Limiting Beliefs Have That Name for a Reason

- - Money Mindset

Have you ever caught yourself doubting your worth, or holding yourself back because of some outside expectation of you? I think most of us have.

I recently found an article on Quora by James Clear about limiting beliefs and how they cause your mind to play tricks on you.

He goes on to explain that people believe certain ideas about the world based on what they’ve learned throughout life.

The example given was that a mother told her daughter she was tom boy, she might start choosing activities that she imagines a tom boy would do. She ultimately goes through life living up (or down, however you look at it) to the mother’s idea of her. 

She’ll seek out tomboy-like activities and keep doing the same things, because that’s who her mother told her she was time and time again. Why would she question that?

It is these limiting beliefs that keep many people from moving forward in life.limiting beliefs quote

Financial Limiting Beliefs

So how does this relate to money? Here are some great everyday examples of how limiting beliefs can affect our financial situation:

– “The rich get richer, and the poor get poorer”
– “I’ve never been good with money”
– “Money is there to be spent”
– “My mother was a big spender, I’m just like her.”

Do any of these sound familiar? These are limiting beliefs that many of us are telling ourselves or have heard before, and may not even realize it.

Your past doesn’t define your present, neither do your genetics.

“If you are born poor, it is not your mistake. But if you die poor, it is your mistake.”Bill Gates

This quote is very powerful and extremely motivating to me.

There are plenty of people who were born poor and are now millionaires. They found a way to turn what they love doing into their work. They figured out a way to go from having nothing, to starting a life for themselves where they could effectively create the outcomes.

I wasn’t necessarily born poor, so why does this motivate me so much?

In a sense, I had it easier in life. There were likely many, many people telling them they would never amount to anything, or that their dreams were foolish. They were presented with heaps of limiting beliefs throughout their lives. Yet they were able to block those thoughts from staying in their mind for too long, and overcame them.

The quote above reminds me that if they can span such a large gap, and go from broke to creating the life of their dreams, why in the world couldn’t you and I do that?

We can beat this debt and do it in a short amount of time. We can start making our other dreams a reality, too.

Overcoming Limiting Beliefs

The best way to overcome these limiting beliefs, is to essentially “unlearn what you believe to be true.” Here are a few ways to do that:

1. Try something new every day
I know you probably hear this a lot, but take yourself out of your comfort zone once in a while. When you’re more scared than you’ve ever been about pushing yourself to do something – those are the moments that effectively have major impacts on our lives. No matter how it turns out, putting yourself outside of your comfort zone is going to make you a better person.

“I never lose, I either win or I learn.” – Unknown

2. Change up your routine
This also has something to do with taking yourself out of your comfort zone, but it’s more to get your mind thinking differently, “new input encourages your brain creatively.”  Even changing one aspect of your day can force you into a more productive style.

After reading the Miracle Morning by Hal Elrod, I’ve changed my morning routing and have found myself to be 3 times as productive as I was before doing so. I now wake up slightly earlier, and get my brain working in a way it never has before – change can be freeing, I promise.

3. Think bigger.
Try doubling and tripling your current goals. Want to pay off those loans in 6 years? What about three years? Can you push yourself to go out and find side income that allows you to pay off your debt twice as fast?

Life isn’t about allowing your subconscious to follow the things that other people think we should be doing. That will make it extremely hard for you to reach any of your goals.

Change your mindset, and beliefs about life to something positive – and start striving to hit those goals you’ve set for yourself, no matter how large.

Allowing limiting beliefs to shape the trajectory of our future would be a very sad sight to see.

If you believe in yourself and take yourself out of those stereotypical, depressing life sayings – watch how quickly you can make bigger and better decisions that positively impact your life. It’s amazing.

What limiting beliefs have you come across lately? Do you find them holding you back from what you want?



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I am Chenell Tull and so far, I've had a pretty rough time with my student loan debt. Recently, I've figured out a more productive "get out of debt" plan and the goal is to pay off over $60k in just 36 months. If you want to learn more, subscribe to the mailing list and get FREE updates on my successes and failures on this journey out of debt. 

  • Cat Alford/ Budget Blonde

    Excellent post and point of view. I definitely agree that too often we let peoples’ perception of us affect our lives forever.

    • Thanks Cat – I think most people don’t even recognize that they’re allowing others thoughts or views about their background to enter their soul so deeply…even if reading about this allows them to recognize this for a split second, that’s a win 🙂

  • Trying something new is a great suggestion and the thing you try new doesn’t even have to be something significantly outside your comfort zone. It can something simple and easy like smiling at everyone you see, even if you don’t know them. Start saying hello to folks and asking about their day, even if it’s someone you probably won’t see again ever. So easy, no downside, but probably something most people don’t do.

    • Yes, when I started smiling at random people on the street, my whole attitude changed…and it’s such a simple thing to do. Plus. every now and then when you turn around you can still tell they are smiling.. that’s really cool. 🙂