The 5 Money Myths That Are Keeping You Broke, Sis
Have you ever wondered why it seems as if you can never catch a break financially? Or do you find yourself complaining that you're "broke" more times than you would like to admit?
I want to let you in on a little secret: your money mindset plays a major role in the overall success of your finances.
Those myths that you keep telling yourself, and believe to be true, may be what's holding you back, boo. Most times you're thinking these things on a subconscious level and may not even realize the damage that's being done. But once you gain clarity and call out your limiting beliefs for what they are, you'll finally be able to break free and reach new levels financially.
Let's dig into a few myths that have a direct impact on your money and are keeping you BROKE.
1.“Money is the root of all evil.”
Nah, this right here is a straight up LIE! The truth is this: the LOVE OF MONEY is the root of all evil. When you think that money is the root of all evil, you're limiting yourself from keeping money, as well as receiving more of it. Without even knowing it, you might be scared of going after opportunities that will get you to the money.
Think about it. How can money be evil? Money is simply a resource that we control. Instead of believing and saying that money is the root of all evil, replace it with this supporting belief instead: "Money is a resource and a means to do good and live well."
2."I'm broke."
Broke is a mindset boo. Your financial situation is shaped by how you think about money, which influences how you manage your money. Guess what? If you keep crying that you're broke, you're going to remain that way. All you are doing is reinforcing that limiting belief into the universe and your actions aren't gonna line up with what you need to do in order to get ahead.
It's imperative that you get a grip on this way of thinking and behaving, or else you'll never be able to break the cycle. I challenge you to think more in terms of abundance and believing that you can be wealthy. Are you up for the challenge?
3."I can afford it."
You say that you can afford that pair of shoes and then turn around and realize that you don't even have enough money for gas the morning after. You can't just look at your checking account balance in the moment and think that everything is all good. Trust me, I've been there. This is where having a clear-cut, written budget comes in handy. A budget is really just a spending/savings plan. It's a strategic system that lets you know how much money is coming in and going out every month.
A budget can:
- Help you understand your financial situation and whether you can really afford something or not.
- Help you save for the things you want and do more of what you enjoy.
- Help you avoid getting caught short by bills you can't pay.
- Help you escape the paycheck to paycheck life.
4."I deserve to treat myself."
GiphyHow many "treats" do you need, sis? If you really sit down and keep it 100 with yourself, do you really deserve those so-called treats? Are you taking care of your responsibilities like you should be? Instead of buying things that you don't need (with money you don't have) and labeling them as a "treat," you should be treating yourself by investing into your future and saving some coins.
If you spend all of the money that you earn instead of saving and investing it, you will never create the financial abundance that you do desire to have. Here's a tip: Try putting both your short-term and long-term savings on auto-pilot so you don't even notice the money that you could be missing. When you don't have to look at it, you aren't tempted by any "excess" that you might have.
5."I need to make more money and then I'll be better with my finances."
If you can't manage the little that you have now, what makes you think that you're gonna be able to manage more money? The more money you make, the more you're gonna spend if you don't get those habits in check early on. You're going to go right back to complaining about your finances and crying that you're still broke and in need of even more money. You'll never be satisfied. There will never be enough money. Remember, there are former millionaires who are struggling out here in these streets because they wanted to live a "fake fancy" lifestyle and ball out of control.
Start by being content with the income that you currently have and handling it with better care. Learn the ins and outs of sound financial management now, so that when you're finally blessed with more, you'll be able to manage it with ease.
I challenge you to start thinking better, which will ultimately lead to you doing better. It's time to prioritize your finances in a way that you haven't done before if you want to level up this year. It's time to activate your discipline. It's time to finally do something different.
Make the commitment to yourself and decide that absolutely nothing's gonna stand in your way of breaking that broke mentality.
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Featured image by Shutterstock
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Kristin Sutton (aka the Money Therapist) is a personal finance and lifestyle blogger/coach over at DebtFreeBlackGirl.com that empowers young women to take control of their finances by changing the way they think about money. As a licensed therapist, her daily mission is to uncover and eliminate the mental roadblocks that hinder people from living the life of their dreams. You can find her on all things social: @DebtFreeBlkGrl
ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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Sheila Rashid's Androgynous Approach To Unisex Clothing Is A Lesson In Embracing Individuality
The ItGirl 100 List is a celebration of 100 Black women who aren’t afraid to pull up their own seats to the table.
For Sheila Rashid, it all started with some free-hand drawings and a few strokes of paint.
The Chicago-based clothing designer and creative director of Sheila Rashid Brand recalls using her spare time in high school to hand paint designs on t-shirts and distressed hoodies, distributing them to classmates as walking billboards for her art.
Rashid sought to pursue fashion design at Columbia College in Chicago but eventually took the self-taught route to build upon her knack for crafting one-of-a-kind, androgynous pieces.
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Thanks to the mentorship of local designers taking her under their wings, Rashid was able to gain valuable experience in putting together collections and creating patterns; equipping her with them with the necessary skills to pursue her own collections.
After two years of living in New York, Rashid returned home to the Chi and uncovered the unique flair she could offer the city. “I moved to New York after that because I wanted to be in the fashion capital world,” she tells xoNecole. “That's when I really got a leg up. I found myself when I moved back to Chicago after moving to New York.”
For the Midwest native, inspiration comes from her time around creative peers and the city’s notorious winters — known to be a main character in many Chicagoans stories. “It's a different perspective and mindset when I'm making stuff because of the weather here,” she explains. “When we get summer, it’s ‘Summertime Chi’ — it's amazing. It's beautiful. Still, I find myself always making clothes that cater to the winter.”
"I moved to New York after that because I wanted to be in the fashion capital world. That's when I really got a leg up. I found myself when I moved back to Chicago after moving to New York.”
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Many designers have a signature aesthetic or theme in their creations. In Rashid’s design story, dancing between the lines of femininity and masculinity is how she’s been able to distinguish herself within the industry. Her androgynous clothing has garnered the eye of celebrities like Zendaya, Chance the Rapper, WNBA star Sydney Colson, and more — showing her range and approach to designs with inclusivity in mind.
“I think I do reflect my own style,” she says. “When I do make pieces, I'm very tomboyish, androgynous. My work is unisex because I feel like everybody can wear it. I cater to everybody and that's how I try to approach my clothes.” From denim to overalls, and color-drenched outerwear, Rashid has mastered the structure of statement pieces that tell a story.
“Each collection, I never know what's going to be the thing I'm going to focus on. I try to reflect my own style and have fun with the storytelling,” she shares. “I look at it more like it's my art in this small way of expressing myself, so it's not that calculated.”
"My work is unisex because I feel like everybody can wear it. I cater to everybody and that's how I try to approach my clothes."
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Still, if you were able to add up all the moments within Rashid’s 20-year career in design, one theme that has multiplied her into becoming an “ItGirl” is her confidence to take up space within the fashion industry as a queer, Black woman. “Being an ItGirl is about being yourself, loving what you do, finding your niche, and mastering that,” she says.
No matter where you are on your ItGirl journey, Rashid says to always remain persistent and never hesitate to share your art with the world. “Don’t give up. Even if it's something small, finish it and don't be afraid to put it out,” she says, “It's about tackling your own fear of feeling like you have to please everybody, but just please yourself, and that's good enough.”
To learn more about the ItGirl 100 List, view the full list here.
Featured image Courtesy