In December I started working a new job in an environment that…Well, fair to say feels quite foreign to me. Some of the clients I work with have an income that sometimes have me wondering if the comma is in the right place.
True story.
And the first few weeks I was constantly wondering how it was possible that people earn this kind of money. Which made me aware that the only reason I was thinking this was because of my own limiting beliefs.
And I did not like that one bit. So, I took the time for myself to see where do these limiting beliefs stem from?
Keep reading to see some reasons why we develop limiting beliefs about money:
- Upbringing
Our early experiences and the messages we receive from family members, caregivers, and authority figures greatly influence our beliefs about money. If we grew up in an environment where money was viewed as scarce or difficult to attain, we might adopt beliefs that reinforce scarcity mentality.
Especially if during our upbringing we’ve seen people in our environment deal with financial setbacks, such as debt, job loss, or economic downturns, it can affect our beliefs about money. - Societal and Cultural Conditioning
Let’s be honest here. Money is often portrayed as the root of all evil. Messages about wealth being tied to a person being a bad person can prevent a person from allowing themselves from striving for more financial abundance in fear that it might affect their personal values. - Fear of Failure or Success
This one might be related to the first point as some people harbor subconscious fears related to money, such as fear of failure. If you’ve witnessed people in your environment struggle with money, you might have grown the belief that you might never be good with money.
And you know what they say, right? Better safe than sorry. If one doesn’t take any risk to pursue an opportunity that could lead to financial growth, one can’t earn more money or as they possibly believe: lose more money. - Self-Worth Issues
Do you believe you’re worthy of money? Beliefs about one’s worthiness or deservingness of wealth can also play a role in shaping money-related beliefs. If someone has low self-esteem or harbors feelings of unworthiness, they may subconsciously sabotage their financial success or believe they don’t deserve to be wealthy. Think of not accepting that job with a higher salary, because they don’t believe their worth it. - Comparison with Others:
Comparison is the thief of joy. Comparing yourself to others, particularly in terms of financial status, can lead to feelings of inadequacy or envy. Believing that others are more successful or financially secure can reinforce beliefs about your own limitations or shortcomings.
Having limited beliefs doesn’t mean you have to stay stuck in these limiting beliefs. Being aware is the first step to allow you overcome these so you too can grow financially as well.
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