How to overcome limiting money beliefs

As an Asian American, I’ve been instilled with the belief that every penny I make should go towards my savings.⠀⠀
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Yet what exactly am I saving for? ⠀⠀
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👉Emergency Fund ⠀⠀
👉Vacation Fund ⠀⠀
👉Savings for a down payment ⠀⠀
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Sure, these are all great things to save for but why would I want to let my hard earned money just sit in the bank and do nothing for me? ⠀⠀
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💵 You see, the banks are rich because they use the money you deposit to go and invest into various things to make a bigger ROI for them.⠀⠀
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While you let your money sit there, they are doubling/tripling/quadrupling your money. ⠀⠀
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Yet people often tell themselves…⠀⠀
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“I’ll save money so I can buy XYZ NEXT TIME.”⠀⠀
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But when it comes down to it, it never happens. ⠀⠀
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Why?⠀⠀
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Because when you live in the rat race living paycheck to paycheck, no matter how much you save. You will always find an excuse not do it.⠀⠀
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🔁You will always say, “I have to pay for XYZ bills so I can’t afford it, I’ll wait for the NEXT TIME again.”⠀⠀
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This is the viscous cycle of people who live an unhappy and unfulfilled life not meeting their goals, dreams, and income.⠀⠀
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But that doesn’t have to be you. ⠀⠀
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👏YOU can break this cycle!👏⠀⠀
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There’s no shame in making money mistakes or being in debt. You can’t fault yourself for what you didn’t know. ⠀⠀
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The most important thing is you’re working towards a better future so you can gain financial freedom to live life on your terms. ⠀⠀

Which is why I personally love using a website like Pigly.

(Picture source: Pigly)

Pigly helps build my savings goals, track my credit card usage, payment breakdown of my debt, track my business expenses and investments, and so much more. It offers a diverse range of helpful tools and resources to help you create more strategic financial plans.

So if there’s anything you can takeaway from today’s post…⠀⠀
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❌It’s not about saving money just to save.⠀⠀
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✅It’s about saving money to INVEST.⠀⠀
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And more importantly…⠀⠀
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✅ It’s about realizing how to LEVERAGE money so you can make INVESTMENTS in your business and more MONEY work for you. ⠀⠀
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👇 Comment below, what are your beliefs about saving money?⠀

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