The Fear of More Money

  • the-fear-of more-moneyIf you have been trying to improve your financial situation for years and have not made much progress, you probably have the fear of more money. And the scariest part is that most people have no idea that they even have it! I had the fear of more money. Many of the people I have mentored began with this fear. It's extremely common yet few recognize it's power because consciously, just about everyone wants more money. The difference lies in the subconscious mind, where your emotions are associated to thoughts. Deep in your mind, you may actually associate negative emotions to having more money. This is NOT silly psycho babble, this is very, very real and has been proven through scientific experiments. Get a complete understanding of the fear of more money, along with how to diagnose it in yourself and subsequently cure this financially destructive phobia in the video below:


The Fear of More Money


If you have been trying to improve your financial situation, but you just cant seem to make any progress. You most likely have a fear you aren't even aware of! This fear is the broke/poverty mentality so many people have, also known as the fear of more money. This is often a huge problem when trying to build your stairway to success.

If you set a thermostat on your air conditioning system to 72 degrees, and the temperature in the air is below 72 it will not click on. As soon as the air temperature goes above 72, the ac kicks on and works to bring it back down to 72 degrees. When it comes to the fear of more money, people tend to have this in reverse. Most people have a number in their mind pertaining to the cost of their housing, their car, their food; the amount of money needed to be able to survive per a year. They may not be happy with the number but they know that if they at least make that much they will be ok. So when they reach the amount in their head, they tend to stop or slow down.

Researches at IBM took people that were making 40,000 a year that had complained they were overworked and underpaid and gave them each a $10,000 raise. They expected people to work harder because they were getting paid more. Many of these people had the 40,000 mentality so when the money went up to 50,000 they worked 15% less. This study proves just how big of a problem the fear of more money can be.


The Reason Why


Why is this happening? If you look at your IRS tax records for the last few years and they are all the same, even though you have been trying to make more money, then you are probably suffering from the fear of more money. You have an association with money. An association is when something in your brain is linking to money. That association is dictating your relationship and emotions tied to money. So your association is probably, “Some money is ok, but too much money is a problem.” Deep down you have associated something negative with more money. Maybe you associate money with more problems, more responsibility, your friends will be jealous, filthy rich, etc. Your brain has been trained to believe that a certain amount of money is ok, but too much is a big problem.

There shouldn’t be a whole lot of negative associations with more money, there should be a lot of positive. More money could give you the opportunity to bless others, more choices, and more freedom. More money could bring so many positive things, but the problem is, you have associated a lot of negative feelings with making more money.


Stay Positive


I often see people get angry over other peoples’ wealth. They have a negativity towards people that come into money as if it was a bad thing. When people win the lottery, most winners, end up being broke within a few years. Most professional athletes go broke within a five years of their playing days because they make all the money when they are young and have a broke mentality.

We need to associate more positive things with more money in order to rewrite the script of making more money in your brain. Doing this can help you to stop self-sabotaging yourself when it comes to earning more. Think of Some positive things that could occur if you were to have more money. I personally, want to be a better husband, a better father, a better person all around. SO if I am striving to be better in all other areas of my life, why shouldn’t I be trying to grow and develop financially. Life can be so much more efficient, freer, by making more money.

Click to rate this post!

[Total: Average: ]


  1. Robert Taylor says

    This is a piece that came through in my email that sums up how people view money. Just as recently as this year I used to view money in the same light until I read this email. Now, I have a different mindset on money an I welcome it instead of denounce it. Maybe this will change your view too.

    And, just like you, I heard a lot of talk about money when
    I was growing up. Mostly from grownups who said things like:

    — Money doesn’t grow on trees
    — The love of money is the root of all evil
    — We might not be wealthy, but at least we’re honest
    — Maybe it’s just not God’s will for me to have money

    Ever heard those? I’ll bet you have. You can probably
    add a few I haven’t heard before.

    In fact, here’s one that we’ve ALL learned. How do I know?

    Because it’s a constant theme in every movie, TV show and
    book you read:

    ==> Rich people are evil, mean, greedy and unethical.
    ==> Broke people are good, friendly, caring and honest.

    Think about it:

    Who’s the bad guy in Harry Potter?
    The rich kid. And his rich dad.

