I’ve worked with hundreds of individuals—senior professionals, entrepreneurs, married couples, single mothers, and even retired officers—who’ve all had one thing in common: limiting beliefs.
These aren’t just thoughts. They are invisible walls, built over years of conditioning, that whisper things like:
• “People like me don’t get rich.”
• “I’m not cut out for investments.”
• “I always mess up with money.”
• “It’s too late for me to start over.”
The truth? These beliefs are lies. They’re not facts. And they don’t belong in the story you’re writing for yourself.
In my journey as a CERTIFIED FINANCIAL PLANNER and Richness Coach, I’ve learned that wealth is less about money and more about mindset. To truly unlock a rich and abundant life, you must first break the beliefs that keep you stuck.
That’s why I was deeply inspired by the wisdom in Martin Meadows’ book Confidence: How to Overcome Your Limiting Beliefs and Achieve Your Goals. Using its foundational lessons, I’ll take you through 11 powerful steps I’ve used—personally and professionally—to help myself and others achieve true financial and emotional freedom.
Let’s begin.
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1. Understand Self-Efficacy: Believe You Can Succeed
The foundation of everything is this:
Do you believe you can succeed?
This concept, called self-efficacy, is more powerful than you think. It’s the belief that you have the ability to take action, face challenges, and reach your goals.
I’ve seen two people with identical financial resources take completely different paths—one grows wealth with confidence, the other remains paralyzed in fear. The difference? Belief.
I wasn’t born confident either. I built it by showing up—daily, consistently—despite doubts. Confidence came from doing.
Action Step:
Write down three past achievements you’re proud of. They don’t have to be big. The point is to remind your brain: I have succeeded before. I can succeed again.
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2. Identify and Break Limiting Beliefs
If your mind is a garden, limiting beliefs are the weeds. They choke your growth.
One client of mine—a brilliant woman in her late 30s—once told me, “My father always said women don’t understand money.”
She had internalized that. And it stopped her from investing, asking financial questions, or even thinking about wealth creation.
Together, we rewrote that belief.
You must identify your own inherited stories. They may come from family, society, school—or even past failures.
Action Step:
Write the sentence: “I can’t become rich because…”
Whatever comes up—that’s your limiting belief. Now rewrite it:
“I am becoming rich because…”
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3. Embrace Failure as Feedback
We treat failure like a dead-end. It’s not. It’s a redirection.
When I launched my first financial education program, it didn’t get the response I hoped for. At first, I was crushed. But then I reviewed the feedback, made changes, and launched again—with great success.
Failure taught me what books never could.
Your mistakes—whether in career, investments, or relationships—are not proof of incompetence. They’re your personal MBA.
Action Step:
Write about a recent setback. Then list 3 lessons it taught you.
Now you’re not failing—you’re learning.
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4. Set Incremental Goals to Build Confidence
Do you know what kills confidence?
Setting giant, vague goals like “I want to be rich” or “I’ll save 50 lakhs.”
Instead, break them into milestones. Smaller wins build momentum.
For example, if your goal is financial independence, break it down into:
• Build emergency fund
• Invest ₹5,000 monthly
• Eliminate one bad money habit
Each win gives you evidence of progress—and confidence.
Action Step:
Pick ONE big goal and break it into 5 micro-steps.
Celebrate each one as a win.
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5. Surround Yourself with Positive Role Models
You become who you spend time with.
If you’re constantly around pessimists who scoff at dreams, your belief will shrink. But surround yourself with dreamers, doers, and givers—and your mindset expands.
One of my biggest breakthroughs came after a lunch with a mentor who’d built massive wealth. Just hearing his story shattered the ceiling in my own head.
Find your community. Read biographies. Join mastermind groups. Hire a coach.
Action Step:
List 3 people you admire who embody success or wisdom.
Write what they believe about life and money.
Then ask: What would they do if they were me?
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6. Develop a Growth Mindset
Do you believe intelligence and talent are fixed? Or that you can grow?
A fixed mindset says: “I’m bad at this, so I’ll avoid it.”
A growth mindset says: “I can get better at this.”
You don’t need to be a financial expert overnight. You just need to start learning—bit by bit.
One of my clients started with a simple goal: understanding her credit card. She now manages her family’s investments.
Growth happens gradually. But only if you believe in it.
Action Step:
Write a letter to yourself, ending with the sentence:
“Here’s what I’m learning, and here’s why I’m proud of myself.”
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7. Practice Self-Compassion During Setbacks
You will stumble. You will forget. You will mess up your budget. And that’s okay.
The real damage doesn’t come from mistakes—it comes from how you treat yourself afterward.
Would you berate a friend who’s trying their best? Then why do it to yourself?
