Everyone has some type of fear inside that they need to address. Often someone with a limiting mindset tends to have a fear of failure and even a fear of success that manifests itself as procrastination or even self-sabotage. Let’s talk about some of the ways these fears can cause issues for you and how to overcome them and make progress.
Here are some common symptoms of both the fear of failure and the fear of success manifest.
Fearing the Spotlight.
Not wanting to be in the spotlight. You don’t really want to be that successful because you don’t think you will like being in the spotlight. That’s why up until now you’ve chosen to be behind the scenes.
You are fearful of confrontation and you fear if you get too popular, people will come out of the woodwork and be mean to you and bully you. Taking criticism is hard. But it’s all part of the process of experiencing success.
Imposter Syndrome
Many people walk around feeling as if they are just...
There is something about a business, especially a digital online business, that is truly amazing in that it will start slow and then slowly build and one day (assuming all positive steps were taken), it will gain momentum and take off and people will think you’re an overnight success.
Some people call it the snowball effect. This is a great example of the idea of momentum. Start rolling the snowball in your hands, then as it grows you start rolling it on the ground, it finally gets so heavy that it rolls down the hill alone getting bigger as it goes without your help.
Business can be a lot like that. You start out with every position being filled by you. You do the best you can, slowly building up the business until you can finally hire a bookkeeper, then you bring on a banker, an accountant, and a lawyer. You incorporate your business. You hire a business manager, you find a couple great VAs, and bring on a landing page expert. And it continues. You hire what you need, and...
Aside from feeling as if you’re taking money from other people who may deserve it more, if you have a problem with limiting beliefs you may also think that it’s wrong to earn money when you didn’t work hard for it. That’s another severely limiting mindset that you can break through. The fact is, some of the least taxing work earns the most money. Think about inheritances and interest on investments and savings.
When you have this limiting belief, you will find that you feel guilty if you outsource work to someone and earn off their labor. You feel guilty if you hire a housekeeper to clean up after you and your family. You feel guilty when you pay your affiliates 20,000 dollars but you get to keep 20,000 too for doing “nothing.”
The problem here is that you’ve judged work by its intensity. You think the harder you work, the more you deserve. While that seems logical, it’s not true. You don’t have enough pride in the work that you...
The very best way to change your mindset about anything is to read books, listen to Podcasts, watch YouTube videos, and educate yourself about the topic fully. Read the things you think you disagree with.
Look at their references. Look at the facts from both sides and especially from the side of successful people that you would like to emulate. Understand why you may have been taught something so erroneous and learn the truth from studying successful people that you can feel good emulating.
Read books that feature people you admire who have achieved what you want to achieve and who come from similar or harsher backgrounds. This is going to help you learn the steps they took to overcome their own blocks to finally experience success. Read books about investing, business finance, and more. The more you can surround yourself with financial books that show you the way to success, the better.
Listen to Podcasts about people’s stories from rags to riches. Those are always...
Spending a lifetime learning about scarcity from every single teacher, from your math teacher to your social studies teacher, it’s hard to rid your mind of that lesson to overcome the blocks this can put in your way.
Scarcity involves the idea that there is a shortage of something. It could be anything from food to water to money. It involves the idea that when it comes to some things, some people will get a lot and some people will get less or nothing. You were taught it throughout your education that some things were finite, and that list included gold, diamonds, money, food, water, and land. All these things can easily be seen as limited, especially land, which helps further the myth of scarcity.
First, the truth is, for the most part, scarcity isn’t true. It may be true that there are fresh, clean drinking water shortages in places, but most of the time there is still a solution to that water shortage if only we have the will to find the solution and to implement it...
One way to mitigate poor financial decisions is to put together a team. There is no one on this earth who can know and do everything themselves. When you stay educated, but also hire a team to help you make good decisions, it makes it easier for you to break through almost any financial mindset blockers with their help.
Banker
A good banker can help you with all sorts of information that you may need for your decision-making process. You need a bank that works with the type of business you are in the way you need to do business. Don’t overlook your local banks and bankers. Sometimes local is better and they still have all the technology that online banks have.
Accountant
Every good business needs an accountant. You may also feel that you need a bookkeeper too although many accountants can set you up with mostly automated accounts which may reduce your need for a bookkeeper but it’s up to you. The more people you have watching the money, the better.
Lawyer
You’re...
Did you know that most people earn an average of what their five closest friends earn? In fact, most people never earn a single dollar outside of their parent’s class or their friend’s class even if they work hard in school, make good choices, and go to college. That’s kind of depressing but there are reasons this happens. That’s why, if you really want to get over mindset issues that affect your money, you need to make new friends.
Network with Higher Earners
Go to the kind of events that the higher earners go to. Now, remember you don’t want to break the bank and you want to find out ways to do this without putting yourself in debt. But if you budget for networking with higher earners, it will pay off as your income goes up.
Develop Friendships with Higher Earners
As you get to know people in that network, go ahead and make friends. There is nothing wrong with making friends. Don’t be dishonest with them about your position in life but...
Surely your mom or grandmother has told you the secret to life already, right?
You know, “Fake it ‘till you make it?”
You’ve heard that before, right?
Well, while you want to always ensure every decision you make is based on reality, you can at least give this idea some thought each time you have a decision to make.
Ask yourself, “How would someone with a thriving online business do this?” When you get the answer, figure out how you can do it within your means.
If you don’t believe in this idea, think about the fact that scientists have discovered a few “fake it until you make it” ideas and discovered that the idea of pretending you’re already successful at something works.
It doesn’t really matter what type of mistake you make in life – there is always a lesson to learn from the mistake. The trick is understanding that there is a lesson, finding the lesson, learning it, and figuring out what can be done differently in the future.
Realize You Made a Mistake
Before you can fix anything, you must name it and claim it. Accept the mistake, know that you made it, and be open about that and honest about that with yourself and others. Making mistakes doesn’t make you weak. Imagine if Thomas Edison had given up after every single mistake. No, instead, realize you made the mistake. That’s the first step to learning from it.
Identify the Cause of the Mistake
When you examine the mistake, it’s easy to step back and see the overview of it, but the best way to not make the mistake again is to examine the mistake to the point where you know the exact moment in time that your thoughts sent you to the wrong decision. If you can find that...
The truth is, it’s going to be very difficult for you to delve into yourself to figure out what your money blocks are all alone. It’s not that it cannot be done, but sometimes it’s just not easy to see what’s going on with yourself. Sometimes you really do need someone who is trained to help lead the way for you. You can find this person by looking for a business coach.
You can find all sorts of business coaches today. If you believe you have money mindset issues that you want to deal with, the best coach for you is someone who deals with mindset issues, and you may even find someone who deals specifically with money mindset issues. It’s such a huge problem that it’s not surprising if there are people offering solutions for this very real problem.
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