Money is a necessity of life. It is what is used in exchange for almost everything. Indeed, access to many things is dependent on how much purchasing power (money) one has. No wonder even the Holy Bible says money is a defence, and it answers all things. Sadly, many people today have been tied down with philosophical ideas and beliefs that keep them poor in perpetuity. Breaking away from these beliefs is less about luck and more about rewiring how one thinks, decides, and acts around money. Many of these beliefs, which in any case are not true, are obtained from family, culture, and religion. This article seeks to present to you a practical set of steps to help you break free from such beliefs. 

1. Fish out the hidden money beliefs you carry

One key thing, which is the foundation to solving this, is the ability to identify some of the beliefs you hold dear.  This is because you can’t change what you haven’t identified. For instance, there are common limiting beliefs that thwart the progress of many. Beliefs such as money is the root of all evil, rich people are greedy or dishonest, people like me don’t get wealthy, and if I have money, people will exploit me. After identifying that, you can now ask yourself the difficult questions: Who taught me this? Is this always true? Which person do I know who disproves this belief?

2. Learn the language of money

Money has its own language, but unfortunately, many people are unaware of that. But understanding the language or being financially literate is crucial to achieving financial independence, as it enables you to make informed decisions.  The truth is, you cannot escape poverty while being financially illiterate. For instance, understanding concepts such as budgeting, assets vs liabilities, good debt vs bad debt, investment, among others, are all languages of money that must be understood and applied in one’s life. So in essence, understanding money is more powerful than even earning more money.

3. Stop glorifying struggle

One other thing that is quite pronounced among Ghanaians, if not Africans in general, is that many people turn to glorify their struggles. They make statements and act in ways that tell that they are unconsciously worshiping their suffering. For example, you often hear statements like, as long as I’m surviving, I’m okay, hard life builds character, man must suffer, God wants us to be content with whatever we have and others. All these beliefs have kept many people from taking actions to improve their financial circumstances. Hence, people have to free themselves from such limiting belief systems to prosper financially. 

4. Change your financial environment

There is an adage that says the caliber of people you surround yourself with determines who you become in life. It’s also true that to some extent, character is contagious. For instance, if you always surround yourself with people who like unplanned borrowing, criticizing ambition, seeing wealth as luck rather than hard work,  or celebrating spending more than saving, you are more likely to have that limiting belief, which will eventually affect how you perceive wealth. Therefore, it is crucial to intentionally expose yourself to purpose-driven professionals like investors, entrepreneurs, builders, etc to help you grow beyond self-limiting beliefs.

5. Shift from income thinking to value creation

The last but important belief to watch out for is to stop thinking only of earning income to generate value. Income can help you pay bills, but value will build wealth. The people with limiting-beliefs focus on how much they can earn, while people who want to build wealth think about the problems they can solve, what skills can be scaled up, and who is willing to pay for the solution they intend to build. 

To conclude, breaking free from poverty starts with changing how we think about money. When we stop glorifying struggle, learn how money works, and focus on creating value, we open ourselves to growth and opportunity. Financial freedom is not about luck; it is about making informed and intentional decisions.

If you are ready to take that next step, the right financial support can make all the difference. Whether you want to grow your business, invest in a skill, or stabilize your finances, access to capital can help you move forward.

Apply for a loan with us today and turn your plans into progress.
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