Posted in Budgeting for Everyone, Building Wealth, College & Student Loans, Credit Cards, Debt Free, Raising Your Income, Saving for Your Future, Winning with Your Money, You and Your Money

Liar, Liar

We lie to ourselves all of the time.  No, really, we do.  We are so used to doing it that we don’t even realize it.  Lying to yourself and not walking in your truth, whatever it is, can be harmful at times and will never move you forward in your life.  This is especially true when it comes to your money.  Lying to yourself in the area of money can cause debt, keep you in debt, make you spend more than you make, have zero to very little money saved for emergencies and retirement and more.

I was reading an article a few days ago that listed what they thought were the top lies we tell ourselves in the area of money.  I mostly agreed with them so I wanted to share them with you and why I believe (knowledge and experience) that these lies can be harmful.  I hope this will help you and give you the courage you need to walk in your truth today.

  • Lie #1 – “I deserve it.”  We spend money we don’t have everyday just because we tell ourselves that we “deserve” something.  I would like to change this just a little.  I think the lie we tell ourselves the most is “I am entitled to it” and we hide that thought behind the “deserve”.  You may deserve a vacation – you have worked hard all year at your job and maybe you deserve a break.  However, you are not “entitled” to a vacation just because you exist on planet Earth.  This lie, in any form, can cause you to think that no matter what state your finances are in, it is okay to do whatever you want just because.  You can do anything you want, whether you deserve it or not, as long as you have the cash to do so.  If you are in debt and the only way you can go on vacation is to use a credit card, you shouldn’t go on vacation, even if you deserve it.
  • Lie #2 – “Money can’t buy happiness.”  Money can’t buy happiness, but it can buy freedom which causes happiness.  Therefore, money can cause happiness.  However, in most people, money causes stress and anxiety.  When you don’t owe anyone and you have money in the bank, you can be happy because you are not worried about paying a bill or dealing with any emergency.  Use you money for good by getting out of debt, saving and live on less than you make.  Then your money will buy you a “little happy.”
  • Lie #3 – “I don’t make enough to save or invest.”  This is a lie, plain and simple.  I teach children and teens everyday to take the $10 a week they make and save 10% of it, give 10% of it and spend the other 80%.  The problem is we spend 100% or more leaving us with nothing to invest or save.  If this is your excuse for not saving, the problem isn’t your income or what you make, it is your lifestyle and what you spend.  If you always live on less than you make, you will always have money to save and invest, even if it is only $10/week.  Start somewhere.
  • Lie #4 – “Debt is the new normal.”  I have written a lot about this because it is the number one myth about money in the country today.  Debt does not have to be a part of your life.  Debt is no longer in my life and I live just fine, great in fact.  We are taught to believe that we can’t function in the world without debt and we can.  You can live a better life without debt than you would ever live with debt.  Do not accept debt as the “norm”.  If you do, you will never be wealthy.  Wealthy people do not have debt, they have money.
  • Lie #5 – “College is a must and a loan is the only way to pay for it.”  This is a huge lie.  If you believe this, please read my blog “No Loan College”.  It is my most popular post to date because people believe this lie.  First step in life is to find your passion, what will make you smile everyday and will make you happy.  Then find out what you need (education, knowledge, certification, etc.) to do this out in the world.  And if it does require college, you can get a degree without ever taking out a student loan.  Don’t mortgage your future on an uncertainty.  Go for the gold, but be wise in getting there.  You will never regret it.

Love yourself enough to stop lying to yourself.  When I began my truth walk years ago, it was painful at first.  The truth hurts.  But I would never be where I am today, financially or personally, if I would have had the courage to begin that walk.  Begin your walk of truth today, push through the pain, all the way through to freedom.


**If you need help with your walk, give me a call or email me.



Debbi is a personal finance expert, motivational speaker, and author of the award winning "The ABC's of Personal Finance", "26 Weeks to Wealth and Financial Freedom" and “50 Shades of Money”. In addition she hosts a worldwide weekly radio show and her advice has been seen in multiple media outlets including NBC News, Forbes, Money, US News, Experian just to name a few. Debbi has also been the President of Lovell Ministries since 2012.

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