If you're feeling overwhelmed by your money situation. You're not alone. It's a universal problem.
And you will be surprised to know that the culprit may be money blocks.
Almost everyone has them, but most people don't know how to identify and break free from their money blocks.
It's hard to know when you have a money block.
You might notice that your bank account balance doesn't reflect the amount of effort you're putting into earning money, and it can be difficult to figure out why this is happening.
If you're not making as much money as you'd like, then there might be something holding you back from reaching your goals; we call these things “money blocks.”
Money blocks are simply series of thoughts, a mindset, or a feeling that gets in the way of financial success. They can range from worrying about not making enough money to being fearful of the future.
Money blocks can also manifest as limiting beliefs in other aspects of your life. It is hard to pinpoint exactly what may trigger these beliefs.
However, when you start to focus on your own money blocks you will be surprised about what you learn.
The truth is, everyone has at least one money block, and it's time to break free by recognizing what's holding you back!
We all need reminders now and then on how best to manage our finances so we don't feel stuck in an endless cycle of debt and worry – because let’s face it – that never works!
To get your spending, saving, and earnings on track, try these simple tips that will help you identify subconscious money blocks and help you find your own financial success.
But first, let's talk about what a money block really is.
What is a money block?
A money block is a series of thoughts, a mindset, or a feeling that gets in the way of you achieving financial success.
Obviously, this can range from worrying about not making enough money to being fearful of the future. Money blocks are usually made up of things we tell ourselves as children including:
I'm not smart.
I don't deserve to be rich.
I don't have time for this.
And the list goes on. It stems from having a limiting mindset.
You might be wondering what these statements have to do with your money beliefs.
You’ll be surprised to find out that these sneaky subconscious beliefs can easily impact your relationship with money.
If you want an abundant life then it starts with really digging into your money story and working to remove money blocks and replacing them with new beliefs.
How do I know I have money blocks?
A part of you may be asking “How sure am I that I have money blocks”?
Most people with money blocks may not know it is there because most of what you believe is not just about money but life is generally is the product of your experiences.
You may have had parents or relatives with money blocks while growing up and have subconsciously embraced their beliefs.
To find out if you have money blocks, think of your childhood. What was your parent's belief about money?
Did you grow up hearing words like “we don't have enough”, “money is scarce”, “things are too difficult”, and so many others?.
If yes, it is possible that you may have adopted some of these beliefs as yours without even knowing it.
Common money blocks that limit your finances
I don't deserve to be rich.
Have you ever thought this or felt this way.
This is actually one of the most common money blocks people experience on a constant basis though it varies from person to person.
Some enter into financial success with this belief while some never make it out of there.
I can't afford it. That's another one that pops up way too often.
Whether it is about buying something you really need or maybe something you really want, this is a common limiting belief and one that prevents people from maintaining their finances.
I'm not smart enough.
This is a money block that is often created early on in life. When you are told over and over again by your parents or teachers at school that you lack certain skills, it sets the stage for this belief.
If you start to believe this way, not only will it affect your financial stability but also other areas of your life as well.
I don't have time for this.
Just like the others, you may not be conscious about how this belief affects your life and your ability to achieve financial success.
But it does so in a big way because when you lack any sense of urgency and obsess over this feeling of “lack of time” it can be impossible for you to consistently make good financial decisions.
Here are some additional ones that you may be saying to yourself and not even be aware of it (I know I am guilty).
#1. I can't take financial responsibility.
When you believe that other people should shoulder your financial burdens, you are already limiting yourself. This money block makes you shift financial responsibilities to a spouse, parents, sibling, other relatives, and even the government.
Believing that you are not ultimately responsible for how your finances turn out automatically places you in a powerless situation.
Your resources become dependent on external sources and not you.
Not taking financial responsibility can be a product of a deeper belief; that you are unable to support and take charge of your finances without external help.
#2. I am not good with money.
Believing you are not good with money is one of the most common money blocks people experience.
This belief may have been formed while you were still a child and you were made to believe you are not good in maths.
It is also possible that because you have made some financial decisions that didn't turn out well in the past, you concluded that you are not good with money.
Whatever the reason for adopting this belief is, with time, it will start to reflect on your actions and subsequently your results.
It is not possible to believe that you are not good with money and still be able to make good financial decisions. Even when you make such financial decisions, you will end up second-guessing yourself.
#3. Giving is better than receiving.
Is it bad to give? Of course no. It would be almost impossible to go through life without at some point giving to family, friends, and even charity.
But it becomes a problem when such giving is excessive.
If you find yourself giving excessively, it could be an indication that you have embraced this belief system which will have an impact on your finances.
While it is important to give especially to those who are in need, over-giving can be depleting. Most giving adventures are not properly planned and are mostly done outside budgeted expenditure.
It may even mean that you will have to dip into your cash reserve to meet up with this. Doing this consistently will slow you down in your journey to financial wellness.
#4. I don't have all it takes
This self-limiting belief does not just have an impact on your finances but your life generally. It is this belief that sponsors lack and self-doubt.
Subconsciously, you may have come to believe that you do not deserve to live in abundance because of perceived shortcomings.
This shows that there is a lack of self-value. If you look down on yourself and don't value and appreciate who you are, it reflects even in your finances. Money flows where there is value.
#5. Money is unethical or bad
A lot of people believe different things when it comes to wealth. You hear words like ” money is the root of all evil”, “rich people are oppressive”, or “rich people are greedy”.
Hearing statements like these consistently or staying with people that believe this can make you develop this money block. Wealth should not be associated with selfishness nor does money make people greedy.
When people become wealthy, it doesn't mean they took more than their share out of life to the detriment of others. Ethics are in themselves very vital.
