13 Most Common Limiting Beliefs About Money

By Mia Fox
By Mia Fox

Bestselling Manifestation Book Author of 'Become the CEO of Your Dream Life'

The way we believe about things in our lives determines our relationship with them. This is especially true for our finances. Employing positive money beliefs can change the way abundance and wealth will show up in your life.

The way you think and believe about money is what determined how easy you attract it. Money beliefs can stifle your ability to grow abundance in your life. Here are the 13 most common money limiting beliefs that can keep you from manifesting money successfully:

But before we look at the most common money limiting beliefs, let’s first take a look at what these negative money beliefs actually are and why you should care.

Especially when manifesting money and abundance is your goal.

What Are Limiting Money Beliefs

Almost everyone has a variety of beliefs when it comes to money. These are beliefs from our childhood, implanted by our parents or even teachers, and beliefs that we have acquired ourselves over the years. Thanks to our own experiences.

But these beliefs we hold about money and abundance, are, unfortunately, not always positive.

Our belief system is a protective mechanism in our subconscious mind, which has taken on an important function at some early stage. 

Specifically, to protect us from stupid decisions, to evaluate what is right or wrong, or, even worse, to prevent us from making important decisions. The problem with our beliefs is that they, once embedded in our subconscious mind, remain there and do not change much.

But mostly these old money beliefs are outdated, they were maybe right when we adopted them, but our lives have changed, and we don’t need them anymore.

Or maybe they were never ” truly” useful and actually wrong for us because we simply accepted them blindly from others.

Now we have to check whether we still need them and whether we can give up this subconscious program. So let’s take a look at the most common limiting money beliefs, and then I’ll show you a few tricks to get rid of those negative beliefs.

Money is Scarce

One of the most common money beliefs is that there is not enough for everyone. If you believe that there is not a lot of money to go around, then you will treat it differently.

However, if you understand that there is a vast abundance of resources flowing and all you need to do is position yourself within the right channels, then your actions can quickly change.

You will be more encouraged to go after those dreams and goals because the money comes and goes quickly.

If you find the right idea, people, or product, your financial life could change dramatically in a hurry. Understanding that money is abundant is a crucial mindset shift.


I Am Unworthy

When we accept that we do not deserve something, we inherently stop chasing it. Feelings of unworthiness will repel any chances of abundance coming your way because you will be more likely to self-sabotage.

We do things unconsciously based on our belief systems. If you believe deep down that you are not worthy of abundance, then you will act accordingly.

And, you will be compensated accordingly as well.

Practicing more positive beliefs about money will start to afford you opportunities you never had before.


You Need Money to Make Money

If you already have money to invest, then it becomes easier to make more of it. However, if you don’t yet have the investment money you need, then you need to go out and find it.

Not having the money yourself is not a good enough excuse. You need to understand that there are other people out there with money who are continually searching for new ways to invest it.

They are merely waiting for the right opportunity, idea, or business to come along and allow them to make their money grow. It is up to you to get their attention and allow their money to work for you.


Having Money is Selfish

“Having money is selfish” is one of the most significant self-limiting money beliefs.

Have you ever been invited to donate to something but didn’t have the extra cash hanging around?

Do you have family and friends you wish you could visit more often? Are you frequently in a negative emotional state that may even affect your relationship because of your financial situation?

Money is a tool that we can use to invest in something positive for the world. We can use it to spend time with people we love and create stronger relationships.

Although not everyone with money uses it positively, you certainly could.


More Money = More Problems

One of the oldest common money beliefs is more money, more problems. However, more money means different issues.

When you have no money, you have problems with things like a lack of choice in healthy foods, a lack of choice in where you live, and a lack of career options.

When you have extra money to work with, you have problems like which business do I invest in? How many people is this decision going to impact? Where do I want to go for my next vacation?

You will only have the problems that you create for yourself. Money itself cannot accomplish this on your behalf.


Money Needs to Be Held Onto

Saving is an essential part of growing your wealth. It is what you do with your savings that matter. If money sits in a bank and never has the potential to gain interest, then it will never grow.

There is always some risk of investing money, but the reward is still much larger than the risk.

Cash wants to grow, and you need to learn how to invest it for it to work for you.


I Am Not Good With Money

What you affirm in your life, you will see. If you continue to claim this self-limiting money belief, you will continue to act under this belief.

However, if you changed your belief and you began to believe that you are learning more every day about how money works, You would quickly see a shift in your understanding and ability to increase your wealth.


Money Doesn’t Buy Happiness

True, happiness is not something that can be purchased at the market. However, money does allow you to create lasting experiences in your life. And they will most likely make you happy.

It can allow you to fund projects you’re passionate about, visit places you want to see or free up time to spend with your favorite people.


