How to overcome limiting beliefs

Everyone has that one dream that they will achieve someday, or when they have time or after they get married, etc.   Does this sound like you?  This is something I think all of us face at some point in our lives, and if these limiting beliefs are stopping you from pursuing your dreams then how do you overcome them.   First, lets determine what common things may be getting in your way and need to be overcome.

You are:

  1. Making excuses
  2. Procrastinating
  3. Worrying about mistakes or failure
  4. Trying to be perfect
  5. Hesitating
  6. Thinking negatively
  7. Complaining
  8. Forming bad habits

For example, you have a goal of purchasing your first rental property in the next year.  It may be a very realistic goal, but you may think to yourself.  I don’t know what I am doing and may fail.  Or a year passes and nothing has happened and you say: maybe in another year I will get a property.© LotsaSmiles Photography 2016

Your first step will be to identify what is getting in your way of achieving your goals.  Ask yourself the following questions:

  1. How did I form this belief?
  2. Why can’t I overcome this barrier?
  3. Why do I continue to maintain this belief?
  4. How am I attaining happiness from this belief?

From there you should be able to identify the limiting belief and think differently about it. You may think that you aren’t very committed to the goal, don’t have the time, don’t have the energy, don’t have enough money or need more skills to accomplish it.  You need to instead determine if the goal is important to you and how you can make the time, get the training you need, and reallocate your priorities so that you do have the energy to accomplish it.

Going back to the rental property example, write down the steps you are going to take to accomplish that goal within a year.  Or even challenge yourself to get it done sooner!

Example steps:

  1. Listen to podcasts, read books, network with local investors to overcome the lack of knowledge limitation.
  2. If you don’t have time or energy to dedicate to the goal, find out what is eating up all of your time and decide what is time suckers are absolutely necessary and how you can make the time you need to accomplish your goal.
  3. Money is a tricky one, but if you focus hard on cutting spending or making some extra money on the side, you can have what you need to get started.   You can also look for others who you can borrow or invest with in order to get going sooner.  There usually are ways to either find money or do this with little or no money out of your pocket.  Be creative!

Think about the consequences of holding on to your limiting beliefs to help you transform your thoughts to work towards your desired outcome.  The simple step of changing, I can’t, with how can I, can really help you shift your focus.  You may regret it later down the road if you never overcome your limiting beliefs.  Step out of your box, discover your dreams and make them happen!

Take back your passion!  Please leave comments of your own experiences below.  

Photos by LotsaSmiles Photography

Taking Back Passion

Everyone has that one dream that they will achieve someday, or when they have time or after they get married, etc.   Does this sound like you?  This is something I think all of us face at some point in our lives, and if these limiting beliefs are stopping you from pursuing your dreams then how do you overcome them.   First, lets determine what common things may be getting in your way and need to be overcome.

You are:

  1. Making excuses
  2. Procrastinating
  3. Worrying about mistakes or failure
  4. Trying to be perfect
  5. Hesitating
  6. Thinking negatively
  7. Complaining
  8. Forming bad habits

For example, you have a goal of purchasing your first rental property in the next year.  It may be a very realistic goal, but you may think to yourself.  I don’t know what I am doing and may fail.  Or a year passes and nothing has happened and you say: maybe…

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Taking Back Passion

The typical person has a job that they do every day for a paycheck that seems unfulfilling, boring, stressful, and usually involves a lot of long hours for little recognition.  It takes away from family, hobbies, travel, and other enjoyable activities.  Life in a 5X5 cubicle is commonly a very sedentary  experience with tight deadlines and little time to poke your head up to breathe.  Coffee breaks are filled with donuts and other sugary treats.   Waistlines grow, health declines, and life fulfillment suffers.  You go home feeling tired and have to cook food, take care of kids and eventually go to bed to do it all over again.  Your sleep is wrecked, you’re tired, possibly depressed.

What is the point?  Do you really need the latest BMW and the 3000 sq. foot house on a hill?  Do these things really matter if all your time is spent in a cube?  Do they bring any type of happiness or are they just more things to take your time away from what you really want to be doing?  This all feels like a trap that is difficult to escape.  The trap is set when you have so many bills and obligations that you set yourself up for life long misery.

According to this Gallup poll, 31.5% of employees are engaged in their jobs.  I find myself growing more tired of it the longer i am in the workforce.   I’d rather be writing this blog or wearing a Darth Vader suit in the streets of Portland.  Below are some ways to get out of the grind.

1.  Passive income

Find what you are passionate about and see if there is a way to monetize it.  If you can’t monetize your passion, find a way to replace your job with passive income so you have time for your passions.  Here is a link to a site with many options to make money without the 9-5 job.  They will very likely involve a lot of hard work to get going, but once you do the checks should start coming in.  There is no such thing as easy money without work unless you inherit it.  I’d recommend getting this going while working until you have enough passive income to replace your income or a lower level of income that is sufficient to pursue your dreams.

2.  Stop wasteful spending

We are a consumerist society that just has to spend every last dime of their paycheck and live to that standard, and many times beyond with debt.  These actions tend to enslave you.  As I mentioned, you don’t need the latest model car when a 5 year old car may be in like-new condition and 2/3 the cost.  Take time to really dig into every expense you have and see if you can reduce it.  A big example I know of is cable TV.  With netflix, hulu and other streaming sites, I can watch shows nearly commercial free and do not need cable.  I don’t have to be up to the latest episode of anything and quite frankly, too much TV can keep you from your passions as well.  Eliminating the cable bill is huge.

Do you rent?  If so you may likely be paying someone else to get rich.  Flip the coin on that and buy a rental property with multiple units, live in one  and have the other units pay your rent.  The term I have heard used for this activity is “house hacking”.  I plan to take this step as soon as I have my down payment.  The great thing is you can use an FHA loan if you are living in it, so you can have a lower down payment.  With lower rent, you won’t need as much income.  See this article from biggerpockets.com if you aren intersted in learning more about house hacking.

Tell us about your own experiences in the comments, we would love to hear from you!