Everyone of any race has a basic knowledge of money. This knowledge comes from everywhere, starting with our parents, the media, and society. Therefore, as we grow, we begin to have a belief mechanism about money.

There are lies that we think it’s true because someone believes in them. Then it starts to penetrate our subconscious mind and dictates how we handle money. In this post, I wanted to share with you five financial lies that you must unlearn.

1. Money is the root of all evil.

Many people have heard about it. Some people live by it, that money is the root of all evil. What does this mean? 

In 1 Timothy 6:10 (NLT), it states the following; “For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows.” 

The root of all evil means “having an attachment to material wealth.” When people interpret the bible and jump in the conclusion that it means “money is bad for you,” I’m always amazed. When you read and understand the scriptures. You will realize that the bible is telling us that we should not fall in love with money.

Money itself isn’t the root of all evil. However, the LOVE of money is. Wanting to maintain a good lifestyle and work hard enough for it while not falling in love with money is good. In other words, you shouldn’t start glorifying money. 

Understanding that money is right for you. That it’s a tool for you to use to obtain whatever you want is good. Money should be your slave and not the other way around. 

2. You need a degree to become rich.

This is misleading. The education system is made for you to be an employee, not an owner, creator or thinker. When you go through the process of getting your degree or masters, it’s okay if you’re going to use it to create a business. 

Most people who have a Ph.D., masters and even a degree make more money, which is excellent. However, if you live in Canada or the US, the more you make, the more taxes you pay. 

On the other hand, some people take years to pay off their student loans. There are many people with good titles that are still drowning in debts. Which is preventing them from being financially free. 

Therefore, people who have worked their asses off to finish school tend to pay more taxes and spend years paying off their debts. This is why I say that it’s misleading. You are not going to be “rich” only by going to school.

3. People with money are lonely.

Anyone, rich or poor, can be lonely. Money doesn’t make you lonely, you decide if you want to be lonely or not. This can occur when you’re too busy and don’t have time for social life.

This situation is more seen in the middle class, where parents or adults are too busy with work. Some people work 12 hours every day and barely have time to socialize.

When you have enough money (wealth), you have the freedom of time. You can schedule your time properly and have time to socialize. However, there’s a sacrifice that comes in when you’re trying to become financially free. I do believe that you get to meet new people that fit with your new lifestyle in the process.

4. Rich people do illegal stuff to get rich.

When growing up, I often heard that wealthy people do illegal things to get rich. This primarily comes from movies, where we see people make easy money to become rich. In these movies, you see gangsters, people selling drugs or strippers making a lot of money.

However, this is false. If this is what you believe in, you must unlearn this. You don’t have to be in the mafia to own a mansion or become wealthy. Wealth has a different meaning for everyone. However, no matter what’s your definition of wealth, you must work hard to obtain it.

5. Money does not buy happiness.

This one is debatable. Money does not buy happiness, just like it can not buy real friends. However, money gives you access to a much better lifestyle. When you have money, you’re free to choose whatever you want. 

An example that money can give you access to a better lifestyle is shopping—either grocery shopping or shopping for furniture. When you worry-free about your finances, you will pick the better quality products pricy or cheaper. Which is going to make you live happier. 

Money can open doors for you. You can have a better lifestyle and a higher chance of living longer if you want. Anyways, you get the idea, money gives you options and those options can make you happier.

Why you must unlearn all of this

To obtain whatever you want in life, you must be positive towards it. Your subconscious mind will not give you things that you think are bad for you. When your subconscious mind register that money is evil, financial wealth will fly away from you.

As I mentioned in Let’s talk about Prayers, you must be happy for people that have what you want. For example, if you know someone that’s financially wealthy, it’s better to ask them for advice than to judge them. You can’t just say that the person is doing something illegal to have their money. 

When you criticize someone’s success and negatively criticize them about their money, life won’t reward you. You must be positive towards money if you want money to flow smoothly in your life. 

The purpose of this post is to help you change your mindset about money. When you want financial freedom, you must have a positive mindset. This doesn’t only apply to money; it also applies to everything that you want in life. 

This list is not limited, you can think about your own beliefs. Write it down and ask yourself if it’s true or not. You can leave your thoughts in the comments below 🙂

Books suggestion:

Here’s a list of 3 HIGHLY recommended books that changed my mindset about money.

Think and Grow Rich by Napoleon Hill

Rich Dad Poor Dad by Robert Kiyosaki (my money mentor)

The Richest Man in Babylon by George Clason

All the books are a few pages and affordable. You can finish them in a week! I hope you read all 3 books, and hopefully, your mindset changes too.