When I was growing up we never talked about money in my family.
We lived on a hobby farm in a house my dad built and it always seemed to be under construction. We used an outhouse, and my parents never got a working toilet until after I graduated and left home.
I thought we were poor. That we didn’t have very much money and we weren’t supposed to talk about it. ‘There’s never enough’ was a belief that ran my life through my 20’s.
Here’s the thing. My parents were entrepreneurs. They had money. We just lived simply. I made up all kinds of stories around money and worth based on what I thought was happening, and then I lived those stories as if they were true.
How do you feel about money? Is it something that’s “hard-earned” but easy to spend? Do you believe you’ll be wealthy, or is wealth something for lucky people? Studies show that you can grow your net worth even if you earn an average salary.
The big difference between those who are relatively wealthy and those who are just getting by is something that’s well within your control: self-esteem.
1. Wealthy People Have Higher Self-Esteem
One thing wealthy people have in common is that they don’t worry too much about whether they deserve their money or not. They have a healthy sense of self-worth, they believe in themselves, and they expect to make money easily.
An easy way to increase self-esteem is to change your attitude towards yourself using these simple methods:
- Accept compliments, don’t bat them away.
- Think of all the good things you contribute to the world.
- Start your gratitude practice by thinking about something you’re proud of about yourself.
- Assert yourself and feel into your worth.
2. Action Leads to Results
Fear = False Evidence Appearing Real
Fear can stop us from ever even trying for what you want. Learn what your money fears or blocks are and the push through them to get ahead.
Not many people enjoy asking for a pay rise or negotiating a better contract. But if you don’t do those things that make you feel uncomfortable, you start to believe that you can’t, and your self-worth plummets.
The nice thing about being brave and taking a risk is that every time that risks pay off, you get a boost to your self-esteem and it won’t be so hard next time. And when it comes to money, your bank balance and your self-worth can grow together.
3. Redefine self-care
Do you buy yourself a treat when you’re feeling a bit low? Anything from a coffee and doughnut to a new pair of shoes can give you a boost.
That sort of retail therapy might give your self-esteem a short-term lift, but it does nothing for your credit card. Defining self-care in terms of buying stuff becomes an unhealthy way to feel good.
A better long-term option is to redefine self-care to include being financially responsible. Instead of indulging in emotional spending, learn to take a step back before you hand over your credit card. Will you feel better at the end of the month with a new set of golf clubs, or with enough money not just to pay the bills but to invest?
Once I realized how my internal thoughts and beliefs about myself and about money were holding me back, I began to use the techniques here to shift my mindset. I started with ‘there’s always enough’ and moved on to ‘there’s more than enough’.
Abundance starts inside.
Reprogram your mindset and recognize yourself as a worthwhile long-term investment.