How to Control Your Personal Finances (Part 1 of 2)

Top 8 Money Mistakes and How to Avoid Them

William Ballard, MBA


It is important to know/understand that I was not born into wealth. Like you, I worked my butt off — my whole adult life — to create wealth and success for myself. With that said, I do not ever blame someone or fault someone for being poor.

However, I DO NOT tolerate choosing to remain within that same thought process and/or belief, that being poor is a permanent condition or something that cannot be changed.

I have dedicated part of my life to helping people increase their income and move into financial freedom. With that said, I’ve heard or encountered just about every situation or circumstance that has kept people struggling financially, such as being handicapped, being addicted to drugs, or drowning in debt.

I have heard just about every scenario and have even experienced some of these in my own financial life, but hear this: There is NOTHING so bad that you cannot find a way out and experience financial freedom for yourself.

This battle with unbelief is what is keeping you under lock and key and blocking you away from the abundance you deserve.

You see, the reason most people struggle financially is because they’ve been educated ALL wrong on the topic of money.

Before we move into these top 8 money mistakes, I want to show you how in many ways you have been taught a wrong money mindset. You’ve probably heard most of these since you were a child. Read through these and think about how much misinformation you’ve taken in over the years.

Poor and middle-class Money Lies and Financial Limiting Beliefs

“A penny saved is a penny earned”
“Finances are complicated.”
“A house is an asset.”
“Diversify your investments.”
“Money doesn’t grow on trees.”
“Money won’t make you happy.”
“Invest in a 401 (k).”
“Save for a rainy day.”
“Not everyone can be rich.”
“All debt is bad debt.”
“Don’t put all your eggs in one basket.”
“Rich people are greedy.”
“It takes money to make money.”
“More money equals more problems.”



William Ballard, MBA

Business coach, marketing consultant, and creative entrepreneur. I help writers get their work noticed and get paid what they are worth: