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Home Personal Finance

What You Need to Know About Limiting Beliefs and How to Overcome Them

Joseph Okonkwo by Joseph Okonkwo
April 29, 2023
in Personal Finance
Reading Time: 9 mins read
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A person breaking free from chains (limiting beliefs)
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Introduction

Have you ever thought that you are not good enough, smart enough, or capable enough to do something? Have you ever doubted your abilities, your worthiness, or your potential? Have you ever felt that you are stuck in a situation that you cannot change or improve? If you answered yes to any of these questions, chances are you have limiting beliefs.

Limiting beliefs are negative thoughts or assumptions that hold us back from achieving our goals or living our full potential. They are like invisible chains that keep us in our comfort zone, where we feel safe and familiar, but also where we miss out on opportunities, growth, and happiness. Limiting beliefs can affect every aspect of our lives, from our career and finances, to our health and relationships, to our self-esteem and happiness.

But why are limiting beliefs so powerful? How do they form and why do they have so much influence over us? And most importantly, how can we overcome them and achieve our goals? In this blog post, we will explore the psychology of limiting beliefs, how they form and why they have so much power over us. We will also provide some tips on how to overcome them and achieve our goals.

a lady holding a brain with different colors

The Different Types of Limiting Beliefs

Limiting beliefs can be categorized into different types, depending on what aspect of ourselves or our lives they affect. Some of the most common types of limiting beliefs are:

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  • Ability limiting beliefs: These are beliefs that make us doubt our skills, talents, or competencies. For example, “I can’t do this”, “I’m not good at this”, “I don’t have what it takes”, etc.
  • Worthiness limiting beliefs: These are beliefs that make us question our value, our deservingness, or our lovability. For example, “I’m not worthy of this”, “I don’t deserve this”, “I’m not lovable”, etc.
  • Possibility limiting beliefs: These are beliefs that make us see the world as limited, scarce, or hostile. For example, “It’s too hard”, “It’s too late”, “It’s not possible”, etc.
  • Expectation limiting beliefs: These are beliefs that make us lower our standards, our goals, or our dreams. For example, “This is the best I can do”, “This is good enough”, “This is all I can hope for”, etc.
  • Identity limiting beliefs: These are beliefs that make us define ourselves in a negative, rigid, or fixed way. For example, “I’m a failure”, “I’m a loser”, “I’m a quitter”, etc.

These types of limiting beliefs can overlap and reinforce each other, creating a negative self-image and a pessimistic outlook on life. They can also prevent us from seeing our strengths, our opportunities, and our potential.

How Limiting Beliefs Form

Limiting beliefs are not innate or natural. They are learned and acquired through various sources and experiences throughout our lives. Some of the most common sources and causes of limiting beliefs are:

  • Past experiences: Our past experiences can shape our beliefs about ourselves and the world. If we have experienced failure, rejection, trauma, or abuse in the past, we might develop limiting beliefs that make us feel unworthy, incapable, or unsafe. For example, if we failed a test in school, we might believe that we are not smart enough to succeed academically. If we were rejected by someone we liked, we might believe that we are not attractive enough to find love.
  • Social conditioning: Our social environment can also influence our beliefs about ourselves and the world. If we grew up in a family, a culture, or a society that had certain expectations, norms, or values that were different from ours, we might develop limiting beliefs that make us feel inadequate, different, or wrong. For example, if we grew up in a family that valued money and status over happiness and fulfillment, we might believe that we have to work hard and sacrifice ourselves to be successful and respected. If we grew up in a culture that discriminated against certain groups of people based on their gender, race, religion, or sexuality, we might believe that we are inferior or unwelcome because of who we are.
  • Cognitive biases: Our cognitive biases are mental shortcuts or errors that help us process information and make decisions quickly and efficiently. However, they can also lead us to form inaccurate or distorted beliefs about ourselves and the world. Some of the most common cognitive biases that contribute to limiting beliefs are:
    • Confirmation bias: This is the tendency to look for and interpret information that confirms our existing beliefs and ignore or reject information that contradicts them. For example, if we believe that we are unlucky, we might focus on all the bad things that happen to us and overlook all the good things that happen to us.
    • Negativity bias: This is the tendency to give more weight and attention to negative information than positive information. For example, if we receive 10 compliments and one criticism in a day, we might remember and dwell on the criticism more than the compliments.
    • Availability heuristic: This is the tendency to judge the likelihood or frequency of something based on how easily we can recall examples of it from our memory. For example, if we watch a lot of news about crime and violence in the world, we might believe that the world is more dangerous than it actually is.
    • All-or-nothing thinking: This is the tendency to see things in black-and-white terms without any shades of gray. For example, if we make a mistake in a project at work, we might think that we are completely incompetent and worthless.

