Welcome to the “Money Lies” series here on the wildly popular JosephSangl.com. In this series, I will be sharing many common money lies that people believe.
MONEY LIE #3: I’ve made too many financial mistakes to win with money.
This is one of the most common lies that people tell themselves. The believe that because they’ve … (insert financial mistake here – declared bankruptcy, had their car repo’d, run up a pile of medical bills without health insurance, are way upside down on a home, had a business fail, etc.) … then it is not possible for them to win with money.
Let me respond to this with one word: “FALSE!”
You CAN win with your money – regardless of financial mistakes you’ve made. Don’t let past mistakes and your current situation control the rest of your life!
Here’s what I know to be TRUE: If you deal with the issues NOW, the problems you are currently facing won’t even be able to be seen in your rear view mirror two years from now.
Many people respond to me with a statement that starts with “But Joe …” and then they provide all of the reasons (excuses) why they can’t make progress.
If you’ve been believing this Money Lie, then here are some practical steps you can take to begin winning again:
- Clarify your actual financial situation. Many people who believe this money lie become overwhelmed, throw their hands up in the air, and give up. As a result, they no longer have a firm grasp on the truth of their financial situation. Here are two tools that can help big time: Budget & Debt Freedom Date Calculator. They are both FREE right HERE. A budget will help you understand your monthly situation. The debt freedom date calculator will help you understand your overall financial indebtedness.
- Have “I CAN DO THIS!” printed on a card and put it where you can see it. I encourage you to put Philippians 4:13 on it as well.
- Make a decision to “make tough decisions” and TELL SOMEONE about the decision. There are few things in life that will help you get tough decisions implemented like implementing accountability with someone you love and trust.
- Gain wisdom. Get wisdom from people you know that have won with money. Buy books from all the financial teachers (at least the ones that have actually won with their money – there are quite a few broke financial advisers out there). Read one book per month on personal finances for the next year. Start with I Was Broke. Now I’m Not. (mine – it’s how I won with money). Then read Dave Ramsey’s Financial Peace, Revisited. After you read those two, send me an email and ask for the next reading assignment – I have a list of more than 40 books you need to read!
Read the entire series (available after 2/20/2013)