Over 76% of the US population lives paycheck to paycheck. That’s 3 out of every 4 people. The numbers are not much different in the rest of the Western world. No savings and rising debts lead to stress, anxiety, and fear of the future.
Research shows that men save more for retirement on average than women do. They also invest more money and start investing earlier in life. Yet women live longer than men and will need more in savings.
Although money issues are by no means exclusive to women, women have different types of limiting beliefs when it comes to money. These beliefs keep them in stuck in a financial rut.
We cannot truly transform our financial lives unless we deal with the core beliefs which dictate our daily actions.
Here are 3 beliefs that might be keeping you from the kind of abundance you want to experience.
Belief 1: I am not worthy
“Who do you think you are?” You might look around at your family, friends, colleagues who are barely making it financially and think why should be any different.
If you parent didn’t have much money as you were growing up, you may have set that as a standard for yourself. Even when you do have money, you unconsciously find ways to get rid of quickly.
Feeling worthy of wealth is one of the core issues for many women. It runs deep and it’s reinforced by daily self-talk of not being good enough.
You are less than no one. Trust in your own intelligence and your ability to make and keep money. Think like you are worth of the best things in life. Act like someone who is confident.
As you change your thoughts and your actions, results will follow.
Belief 2: I just want to be taken care of
This is a disease contracted in childhood by most of us through fairy tales. I call it the “Damsel syndrome.” Damsel in distress. It’s a prettier word for playing a victim in your own life.
Here are some of the things you might be saying to yourself”
I’m just not good with money. My husband/boyfriend is much better with it. So I let him deal with it.
I’m just not smart that way. I’m not good with numbers.
I’ve never been good with money.
Hey, I’m supposed to be taken care of, right?
Wrong! Handing over your responsibilities sets you up to fail in the long run. No one cares for your financial healthy the way you do. No one!
You are not a victim in your life. You are not helpless. You are perfectly capable of learning to take care of your money. It’s your job to take care of yourself financially. If you don’t, why should anyone else.
Belief 3: I don’t have enough money to take care of it
You might be living paycheck to paycheck and barely covering your bills. You say to yourself, “Only if I had extra money, I would think about saving or investing.” That is not how life works. You do not get a promotion in a job by slacking off so you can really show your talents in the new higher paying job. Nope. You have to first show what you’ve got. That’s what makes you stand out for the promotion.
You do not stand in front of a fireplace and demand heat so you can put wood in after you have the proof of heat. You have to put the wood in first!
You will have money when you take care of what little you have. You wouldn’t continue to give someone gifts if they don’t appreciate the gifts you’ve already given them. The Universe is no different.