The Rich Get Richer, and the Poor Get Poorer

Building wealth comes down to the mindsets and actions that are being taken by the people with the money.

The rich get richer because they do what rich people do. Poor people could become rich if they started to do the things that rich people do as well.

Unfortunately, poor people tend to stay poor because they repeat the same actions throughout their lives that continue to create scarcity.

I’ve been there myself. I had no education and just returned from England, after ten years of self-employment. I accepted for a long time that I would never really earn much. At the time, I had a boring job in customer service, but I was grateful to have a job at all.

But then I made a very conscious decision and gave myself permission to succeed. This mindset switch helped me to get my first 6-figure job shortly after. And it did not stop there, in the following years I earned more and more every year.

But between us, it wasn’t only the mindset switch. I had to take action too! I had to change my action, from a poor person’s actions to a successful and rich person’s action.


You Have to Work Hard for Money

Hard work is necessary for pretty much anything in life. Although it may seem like you need to work hard for money, you may be surprised to find out that once you learn how money works, you don’t need to work hard for it at all.

If you spend less than you earn, invest your savings, and continue to educate yourself, then you can multiply your money without doing much extra work.

It is your decision how you want to earn money. I sell my books and workbooks for a living, and since most of my readers are active when I sleep because of the time difference, I earn most of my money while I sleep.

And I love it!  Thanks for stopping by, by the way, without YOU this wouldn’t be possible.

Money wants to grow, and it does so on its own when it is put in the right places.

I Can Either Make Money or Follow My Passion

This ties back into scarcity or lack of mindset. If you see no opportunities, then none will be presented to you.

If you want to be an artist, or a writer, or an actor, and think you need to be poor to do so, then you are stuck in a lack mentality.

There are many ways you can monetize anything in your life if you look for the opportunity.

In the end, it tends to be the people who are passionate about what they do that become abundant from it. When you have passion, you have the willpower and drive necessary to keep going when times are tough.

I Don’t Know Where to Start

Sometimes one of the most common money beliefs we have is a subtle one. It is one that says, “I don’t know where to start.”

Many times we don’t begin a journey of growth because we can’t see the finish line. It is essential to understand that you learn along the way in life. You don’t learn first and then begin.

You need to start asking questions and answering them for yourself along the way. This will help you get started, and you will eventually know so well that you could teach others.

I Have No Self-control

This could mean a lot of things. If you like to spend your money on things that are not contributing to your growth, then you will not have the extra resources you need to put towards your passions.

If you’re in a situation where you currently do not have the extra money you want, then you need to learn to control your unnecessary spending so you can channel that money more effectively.

Changing your personal belief of not having enough self-control to one that says you can control your impulses will give you more power over the ebb and flow of money in your life.


Why is Your Belief System Important When Manifesting Money

Our conscious behavior influences only a tiny part, slightly more than 10%; the rest is controlled by our subconscious.

These beliefs just sneak into our lives through our education but also our own experiences. There is even a whole collection of sayings, shaped by beliefs around money. But whose beliefs are these, and why should we accept them?

We should not.

Neither the limiting money beliefs that others (for example our parents) taught us nor the beliefs that our old self taught us are useful in any way. They are 99% wrong.

For example, it may be true for my parents that they have to work hard for their money. It really was that way all their lives, and maybe it would have been different if they had changed their beliefs.

For me, that’s not true. I had a job once where I brought home a 6 figure income and spent the whole day sitting in the office doing private things like watching youtube videos and reading books.

It was the worst and most boring job I have ever had, but hey, that I had to work hard for the money, I really wouldn’t say.

It is very important that you put your main focus on getting rid of these limiting beliefs about money when you want to attract more of it.


How Do You Overcome Limiting Beliefs About Money

Once these limiting beliefs about money have taken root in your subconscious mind, it takes some work to get rid of them.
 But with the right technique, it is not that difficult.

Here are 4 tips that will help you change your negative and self-limiting money beliefs:

  1. Identify Your Negative Money Beliefs


  2. Challenge Your Negative Money Beliefs


  3. Cultivate Positive Self-Talk and Affirmations Deliberately


  4. Safeguard Your New Positive Thoughts from Negative Money Thoughts


Identify Your Negative Money Beliefs

The most effective way to chase away your negative money beliefs is by starting at the right place. First up, identify each one of your negative money beliefs. I just gave you a list with 13 possible limiting beliefs, but of course, it’s always good to check if you may hold other ones.

Observe your negative money thoughts. Pinpoint each one of them. Contemplate where a specific negative thought came from. Think of who first said that to you. 

Write down all your negative money thoughts one by one. Only after you have this list at hand can you kick-start the process of chasing away all your unprofitable money beliefs.

This list is a game-changer as it will help you disassociate yourself from self-limiting money beliefs that are holding you back. 

