Summary of "Mindset Matters - Episode #183 - Why You Feel Stuck: The Limiting Beliefs You Didn’t Know You Had"
In Episode #183 of The Everyday Millionaire podcast titled "Mindset Matters - Why You Feel Stuck: The Limiting Beliefs You Didn’t Know You Had," hosts Patrick Francey and Stephanie Hanlon delve into the psychological barriers that prevent individuals from achieving their true potential. Released on May 1, 2025, this episode offers listeners a deep exploration of eleven hidden beliefs that can keep one feeling stagnant, both personally and professionally.
Introduction: Setting the Stage
[00:00] Patrick introduces the episode, highlighting its focus on mindset and its critical role in personal evolution. Joined by his wife, Olympic mental performance coach Stephanie Hanlon, Patrick emphasizes the importance of mental filters in shaping our experiences and successes.
Patrick: "Your view of the world is the filter for how you will experience the evolution and changing dynamics of it."
Recent Experiences and Insights
[00:56] The hosts reflect on their milestone of reaching 183 episodes and share anecdotes from a recent event in Edmonton with Alfonso Cuadra, Wealth Genius. Patrick appreciates Alfonso's resilience and mindset, noting how essential mindset is in overcoming challenges and achieving dreams.
[01:55] Stephanie recounts her experience with the Quantum Speed crew, blending her passion for hockey development with personal growth, and emphasizes the intertwined nature of athletic and mental performance.
Introducing the Core Topic: 11 Hidden Beliefs
[02:12] Patrick introduces the main topic: "11 Hidden Beliefs that Keep Us Stuck." He explains that while practical skills like real estate investing are teachable, mindset determines whether individuals can effectively apply these skills to achieve success.
Patrick: "Mindset does matter... we teach the how-tos, but mindset determines who pulls it off and who doesn't."
Deep Dive into Limiting Beliefs
1. "I'm Not Enough" [03:21]
Patrick begins by exploring the belief "I'm not enough," describing it as a deep-seated feeling of inadequacy. This belief acts like outdated software, limiting one's potential by making individuals feel they can never do enough or be enough.
Patrick: "I'm not enough is kind of a feeling of inadequacy or being fundamentally flawed. It doesn't mean we're aware of it, but it's an operating system running beneath the surface."
2. "I'm Not Worthy" [09:49]
Next, they discuss "I'm not worthy," a belief that no matter what one achieves, they don't deserve success, love, or happiness. This often stems from childhood experiences and can severely impact one's self-esteem and relationships.
Patrick: "I'm not worthy is a belief that no matter what you do, you still don't deserve it."
Stephanie shares a personal moment where her humility masked her feeling of unworthiness, highlighting how this belief can prevent individuals from accepting praise and recognizing their value.
Stephanie: "I do get that one... sometimes I get that one."
3. "I'm Not Loved" [18:02]
The belief "I'm not loved" suggests that one is unlovable, often rooted in experiences of abandonment or neglect. This can lead to overcompensation or withdrawal in relationships.
Patrick: "I'm not loved is the belief that no one loves you. It’s a subconscious constraint that can make maintaining relationships challenging."
4. "I'm Not Safe" [19:32]
Feeling "I'm not safe" is another hidden belief that can stem from past traumas or unpredictable environments during upbringing. It fosters a persistent sense of insecurity and fear, hindering one's ability to fully engage in life’s opportunities.
Patrick: "Feeling unsafe is a subconscious constraint that can trace back to experiences in childhood, making us feel threatened in everyday situations."
5. "I Don't Matter" [25:07]
This belief conveys that one's needs and opinions are insignificant. It often results in people-pleasing behaviors and an inability to assert oneself.
Patrick: "I'm not special is the hidden belief that your needs don't matter and that you must put everyone else first."
6. "I'm Not Special" [25:34]
Believing "I'm not special" undermines one's unique qualities and talents. It can lead to a lack of confidence and an inability to recognize personal achievements.
Stephanie: "We are all unique... if we don't think we're special, that's programming we need to bust."
7. "I'm Powerless" [35:06]
Feeling "powerless" can lead to a sense of helplessness, preventing individuals from taking action to change their circumstances.
Patrick: "When we feel trapped, we feel powerless. We can't get out of this."
8. "There's Something Wrong with Me" [32:07]
This belief instills a sense of defectiveness, making individuals feel inherently flawed and incapable of improvement.
Patrick: "Something's got to be wrong with me. There's nothing wrong with you."
9. "I'm Not Who I Should Be" [32:28]
Feeling "I'm not who I should be" reflects dissatisfaction with one's identity or life path, often leading to chronic self-criticism.
Patrick: "I'm not who I should be. Feeling defective is a common self-judgment."
10. "I Don't Matter" [26:24]
This belief emphasizes that one's presence or contributions are insignificant, fostering isolation and low self-worth.
Patrick: "My needs don't matter is a belief that forces individuals to prioritize others over themselves."
11. "There Is Never Enough Money" [35:34]
Lastly, the scarcity mindset encapsulated by "there is never enough money" perpetuates financial anxiety and inhibits wealth creation.
Patrick: "There is never enough money is the old scarcity mindset where even billionaires feel it's insufficient."
Overcoming Limiting Beliefs
Throughout the episode, Patrick and Stephanie emphasize the importance of self-awareness in identifying these hidden beliefs. Recognizing and acknowledging these constraints is the first step towards overcoming them. They suggest techniques such as:
- Journaling: To reflect on and uncover subconscious beliefs.
- Visualization: To reprogram the mind towards positive outcomes.
- Breathing Exercises: To manage anxiety and foster a sense of safety.
- Affirmations: To reinforce one's worth and capabilities.
Patrick: "Once you're aware of these beliefs, you can start to challenge and replace them with empowering thoughts."
Personal Anecdotes and Practical Insights
The hosts share personal stories to illustrate how these beliefs manifest in real life. For instance, Patrick recalls mentoring a young lady from the military who felt destined to fail due to ingrained negative beliefs. Stephanie discusses her habit of prioritizing others, stemming from her own feelings of unworthiness, and how it affects her achievements.
Patrick: "We have a tendency to look outside and blame circumstances, but it's an inside job. Mindset matters."
Conclusion: Moving Forward with Mindset Mastery
As the episode wraps up, Patrick and Stephanie acknowledge that while they began discussing the eleven limiting beliefs, future episodes will continue to unpack each one in greater detail. They encourage listeners to reflect on their own beliefs and consider how these hidden constraints might be holding them back from achieving their dreams.
Stephanie: "We are all worthy of love simply because we exist."
Key Takeaways
- Identify Hidden Beliefs: Recognize the subconscious beliefs that limit your potential.
- Self-Awareness is Crucial: Awareness is the first step towards overcoming these constraints.
- Practical Tools: Utilize journaling, visualization, and affirmations to reprogram your mindset.
- Personal Stories Highlight Impact: Real-life examples demonstrate how these beliefs affect individuals.
- Ongoing Exploration: Future episodes will delve deeper into each limiting belief, offering strategies for transformation.
By shedding light on these eleven limiting beliefs, Patrick Francey and Stephanie Hanlon provide listeners with valuable insights and actionable strategies to break free from psychological barriers, paving the way for personal growth and financial success.