With so many obstacles on the path to your success, why let what’s in your head be one of them?

Mental traps are toxic because they cause skewed perceptions and misjudgments. Come to terms with initial thinking errors to free your path towards success. 

Self-Limiting Beliefs and Self-Doubt

Common mental traps are self-limiting beliefs and self-doubt. These are formed out of negative experiences and convince us that we are not good enough or cannot be successful. Overcome these thinking errors and reach your full potential by learning from your mistakes. Have faith in your abilities and continue to push yourself to greatness. 

Going hand-in-hand with self-doubt is the idea of perfectionism. Perfectionism robs you of appreciating and celebrating your achievements since ‘they’re not good enough’—hence not perfect. This is rooted in fear. Fear of rejection, fear of criticism, and fear of flaws. However, we are human, and all humans make mistakes. Focus on self-improvement to be the best you can be—and trust that it is good enough. 

Imposter Syndrome

Another mental trap is imposter syndrome. This is common when starting a new job or moving up to a position of power.  Remind yourself that you are not an actor and did not get this opportunity out of pity. Being promoted reflects your hard work. Landing your dream job verifies you earned it. Continue to prove yourself and push towards bigger and better goals. 

One of those goals may be about your finances.  Having a target savings amount for 2024 may help you stay focused and motivated.  Every day that you decide NOT to buy coffee or a new top can be added to that savings target.  You can break free from those habits that are not necessary now but will reap benefits for your future.

On your way to improvement, keep an open mind. We may tend to interpret information in a way that solidifies our preexisting beliefs. For example, if you have a lazy employee, you might think all their actions are lethargic. Push yourself to see other points of views so you do not make flawed decisions. Maybe your employee is dealing with a serious situation, a medical condition, or is working three jobs to get by. Instead of jumping to conclusions, distinguish what you know from what you’ve observed. Do not make decisions that will create major hurdles for you in the future. 

Identify these mental traps and break free from them. Do not let your insecurities block your success. 

Find more articles by Marilyn on Plaid.


Marilyn Suey is a Registered Representative with, and securities and Retirement Plan Consulting Program advisory services offered through LPLFinancial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Mariner Independent Advisor Network, LLC a Registered Investment Advisor. The Diamond Group Wealth Advisors and Mariner Independent Advisor Network, LLC are separate entities from LPL Financial.CA Insurance License #0E01981
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification mark CERTIFIED FINANCIAL PLANNER™ in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification mark.
Marilyn is the Founder and CEO of The Diamond Group Wealth Advisors. She is a nationally recognized Financial Educator, Author, Speaker, and Wealth Manager, who you may have seen in NBC, ABC, CBS and FOX network affiliates and Yahoo News, Wall Street Journal’s Market Watch, Wall Street Select and others. Marilyn and her team at The Diamond Group Wealth Advisors have been showing business owners, healthcare professionals, and executives how to accumulate, preserve, and pass on their wealth for almost 20 years. Marilyn developed The Prosperity BluePrint™, a five-step wealth planning process, that includes strategy for Wealth Accumulation, Wealth Preservation, and planning for your ideal retirement lifestyle. She founded the Savvy Women Community where she shares her wisdom and experience with like-minded women. She received an MBA from the Wharton School at the University of Pennsylvania and a degree in Applied Math and Economics from UC Berkeley. To schedule your complimentary Lifestyle Upgrade Assessment, call: (925) 219-0080 or email; marilyn.suey@diamondgroupwealthadvisors.com