In life there are many barriers to wealth that we must learn to overcome. Self doubt and learning to deny ourselves unnecessary expenses are some of the issues many of us must defeat in order to allow wealth to accumulate. However, one common idea that connects many of these issues is the phrase, “I can’t.”
How does your imagination create a wonderful idea only to have self-doubt set in. Perhaps it starts off as, “I can’t do it because there isn’t enough money.” Other times it could be, “I can’t do it because who would buy that?”
That one little phrase, “I can’t” can become a massive barrier for many people. Sometimes it may seem too large to overcome. But it doesn’t have to be. There are ways to crush the barrier to wealth that is, “I can’t.”
Many times we encounter a barrier to wealth before we even leave the starting gate. Self doubt can be a very powerful way to stop a person from pursing their goals and dreams. For myself, this is probably the hardest barrier for me to overcome.
Roughly one year ago the concept of The Frugal Path formed in my imagination. We had just encountered a major hurdle to paying off our debt, paying for a new roof. I thought that writing a blog would be a great way to help keep us on track with our financial goals. At this time self doubt began to creep into the back of my mind. I would think, “I can’t do this. Who would want to read what I have to say? Would I be ridiculed for my thoughts?” The phrase, “I can’t” continued to plague me for almost a year.
You might wonder what quieted the voice of self doubt. Roughly three months before actually beginning the site I began to watch a series of YouTube videos by a mystery gamer known simply as Etho. Somewhere throughout the series he began to explain the reasons why he started to record on YouTube. At first he had similar doubts of having his voice broadcasted that I did for my blog. After listening to him talk I realized that if he could do a YouTube series, then I could write a blog. The self doubt of I can’t became replaced with I can. Less than a month later The Frugal Path was created.
Replace “I Can’t” with “How Can I”
Without trying to sound like a self-help site, I find that replacing the phrase can’t with can is a great way of getting through the barrier of self doubt.
Think about times when you’ve encountered yourself saying, “I can’t do this.” Did it stop you from achieving your goals before you even started?
There are a few common cases where “I can’t” becomes a barrier to wealth.
- Joan says, “I can’t save money because I’m living paycheck to paycheck.”
- Jim says, “I can’t start a business because I don’t have the money.”
- Erin says, “I can’t pay off my debt because it’s too much.”
In each of these cases the person may have stopped themselves before thinking any further. Perhaps the believe their situation was a lost cause without any chance of success. However, by changing one simple word, your whole thought process can change.
- If Joan were to say, “I can save money, I just need to figure a way to stop living paycheck to paycheck.” Perhaps she could motivate herself to move forward.
- If Jim were to say, “I can start a business. I may not have much money but maybe I’ll start small or find an investor.”
- If Erin were to say, “I can pay off my debt. I got into it a little at a time, I can get out of it a little at a time.”
By simply changing the phrase to I can your entire mindset can change. Instead of being paralyzed by self doubt, your mindset can change and you can begin to search for ways overcome your barriers to wealth creation.
Learning to Deny Yourself
We live in a society where we are conditioned to believe that it is bad to deny yourself what you want. How many commercials say, “Do you need another television? You’ve already got three.” How about, “Is that new $50,000 car costing you financial freedom?” I haven’t seen one. Have you?
I’ll admit that it can be very difficult to deny yourself something you want even if the rewards are worth it. I know that if I were to get rid of cable then I could save $1,000 per year. I also know that $1,000 could pay off a decent chunk of our credit card debt. After thinking about it though, I run into that phrase again.
I start to think, “I can’t get rid of my cable. How will I watch Gold Rush?” After a while I talk myself out of getting rid of the cable because “I can’t live without it.” The truth is I know that living without cable isn’t the end of the world. I lived without it for two years when I moved out on my own. I survived without my shows and I ended up reading a whole lot more.
I know that by denying myself cable I can save money and my life won’t be negatively affected. (We’re considering canceling our cable in the new year and upgrading our internet to allow Netflix to stream faster.) I find that it becomes easier to deny yourself something if you focus on what you gain by denying yourself.
It’s All About Mindset
Turning I can’t into I can is all about mindset. If you think of something as a negative, then you’re finished before you’ve given yourself a chance. But if you flip it into how you can achieve your goals, you’ve pushed yourself one step closer to gaining what you want and possibly breaking a barrier to wealth.
Have you ever had to overcome a barrier to wealth? What did you do? How did you turn an “I can’t” situation into “I can“?
Photo Provided By: TheDarkThing