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FIVE MONEY MYTHS THAT ARE KEEPING YOU BROKE

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Have you ever wondered or asked yourself why it seems as if you can never catch a break financially? Or do you always find yourself complaining that you’re “broke” more times than you would like to admit?

Well here’s a little secret: your money mindset plays a major role in the overall success of your finances.

Those myths that you keep telling yourself, and believe to be true may be what’s holding you back, boo. Most times you’re thinking these things on a subconscious level and may not even realize the damage that’s being done. But once you gain clarity and call out your limiting beliefs for what they are, you’ll finally be able to break free and reach new levels financially.

 

  1. “MONEY IS THE ROOT OF ALL EVIL”

This is absolute lie! The truth is that it is the LOVE OF MONEY is the root of all evil. If you belong to this school of thought, it is limiting you from even trying to save the money. Without even knowing it, you might be scared of going after opportunities that will get you to the money. Give it a thought, “How can money be evil?” Money is simply a resource that we control. Instead of believing the saying that goes: “Money is the root of all evil”, replace it with this supporting belief instead: “Money is a resource and a means to do good and live well.”

  1. I’M BROKE

Broke is a mindset boo and you shouldn’t have that kind of mindset, because your financial situation is shaped by how you think about money, which influences how you manage your money. If you keep sulking about being broke, you’re going to remain that way. All you are doing is reinforcing that limiting belief into the universe and your actions aren’t gonna line up with what you need to do in order to get ahead. It is necessary that you get a grip on this way of thinking and behaving, because if not you won’t be able to break the cycle.

  1. I CAN’T SAVE WITH MY CURRENT SALARY

When you ask some people, why are you not saving at the moment, you hear things like; my salary is not enough and I have needs to be met, so saving is impossible at the moment, but hopefully when they get a better job they would start.

This is one of the myths that we easily believe. You can start saving now from your salary with whatever you earn at the moment. Start by taking out 10% of the salary, won’t make much of a difference.

  1. I NEED TO MAKE MORE MONEY THEN I’LL BE BETTER WITH MY FINANCES

If you can’t manage the little you have now, what is the guarantee that you would be able to manage more money when it comes. The more the money, the quicker to spend, to avoid this you need to keep your habits in check. You’d go back to complaining about your finances and how broke you are and now you’d need more money. You’ll never be satisfied.

Starts by being content with the little income you are making now and know how to handle it. Learn financial management with the little you have now, so that when more money comes you will be able to manage it with ease.

 

  1. BORROWING IS NORMAL

If you are one of the people who always have a mountain load of debts at the end of the month, then you complain that there is nothing left, it doesn’t need to be that way. Pay off your current debt and make a budget on the salary you earn. Not the money that you’re expecting but the one that you would earn.

 

Make the commitment to yourself and decide that absolutely nothing’s going to stand in your way of breaking that broke mentality.

XOXO

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