DiscoverThe Dreamers PodcastFive Common Wealth Building Mental Blocks and How to Overcome Them
Five Common Wealth Building Mental Blocks and How to Overcome Them

Five Common Wealth Building Mental Blocks and How to Overcome Them

Update: 2023-11-21
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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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Five Common Wealth Building Mental Blocks and How to Overcome Them

Five Common Wealth Building Mental Blocks and How to Overcome Them

Anne-Lyse Wealth