Who would want to read this?

Have you ever wanted to do something and you stop yourself? You think, ‘Eh, I can’t do that.‘ Or you saw somebody do something well, and say, “I can never learn to do something like that.”

It’s called gatekeeping. And we do it to ourselves all the time. Actually, I do it to myself all the time.

I start to write something here, and all these limiting beliefs start flooding my mind. Nah, that topic is stupid. Who would read this crap?

I catch myself, but the moment has passed.

Why do we do it to ourselves?

According to people who specialize in these things, limiting beliefs are a defense mechanism we use to prevent pain, failure, and other negative feelings.

When I was a kid, my parents argued about money. There was never enough of it, and that shaped my worldview. Money is a finite resource. As soon as I started earning my own money, I spent it like it was going out of style.

Money is a finite resource.

I attempted to save money over the 15 or so years I’ve been working, but there was always something — an emergency, a health issue — and I’d find myself back where I started, with negative money. There was never enough money: I lived from paycheck to paycheck, and emergencies got me into debt. Also, let’s not leave out the stupid decisions I made over that decade and a half.

Don’t get me wrong, I knew I had to change something. If I was going to break my family’s pattern, I knew I had to do things differently. The limiting beliefs were still there (Hey, maybe I’m destined to be poor. Maybe I’m not meant for success because I don’t have a degree. I’ve made some extremely idiotic financial decisions, and it’s money I can’t get back.) but I had to at least give it a try.

Receiving mentorship from my boss and reading the books he sent me helped a ton. Many of the books he recommended (mostly about real estate, sales, and leadership) centered around one thing: mindset.

Mindset is very important in success, after all.

We talked a lot about setting goals, taking baby steps to reach those goals, and setting new, bigger, hairier, more audacious goals.

Little by little, my mindset shifted. Money isn’t a finite resource. I don’t have to live from paycheck to paycheck. Emergencies don’t have to get me into debt. Debt is not an insurmountable roadblock. I am not destined to be poor.

I spent a year paying off debt and another year on building an emergency fund. I learned and started to invest.

I still have limiting beliefs. Who’s going to read this?

One step at a time.

How’s your financial health?

When was your last medical check-up? If you’re anything like me, it was probably so long ago that you can barely remember.

I distinctly recall two instances[1] when I actually got off my ass to see a doctor: first, when  I accidentally stepped on a rusty nail, and second, when I overall felt weird and unwell for months.

Another shower thought: why is going past the 30-year old mark like stepping off a cliff, health-wise? Also, you’d think 10 extra years would improve my balance and I’d stop being a klutz — or at least know to look where I trod before I trod — but nope.

Anyway, I do in fact have a point. I went to the doctor the first time because I’m not an idiot and I knew that I needed tetanus  shots. The second time, I had felt miserable for weeks and I didn’t know what was wrong. It bothered me enough that I had to find out.

We usually do know when something is obviously wrong and obviously need to be fixed. We usually also do get that niggling feeling when something is wrong, even when we don’t necessarily know what’s wrong. This can be applied to any aspect of life: physical health, mental/emotional health, and financial health.

When I was younger, I used to “walk it off,” say “malayo sa bituka,” and generally ignore the problem until it magically fixed itself or. . . got way worse. It was with this careless philosophy that I got myself into credit card debt.

Hindsight is 20/20, after all, and now that I know better, I self-assess regularly and see if there’s a problem — obvious signs, not-so-obvious signs — or if there’s anything I can do better.

NerdWallet has a helpful financial health quiz, in case you don’t quite know where to start with your financial health assessment.[2]

Wherever you are in the spectrum, it’s better to know and do something about it vs.  not know and hope that whatever it is, it’ll magically fix itself.

 

Notes:
1. As you may have guessed, I don’t remember exactly when either.
2. There are plenty of these quizzes online! As cheesy as it sounds, knowing is half the battle.