Are Your Money Beliefs Holding You Back? Kenya 2020
Career Employment Kenya: Are Your Money Beliefs Holding You Back? Kenya 2020
Job Description: Today Work Kenya

What’s in your wallet? Is it the myths about money that are keeping you poor or in debt?

Does the money control you or do you control it?

Many of us give ourselves excuses as to why we aren’t making the amount of money we really want to make.  Excuses like:

“My job doesn’t pay me enough”, “I come from a poor family” “I don’t have the education level needed for a better job”, “My money is very committed”, “I wasn’t taught how to handle money”, “Finance just isn’t my thing”, “My husband/wife handles that”, “I don’t have a financial mind”….the list is endless.

Why do we make such excuses? It is because we have programmed our minds to blame outside factors and not ourselves.

We can both be the problem and solution at the same time.

Let’s take a look at some of the most common beliefs about money and put these myths to rest once and for all so you understand how to get rich.

“I grew up poor, so becoming rich is unrealistic”

Your past does not control or determine your future. It only does if you let. Some of the most successful people in the world came from poor backgrounds but defied the odds to be the best.  The legendary media proprietor Oprah Winfrey whose childhood is marred by poverty and abuse has a net worth of 3.5 billion dollars.

One of the world’s greatest basketball players, Lebron James was raised by a young, single mom in a poverty-stricken neighborhood and is now worth 450 million dollars.

“Saving is hard”

Saving is hard if you don’t know how to go about it. When you make a monthly budget (which you should do anyway), you should always have all your saving plans up front before you take care of any expenses.

“My Education is not enough to make me money”

I know many people with degrees from great universities who don’t have a clue on how to make money or even budget for it.  I know many people who didn’t set a foot in school and are self-made millionaires. Business Mogul Jack Ma failed his entrance exams while in school both at primary and college level yet he went on to create the biggest E-commerce platforms in the world. He is now worth 20 billion dollars.

“I am broke, I won’t survive this”

Your thoughts can either break you or make you.  What’s the catch?  You have to take action and stop lamenting over your problems.

Nothing’s going to happen if you don’t act towards paying off debt, keeping a budget, making more money, and thinking of different sources of income.  So stop worrying and start thinking.

Famous Classical Novelist JK Rowling was a divorced, single mother, suffering from depression but she was determined to bring Harry Potter to life, which turned out to be one of the greatest films the world has ever known.

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“More Money Means More Problems”

I have to be honest and say that I am guilty of having this kind of mindset. I have always believed that the money you have the more the problems keep piling up. This is not the case.

Having this limiting belief keeps you from saving and amassing wealth. The key here is to control the money and not let it control you. Come up with a budget and save and invest wisely.

If you made the money in an honest way, it should not worry you because your hard work paid off.

“Living luxuriously shows wealth”

This is one money belief that has kept many poor for long. We equate material stuff and luxurious lifestyles to being the ideal determinant of wealth.  If that is the case, why do we have cases of people going bankrupt?  Because we see supposedly wealthy people with new and expensive stuff, we assume that wealth is about having the money to buy whatever you want.

Not all the time, it is about being disciplined and having priorities. It is also about understanding that buying whatever you want, whenever you want, will keep you poor every time.

Investing is only for those with lots of money”

Investing is not always about buying huge shares in the stock market or buying that lucrative property in the real estate market.  You can invest in a lot of things with very little start-up capital.  If you want to be an entrepreneur, start small and grow your business to the level that you want it to be.  Save up for that piece of land that help you build a home for you and your family. Whatever it is, investments all about know what works for you.

Conclusively,

Are any of the money beliefs mentioned above holding you back?  Take action!

Don’t let the appearance of wealth or greed for more money blind you. Instead, go for real wealth by spending less and saving more.

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