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Have you ever checked your bank account balance and thought to yourself, where does all my money go?  The odds are you have.  As they say it’s not important how you got into trouble, the true test of character is what you do to get out of it.  There is a line in the song Dead and Gone by T.I. and Justin Timberlake that says “What matters more than the mistakes you make is what you are able to learn from them.”

As a financial planner I can tell you that it’s not so much the action of physically spending that makes our money disappear, it’s so much deeper than that.  The truth is our money mentality is actually what controls how we spend (or save) our money.  So let me ask you another question, what are your money beliefs?

Break these money beliefs and stop being broke:

Feeling guilty about your money.  Marie Forleo says that no one should feel guilty about making money.  Why? Because you probably deserve it from your hard work.  Think about the last time you had a sense of pride for a job well done, was it because it was financially rewarding?   Working hard for your money is rewarding because it makes you feel good and it puts some extra cash in your bank account.  Don’t feel bad for making money, own it and enjoy it because you deserve it.

Avoiding spending money.  Forleo says that you need to spend money to enjoy money.  She’s not telling you to go out and binge shop, all she’s saying is to enjoy the fruits of your labor.  It’s a reminder of why we work so hard.  People often like to live on less so they can save more, but where’s the fun in that?  It’s important to find a balance between saving and spending your money.  Too much of either one can cause some serious financial damage.

Don’t make it personal.  It’s just business…literally.  Forleo says people often have the mentality that if they make more money someone else will have to make less.  This is a reason why people don’t negotiate purchase prices and it’s just simply not true.  If you don’t negotiate a price and shop around for the best deal possible you will most likely end up overpaying for your items and this is definitely a money belief that is keeping you broke.

I’m not good enough to make this much.  If you start a new job always negotiate your salary because it’s a direct reflection of your work ethic and your self-worth.  If you weren’t qualified you wouldn’t have go hired, but you were, so why not make as much money as you can?!  If you are self employed Forleo says that you may be suffering  from what she calls “Guilt Goblin Mrs. Self Doubtfire.”  It’s the tendency for people to under value themselves due to self doubt.  If you don’t think you’re worth anything other people won’t either and self doubt will keep you broke.

Tahnya Kristina is a certified financial planner and personal finance blogger. With over a decade of experience in the financial services industry she enjoys helping people manage their money wisely, become debt free and find financial happiness.  You can follow her on Twitter @TahnyaKristina.