Your money does not reflect your worth
Posted on January 17, 2024 by Isabelle Saleh, One of Thousands of Money and Finance Coaches on Noomii.
Linking our self-worth to our money results in three major problems
Have you ever linked your self worth to how much money is in your bank account or how much you earn?
I know I have.
There are at least 3 major problems with this:
1- The money you have or you earn is influenced by many external factors which have nothing to do with you: when and where you were born, your parents’ money (or lack thereof), where you live now…
Should Malala Yousafzai feel a thousand time less worthy than a billionaire?
2- Your assets (the monetary value of what you own) and your salary can vary widely from one day to the next (loss of a job/new job, market crash/market boom, accident/cash windfall, pandemic…)
Was Mark Twain worthless when he lost all his money 20 years after writing The Adventures of Tom Sawyer?
3- Last, and most importantly, linking your money to your net worth means kicking yourself when you are down and praising yourself when your ego may be too inflated for its own good.
So how about we reverse the trend and work on our self worth before our net (financial) worth? When you do this, you may be surprised (or not) to notice that boosting your self worth increases your money: it has been my clients’ experience and mine. It’s worth a try, don’t you think?
