The Major Obstacles To Financial Freedom & How To Overcome Them

There are many major mental obstacles that deter financial success. The most common reason is that some people believe, for whatever reason, that they don’t deserve to be rich. Now, I know some of you may be asking, why is that?

Some people, including myself, have been raised with a steady drumbeat of destructive criticism. This has led them to conclude, at an unconscious level, that they don’t deserve to be successful and happy.

Of course, this is untrue. Yet, this negative way of thinking can lead to destructive financial habits. These habits can be hard to break.

Negative experiences in childhood, which are all too common, can have terrible effects. For example, when people actually do succeed as the result of hard work, they feel guilty.

These guilt feelings then cause them to do things to get rid of the money, to throw it away. They spend it or invest it foolishly. They lend it, lose it or give it away. They engage in self-sabotage. It can come in the form of overeating, excessive drinking, drug usage, marital infidelity and often dramatic personality changes.

To change your results with money, you have to change your attitude toward it. You have to make a habit of seeing money as something positive.

The fact is that money is very much like a lover. It must be courted and coaxed and flattered and treated with care and attention. It gravitates toward people who respect it, value it and are capable of doing worthwhile things with it. It flows through the fingers and flees from people who do not understand it, or who do not take proper care of it.
See Yourself as Deserving of Money

Sometimes people say that they are not very good with money. But being good with money is a skill that anyone can learn through practice.

Usually, saying that one is not very good with money is merely an excuse or a rationalization. The fact is that the person is not very successful or disciplined with money. The person has not learned how to acquire it or to hold on to it.

The starting point of accumulating money is for you to believe in yourself. You have an unlimited capacity to obtain all the money that you will ever need.

Look at yourself as a financial success waiting for a place to happen. And see yourself as deserving all you can acquire.
Money is Essential to Our Lives

Money is good. Money gives you choices and enables you to live your life the way you want to live it. Money opens doors for you that would have been closed in its absence.

But just like anything, an obsession can be hurtful. If a person becomes so preoccupied with money, he may lose sight of the fact that money is merely a tool. If money becomes something used to acquire happiness, then it becomes a harmful thing.

Money is essential to our lives in society. It is also neutral. It is neither good nor bad. It is only the way that it is acquired and the uses to which it is put that determines whether it is helpful or hurtful.
Take Action!

Here are two things you can do immediately to put these ideas into action:

First, recognize and accept that virtually everyone who has money today at one time was broke and probably broke for a long time. Then they learned the skills of accumulating money and they are now financially independent. Whatever they have done, you can probably do as well.

Second, become a student of money from this day forward. Study it, learn about it and apply the lessons you discover toward your own financial life until you begin to attract more and more money in your direction.