But wealth and ethics are not correlated. When someone is wealthy, it doesn't mean that they are greedy, unethical, or bad.
This outlook towards wealth and wealthy people will make you develop resentment towards both.
This judgment in itself is limiting because you wouldn't want to be found doing the same thing you condemn so you will most likely move in a different direction.
Believing that the wealthy are unethical and undeserving is an easy way of building walls around you that prevents money from coming to you.
#6. I don't attract good things
You attract what you believe. When you have low expectations about your life and finance, abundance becomes unattainable. Low expectations will always lead to uncertainty.
Whatever you give your attention to increases. If you spend time thinking of abundance, in time, you will begin to experience abundance.
On the other hand, if a large part of your mind is filled with self-defeating thoughts, it will most likely reflect in your daily living.
How do I stop money blocks?
It's important to remember that you are in control of your money mindset, and it is up to you how much money blocks affect your life – or don't.
That means that if you want to break free from the cycle of negative thoughts about money, there are things you can do.
Go all out in your quest to build up confidence in your money managing capability. One of the factors that affect financial confidence is knowledge.
Get financial knowledge. There are so many resources out there that can help you to research and learn. You can start with this list of some of my favorite personal finance books.
If it seems overwhelming it is ok to ask for help. However, make sure that you take the time to really educate yourself and build confidence so that you feel good about your financial decisions.
Take out time weekly to go through your bank balances and consciously build money management into your daily routine. Become comfortable with financial matters.
Be willing to also receive from others and not just give
For most people, getting to embrace receiving will be quite difficult. This can be traced to the fact that it takes a level of vulnerability to be at the receiving end.
You can start improving on your receptibility by learning to accept little things like compliments.
When was the last time you accepted compliments from people without joking about it or brushing it off? That can be seen as rejecting what was given to you.
No matter how your mind may cringe at the mere thought of receiving from people, practice how to accept. This will help to bring balance to your giving.
Learn to smile and fully accept whatever is being offered while showing gratitude for it.
Learn to value yourself
How do you learn to value yourself? You could write about how you added value to someone's day or met someone's needs.
Another thing that would help is keeping a daily value journal, where you think and write about at least one thing you value about yourself.
Whenever acts of kindness are mentioned, there is a tendency to begin to consider big things. But an act of kindness can be something as simple as giving a smile or a sincere encouragement.
It doesn't have to be elaborate before it can be considered big.
When you become mindful and start recognizing these little ways that you have been able to add value to others, it becomes easy to value yourself.
This will even help you to identify opportunities and use your skill in solving problems and growing your career.
Because money flows in the direction of value, your finances will also improve greatly as people recognize and pay for the value you are bringing to the table.
Attach the price to your services based on value not feeling
Let's assume that you are offering services to people. You need to first recognize the value of what you are offering and attach a price to it based on the value.
Undervaluing and underpricing yourself will work against your financial and general well-being.
Recognizing this value and pricing it accordingly does not make you greedy or selfish. It just shows that you know your worth and people are willing to pay for value.
When you give out value (services) you get value (money). That is what the wealthy do.
By valuing what you can offer in terms of skills and offering it at a price that is equal to its value, you are adding value to another's life.
Whatever you are paid for the service rendered becomes a form of value to you while the service you rendered is valuable to your client.
Instead of being unethical, the exchange of value for value is very ethical because you are giving something to receive something.
Always expect abundance
If you believe in the law of attraction, you will agree that what happens around you is most times the reflection of your dominant thoughts.
What this means is that if you focus on prosperity, it will come. The expectancy theory also shows that you get what you expect. So the question is “what are your expectations”?
If you set your financial expectations so high, you are setting yourself up for prosperity and abundance. The opposite is the case when your expectations are low.
So, when next you set your goals, write down how much you want to have within a specific time frame.
Why is it important to release money blocks?
Money blocks are like a virus that keeps spreading and eating away at your finances. They not only affect how much you earn and how you earn it but also your attitude towards money and people.
When you release money blocks, manifesting financial abundance becomes very easy. The overall stress associated with finances is also greatly reduced allowing you to live a more fulfilled and happy life.
How do I unblock money energy?
In order to unblock money energy, you first need to identify what is holding you back.
Just remember, money blocks are simply series of thoughts, a mindset, or feeling that gets in the way of financial success.
They can range from worrying about not making enough money to being fearful of the future.
The truth is, everyone has at least one money block and it's time to break free by recognizing what's holding you back!
There are many ways that one may experience a money block: fear of investing or fear of running out of cash for example. (Any of these sound familiar).
However, if you identify which type of blockage you have and release it through meditation, visualization exercises, or even talking with someone who understands these things then your prosperity will flow much easier than before!
Here are some things you can do to help you along the way.
#1. Make daily affirmations.
Financial success has been said to the first start with the mind. What affirmation does is to gradually recondition your mind to begin to believe what is being said as the true state of things.
Affirm to yourself daily that you dwell in abundance and refuse every form of lack.
#2. Speak positive words about your finances.
Words indeed have power. There is an energy that is released into the atmosphere each time you say something about your finances. The universe will bring to you what you speak into it.
So, instead of saying ” I can't afford this” or ” I am broke”, you can start by saying “it's not in my budget right now, however, I am working on it”.
Generosity is a vital key for unlocking your money energy. Don't confuse wastefulness for generosity. Learn where to draw the line. The saying that givers never lack has proven to be true.
Changing your beliefs about money can take a while. This could be because you have spent a considerable part of your life holding onto those beliefs.
But you can start one day at a time. Good luck to you on the journey to abundance. You got this!