Is Your “Money Story” Keeping You Broke?

During my life, I’ve done almost everything to figure out what’s going on with me and money. I’ve taken dozens of money/self-growth seminars. I’ve read a ton of books. I’ve taken a bunch of university financial classes. And I’ve gotten a heck of a lot of advice from rich friends.

And after all of this, I’ve come to believe that the reason I have a rough relationship with money is because of my “Money Story”.

What’s a “Money Story”?

Well, it’s a story that we subconsciously tell ourselves – over and over – about money. It’s not something we verbally say. But it’s something that we believe on a subconscious level. And that makes it extremely powerful.

Mine is: “My family never had money. So, I’ll never have money.”

Now, this doesn’t mean that I’m blaming my family for my situation. Far from it. I take full responsibility for everything in my life. Especially the responsibility that I have this subconscious belief that’s driving my deal with money.

So, what can I do about it? Well, I see it as a 6-step process.

1. I have to find out what it is.
2. I have to acknowledge it.
3. I have to take full responsibility for it.
4. I have to believe that it’s a false statement. It’s not true.
5. I have to create a new belief to take its place.
6. Every time I fall back to believing my “Money Story”, I have to start this process all over again.

Don’t worry, this process is a lot easier than it looks. I’ve been doing this now for about a year and my relationship with money has totally transformed. I’m making more money in my career now than I’ve ever made. I’m also a partner in 3 exciting start-up companies. My investments are doing better than they’ve ever done. And I’m happy as heck.

So, what’s your “Money Story”? Here are a few that I’ve heard of.

• “Money is the root of all evil. And since I don’t want to be evil, I’ll never have money.”
• “If I were rich, my family and friends would hate me. So, I’ll never be rich.”
• “Only cheaters get rich. And I’m not a cheater, so I’ll never be rich.”
• “I’ll start saving money when I have enough money to save.”
• “It takes too much work to have money. And I don’t want to work hard.”
• “I’m not smart enough to make money.”
• “I messed up my financial life once. And whatever I do, I’ll just mess it up again.”
• “It takes money to make money. And since I don’t have money, I can’t make money.”

One of these might be your “Money Story”, or your story may be something else. Whatever it is, just know that you can have control over it. If you want. Because if I can do it, you can do it.