Did you know you have a “money story” inside of you that’s sabotaging you from having all the wealth you want?
And did you know, that unless you become aware of this “money story” then chances are NOT good that you’ll ever become wealthy?
I know, that’s a pretty bold statement.
But here’s the thing –
It’s absolutely, 100% TRUE.
I know because I’ve achieved a pretty significant amount of wealth in my own life. So have my friends. So have my mentors. And so have the millionaires and even BILLIONAIRES I’ve studied.
And they all have a money story. But the thing is –
Wealthy people have a money story that WORKS for them.
Those that aren’t wealthy have a money story that keeps them stuck!
Each of us has an emotional relationship with money, whether we want to or not.
Whether we want to acknowledge it or not, we either feel good about money or we don’t feel good about money.
If we don’t feel good about money, then we won’t attract it, and if we do feel good about money, then we’re much more likely to get it.
First, you must eliminate bad feelings about money before you can hope to take the right actions.
Again, if you have negative feelings that come up when you think about money, it will have the same effect as having negative feelings come up in a romantic relationship or about your romantic partner.
It destroys the relationship.
Which leads me to your money story.
What stories do you tell yourself about money?
What kinds of things did you hear about money growing up?
Most of us grow up with negative stories about money and wealth.
For example, many people grow up with the story that rich people are somehow evil or greedy or only love money.
Others grow up hearing that money is hard to come by, or that you should only have enough money to survive and no more.
Yet others feel like if they got lots of money, they’d somehow be taking it from someone else as if money were a finite resource.
All these stories … they create beliefs and emotions within us that drive and motivate us to relate with money in a certain way.
They act like a “filter” in how you perceive the world and building wealth.
And they are the filter through which you make meaning out of your experiences.
That’s why this emotional side of money is so critical.
You’ve got to identify the beliefs and stories you’ve had up until now that could be sabotaging your efforts to build wealth.
Because if you believe at some level that being rich is somehow evil or will be frowned upon by your friends and family, then unconsciously, you’ll do things to self-sabotage if you’re making progress towards building wealth.
What to do about your money story
So it’s critical to start observing yourself. Look at your patterns with money. See what beliefs have been driving you up until now.
Then start working to create the beliefs and self-image that support you building wealth.
This exercise alone can go a long way to getting the “inner game” of money and wealth handled once and for all.
Now the other way our emotions play a role here in self-sabotage is when we make financial decisions “under the influence” of emotions.
Psychologists and scientists who study topics like “Behavioral Economics” and Neuro-Economics” have been discovering very surprising things about how we make decisions about money – especially when “the pressure is on” in life.
And what they have discovered has completely changed how we understand the psychology of success and failure with money and wealth.
Have you ever heard the stock market advice of “buy low, sell high”…? Sounds simple enough, right?
In fact, we can make the rule even clearer by putting it this way: If you buy a stock and it goes down, get rid of it.
If you buy a stock and it goes up, hold on to it.
But guess what individual investors typically do?
When they buy a stock and it goes down, they KEEP IT.
When they buy a stock and it goes up, they SELL IT.
And this leads to the result that most individual investors LOSE MONEY.
Two very simple “money rules” you can start using today:
Rule #1: You can’t make a good buying decision when you’re excited.
Rule #2: You can’t make a good selling decision when you’re afraid.
The point here is that emotions have a very real “sway” in how you deal with money.
So it’s super important to get a handle on them.
And this includes getting your money story “right.”
Make sure you understand the emotions, stories, and beliefs that are driving your financial habits.
Because THIS is how you’ll finally break the pattern, so you can move up in the world and build the wealth you want and deserve.