Many successful people will tell you that your mindset accounts for as much as 80% of success. If you’ve ever felt frustrated about not being able to reach beyond your current level of success and income, then you might have some niggling limiting beliefs under the surface of your conscious mind that are sabotaging your efforts.
Below are the top 5 limiting beliefs that affect your financial set point and…a solution start moving beyond the mindset that is sabotaging you.
1. Not believing that you are worthy or deserving of the success you are seeking. There are a couple of reasons why you might not believe that you are worthy of success. The first being that you probably picked up messages from your childhood from parents, older siblings or anyone else in a position of authority. Perhaps you asked your parents for money to go to an amusement park or for money to buy a new toy and were told “no”. I know in my case, when I was younger, my mother would often reply to requests like this with, “why should you get what you want, I never did”. You can imagine what kind of impact that had on me as a child and I carried that through into adulthood in many areas of my life.
The second reason is that studies have shown that we tend to earn within 10% of the 5 people closest to us. We are hard wired to get along with our “tribe” so that we can survive. In ancient times, if we did not get along with our tribe, we were banished and that meant most certain death. In today’s society, when we stand out from the crowd, the fear is that we will be criticised or put down. But it all boils down to the unconscious belief that if we must get along with our “tribe” in order to survive.
So, decide that you are deserving. You are the only one who can make your dreams come true so seek out a coach or mentor who can support and guide your towards achieving your goals. And once you do move beyond your tribe’s level of income, you will likely become and inspiration to them. By you standing out and reaching for your goals, you give them permission to do the same.
2. The belief that you are not good enough. As school children, we are graded on how well we do. For me, when I brought home my report cards from school, I was often criticised for NOT having all A’s. The emphasis was on the “failures” as opposed to the accomplishments. My mother was a super brain and a member of Mensa. So for me, getting good grades was very important but I didn’t live up to my mother’s expectations. I was still a really good student but I wasn’t at the level she had been.
This is often the case for many people and probably was for you. Your parents may have focused more attention on the bad grades you received as opposed to the good ones. And there might have been comparisons made like in my case where I was often reminded of how smart my mother was. Comparisons to others can make you feel “not good enough”.
You need to realise that you are one of a kind and that even though you might be marketing a business that is similar to a lot of others out there, you have a unique set of skills to serve your audience. Focus on your accomplishments daily whether that’s getting a workout in or a blog post published and stop beating yourself up for what you haven’t accomplished.
3. The belief that you have to work hard to earn money. This belief often comes from the employee mentality. As an employee, typically you are paid an hourly or yearly salary and if you want to earn more, you have work over time hours. Or, you have to show your boss that you are worthy of the next promotion by putting in longer hours.
This mentality can sabotage your results as a business owner because you may try to do everything yourself and burn out. Doing everything yourself is hard. You need support, mentoring and a plan to take action.
But there are so many examples out there of people who earn far more than the average hourly or salaried person but they have the same 24 hours in a day that you do. Take Warren Buffet for example. He does things very differently from most people. He uses leverage by having his money work for him, rather than working for his money and the result is that he is worth multi billions of dollars.
This isn’t to say that you don’t have to put work into achieving your goals, you certainly do but, you can use the power of leverage to achieve your goals much faster in the form of sales of digital products, group coaching programs or hiring a virtual assistant for example. Or, find a mentor who can guide you in taking the right action steps towards your goals.
4. I have to be perfect before I can be successful. This belief is pretty common among type A personalities and is closely related to not believing you are worthy or not good enough for your desires. It’s the tribal mentality, the worry that you will be criticised if you don’t have all of your ducks in a row before you put yourself out there.
And so you spend too much time on making sure your website copy is perfect or on getting all the knowledge you think you need before launching your business, your program or your first webinar. So either this belief keeps you stuck in the “getting ready” mode or, in doing nothing at all and you stand on the sidelines feeling “not good enough”.
Instead, pull the trigger on whatever you are launching whether that’s a website, a program or content when it’s “good enough”. You’ve probably seen many examples of copy that has spelling or grammatical mistakes yet that person is still successful. The reason is that it’s more about that person’s energy and enthusiasm for getting their message out there. It speaks to their audience and for the most part, most people in the audience won’t even see the “spelling mistakes” or whatever mistakes might be holding you back. What the audience sees and feels is that person’s passion.
You still might get the odd person pointing out your mistakes but, it’s not a big deal, we all make them. Focus your attention on the people that need your support and who love your message. I still sometimes catch myself struggling with this limiting belief and I have to remind myself that I am good enough and good enough, is good enough.
5. I can’t make money doing what I love. Often this limiting belief comes from past failures. As an entrepreneur, you’ve probably tried other businesses in the past that didn’t yield the results you were seeking. This results in what I like to call “goal trauma”. You framed that experience as a “failure” and developed a belief that you can’t do it. But if you study the stories of most successful people, they failed multiple times on the way to success.
For J.K. Rowling, it took 7 years from the concept for Harry Potter to getting her first book published. It took many re-writes and attempts at finding a publisher before things took off for her. Thomas Edison famously stated that he never failed, it just took him 10,000 tries before he invented the light bulb. The Beatles officially became the name of the band in 1960 (although John Lennon and Paul McCartney had met and started playing together in 1957) and they toured Hamburg for 3 years perfecting their craft before they won their first record deal in 1963.
So the key to being able to make money doing what you love is tenacity. You need to have a clear vision for what you want to create and believe that you will eventually get there and don’t give up until you do. Many of life’s failures were those who didn’t realize how close they were to success when they gave up. I’ve had my own “goal trauma” that I’ve had to release with in order to reach the next rung in the ladder of success.
If you want help in releasing these limiting beliefs on an energetic level, download the Top 7 Limiting Beliefs that Sabotage Your Financial Success. This free guide will help you to tap into your natural talent and ability to succeed.
Contact me for a FREE money breakthrough session to uncover your biggest blocks to greater success and money!
Certified Tapping Into Wealth Coach
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