It is not your earnings, income or outgoings that drives your wealth, but the deeper, hidden layer of your beliefs around money. Your money beliefs then drive what & how you earn money, what & how you spend it. If you feel you deserve opulence and you are worth fair and high fees, you will charge them & attract people & buyers at that level. If you have self worth issues & believe vast money to be somehow dirty, unfair or grotesque, you will repel it at all costs through fear of becoming what you disown.
In order to increase your wealth & money, get your income up & your outgoings down, a deeper search into what you believe about Money will liberate all the complex layers & unconscious actions that block more wealth to you. In the book “Money” – Know More, Make More, Give More, there are 21 poverty beliefs around money that keep the first world poor on the breadline, or worse in spiralling debt. There are then the 21 polar opposite beliefs that make other people wealthy. Every belief has a polar opposite anti-belief. Neither belief is real or absolute, only real as you perceive.
Here are 5 common anti-wealth beliefs that hold people back from making more money.
If you can turn them around, or let them go, you will find wealth will flow to you more freely without having to hustle 24/7/365.
1. (The Love of) Money is the Route of All Evil
This is one of the most misquoted quotes around money and a popular held belief that repels wealth. Sure, some people are greedy, but who says you can’t love money and still be balanced, kind & successful. Do you want a crap house and a rusty car? Do you want to send your kids to the local prison rather than the private school? Do you want to eat cheap artificial food or healthy, organic food?
Whilst someone could use £20 to fill a magazine with bullets and go & shoot 20 innocent kids at a school which of course is pure evil, someone else could use that same £20 to leave an £18 tip for a £2 burger, or feed a third-world family for days or weeks. Someone could love money and love people. Someone could love money & give it away to those who need it. It is in fact NOT “the love of money is the root of all evil”, but greed, power & evil (through humanity) that is the root of all evil. Money is neither good nor bad, evil nor good, it is simply a universal exchange of value (& values) between people. In other words, it transfers human emotion, belief & action between us. So the root of all good is good people, & the root of all evil is evil people, & money simply exaggerates those traits.
Therefore, a better & more empowering belief is “(the Love of) Money is the root of all good”, because money transfers all of humanity’s greatness too. Money cures disease. Money creates charity. Money buys & frees time to give back & help others. Money solves problems that poverty cannot.
2. You Need Money to Make Money
This is a myth. Of course, money exaggerates habits, traits & velocity, so more money can help. But many successful entrepreneurs started with nothing. In fact, in the last decade, for the first time in history, self made wealth has overtaken inherited wealth as the predominant source of wealth building. More people build wealth from nothing than retain inherited wealth.
What you need to create vast and lasting wealth is education, ideas, information, teams, great solutions to meaningful problems. You need to make life experiences easier, faster, better & more convenient for people. You need to connect & care. You need to help humanity grow & progress.
Do these and you will find the money along the way through better sales, more partnerships & external funding. If your vision is clear and you can inspire others to buy into that vision, you grow your wealth. Therefore, a better belief is: “You need ideas, energy, solutions & service to make money”.
3. You have to work really hard to make money
It’s now easier than ever to make money. You can set up virtually, online, anywhere in the world, as long as you have WiFi. You can quickly set up an online business without stock, leases, expensive premises or overhead, and in five minutes be up and ready to take money. You can outsource many of the harder or less exciting admin tasks to virtual assistants & designers and you can set up free social media accounts on LinkedIn, YouTube, Instagram, Facebook, Twitter, WhatsApp, Pinterest and more. You can shoot videos from your iPhone and immediately reach thousands or even millions of customers at the speed of light. Media is being decentralised & disrupted, where huge TV & radio conglomerates are now being beaten by kids with YouTube channels & one-man band podcasts.
You need to get savvy with the modern digital world & embrace it, or get left behind. You need to let go of past beliefs of working harder and harder in manual labour jobs as the only way to making a living. In fact, that will block you making a fortune. So a better belief to have is: “It’s getting easier & easier to make money”.
4. I don’t have time to make more money
There’s more than enough time in your day, week, month, year and life to create wealth. If people think they don’t have time, then it truth is they haven’t made it important enough to them, or they have made an easier choice. They have the same 24 hours as everyone else. So better to ask yourself if you are investing your time wisely for a return, than making out you don’t have any. You’ll either fill your time with high income generating tasks (IGTs) & priorities, or other people will fill your time with theirs. It is never about how much time you have, but what you do with the time you have.
A better belief is ‘I don’t have the time to do low value tasks’ & ‘I should leverage, outsource, delegate, decline or delete all other tasks which are low value or others want me to do that take me away from my priorities’. Discipline around your time is doing what you know you should do, even when you don’t feel like it. And you know in your heart if you are investing time, or wasting it.
5. I don’t have enough money to save or invest
If you always pay all your bills & everyone else first, you will always be left with nothing, or worse & less. You will be left with the remaining balance of what you already earned, which for many people is actually debt that builds up each month. This creates a viscous cycle. The only way to reverse it is to pay yourself first. Pay yourself an incrementally increasing amount at the very start of the month, before all your bills & expenses. Even if you think you will have a shortfall by the end of the month. You will have time and necessity to FIND A WAY to make up the difference. You can sell some more products, possessions, do overtime, cut expenses or whatever. Each month you gradually ratchet up what you pay yourself, whether savings from earnings of from your business, & your money grows. Then you hive off some into a savings account, & more into an investment pot.
So a better belief to have is: “I find it easy to save and invest as I pay my savings account on the 1st of every month and live off the rest. If I am short I will find a way to make more, & put that aside too.“