Limiting Beliefs About Money and Wealth with Buck Joffrey | PREI 100

Published: May 7, 2018, 7:05 a.m.

b"Thousands of people, despite all their best efforts to succeed, grow, and thrive, end up failing financially. Our subconscious beliefs often work against us, setting up hidden obstacles in the way of achieving what we consciously think we want and blocking the path to our highest potential. It\\u2019s those money and wealth limiting beliefs that hurt us the most. These negative beliefs are the money phrases that we have all heard before and that many of us say consciously or even subconsciously all the time. You need to be careful because of these seemingly harmless phrases about money can interfere with the wealth building process, exactly what you're trying to work towards. Buck Joffrey, an accomplished surgeon, entrepreneur, asset manager, and bestselling author of 7 Secrets of Eternal Wealth, shares the most common limiting beliefs and created a roadmap in his course to help people towards their journey of investing on their own and ultimately financial independence.\\n Learn more about Your Roadmap to Real Wealth.\\n Download your FREE copy of:\\xa0 The Ultimate Guide to Passive Real Estate Investing.\\n ---\\n After working with thousands of investors over the past fourteen years when I'm creating more income, wealth, and freedom, I've seen firsthand that it is our subconscious beliefs that often work against us, setting up hidden obstacles in the way of achieving what we consciously think we want and blocking the path to our highest potential. Thousands of people, despite all their best efforts to succeed and grow and thrive, end up failing financially, feeling hopeless and clueless about what they do differently to bring about a better income.\\n It's the negative beliefs that are the subconscious beliefs that hurt us the most. These negative beliefs are the money phrases that we have all heard before and that many of us say consciously or even subconsciously all the time. You need to be careful. Some of these seemingly harmless phrases about money can interfere with the wealth building process, exactly what you're trying to work towards. Here're some of the most popular phrases about money that you hear other people say, maybe you say these yourself. The first one is \\u201cIt takes money to make money.\\u201d This phrase is limiting at best and destructive at worst. How about this one? \\u201cMoney doesn't grow on trees.\\u201d This belief sets people up to believe that money is scarce and difficult to earn instead of seeing money as being abundant, which it is. Here's another one, \\u201cAnother day, another dollar.\\u201d How often have you heard that one? \\u201cThe masses trade time for money.\\u201d This creates the belief that making money is a linear process directly connected to time.\\n How about, \\u201cMoney is the root of all evil?\\u201d The real thing is the love of money is the root of all evil, but it has been misquoted so often for centuries that most people believe money itself is the root of all evil. It is not. \\u201cA penny saved is a penny earned.\\u201d There's a classic. This is a very dangerous belief as it puts a major emphasis on saving, and saving in itself is not bad, but the masses are so focused on clipping coupons and living frugally that they missed the major opportunities around them. \\u201cMoney can't buy you happiness.\\u201d I've heard family members say this in the past. You don't get rich to get happier. You get rich for the financial freedom and time freedom that it brings you. If you're unhappy without money, guess what? You're not going to be happy when you have lots of it. Selfishness is a virtue. The masses are programmed from an early age to put the needs of others before their own.\\n That sounds like a spiritual thing, a spirit-driven philosophy, it's the worst advice you can get when it comes to money because once you acquire wealth, then you can volunteer your time and give back to charity. It's all about being, doing, having, and then giving. What about more money and more problems? Another myth. Another myth among the masses is the idea that millionaires are"