Five Common Wealth Building Mental Blocks and How to Overcome Them

Have you been feeling that you’re stuck in a cycle and can’t move forward on your wealth-building journey? You may have experienced one of the common wealth mental blocks that a lot of us deal with.

In this episode, I tackle 5 common mental blocks preventing us from building long-term wealth and share resources to overcome them.

1. The Scarcity Mindset - you believe that resources and wealth are limited.
2. Fear of Becoming Wealthy - you fear success or doubt your capabilities.
3. Fear of Failure - avoid risks that lead to your missed opportunities.
4. The Comparison Trap - you constantly compare yourself to others which leads to feelings of inadequacy.
5. Lack of Long-Term Plan - you prioritize short-term pleasure over long-term goals which hinders wealth-building.

• Recommended books and articles to overcome mental blocks

Dreamers' Wealth of Wisdom 

• The thing with the scarcity mindset is if you don't acknowledge it and deal with it and recognize it, it can lead to even earning less money.
• Focus on delivering the best quality that you can so that you can command those prices.
• I would rather try and fail than not try years down the road you wish you had.
• Spend money on the things that we care about, that add value to our lives.
• Short-term things should come after investing in your future and your retirement.
• The lack of long-term planning translates to putting too much emphasis on saving.

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