The Three Biggest Money Beliefs Holding Us Back

Ever caught yourself thinking, "money is the root of all evil"? Shift gears - research (Smith, 2018) says it's the love of money, not money itself, that leads to trouble. Embrace money as a tool for your goals. Battling the "never enough" mindset? Science (Dweck, 2006) recommends a gratitude shift. Create a finance gratitude journal and watch scarcity thoughts transform into a mindset of abundance. Remember, you've got the power to redefine your relationship with money!

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Hey there, money mavens! Let’s dive into a topic that often lurks in the shadows of our minds – money beliefs. We all have them, and sometimes they can hinder our journey to financial well-being, often having us stuck paycheck to paycheck, worried about our every move. In this article, we’ll explore the three biggest negative beliefs people tend to have about money and how you can break free from them using practical steps backed by science.

Negative Belief #1: “Money is the Root of All Evil”

We’ve all heard the age-old adage, “money is the root of all evil.” But let’s flip the script. Research (Smith, 2018) suggests that it’s the *love* of money that can lead to negative outcomes. Instead of demonizing money, embrace the idea that it’s a tool for achieving your goals and enhancing your life.

Step #1: Redefine Your Relationship with Money

Take a moment to reflect on your beliefs about money. Challenge negative thoughts and reframe them positively. Consider money as a means to create opportunities, support your values, and live a fulfilling life.

Negative Belief #2: “I’ll Never Have Enough Money”

The ‘Scarcity mindset’ can be a real joy-killer. Studies (Dweck, 2006) show that adopting a growth mindset can positively impact various aspects of life, including financial well-being. Instead of dwelling on scarcity, shift your focus to abundance.

Step #2: Practice Gratitude for Financial Abundance

Create a gratitude journal specifically for your finances. Regularly jot down things you appreciate about your financial situation, no matter how small. This simple practice can shift your mindset from lack to abundance, fostering a healthier relationship with money.

Negative Belief #3: “I’m Not Good with Money”

Feeling financially inept can create a self-fulfilling prophecy. Let’s debunk this myth and recognize that everyone can improve their financial literacy and management skills. You don’t have to be a victim if you don’t want to.

Step #3: Educate Yourself and Set Realistic Goals

Take small steps to educate yourself about personal finance. Read books, attend workshops, or consult with a financial advisor. Break down your financial goals into manageable steps, creating a roadmap to success. Setting achievable goals boosts confidence and gradually erases the belief that you’re not good with money.

There you have it, (sh)money warriors! By challenging negative beliefs and adopting a positive mindset, you can reshape your relationship with money. Remember, it’s not about the amount of money you have; it’s about the mindset you bring to your financial journey. Embrace the power of positive thinking, cultivate gratitude, and empower yourself with financial knowledge. Your journey to financial well-being starts with a single step – are you ready to take it?

We hope you take a moment to use this article as a tool of change for you. If you’re struggling with this and concerned about your financial future as a result of some of your money beliefs that you feel are holding you back, DM me, book a FREE call, or email me directly to get your free copy of one of my favorite budgeting tools and journaling rituals that I use daily to improve my overall financial literacy, earning potential and money relationship.

Partnership with money doesn’t have to be this rough. Trust me, you don’t have to be a victim.

Love & light,




Smith, J. R. (2018). The relationship between attitudes towards money and subjective well-being: A meta-analysis. Journal of Positive Psychology, 13(6), 623-635.

Dweck, C. S. (2006). Mindset: The New Psychology of Success. Random House.

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