Money makes the world go around, as they say. And that’s why all over the world, people are clamoring to earn money. Despite the hard work and time you put in, you feel that you’re standing on a mountain of debt, and that’s never enough, which results in a lot of stress. More often than not, we know what need to do, and yet we feel stuck, frozen, sinking in financial crisis. If you are going through this, then you’re experiencing mind blocks to your financial abundance.
What is Financial Abundance?
Financial abundance or freedom is having higher passive income compared to expenses. Wealth is relative to various individuals. But the critical factor is knowing that you have more than enough finances at your disposal. It’s being able to live on your terms without worrying about paying your debts or what the future holds.
What are mind blocks?
Mind blocks are limiting beliefs we set on ourselves. This deeply resonates with the story of an elephant, raised and trained to stay in one spot, with a string attached to his neck tied to a pole. As the elephant grew older and bigger, it outgrew the rope and the pole. However, the elephant refused to budge despite knowing that he should free himself.
Unfortunately, for most, mindset blocks have become a string and pole that has held you back from achieving financial abundance. Let’s look at five unseen mind blocks and how to fix them:
Mind Block 1: Scarcity Mindset.
“There’s not enough for everyone,” a mentality that thrives in someone with a scarcity mindset. Thus, you end up thinking there’s not enough pie for everyone. You indulge in a deep sense of self-control, which leads to deprivation and unfulfillment. The downside is it can backslide to over-indulgence due to denial, such as overspending without thinking about the future.
- Practice an attitude of gratitude and be thankful for what you have. Grateful people have their palms open not just to give but also to receive blessings.
- Increase your financial wallet. Don’t just settle for a 10% increase in your monthly income. Write a financial target, for example, x5 of your current income for the next 12 months.
- Saving is possible. To avoid the urge to do it as the last step, automate the money you save monthly.
Mind Block 2: Victim Mentality.
How many times have you pitied yourself for being born in an average family? Or live up to the belief that only the rich get rich and poor only get poorer? These beliefs made people think that even if they work, they’ll never earn enough nor achieve success like those who have been born with a silver spoon in their mouth.
- Stop comparing yourself to others, especially on social media.
- List your strengths, and next to it, opportunities where you can thrive.
- Work smart, not hard. Learn to delegate things that aren’t your forte.
- Invest in self-development to boost your confidence.
Mind Block 3: Money is Evil.
The negative assumptions for money that it’s the root of evil bars you from acquiring wealth that’s readily available for you. True enough money can’t buy everything. But it can make a difference in your daily life.
- List down all the acquired negative assumptions about money from your peers, family, or church.
- Write a positive counter approach to each item.
Example: Next to money is the root of all evil, you can write there “I am in control of my behavior and not dictated by money.” Such a practice will help you create a financially free mindset.
Mind Block 4: Fear of Failure.
It’s often an instinct that when faced with change or something unfamiliar that people tend to dodge or run away instead of facing it. How many have turned away from a good business idea because of the fear of failing or being judged?
- Have a financial plan to balance your wants and needs. People who plan to fail usually fail to plan.
- Stop hovering around toxic people who pull you down.
- Listen to experts who can help you in your journey.
Mind Block 5: Fear of Success.
Often, you are afraid to take on massive projects for fear of not being able to handle it as they grow bigger. Or perhaps worry that you’ll be a one-day millionaire not knowing where all the cash went after a few days. You curb your success and stay within the boundary of your comfort zone.
- Label your fears. Write down all your anxieties and worries on a piece of paper.
- Then throw or burn the paper to release all the negative energy from it.
- On a separate sheet, write down affirmations that will make you step out of your comfort zone to your courage zone.
The fact is, even if you’re part of the poor population in America, it only accounts for 1% of the entire world. This means that there’s a vast resource out there that has remained untapped and waiting to be discovered. To do this properly, you have to learn to unblock your self-limiting beliefs and negative mindset. Empowered thoughts lead to a financially free mindset attracting abundance from the world.