FINTEL Frank Talk – DAY 3 of 10


A belief system is a set of mutually supportive beliefs, especially religious or political beliefs, that form a unified system. According to Wikipedia, such systems could be categorized as philosophical, religious, political, ideological or a combination of these.

It also defines belief as the state of mind in which a person thinks something to be the case, with or without there being empirical evidence to prove that something is the case with factual certainty.

I don’t want to bore you with the epistemology and nitty-gritties of these definitions but from the paragraph above, you can deduce that every individual has a set of deeply held beliefs which define him or her and for which he/she may or may not have concrete evidence to defend it.

These beliefs constitute your personality and form a major component of your outlook on life, your habits, likes and preferences, your words as well as your relationship with other people.

Most of the choices and decisions you make in life are based on what you believe to be true, right and moral. That said, if you are a very conscientious person, it is always difficult to do something contrary to your belief system.

So many things come together to formulate your belief system right from when you were born namely: your parents, background, environment, religion, friends, school, etc. These all have a unique role in making you who you are today.

The challenge we have is that most of the beliefs about the money we cherish so dearly are either obsolete or completely false. There are lots of them, but I am going to highlight just six.


Right from when we were kids, we were told that school is the principal thing.

The belief system goes like: “If you want to be rich, if you don’t want to suffer, go to school and study hard, pass your exams, acquire as many degrees as you can and get a good job”.

Though I am not entirely against this advice, I think it is getting really obsolete in this information age. The purpose of going to school should be to acquire academic, professional and financial literacy. But the last one is deliberately missing.

The belief that a white-collar job will make you rich is what is hindering many people from pursuing their passion and starting their own business.

If you read one of my blog posts titled, “An Analysis to Show Your Salary is Not Enough“, you will understand why this is no longer true. You will also find out how to get rid of this belief system and begin to take charge of your finances.


Another mantra we have been made to believe is that “if you should try to live below your means”. This advice has been promoted by top financial advisors so much that it now becomes part of people’s belief system.

Rich Dad has disproved this belief with a strong evidence. Why live below your means, when you can “expand and improve your means? He said that to live below your means is actually a very poor mindset.

Instead of growing your wealth, it teaches you to be content with what you are earning and just strive to lower the quality of your life by keeping your expenses below your income. People with this kind of mindset find it difficult to in invest their money. Living below your means kills your spirit and creativity.


Negativity does more harm than good when it comes to money. Words are powerful and the words you say find a way to “become flesh”. If you want to change your financial status, you have to choose your words wisely.

My mentor advised that the next time you see something that you  really want to have, instead of saying, “I can’t afford it”, you should ask, “How can I afford that?”

This new mindset will help you to create wealth by purchasing assets that expand our means of income while also allowing you to enjoy the finer things in life.


This is another lie that is keeping people in Financial Bondage. How can you justify your belief that money is not important? Why did you go to school? Why did you learn a trade? Why do you wake up early every morning to beat traffic in order to get to work early? Is it not make money? Then what is the essence of contradicting yourself?

Only a hypocrite will both denounce money and work for it at the same time to the extent of allowing it control his emotions.

If you believe money is not important, according to the Law of Attraction, you will unknowingly repel money away from you in spite of your hard work.
Once you realize that money is important and that you need it to survive, you will naturally begin to work towards Financial Freedom by learning how to make money work for you instead of becoming a “money slave”.


Many people believe that if they work hard enough, they will get rich. If this were entirely true, the market women and rural farmers that till the earth day and night would be very rich.

Don’t quote me wrong, hard work is important for success in life. But you need financial intelligence to know how to maximize the gains of your hard work. Otherwise, you will be like the axeman that worked so hard cutting trees with a blunt axe and wondering why his productivity was dwindling.

In this age, smart work, leverage and networking pay far more than raw, blind, isolated hard work.

6. YOUR VILLAGE PEOPLE (Superstitious Beliefs):

Recently, a comedian friend of mine and business partner, changed his Facebook Username to Yor Veelage Pipo. Lolz…

He is a funny person and according to him, he chose that name because people in this part of the world joke with it when they believe it to imply that their “village people” are manipulating them and causing their misfortunes.

It may sound funny, but there are people that take this superstitious belief too serious. It is common for people to accuse their aged uncles, aunts, grandparents and even their parents in the village of bewitching them in the city and causing them financial hardship. As a result, they resort to prayer rituals and religious fanatism in order to shield themselves from their perceived enemies of progress.


Finally, what you should know is that whatever you believe in works for you. By convincing yourself that someone is after you, you relinquish control over your life and indeed your finances to unknown forces…..and THIS is one of the major reasons many people in this part of the world are struggling with their finances.

You can ask your questions and make your comments below. I reply to every one of them.

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