Self-compassion isn’t self-pity. It’s fuel.
When I miss a target, I sit with kindness. I reflect. I replan. Then I move on—stronger.
Action Step:
Write a kind note to yourself.
Example: “Dear [Your Name], I know this month didn’t go as planned, but I’m proud of you for showing up. Let’s try again. I’ve got your back.”
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8. Visualize Success Clearly and Emotionally
The brain can’t distinguish between imagined and real experiences. That’s why visualization works.
Every morning, I spend 5 minutes visualizing:
• Speaking at my financial freedom seminars
• My clients celebrating their wins
• Traveling with family, carefree and secure
I feel it. I believe it. And my actions align with that belief.
Visualization isn’t wishful thinking. It’s mental training.
Action Step:
Close your eyes and visualize your richest life for 2 minutes.
Then write what you saw: Where are you? Who’s with you? What are you doing?
The clearer the image, the stronger the manifestation.
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9. Take Decisive Action to Break Overthinking
Confidence is built through motion.
Overthinking is fear wearing a smart suit. It feels like planning—but it’s avoidance.
The cure? Decide and act. Even if imperfectly.
You don’t need to read 10 blogs before opening your SIP.
You don’t need to wait for the market to be perfect.
You just need to begin.
Confidence follows action—not the other way around.
Action Step:
What’s ONE decision you’ve been postponing?
Write it down. Set a 24-hour deadline. Then act.
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10. Reflect and Adjust Regularly
Every month, I sit down with my planner and ask:
• What worked?
• What didn’t?
• What will I do differently?
Without reflection, we repeat. With reflection, we grow.
One of my clients, a mid-level executive, started doing a 10-minute weekly review. In 3 months, his money anxiety dropped by 70%.
Tracking progress breeds control. And control builds confidence.
Action Step:
Set a weekly 10-minute timer. Answer these:
• What did I do well this week?
• What did I learn?
• What’s next?
This habit alone will transform your growth curve.
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11. Rewire Beliefs With Daily Affirmations
Your subconscious absorbs repeated thoughts. So repeat wisely.
Every morning, I write these lines:
• “I deserve to be rich.”
• “I am capable of making smart money decisions.”
• “Abundance flows to me because I am aligned with wisdom.”
They’re not magic spells—they’re mental programming.
Say them with feeling. Over time, they rewrite your belief system.
Action Step:
Write 3 affirmations that speak to your current doubts.
Repeat them daily, aloud or in writing, for 21 days.
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Final Reflections: The Richness Was Always Within You
Breaking limiting beliefs isn’t a one-time decision. It’s a daily practice.
You are not your past. You are not your doubts. You are not your mistakes.
You are the author of your next chapter.
And with every decision to believe in yourself, to take action, to show up—you are stepping into your true wealth.
Richness is a mindset.
Wisdom is a muscle.
Confidence is a skill.
And your journey to abundance is not just possible—it’s inevitable.
Break Free from Limiting Beliefs
11 Journal Prompts + Action Tracker for Your Journey to Riches and True Wealth with Wisdom
This Journal Prompts is your companion to reflect, journal, and take empowered action each day as you overcome your limiting beliefs and build the confidence to live your richest life. Use one prompt daily or weekly—whatever fits your rhythm. Complete the action tracker to turn wisdom into movement.
11 Transformational Journal Prompts
1. What belief about success or money have I carried from childhood, and how does it affect me today?
2. What does my ‘rich life’ look like in vivid detail?
3. What’s one failure I’ve experienced—and what lesson did it teach me?
4. What limiting belief am I ready to rewrite today?
5. Who inspires me, and what do they believe that I don’t—yet?
6. What’s one small financial or personal win I’m proud of recently?
7. How can I show more self-compassion when I make mistakes?
8. What does my most confident self say to me today?
9. What’s one decision I’ve been avoiding—and what step will I take in the next 24 hours?
10. What worked well for me this week? What will I do differently next week?
11. What three empowering affirmations can I repeat daily to replace old limiting beliefs?
Confidence Action Tracker
Use this tracker to document your actions over the next 11 days. Each action taken is a step toward your richest, most confident self.
The author of this article, Taresh Bhatia, is a Certified Financial Planner® and advocate for female empowerment. For more information and personalized financial guidance, please contact taresh@tareshbhatia.com
He has authored an Amazon best seller-“The Richness Principles”. He is the Coach and founder of The Richness Academy, an online coaching courses forum. This article serves educational purposes only and does not constitute financial advice. Consultation with a qualified financial professional is recommended before making any investment decisions. An educational purpose article only and not any advice whatsoever.
©️2025: All Rights Reserved. Taresh Bhatia. Certified Financial Planner®
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