Challenge Your Negative Money Beliefs

If you are serious about changing your current views on money, you need to challenge the beliefs you hold. However, challenging beliefs that have taken deep roots can take time. So how to change your view of money?

While your mind is your best asset at most times, it can also be your biggest enemy if you’re not careful. Let me explain that. If you draw wrong conclusions about yourself, these self-limiting beliefs will hurt you terribly. They can prevent you from making meaningful progress and reach your greatest potential. 

So what’s the solution?

Whenever a negative thought about money flashes across your mind, take a moment. Reconsider this thought. Assess the assumption you make about yourself. Perhaps, your assumption could be preventing you from living to your full potential. 

Challenge your assumptions by looking at your circumstance from a fresh perspective. One way to do this would be finding examples of people who are prospering despite living in similar circumstances as you are.

The best approach to challenging your wrong money beliefs is every time a negative money thought revisits your mind, ask yourself the following questions: 

  • What is the evidence for me to think in this way?


  • What is the evidence that contradicts this self-limiting money belief?

  • In what other ways can I interpret this specific thought?

Do you want more help in changing your limiting beliefs? My manifesting book is a great start.

The book itself talks a lot about abundance blocks, such as limiting beliefs, but you can also purchase the PRO version with an additional workbook that comes with over 50 pages of practical exercises to help you identify and eliminate your abundance blocks.

Cultivate Positive Self-Talk and Affirmations Deliberately

Your self-talk influences your subconscious mind profoundly. Hence, it follows that positive self-talk has a positive influence on your subconscious mind. Make a conscious effort to replace the negative money thoughts you’ve adopted with wealth-positive thoughts.

You may not be successful in doing this the first time you try. That’s the reason I said make a conscious effort.

Pay attention to your self-talk that concerns money. With some deliberate effort, you can easily replace negative money thoughts with positive ones.

Here are some examples for you to start with:

  • Negative: The money supply is limited. Positive: In this abundant universe, money flows freely to me.


  • Negative: I am short of money all the time. Positive: I am prosperous at all times.


  • Negative: I don’t deserve to earn more money. Positive: I deserve wealth and prosperity.


  • Negative: Money does not come to me easily. Positive: Money flows to me in abundance.


  • Negative: I am not satisfied with the money I have. Positive: I am grateful for all the money I have.


  • Negative: My salary is not enough. Positive: I love my job, and I am paid well.

Safeguard Your New Positive Thoughts from Negative Money Thoughts

Negative money thoughts can easily return. However, to derive lasting benefits, you need to sustain positive money self-talk over the longer term.

No matter how hard you try to filter the information that gets into your mind, it’s inevitable that you’ll grab some negative money news. And this negativity will instantly reflect in your money thoughts. 

The good news is you control your thoughts. And it’s you who controls the way you think. Remember, one tiny negative money thought can quickly lead to a chain of negative thoughts. 

As soon as a seemingly harmless self-limiting money belief enters your mind, be quick to pounce on it. Pause for a moment. Think positively. Replace the negative thought with a positive one.

Don’t let negative money thoughts invade your mind ever again!  A great tool for this is money affirmation. 


Conclusion About Limiting Money Beliefs

You can rewrite your negative money script at any time. It’s never too late. Firstly, you need to identify your negative thought patterns about money.

Next, explore how changing these self-limiting money beliefs can improve your financial situation for good. From here on, with some serious introspection and commitment, you’ll be ready to take the mindful, deliberate steps that will help you chase away your negative money beliefs forever. 

Because don’t forget, it is all in your head (and in your control!)

As you begin to change your thoughts around money, your subconscious programs will change, and your life will change at the same time.

All you need to do is affirm and believe better, and you will receive what you are looking for.

Limiting money beliefs are a huge topic in my manifesting book. I teach you how you can overcome your abundance blocks, and also how to re-program your subconscious mind.

an image of mia fox bestselling author of the manifestation book become the ceo of your dream life

ABOUT THE AUTHOR: Mia Fox is a bestselling author, founder & CEO of the SelfMadeLadies Community. After a decade as an NLP coach, helping women to overcome their abundance blocks and turning big dreams into reality, she started her manifestation blog in 2018. Since then, she has helped millions of readers with her practical manifesting tips, and wrote her bestselling manifestation book “Become the CEO of Your Dream Life,” which turned into an award-winning transformational program, teaching students in over 222 countries worldwide how they can transform their lives with self-coaching. Read more about Mia Fox here.

iPhone showing guided meditations for manifestation on the display

Don't Leave Empty Handed

Grab My Favorite Guided Meditation Session to Reprogram Your Subconscious Mind & Attract the Life You Love!

© SelfMadeLadies by Mia Fox