Photo by svilen.milev, Wikimedia Commons

“I’m broke.” You probably know a friend or coworker who casually slips that sentence into a conversation on a regular basis. You may even use it yourself.

If you don’t use “I’m broke,” it may be some other self-definition such as “I’m just middle-class,” or “I’m not cut out to be an investor.”

The problem is: If we hold on tightly to these beliefs or self-definitions, are they helping us to be the kind of person that we want to be and to move toward our financial goals?

In other words, does your belief pass the “workability” test? Is what you are saying to yourself making your life richer, fuller, and more meaningful?

Questions to ask yourself include:

  1. If I hold on to this belief, is it motivating me to do the things I really want to do in the financial domain?
  2. If I hold on to this belief, does it point me in the direction of achieving my financial goals?
  3. Is this working to give me financial abundance in my life, or do I need to allow myself to use a different self-definition?

If you belief fails the test, what can you do to create a bit of distance between yourself and that thought? It might be fun to do an experiment to see what happens if you refrain from using that statement in conversation. It may just create enough space for a newer, more workable belief to emerge.

What are some unworkable thoughts that you have heard other people express?