This is the fifteenth and final article in a series of articles revealing the Myths that Keep Your Broke. In these articles, I will uncover the many myths that too many people believe. These myths can prevent you from creating wealth and complete financial choice™.

Let’s start destroying them.

Myth #29: We Have Problems

Language is so important in how we speak and how we talk. I am talking about how we speak to ourselves, and how we talk to others. Do we have problems, or do we have challenges? Would you rather deal with a problem or a challenge? It is all about the language you use.

In the past, I had self-talk that was not supportive of my goals. You may have self-talk that is not supportive or empowering to your goals. You may have self-talk that dis-empowers you instead of inspires you.

Recently I heard someone speak out loud in their self-talk when they made a mistake saying, “I am so stupid. What’s wrong with me?”

Do you think that kind of self-talk will help them, hurt them, or keep them where they are?

You already know the answer: It will not empower them to do better. Wouldn’t it be better to say, “I made a mistake. What can I learn from that?”

I recall my wife looking at a color she wanted to paint a wall in the den and said, “That color is wrong.” A color can’t be either right or wrong. A color is just a color. You might not like the color, but that’s an opinion. It might not be the best color for the job depending on the emotion you want to evoke, but it can’t be right or wrong; it’s just a color.

As I was writing this myth my wife said, “I have to do marketing, and I hate to go marketing.” My reply was, “You don’t have to do marketing. You can order food online, we can order in meals, or we can just go out to eat.” Her self-talk limited choices and was not supportive to her frame of mind. My reply created choices.

Pay attention to your self-talk. Or ask someone to pay attention to your self-talk.

If it does not support you, what words or phrases can you say instead?

Myth #30: It’s Too Late

This is Myth #30 in the series and the last one. It is also the opposite of the attitude wealthy people have that it is never too late.

While on a brief vacation to Santa Barbara with my wife, we went to a thrift store, which we both enjoy. My large Hawaiian shirt collection has many from thrift stores. Anyway, while in this thrift store, I stumbled across an old book by David Bach, Start Late, Finish Rich.

In this book, Mr. Bach says the same thing in about 330 pages; that it is never too late to start on the road to financial abundance.

My friend, Ralf, is one example of the concept; it is never too late. He was only divorced once when we first met around 1992, in a course, through Landmark Education. Later we both coached business owners through a course called the Entrepreneurial Edge.

Ralf sold his manufacturing business to a large national company in exchange for $1 million in stock, and the company later went bankrupt, and his stock was worthless. Ralf went through another marriage and divorced after about ten years. At age 65 his net worth was a negative $250,000. That is a quarter of a million dollars LESS than zero.

But Ralf has a great attitude and is a great business coach. He continued to work and focused on rebuilding his net worth, which is now over one million dollars.

I’ve written about this often, I started over from broke at age 50, and within a few years was worth a few million dollars, and it continues to grow. This is how I can donate 100% of the profits from my book and online work to the charity Shelter To Soldier.

One of the people in my course is 66, and he is now learning for the first time how to get control over his money. My team continues to get emails from him on how fabulous this is, that for the first time in his life he is building a net worth.

Another course participant is 70, and after going through a bankruptcy he and his wife have been able to buy their own house.

Another participant is about 65. She had been funding her business from credit cards and is now able to generate a profit from her business instead.

The point is that myths, like, it’s too late, or you’re too old, or too young, or not smart enough, are just that: MYTHS. These myths are no more true than the moon is made of green cheese.

What myths have you been telling yourself?

To Your Prosperity,


Author's Bio: 

Often in the media and in a recent TEDx Talk, Rennie Gabriel supports individuals and business owners to create work as a choice, instead of a requirement, just as he did for himself. Rennie had gone broke twice (two divorces), but using the same concepts published in his book, Rennie created more wealth in each recovery than what he had prior.

As a highly rated instructor at the University of California in Los Angeles (UCLA), Rennie uses his award-winning, best-selling book, Wealth On Any Income, to teach effective money skills from both the emotional/psychological aspects as well as the practical components. His book has been translated into five languages. Rennie is a retired Chartered Life Underwriter (CLU) and Certified Financial Planner® (CFP®) and often adds BFD to his credentials.

His extensive knowledge of real estate and finance is useful not only to those who own or invest in real estate but to anyone striving for a better life by trying to achieve financial freedom.

His clients range from financial professionals, like CPAs, stock brokers, and financial planning firms, to entrepreneurs in the transformational space (coaches, authors, and speakers). He also works with large organizations like the FBI, American National Insurance and Toyota Motors.

After 40 successful years in financial services, Rennie now works to donate 100% of the profits from his speaking fees, wealth programs, books and business coaching to charities, the primary one is where dogs are rescued, trained and donated as service animals for soldiers with PTSD and TBI (Post Traumatic Stress Disorder and Traumatic Brain Injuries)