The Top 4 Money Myths That Keep You Feeling Poor

March 12, 2020

 

When I was younger, I remember wanting to buy something and my mom said we couldn't afford it. My parents were self-employed and their income wasn't always consistent. Plus, my Dad was a pretty frugal person. Although I don't remember what I wanted to buy, I do remember saying "I hate being poor!" Then, my Mom said, "Being poor builds character".

 

WHAT?!!!! 

 

I thought that idea was bonkers at the time (I still do BTW). I also told her that I thought I had enough character and would like some money now! Yep, I was sassy. 

 

This story touches on some classic conditioning (and 3 major money blocks) we receive from our parents and other family members. On some level, we inherit their money blocks and use them to form extra ones of our own. I don't know about you, but that's one legacy I'd like to skip!

 

I said it last week and I'll say it again: WE ALL HAVE MONEY BLOCKS!!!

 

Although there are clear patterns when it comes to money blocks, people will express them a little differently depending on your circumstances. One common myth that people cling to is that money will solve their problems. This is why people play the lottery and enter sweepstakes. It's the hope that a sudden windfall will make everything better and wipe the debt slate clean. Newsflash: IT DOESN'T! If there are money blocks present, then those will be magnified. Even rich people have money blocks. We all have them, remember?

 

Here are some of the most common Money Myths that I see among my clients. 

 

Myth #1: You have to work hard for your money.

This belief is probably the most controversial. My Mom and one of my best friends have this belief, and I have to mentally counter it every time they say it. Louise Hay, author and creator of Hay House Publishing, had a technique whenever she heard someone say something she felt was a limiting belief. She would mentally counter these beliefs with one of her own. "That may be true for you, but not for me!" This way, she could block her subconscious from absorbing the fears and beliefs of other people. 

 

If you have this block, your subconscious may sabotage you from receiving money that came to you easily because you "didn't earn it". Usually, people will feel the need to spend or give this money away as quickly as possible to get rid of the guilt of receiving rewards without working hard for them. 

 

Myth #2: Money is scarce.

This money block runs DEEP and affects us on a very primal level. The Survival Brain (your unconscious) is concerned about physical resources like food, water, and shelter. In the modern day world, money is how we get those things. So, anything that threatens your income sends your nervous system into high alert. This can result in anxiety, fear, physical pain, and frustration. 

 

This myth is compounded by other limiting beliefs that involve competition. If you view the world as a competitive place (ex. only the strongest/fittest survive), then you may have the limiting belief that there isn't enough for everyone. This belief leads to a scarcity mindset. When you think there isn't enough for everyone, you start to panic because your Survival Brain starts to believe you might die or that maybe you're not good enough to succeed. A common phrase you may have heard is that "Money doesn't grow on trees." This backs up the belief that it's not easily found and is hard to come by. It's also coupled with the belief that since it's not easy to come by, you have to work hard for it! Do you see how these blocks often string together to create a bigger problem?

 

Myth #3: Money = Sacrifice

This myth especially effects women. There's an underlying belief that in order for you to be rich, you're going to have to sacrifice something that makes you happy like time with your family, doing what you love, or your alone time etc. This creates an all or nothing scenario that's undesirable. Why would you want to give up things you love just to have money? Here's the most wonderful thing: You don't have to choose! It's a limiting belief that you can only have one or the other. When you think about money with an abundance mindset, being wealthy means you have more options. You can have the freedom you desire when you accept that having money isn't a bad thing. 

 

Myth #4: Money changes people. 

You're probably really familiar with this one. The media loves to play up the difference between the 1% and the other 99% (i.e. anyone other than the uber rich). There are common misconceptions about being rich and one of them is that you're greedy, selfish, and don't care about doing good things with your money. This is untrue! Everyone has their faults and money only magnifies them. Money itself isn't good or bad, it's how you perceive it and what you do with it. If you're a good person, then having more money will allow you to help other people. If you're naturally insecure, greedy, and selfish, then money is going to magnify that in a major way. 

 

Common sayings like "Money is the root of all evil" make it seem like having money makes you a bad person, but we're conditioned from childhood to "be nice". This creates an inner conflict and limiting belief that if you have money, you won't be nice. Your subconscious wants you to be a nice person, so it may sabotage you from becoming wealthy because it wants to keep you nice!

 

Money blocks are insidious and create limiting beliefs that spill over into other areas of your life. They become so ingrained that you don't even know you've fallen into the trap of negative thinking and conditioning. The good news is that once you recognize how these beliefs are affecting you and the people around you, then it's a lot easier to reprogram yourself for success. 

 

 

 

 

 

 

 

Dr. April Darley is an expert at resolving stuck patterns of behavior through Neuro-Emotional Technique (N.E.T.). By identifying self-sabotaging behaviors, she can help you regain confidence, improve relationships, remove blocks to health, wealth and success in any area of your life.

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