    Who’s the bad guy in Superman?
    The rich guy, Lex Luthor.

    Who’s the bad guy in Spiderman?
    The rich industrialist.

    And who’s the good guy in these stories?

    Always an orphan.
    Always someone who’s been mistreated.
    Always someone who thinks money is unimportant or unnecessary.

    Take a look at the movie Titanic…

    The ONLY “good guys” in that movie were the poor,
    broke people down in 3rd class…stomping around in
    cow shit and singing and dancing….

    And who were the rich people?

    The stupid, shallow, rich people who were all up on the first class
    deck arguing about whether to have mint sauce on their lamb chops.

    FACT: We are conditioned to believe that money is bad
    and that being broke is somehow better.

    Now, here’s why I’m telling you this….

    Your mind is like a computer. It records everything.

    And from the time that you and I were little, our brain
    has been soaking up all these opinions about money
    and wealth.

    And even though they’re completely untrue in real life….

    ….they can prevent you from being wealthy.

    Think about it: if your goal is to be a honest, ethical, loving, caring
    and generous person……

    ….but you BELIEVE that having money will make you evil, mean,
    nasty and greedy….

    …your mind will not let you take actions that might increase your

    You’ll sabotage yourself every time and keep yourself broker!

    And you won’t even know it’s happening.

    Get that. Really get that.

    And you’ve probably experienced this. I know I have.

    Here’s an example….

    Picture you’re sitting at a stoplight and a beautiful
    Mercedes Benz 600 pulls up beside you. It’s a $250,000 car.

    What’s your first reaction?

    “Look at that stupid rich prick driving that big ol’ car.
    He probably thinks he’s better than everyone. He could
    have bought a Buick and given the rest of the money to
    starving children or another charity….”


    “Wow, look at that car! What an amazing vehicle!
    Isn’t it amazing that such a thing exists! I’ll bet that
    is an incredible thing to drive!”

    If your response to simply seeing a person sitting in a
    car was to automatically label them as a mean, evil nasty

    ……what does that say about your attitude about money?

    Because the truth is you can drive a Mercedes AND give
    money to the starving children! It’s not an “either/or” situation.

    Here’s another example…

    You’re looking for a way to create more income. You want a better
    life for your family. So you start looking for ways to do that.

    You find one. You find an opportunity where people are making
    tons of money and where they seem to be having a blast doing it!

    It’s an opportunity to break away from the herd and start living
    the life you deserve.

    But…..rather than jump in, you start saying things like:

    “Hmm…it sounds too good to be true”
    “If it’s so good, why haven’t I heard of it before?”
    “I don’t know…if I made that kind of money, I wouldn’t know
    what to do about the taxes.
    “I don’t know…..this looks like a scam.”

    And — SNAP — just like that, without even realizing you’re doing it,
    you sabotage yourself and push away the very opportunity you were
    looking for.

    My friend, people go their entire LIVES in this cycle
    of “almost breaking away” and then getting sucked back in.

    It’s tragic. It’s the story of poverty. It’s the story of mediocrity.

    Here’s the solution if you want to start living
    the life you deserve….

    You have to make friends with money.


    You have to stop fighting against the very thing you’re trying to get.

    You have to be willing to see that money flows all around you.
    You only need to find out where the money is going and get in
    front of it.

    You have to realize that money isn’t good OR bad. It’s neutral.
    It’s what you DO with money that makes the difference.

    Quick example…

    My friend was dead broke a few years ago. And he learned
    how to make friends with money.

    He discovered how to call it so that money would come running.

    He learned that money isn’t good or bad. It’s neutral. It’s what you
    do with it that matters.

    ===> Life was not meant to be a struggle.

    It’s your birthright to be prosperous.
    It’s your birthright to have more than what you need.

    But you have to get rid of all the negative programming first.

    And you have to give yourself permission to be wealthy.

  2. Chris Islas says


    Great analogy about the thermostat. A lot of people know how to spend their money, but a lot of them do not know how to CONTROL their spending and it is one of the main reasons why people are “Money Broke”. Not having an income is not “Money Broke” but rather they do not have jobs. People who have jobs have to power to make intelligent choices concerning their finances. Believe me, if you have a job, you have choices and opportunity to have a successful lifestyle and it all begins with the way people think about money. Money is only a tool like deciding do want a handsaw or do you want an electrical handsaw. When you realize how much time and effort it can save you is how money should be perceived.


