Common Money Mindset Blocks

When thinking about why you’re not more successful or have a certain level of income, money mindset does not always come to mind. We tend to think that practical strategies and tactics are responsible for our success but that is not always the case. It has been said that 80% of personal finance is about how you think about money and 20% is the practical side.

Today, we’re tackling the topic of money mindset and the common mental blocks we can have around money. Understanding these can clarify why we sometimes feel stuck and reveal paths to greater financial success.

Types of Money Mindset Blocks

Money mindset blocks are beliefs we have around money that prevent us from achieving wealth and prosperity. These blocks can develop over our lifetime and many have their foundation in our childhood.

Some common money beliefs are;

• I’m not good with money
• It’s selfish to want more money
• I can either make money or do what I love to do, not both

Let’s talk about how these beliefs may show up in your life.

Maybe you’ve experienced the paralyzing fear of failure—what if I make a costly mistake? Or perhaps you find yourself undervaluing your services because talking about money feels uncomfortable, or it's tough to ask for what you truly deserve. And then there’s the resistance to change, clinging to outdated habits because they feel safe, despite knowing deep down they don’t serve your current goals.

Impact on Business

These blocks are more than just personal quirks; they have real, tangible effects on your business. Fear can prevent you from pursuing new ventures or expanding your services. Not charging enough makes it hard to sustain your business, let alone grow it. Resisting change can leave you lagging behind and not making the impact you hoped you would. Recognizing and addressing these blocks is crucial for your business’s health and your personal well-being.

So, the action I suggest is to take some time to journal about your money beliefs and the money habits you have in your personal and business life.