What kind of attitudes towards money did you hear from your parents when you were a child?
When you were sitting around the kitchen table during meals, and hearing their discussions about money, did you hear pleasant words? Or did you hear attitudes of scarcity and lack of money, like “money doesn’t grow on trees?”
More importantly, have those same negative attitudes towards money embedded themselves in your own subconscious?
In this video, I share some examples of common negative attitudes towards money. Think about each one and whether it’s a part of your belief system.
“MONEY CAN’T BUY HAPPINESS”
All the time as a child, I would hear people say “money can’t buy happiness.”
This is their way of justifying their own failure with money. If it’s not going to make them a happier person, why bother trying to make more money?
Whether or not money can buy happiness is beside the point. At the end of the day, this is only an excuse for mediocrity.
“MONEY DOESN’T GROW ON TREES”
My dad would love to say “money doesn’t grow on trees.” Whenever I’d ask him for something expensive, he’d tell me this. Sometimes, he’d be sarcastic about it. “Do you think we’re growing money in the back yard?”
Out of all the negative beliefs about money, this is perhaps the furthest from the truth. A good investment portfolio can be exactly like an orchard of trees that grow money.
“IT TAKES MONEY TO MAKE MONEY”
All the time, I still hear “it takes money to make money,” even from aspiring entrepreneurs.
People who don’t have much money tend to say this about someone who does. They’ll say it was easier for them, because they had rich parents or they had more starting capital to invest.
At the end of the day, this is just another excuse for not trying. The longer you keep telling yourself this, the further away you’ll push yourself from your financial goals.
“WE CAN’T ALL BE RICH”
Do you believe that not everyone can be rich? Do you believe that there’s only a finite amount of wealth in the economy, and that it’s wrong to have more than your “fair share?”
Once you understand that wealth is not a finite resource, you will quickly see the absurdity of this belief.
“YOU CAN’T TAKE IT WITH YOU”
Whoever says “you can’t take it with you” clearly has bad spending habits.
Don’t subscribe to the belief that the only purpose of money is to spend it on “stuff.” With good investing habits, you can use your money to leave a legacy for your successors. In that way, perhaps you can “take it with you” after all.
“TO KNOW WHAT GOD THINKS OF MONEY, LOOK AT WHO HE GAVE IT TO”
Many people like to criticize and find faults with rich people as a way of justifying their own mediocrity.
Take Paris Hilton for example. Many people will say she’s a poster child for everything that’s wrong with having a lot of money. Spoiled, entitled and no brains. They’ll conveniently ignore the fact she is a successful entrepreneur who sells perfumes and apps.
“MONEY IS THE ROOT OF ALL EVIL”
Perhaps the most negative belief of all is “money is the root of all evil.” Or even worse, “behind every great fortune is a crime.”
What does that belief do for your subconscious mind? Is it planting a healthy seed? Absolutely not. It fills your mind with negative energy.
Needless to say, no one on the Forbes 500 Rich List could possibly relate to money in this way. If it’s your goal to be wealthy, you must be comfortable with the belief that there’s nothing evil or undesirable about having a lot of money.
Search yourself carefully to see if you subscribe to any of these beliefs. The first step is being aware of them, and the second step is changing them.