#2: Breaking Limiting Money Beliefs
Have you ever wondered, “Why can’t I save money?” or “Why do I keep living paycheck to paycheck?”
The answer might have something to do with what you believe about money.
In this episode of Wealth Para Todos, I’m breaking down the money beliefs that shaped the first 32 years of my life—and how increasing my financial literacy helped me start thinking differently about saving, investing, debt, income, homeownership, and financial security.
For years, I believed some people were simply born with money and others weren’t. I thought credit cards should be avoided at all costs. I believed the only way to make more money was to work more hours. And I thought buying a home was the path to financial security.
Those beliefs didn’t come out of nowhere. They were shaped by my family, my community, my experiences, and what I had been exposed to.
But they also influenced the financial decisions I was making.
In this episode, we’ll talk about:
- How your money beliefs influence your financial decisions
- Why believing some people are simply “born with money” can keep you from building financial security
- How fear of credit cards and debt can limit your financial options
- Why trading more of your time isn’t the only way to increase your income
- The difference between financial independence and interdependence
- Why buying a home isn’t the only path to building wealth
- How extreme frugality can come at the expense of your wellness
- Why money is meant to be spent, saved, and invested
- How financial literacy can help you challenge limiting beliefs about money
- How to start reframing the money beliefs you grew up with
Your money beliefs are often reinforced by what you’ve heard and observed throughout your life. And when you believe something about money, that belief influences the actions you take—or don’t take—to build wealth.
The good news? Money beliefs can change.
By increasing your financial literacy, exposing yourself to different perspectives, and getting curious about where your beliefs came from, you can begin developing new beliefs that support your financial security.
You don’t have to change everything overnight. Poco a poco, you can learn new ways to save, invest, earn, spend, and build wealth—without sacrificing your wellness along the way.
In this episode:
00:00 Welcome to Wealth Para Todos
00:29 Money Beliefs That Could Be Keeping You Financially Stuck
00:55 The Money Beliefs I Had Before Building Financial Literacy
01:55 Are Some People Just Born With Money?
04:05 Why I Was Afraid of Credit Cards and Debt
06:17 The Belief That More Money Requires More Work
07:56 Financial Independence vs. Interdependence
09:31 Is Buying a Home the Best Path to Financial Security?
11:28 When Frugality Comes at the Expense of Your Wellness
13:50 Money Is Meant to Be Spent, Saved, and Invested
15:05 How to Change Your Money Beliefs
18:56 Financial Literacy, Reflection, and Your Next Steps
Connect with Soledad
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