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The Family Business Leader Podcast


Feb 14, 2018

For the past couple of years, I’ve been doing a lot of personal work, self-reflection, and goal-setting. As I’ve mentioned previously, I’m a big fan of Michael Hyatt, and one of the most powerful exercises that I’ve done with him is around limiting beliefs and liberating truths.  

I like this definition of limiting beliefs from changingminds.org:

“Limiting beliefs are those which constrain us in some way. Just by believing them, we do not think, do or say the things that they inhibit. And in doing so we impoverish our lives.”

I also like the visual provided by this quote from Rosamund Stone Zander and Benjamin Zander, authors of The Art of Possibility:

“Every story you tell yourself is based on a network of assumptions. Draw a different frame around the same set of circumstances and new pathways come into view.”

From my perspective, identifying and understanding your limiting beliefs is absolutely fundamental to achieving your goals. If you have a goal that seems out of reach—no matter how big or small—maybe now is the time to take a closer look at what is standing in your way. I hope that sharing my experiences and guiding you through an exercise in this podcast episode will help reframe your beliefs and move you forward to achieve what’s in your heart. You’ve got this!

Topics discussed in this episode:

  • Intro to limiting beliefs (:45)
  • What are limiting beliefs? (1:45)
  • My personal experience with limiting beliefs (2:45)
  • Limiting beliefs exercise (8:43)
  • Step One: Write down your goals (9:00)
  • Step Two: List your limiting beliefs (9:42)
  • An example from my life (12:02)
  • Step 3: Turning limiting beliefs into liberating truths (17:00)
  • Step 4: Create affirmations that shut down limiting beliefs (19:35)
  • Wrap up and resources (20:09)

Notable & Quotable:

A limiting belief is something in your mind that is standing in your way of achieving something else. —Ellie Frey Zagel #successfulgenerations


Identifying and understanding your limiting beliefs is fundamental to achieving your goals. —Ellie Frey Zagel #successfulgenerations


Resources mentioned in this episode:

Reframing Limiting Beliefs Worksheet

Changing Minds definition of limiting beliefs

The Art of Possibility by Rosamund Zander and Benjamin Zander

Michael Hyatt’s description of limiting beliefs

Michael Hyatt’s Best Year Ever


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Have a topic suggestion?

If you are the next generation of family business, philanthropy and wealth, and have a topic you think we should discuss, let us know at Ellie@successfulgenerations.com.