Four Empowering Beliefs About Money To Increase Your Wealth

Empowering Beliefs About Money

Having a mind filled with disempowering beliefs limits your wealth because you focus on lack. Because of it, you don’t see opportunities, let alone take them. Manifesting wealth is a result of seizing opportunities and working on them. If you don’t believe that there are opportunities, then you’ll get trapped in a self-fulfilling cycle of being stuck in a rut.

Change your mind to have empowering beliefs. The outer condition may stay the same, but the inner condition can create a big difference. Having positive beliefs can help you push outside of your comfort zone and move to where you can create more wealth and happiness in your life.

Here are four empowering beliefs about money that can help you be more wealthy:

1. My Wealth is My Responsibility

The first empowering belief is to know that your wealth is your responsibility. You have the most influence over your wealth compared to other people. Other people can have some effect, but it’s nowhere near the power you have over it.

A disempowering belief that counters this belief is to think that other people control how much money you can make. Perhaps you blame the economy, or the government, or the family that became the unit you were born in. Though it can feel that they have a huge impact on your life, it’s not as big as you think. You have the power to do much more than you assume.

Without acknowledging that your wealth is your responsibility, and embracing it, you won’t open yourself to the opportunities and possibilities available to you. Placing your hope on other people robs you of the actions you can do. By taking responsibility, you can begin to take action on the opportunities that are already there and can increase your wealth dramatically.

2. I Can Learn to Become Wealthy

Wealth isn’t hereditary or based on talent, though they have some effect, since some wealth is passed down in families. It’s true that some people are lucky to be born rich, become an heir. However, people from normal families, like us, can be very wealthy too, if we learn about it.

Wealth isn’t an object; it’s a skill, and it’s learnable. It comprises of certain knowledge and skill that is obtainable as long as you are willing to study and practice what you learn. That’s why taking responsibility is the first empowering belief, because it fuels you to learn about wealth and attempt to increase it.

You can find knowledge to build wealth in books and seminars. Not all of them are worth it; I admit some books and seminars are sold based on hype and not substance. But it is possible to learn about wealth and how to increase it. You can also learn through practice, while being supported by audio programs such as Thought Elevators.

Of course, you also need to practice what you learn, and here is the challenge. Building wealth often requires taking risk and losing money. If you attempt to start a business, there is a risk you lose the capital. If you try to ask for a raise or find a new job, you can get rejected. The risk of failure can be strong enough to make you not want to try, but the option is there for you to take it if you dare.

Studying
Unless you know a millionaire, books can be a source of knowledge about wealth

3. Mistakes Are Unavoidable

The third empowering belief relates to the second one. Once you start applying what you learn, you will make mistakes. Like I said before, you might fail in your business, experience a large loss, get no results and feel like a big waste of time, and other forms of failure that get in your way.

No successful person ever became successful without failure. I don’t want to say that “failure is the recipe for success,” but it is a natural and logical part of it. You ought not to feel discouraged or stuck or trapped when your results aren’t the same as what you expected, or when you outright fail.

I once read a post in a forum from someone who felt he had to know absolutely everything in advance before he could make any move. That desire may come from fear of failure, and the illusion that knowing everything will make you bulletproof. It won’t.

Regardless of how much you know, you will still experience some failure. The good news is that failure and mistakes can be a learning opportunity, if you use it as such. If the failure only makes you get in a bad mood without any solution or change in action, then it is an absolute failure indeed.

4. Risk is Manageable

Risk comes hand-in-hand with wealth, and vice versa. Even if you only make minimum wage, there is still some risk involved in making that wage. The higher risk you take, the higher the reward you can get, but that doesn’t mean you have to go in blind like a gamble.

I learn from Robert Kiyosaki that risk is manageable with the right knowledge and skill. You can reduce the risk factor, it’s impact, by increasing your knowledge and gaining experience through applying skill. Owning skill and knowledge opens up new opportunities that you wouldn’t take before because you felt the risk is too high.

You can see that it is starting to take shape: accept responsibility over your wealth, learn how to become wealthy, make mistakes to gain knowledge, practice what you learn to develop skill, and take bigger risks that are manageable. Some people make the mistake of overestimating their abilities and taking too big a risk. It can work in some cases, but I would choose risk that has a worthy reward compared to the loss.

Search for asymmetric risks, those opportunities where, if you’re wrong, you lose a small amount, but if you’re right, then you win a big amount. The stock market sometimes provides these types of risks where you can win big. Building an online business is relatively affordable and you can also win big if you apply the right knowledge while risking a small capital.

Bonus: Ask “How Can I Afford It”

This bonus empowering belief I also learn from Kiyosaki. Instead of believing you can’t afford what you want to buy, ask “How can I afford it?” The brain is an answering machine, it will do it’s best to get an answer for a question you ask, regardless of whether the question is empowering or not.

When you close your mind and conclude you can’t afford it – a new home, a vacation, or even a nice dinner with the family – then your brain will confirm and find all the reasons that support it.

Instead of doing that, ask how might you afford it, and your brain will come up with various ways you can try. Perhaps there will be some expenses you cut or reduce, or you can look for discounts, coupons, and special offers about what you want to buy. Maybe you’ll have to wait for when it’s not peak season and the price is lower.

Notice that the empowering beliefs above aren’t about money; they are about you. That’s right, you can’t control money, but you can control how you act and react towards money and wealth. Once you can control yourself, then money is easier to make and easier to find.

The point is to keep open to new ways and opportunities to bring more wealth into your life. If you are already closed from the start with disempowering beliefs, then you won’t make a move because that’s what you believe. But when you keep an open mind, you will notice paths you can take that might become a channel for wealth to increase in your life.

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