There are 4 billion bits of information that are available to you every single second of every single day. Your brain uses your Belief System to filter all that information down to about 2,000 pieces of information. That becomes your reality. This makes money an inside and outside job.
The things we believe about money end up becoming part of our Financial Reality. Sometimes those beliefs can be limiting. For example, let’s say I want to make $100,000 next month, but I have a belief that I can’t do that. I’m going to bump up against that belief. It’s going to cause that to be true. I’ll believe I can’t do it.
“Whether you believe you can or you can’t, you’re right.” -Henry Ford
There are four different areas of our Financial Comfort Zone. Several common beliefs that we have in each one of these areas financially gum up the works for us. The first belief is what we’re able to earn. I’ve had so many clients tell me that they’re on a fixed income. They couldn’t possibly make more money. They’ll say things like, “Oh, I didn’t go to school, so this is the best that I can do.” Or “I don’t even know anybody that makes more than what I make.” These ideas become very limiting for us.
There’s work that needs to happen on the internal front before you can do it on the external.
Another belief is around expenses. We have the idea that the more you make, the more you spend. Or we believe you always spend a little bit more than you make. I’ve also heard you’re always going to have debt or your cashflow is always going to be tight. When clients believe this I find that their money situation stays tight. Even when they make way more money or they’re doing better financially than they had been. They stay in debt or financial trouble.
Savings is another area of our Financial Comfort Zone. When we believe we can’t hang on to money or that we’re bad at it, we will find it very difficult to hold onto money. We’re unable to save for the things that are most important to us.
Now, debt is one of the biggest areas that people come see me for. I’ve heard everything from, “Debt is just part of the American Dream.” To “Everybody has debt.” Or “I’ll never get out from under Student Loans.” And “I’m always going to be in this mess.” Those things are all true if you believe them.
A lot of the work that I do with clients is in two different areas.
Part of the work that I do is around Financial Strategy and Cashflow Management. I discuss the best ways to pay our bills and run expenses. I help you identify which strategy matches your life goals.
But we also explore and figure out what beliefs they have that are the root cause of their financial problems. Here’s another example. If you have the belief that money is hard to come by or you have to work hard to make money, that’s going to be your reality. It’s not true.
Americans believe that you have to work hard to make a lot of money. This makes sense. This is culturally ingrained in us from the time that we’re little kids. We’re told to study hard, so you can get a good job and make a lot of money. You have to hustle and grind.
I want you to think about somebody who is a multimillionaire. They have investments that do a lot of the work for them. Maybe they go to work, but maybe they don’t. Then, I want you to think about somebody who has a job doing manual labor and makes minimum wage. Who do you think works harder? This example is true every which way.
A lot of what makes money work is buying investments.
You can do that with the money that you already make. You don’t have to work harder to buy investments. When you look at these ideas and the beliefs that make them “true”, you can start to question them. You want to break them down and see if they’re true. Ask yourself if they serve you.
This is critical in getting your money to be the way that you want it to be.
I host a two day Money Mastery Weekend event and the entire first day is about our Money Mindset. We explore what we think about money and where those beliefs came from. Are they cultural or from our family? Or are they bits and pieces of our personal story that became true to us.
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