Posts Tagged ‘limiting beliefs about money’

27 Commonly Held Beliefs About Money That Are Sure To Hold You And Your Kids Back In Life

Saturday, November 8th, 2008

It’s funny some of the things you hear parents say to their children.

Let me explain.

I was waiting behind a mum and her two boys in a check-out line at a supermarket. Like most kids, these boys were trying all sorts of tricks to get their mum to buy some lollies which just so happened to be placed strategically near the check-out.

During their ‘conversation’, I heard the mum say three cliches that relate to limiting beliefs about money and ‘rich people’.

The first one was, “Do you think money grows on trees?”, which was followed by ” Do you think I have money to burn?”

However, the icing on the cake cliche for me was, “Only the rich people can afford those!” AAAHHHHHHH!!

Many of us are aware that the words we say to our kids helps to program them to be poor or rich.

What do you think this mum’s words were programming into her sons’ belief systems?

Anyway, this ‘conversation’ reminded me of John Burley’s book, “Money Secrets of The Rich”. In it, he listed 27 limiting beliefs about money and rich people that many of use were taught at home.

When you were growing up, were you ever taught, told or led to believe any of these?

  1. Money is the ‘root of all evil.’
  2. Rich people are evil.
  3. Money doesn’t grow on trees.
  4. Rich people are greedy and selfish.
  5. Rich people are misers and hoard money.
  6. Rich people never give money to charities or to the church.
  7. To get rich you have to be a crook, a liar, a thief or get lucky.
  8. Rich people are like the TV stars we see playing the roles of the rich.
  9. Money won’t make you happy.
  10. Money isn’t that important anyway.
  11. There are more important things in life than money.
  12. We don’t have a lot of money because we love our children.
  13. If God wanted us to have money, he would give it to us.
  14. You have to work hard to make money.
  15. Having a lot of money could (would) make you a bad person.
  16. If you had a lot of money, you would lose it.
  17. If you had a lot of money, you would get sued or audited.
  18. If you had a lot of money, your friends and family wouldn’t like you any more.
  19. Having a lot of money would be complicated or a hassle.
  20. Having a lot of money would mean that you would have to spend a lot of time watching and protecting it.
  21. The rich keep getting richer and the poor keep getting poorer.
  22. You had better save your pennies for a rainy day.
  23. A good job is the way to become rich.
  24. When you grow up you’ll learn the value of money.
  25. If you went through the Depression like we did . . .
  26. A fool and his money are soon parted.
  27. Clean your plate, children are starving in Africa.

Do any of these clichés sound familiar to you? What effect did they have on you as you were growing up? which one have affected you the most? Which ones do you say to your children?

Here’s what i invite you to do: Leave a comment about the sayings you have used or have heard people say to kids.