Mental bottlenecks that limit your financial freedom

Profile of the non-investor

Everyone can learn the basics of money and investing and set up the right systems to achieve the desired financial goals. However, if you get temporarily stuck with a limiting attitude and mindset, you will struggle financially. Period. As you may know, a bad attitude  Is like a flat tire. You can’t go anywhere until you change It.

Life is complicated. The job market is competitive. Money is a weird tool and talking about it could be a slippery slope. Financial markets are not as efficient and rational as we would like to think and most economic models have drawbacks. Many things don’t work as they should be.

Despite all the complexity and challenges, you always have the means to take control of your financial future and become your own CFO. Therefore, in my humble experience, it is important NOT to fall into “limiting mindsets and behaviours”, otherwise it is almost impossible to achieve financial independence.

CHECK OUT MY LIST OF MENTAL BOTTLENECKS THAT JEOPARDIZE YOUR FINANCIAL FREEDOM:

1) you want to receive before giving

2) you think the financial markets are evil and the economy is rotten. You just wait for it to collapse, and then you will decide what to do about your finances

3) You wait for someone else close to you to try the idea first, before considering it yourself

4) You dream about something but make excuses to keep the dream in your drawer, without taking the first step toward it

5) You don’t want to make any mistake

6) You are totally risk-averse. You don’t realize you fail every shot you don’t try. You don’t realize not taking some risks, could be a major risk in itself

7) You enjoy over-analyzing, waiting for “the right” moment or the perfect situation. This is paralysis analysis. This is pure procrastination

8) You want everything “clear” before starting. You don’t believe in baby steps, following a learning curve

9) You think that chasing an opportunity is like gambling

10) You think that taking calculated risk is like gambling

11) You think that succeeding is only based on luck, connections or raw talent. You underestimate the power of education, discipline, and healthy habits

12) You think you are just unlucky. You are somehow a fatalist. You feel like a victim of circumstances

13) You think that positive change is not possible. You don’t have a growth mindset

14) You think someone else is responsible for your situation (family, partner, company, government, society). You don’t take responsibility for your own future

15) You expect the government to look after you

16) You think that doing a business or investing implies stealing or harming someone else (you think it is a zero-sum game)

17) You don’t have a clear view of things you can control, and things you cannot control

18) You were taught to fear money. Therefore, you are not comfortable managing money and talking about “money.” You accept the fact you don’t need or want to think about it

19) Money is evil. People who talk about money are greedy 

20) You don’t like math, therefore you don’t want to learn about personal finance and investing

21) You feel you are poor and pennyless, therefore you wait to make some money before thinking about it

22) You will think about money, personal finance and investing when you are older. Now you are too young to think about it

23) You feel you are now too old to think about money and investing

24) You think you need to have enough money before methodically saving and investing it

25) You have not yet realized that, ultimately, excuses are lies we tell ourselves to stay on the “easy road”

Based on personal experiences, I think this list will grow over time. You might find it provocative. Well, that’s the point: I feel we have all been exposed – in one way or another – to limiting beliefs. That’s ok. That’s normal. However, as long as we identify clear financial goals, we need to test, question and overcome any unhelpful attitude or mental bottleneck. Otherwise, we won’t achieve our personal and financial goals.

Keep it real, Sweat Your Assets.

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