Do you have limiting beliefs about money?
You know what I did with mine today? I ripped them up , set them on fire, and then drowned them.
Fighting Limiting Beliefs About Money
Last week I revisited the moola making chapter in Jennifer Lee’s book, The Right Brain Business Plan. Though we’re already half way through the year, it’s never a bad time to reassess money making opportunities in your business. Of course, if you’re reassessing where you’re making money, you must give equal time to where you’re spending money.
Money is, for many solopreneurs, a double-edged sword. You have to spend money to make money. But sometimes it is hard to spend that money if you don’t know when you’ll make back the money that you just spent.
This was the limiting belief that hit me square in the head last week. It has been following me around for quite a while too.
Limiting beliefs. Quirky little buggers. Especially when it comes to money.
Where do these beliefs come from? Some of them most likely form when we’re kids. We pick up on these beliefs from our parents or other adults in our little kid life. We observe how our parents handle money-both the saving and the spending aspects. We take a little from that time period, form our own ideas as we get older, have a good experience or a bad experience and then the whole mess gets mixed up in a great big cauldron called our mind.
Until it starts to bubble and froth and spews forth at any time while trying to run our small business.
Make a List. Check it Twice. Then chuck it.
I’ve been in business for several years. And my beliefs about money aren’t nearly as overbearing as they were at one time. But there are still some that rest in those dark recesses. And when it comes to looking hard at “the numbers,” guess who pops up?
Before being able to move forward with setting new money making goals, you need to understand what is holding you back. You may not know why, but at least giving those limiting beliefs a name can help.
Set aside some time to do this task. Get a pad of paper and a pen. I like to put on some instrumental music. But maybe you’d prefer something a bit more head-bangy metallic? Take a few deep breaths. Ask yourself what your limiting beliefs are about money. Ask yourself why the thought of spending money in your business gives you the heebie-jeebies. Ask why the thought of accepting money for your product or service makes you feel light-headed.
And then let ‘er rip. Write it all down. Don’t worry about good grammar or spelling. Just go with the flow. Keep writing until those negative thoughts stop or slow down to a trickle.
(If the thought of writing this down causes your brain to freeze or you draw a complete blank when you look at your sheet of paper, try doodling or making little symbols on the paper. Perhaps single words will start to trickle out and then an avalanche of words and phrases. There is no “right” or “wrong” here. I believe the act of writing can be cathartic. Something about getting your hand moving across the page. But if you prefer to type this out on your computer, that is okay too. Do what works best for you.)
When you’re done with your list, look it over. Read it. Then set it aside.
The Turn Around
Now you don’t want those limiting beliefs to sit there and stare at you. No way. Now you need to turn them around.
Yes, this can be a little tricky because you want to make a negative into a positive. (Don’t worry, no funny math or physics formulas required.) Take another deep breath, look those limiting beliefs in their beady little eyes and flip the words into a positive affirmation.
I mentioned that one of my limiting beliefs is “I’m afraid to spend money because I don’t know when I’ll make back the money that I just spent.”
My turn around for this: “I make more money than I can spend.”
Now, on a clean piece of paper, write down a positive statement for every negative, limiting belief you wrote on that other piece of paper. When you’ve written all your positive affirmations, set that piece of paper aside.
And that sheet of paper with the limiting beliefs? Get rid of it! Shred it, burn it, flush it down the toilet, or put it in the compost bin. Make a fun ritual out of it. Just don’t keep it around for long because you don’t want the negative energy from those limiting beliefs to sit and fester.
A Brand New Day
After you get rid of that negative, limiting belief sheet of paper, make sure you keep your positive affirmations in a spot where you can read them every day. Maybe you read them two or three times a day. Whatever works.
How do you feel?
Will this bring money flowing through your door immediately? Probably not. However, I do believe that great things happen unexpectedly. Putting that positive energy out into the Universe can be a good thing.
You still need to do your work, make your connections, sell your product or service.
But understanding your limiting beliefs and how to turn them around can make this solopreneur gig a lot easier.
Leave a comment below and share how you confront limiting beliefs.