All Press Releases for May 31, 2014

3 Financial Myths You Should Ignore To Achieve Financial Freedom

You can improve your financial status when you have the right mindset. By ignoring these three common financial beliefs and not letting them hold you back, you are well on your way to ultimately achieving that financial freedom.

You can improve your financial status when you have the right mindset.

    GERALDTON, AUSTRALIA, May 31, 2014 /24-7PressRelease/ -- Don't Let These Financial Myths Hold You Back!

It's no secret that a major part of world population is distressed when it comes to money. Others are classified under middle-class. Only a small percentage of people are classified as financially rich and even fewer are those who are earning six to seven figures each month.

The fact there are some people who were able to make it despite the odds stacked against them shows that each one of us has equal chance of achieving financial success. It's just a matter of having the right mindset and unfortunately, most of us have the misguided beliefs about money. In this article, I will discuss a few myths that might be holding you back from financial freedom.

Depending On Others For Financial Gain: Here's the thing, whether consciously or unconsciously, we expect others to help us out when we want to improve our financial status. We usually trust someone to control our finances for one reason or another. The problem with this is that an irresponsible person will become even more irresponsible if they continue to let others handle their affairs. Don't be afraid to take responsibility for your own finances. Don't count on others to control your finances to the point where you are not sure where the money is going!

I Can't Do It - The root of failure starts with the "I Can't Do It" mindset. Success starts with believing in yourself. Self-belief turns our actions into reality. Don't let self-doubt hold you back, find different ways to improve your self-esteem. Start small, open a savings account and regularly check the movement of your money. Ensure what you are depositing in your account is always bigger than what you take out. Appreciate every small achievement that you make and congratulate yourself for a job well done.

Every once in a while treat yourself to something simple like buying a new shirt, this way you don't feel like you are depriving yourself too much. You will notice the improvement in your financial status sooner than you think if you religiously pay attention to the transactions of your bank account.

Money is Evil - Money is not the root of evil, people with evil intentions are the root of evil. You can use money to help others and that in itself, can make you a contributing member of the society.

Most people perceive the rich as selfish, evil people who take advantage of the naive people. However, did we ever stop to think about the long hours and hard work it took to be where they are now? The sacrifices they had to make?

Believe that you can achieve financial freedom and you will get it. Believe in yourself and that's half the battle won. The mind is such an amazing tool, it can help achieve amazing things, including all our financial goals. It's just a matter of applying yourself and not letting fear or self-doubt take over.

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Melissa Simpson
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