19 prejudices that prevent you from getting rich

When there is enough money from paycheck to paycheck, people often blame everyone and everything around for this: an unfair boss, envious colleagues, high taxes and prices, and the state in general. But the responsibility for financial well-being lies with the person himself. And if you can’t change the circumstances, you can work on yourself. Financial coach Alfio Bardolla, in his book Money Brings Happiness, analyzed the classic beliefs that prevent people from improving their situation.

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1. It takes money to make money

[…] This has long been my limiting belief. In fact, 90% of people with liquid assets over a million euros started from scratch.

2. I can't change a thing because I can't do without the money I make

Some of the biggest companies were created in the garage at home and in their spare time: Apple, Hewlett-Packard, Tecnogym, books about Harry Potter, which have sold 250 million copies, allowing the author to amass a fortune in excess of a billion dollars. If you really want to change and your motivation is strong enough, the path will never be a problem.

3. To become rich, you need to study

My research has found no relationship between wealth and level education. In fact, when you go to the bank, you are not asked to show your high school diploma, but your financial situation, which is a sign that your financial achievements are more important than school grades.

4. If I become rich, I will become greedy and materialistic

Money does not transform people, but enhances their characteristics. If you are already greedy, then when you become rich, you will become even greedier. Likewise, if you are inclined to help others, you will do better with your own money. because money does not buy kind words, it buys care, medical care, a roof over your head, food.

Material and spiritual help is of great importance. Mother Teresa of Calcutta died with a fortune of millions of dollars and was able to help so many people because she knew how to accumulate, manage and manage a lot of money.

5. I do not need to become an entrepreneur or an investor, my job will take care of my financial well-being

The truth is that you have to become either an entrepreneur or an investor. Often people consciously or unconsciously think that the path to their financial well-being is Work. Less than 1% of those who work will become financially free, such as athletes, musicians, actors or CEOs of large companies. Those who do not develop entrepreneurial skills or investment potential will not be able to become financially independent.

6. I do not need and do not want to become rich, I am satisfied with what I have

The truth is that you have no idea what you will need in the future. What will happen to you and your loved ones if you lose your job? What if you are not prepared financially?

7. It doesn't matter if I want or can get rich, I just can't handle it

Check your "transparent" beliefs: what do you think about your ability to learn? Remember that on the road to wealth, just like learning to ride a bike, you fall, get up again until you learn how to balance. Read books about money, biographies millionaires, find a person who became rich, ask how he did it, and learn from him.

8. Investing is risky

Investing by definition is not risky. If you look up the dictionary definition of the word "investment", you will find the following: "The use of capital for the purpose of making a profit." As you can see, the word "risk" is missing from the definition. Great investors don't see investing as risky. For them, investing means following rules, repeating patterns that can eliminate, sometimes completely, risk from their investments. In both the real estate market and the financial market, a true investor is someone who can accurately measure risk and identify ways to reduce or even eliminate it.

9. It used to be easier to get rich

Not true! In fact, never before has the world offered such opportunities. grow rich very fast, what offers now. The way to get rich has changed. 30 years ago it was enough to create a good product, put it on the market and wait for revenues, so the real problem was production. Today we have moved from the industrial age to the information age. The owner of information resources is the new rich man. Kids who invent websites today will be able to create companies that can compete in the world market on a par with the largest giants not today tomorrow.

10. I'm not that old anymore. My time has passed

In fact, young and old people have the same chances of becoming rich. The only real problem is that the older people get, the more they tend to stay in their comfort zone. They are less willing to make mistakes because they don't want to feel stupid.

11. I am a woman

Men always have to interpret what they are told and adapt it to their situation, and this often results in them not following the rules. In my experience as a financial coach, women compared to men, one thing is missing: the male ego. This enables them to follow the rules we lay out in our courses better than men, and they are usually more precise and persistent. In addition, they usually have better communication skills than men, and we tend to trust women more than men in negotiations.

12. I'm too young

In the US, I have seen 14-year-olds invest in the financial market like professionals and achieve results that even the best managers sometimes do not achieve, as if it were a game for them. Youth and, therefore, a small number of limiting beliefs From my own experience, this is only an advantage. Like in sports: the earlier you start exercising, the easier it will be to achieve good results in adulthood.

13. The rich have earned money dishonestly

There are dishonest people among both the poor and the rich. Most rich people have become rich through the use of their intellect, the development of unusual skills, diligent study and self-education. They took the time, developed empowering beliefs, and dedicated themselves to the cause.

14. You have to work hard to earn money

Many people work hard all their lives, but do not earn money. While others work smart for several years and create fortunes that last a lifetime. Money is earned by smart, not hard work.

15. You can't be rich and spiritual at the same time

There is no connection between being able to make money and being a rich person on the inside. Singer Sting and actor Richard Gere are rich and famous. But they are also known to have great spirituality.

16. Money can't buy happiness

If the reason to become rich and have a lot of money stems from negative emotions such as fear, anger, the need to prove something to oneself, wealth certainly will not bring happiness. But money can help create positive emotions, experience magical moments. Imagine being able to take your parents to a place they could never afford, or help peoplewho are in a difficult financial situation. In this case, money makes happy not only those whom you decide to help, but also you.

17. Not everyone can be rich

Making money is a skill like riding a bike or public speaking: it can be learned and taught. It takes time, technique and focus. Getting rich requires a real learning process.

18. If it's so easy, why isn't everyone rich?

Because people lazy and they want to get everything ready. They don't study money, they have limiting beliefs, they lack the discipline and desire to grow and educate themselves, and they don't know how to manage their moods and emotions.

19. I have no time

In fact, this is not only a limiting belief, but also an excuse. If you are not yet rich, then the activities that you are engaged in and that take up all your time most likely will not lead you to financial well-being. Therefore, you should devote your time to what is really valuable, and give up unimportant activities.

Alfio Bardolla founded his first company at the age of 19. True, it turned out to be much more difficult to manage than he expected, and it had to be closed. But it was through overcoming difficulties, getting rid of debt and working with business professionals that the author learned to keep money under control. In his book, he discusses the value financial freedom and proposes specific strategies to help achieve it.

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