What are money blocks and how do they impact your business? You may have come across the phrase money blocks before. And that probably went handin-hand with terms like financial abundance or scarcity mindset. I don't know about you, but I was first introduced to these concepts when I left the corporate world back in 2016 and started consuming online content and reading business books. I had never even heard about these phrases before, and I had no idea about the impact they may have on business. So let me take you through what I learnt over the past few years.
What are money blocks? In very simplistic terms (and I hope the experts will forgive me), money blocks are negative beliefs, thoughts, or habits that we hold true about money. They are negative, and they're called blocks because they stop money from flowing easily into our lives. Money blocks (as the name suggests) can literally prevent us from meeting the financial goals that we've either set for ourselves or that we're too scared to even commit to. The tricky bit with money blocks is that, more often than not, they are subconscious. They're so deeply rooted and buried somewhere inside of us that
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we barely even know they're there. And yet, the stories we've been carrying around about money (often since childhood) can massively influence the day-to-day decisions we make (or don't make) in our businesses.
The things we believe about money Think about the things we often hear about money:
Money doesn't grow on trees. You've got to work hard for your money. Money is the root of all evils.
I'm sure you could think of more. While these are everyday expressions we've all come across that sound innocent enough, they are actually very powerful. We've probably all heard our parents (and even grandparents!) say some of these things when we were little. And what tends to happen is that we internalise these phrases as universal truths. In other words, we believe them. And years on, when we're busy setting up or running our own businesses, we can subconsciously let these facts of life call all the shots. So, for example, if we feel strongly attached to the belief that 'money doesn't grow on trees', we'll develop what's called a scarcity mindset, whereby we'll believe that money is never enough. As a result, we'll concentrate on not spending money, and when faced with the opportunity to invest in ourselves or our business, we may decide not to, for fear of running out of money. Plus, if we genuinely feel that making money isn't easy, we may end up not feeling worthy