    Chris Islas

  3. Chuck McGlothlin says

    Phil. Your the Steve Erwin of real estate! As was once pointed out to me. Money is not bad but what we do with the money that makes it good or bad. Thanks for the pointer.

  4. mystic toad says

    Phil. I think your singing was The Spirit coming out, because he’s blessing you and everyone around you! God Bless!

  5. Hey Phill, how do I go about becoming YOUR student? Please let me know, and thanks!

  6. Phyllis Kiernan says

    So that really is a thing? I always had the suspicion that I was a self-saboteur but didn’t understand why until now. Smart and intuitive guy.

  7. Phil,

    Great video! Love it.. Exactly what I needed to hear.

    I do this with time. I have a business and I hired people to support me but I don’t build proper systems because I don’t know what to do with my free time. I’m addicted to being busy.

    I am going to write down a list of things I can do with more time.

    Thanks again,

  8. Heather Rauh says

    great stuff Phil. Nail –> Head

  9. david bokman says

    “Mo Money..Mo Problems”!! Love it!!!

  10. I really liked your topic. The singing part was a little uncomfortable, but you owned brother. You and Justin Williams should maybe create a new reality show where you sing on Podcasts. You could call it “American Idle”, because you folks with no fear of money clearly have too much time on your hands. 😀

    I remember having almost the same discussion with some of my friends nearly 40 years ago. The argument has stood the time. I don’t think I’m afraid of more money, but….maybe. Sometimes I think we don’t fear the big money, rather we just don’t believe in it enough to get the hell out of the ratty foxhole we call a “comfort zone”.


  11. Very helpful.

  12. Emily Smith says


  13. Lol go Phil go, sing your heart out

  14. Isaac Agbolosoo says


    As an engineer myself I am so excited how you applied the concept of cooling system to the fear of money. Your mentoring is one of the best . Thanks

  15. Totally agree with this video, but I am confuse, when I stumbled upon your courses in YOU TUBE because it seems that it’s to late to sign-up in your Apprentice program. I already signed up and made a phone call, left messages. I watched the videos but at the end of the free courses, you mentioned that you have people all over the country, so what does it mean? I noticed that all the YOU TUBE videos were loaded and the posting comments are way back 2012 or even further than that, Is this an ongoing mentor program? or just sharing knowledge or informational videos for the community.

    My purpose in life is to help young women who are victim of human trafficking, so I know where I will spent my money for good cause, so I was very happy when you told your humble story and that you prayed to Papa God and surrender yourself to him. I really like the way your guiding principles of success is based upon the Word of God.

    • Phil Pustejovsky says

      We still bring on new apprentices; but we’ve gotten more and more selective overtime. If you submitted your application, although we may be slow to respond, we’ll eventually get to yours. I appreciate your patience.

  16. You made a piont At 1st My thought was defferent but the was the headline that threw me
    Point well made and taken

  17. You’re great Phil, I love watching your videos and you’ve taught me tons. I am new at RE investing and I absorb everything I hear.

  18. Craig Pfeffer says

    Enjoyed your song! And I enjoyed your advice because I’ve been there and done that. As a Christian I used to think it was wrong to be a millionaire. I now look at it so differently because I now give much more to my church than I could have ever given if I had remained stuck in the “Fear of More Money”. Thanks for the video.

  19. Thanks for all your videos. It helps us a lot. I admired you for mentoring us step by step for free how to become an investor.

  20. Oh, Phil! You are so funny. This is such truth, though.

  21. InvestorGary says

    Don’t you ever sing again lol. Great video, a positive mindset is needed to succeed at anything.

  22. Broderic Armstead says

    “Mo Money Mo Freedom”, go Phil go!

  23. phil you might have career in singing
    for an amatuer it didnt sound that bad lol

  24. Thank you! I will take your advice and stop thinking negatively when it comes to money.

  25. Rob Arnold says

    Very true statements. What I see even more is the lack of big dreams. People just don’t think they can earn big money or deserve big money so they don’t even dream about what they would do if they could obtain it. The become complacent in their mediocre situation.

Speak Your Mind