These cognitive biases can make us form limiting beliefs based on incomplete or inaccurate information and prevent us from seeing the bigger picture or alternative perspectives.

a brain with different colors. Limiting beliefs have different types.

How Limiting Beliefs Affect Our Lives

Limiting beliefs can have a profound impact on our lives, as they affect our emotions, behaviors, and actions. Some of the ways that limiting beliefs can affect our lives are:

  • They can make us feel unhappy, frustrated, or dissatisfied with ourselves and our lives. They can also cause us to experience negative emotions such as fear, anxiety, anger, guilt, or shame.
  • They can make us avoid or procrastinate on taking action, pursuing opportunities, expressing ourselves, learning new skills, forming healthy relationships, and enjoying life. They can also make us settle for less than what we want or deserve.
  • They can make us sabotage our own success and happiness by creating self-fulfilling prophecies. For example, if we believe that we are not good enough to get a promotion at work, we might perform poorly or miss deadlines, which will then confirm our belief and prevent us from getting the promotion.
  • They can make us create a negative feedback loop that reinforces our limiting beliefs. For example, if we believe that we are unlucky, we might focus on all the bad things that happen to us and overlook all the good things that happen to us, which will then make us feel more unlucky and attract more bad things to us.
  • They can make us lose sight of our true potential and purpose in life. They can also make us forget or ignore our strengths, our passions, and our values.

Limiting beliefs can limit not only our achievements and happiness, but also our growth and fulfillment as human beings.

Conclusion

Limiting beliefs are negative thoughts or assumptions that hold us back from achieving our goals or living our full potential. They are powerful because they affect our emotions, behaviors, and actions; they become self-fulfilling prophecies; they create a negative feedback loop; and they are often subconscious and hard to identify. Limiting beliefs can form from various sources and experiences, such as our past experiences, our social conditioning, our cognitive biases, our fears, and our insecurities. Limiting beliefs can affect every aspect of our lives, from our career and finances, to our health and relationships, to our self-esteem and happiness.

a person climbing a mountain

However, limiting beliefs are not permanent or unchangeable. We can overcome them and achieve our goals by following some tips, such as:

  • Becoming aware of them: We can use techniques such as journaling, meditation, or coaching to identify and acknowledge our limiting beliefs.
  • Questioning them: We can challenge and reframe our limiting beliefs by asking ourselves questions such as: Is this belief true? Is this belief helpful? What evidence do I have to support or disprove this belief? What would I tell a friend who had this belief?
  • Replacing them with positive affirmations: We can create and repeat positive statements that affirm our abilities, our worthiness, and our possibilities. For example, instead of saying “I can’t do this”, we can say “I can do this” or “I am learning how to do this”.
  • Seeking evidence to support them or disprove them: We can look for examples or testimonials of people who have achieved what we want to achieve or who have overcome similar limiting beliefs. We can also look for evidence in our own lives that show us that we are capable, worthy, and possible.
  • Exposing ourselves to new experiences and perspectives: We can try new things, learn new skills, meet new people, and explore new places that can expand our horizons and challenge our limiting beliefs. We can also seek feedback and support from others who can encourage us, inspire us, and help us grow.
  • Celebrating our progress and achievements: We can acknowledge and reward ourselves for every step we take towards overcoming our limiting beliefs and achieving our goals. We can also express gratitude for the opportunities and resources that we have along the way.

By overcoming our limiting beliefs, we can unleash our true potential and live a more fulfilling and happy life.

FAQs

  • What are some common myths or misconceptions about limiting beliefs?
    • Some myths are that limiting beliefs are facts, harmless, only related to self-esteem, or easy to overcome by ourselves. These are false and can prevent us from overcoming them.
  • How can I identify my limiting beliefs?
    • You can use techniques such as journaling, meditation, or coaching. You can also ask yourself questions such as what are your unachieved goals, reasons, negative thoughts, and words about yourself or your situation.
  • How can I measure my progress in overcoming my limiting beliefs?
    • You can set and track SMART goals and actions. You can also use tools such as scales, checklists, surveys, or journals. You can also ask for feedback and support from others.
  • How can I deal with setbacks or challenges when overcoming my limiting beliefs?
    • You can adopt a growth mindset and a positive attitude. You can also reframe the setback as an opportunity, find solutions, seek feedback and support, remind yourself of your strengths and achievements, and reward yourself.
  • How can I help others who are struggling with limiting beliefs?
    • You can be supportive, empathetic, and encouraging. You can also listen to them, ask them open-ended questions, share your stories and examples, provide them with resources, tools, tips, or referrals, and celebrate their progress and achievements with them.
Joseph Okonkwo

Joseph Okonkwo

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