How Your Self Worth Ties in to your Net Worth

By Andy Hayes

Have you ever considered how you feel about money and relationship with money contributes to how much success you have with money?  There are studies that illustrate the poor state of affairs many of us have with our money relationship.  And it makes sense – if you don’t think is is possible for you to be wealthy, if you avoid taking care of your debts, if you are fearful of saving and investing, then of course – it is not possible to get the results you really want.

I recently read a new book by a favorite author of mine, Nancy Levin, regarding this very topic.  Worthy addresses the underlying emotional and subconscious beliefs that can undermine our financial process.   Some of the big questions Nancy walks you through answering:

  • What are you avoiding about money?
  • Have you given your power away when it comes to money?
  • What are the benefits of your current bad money habits?
  • How to get started making better financial decisions?
  • What do you want?

You can’t see your money beliefs.

Almost half of this book is dedicated to taking the covers over your money beliefs – because they’re right in front of you, you can’t see them.  Your beliefs about money can hold you back and shield you from the best decisions for you.  Here are some examples of money beliefs that are limiting:

  • You have to spend money to make money.
  • I will always struggle with money.
  • Money burns a hole in my pocket.
  • I’m not smart enough to be financially successful.
  • Money is the root of all evil.
  • Rich people are evil.
  • I’ll never be debt-free.

Do you find yourself nodding in agreement with any of those statements?  Then you’ll find the content of this book refreshing.  It is possible to get past your negative feelings and fears of money.

3 of My Favorite “Worthy” Prompts

This book has so many great journaling prompts.  Here are 3 I’ll share that you can try on for size right now:

  • My complaints about money are…
    • Once you finish that list, take a step back and look at it.  Do you see any patterns in the list, or patterns in your life that have given you that complaint?  Is there anything on the list that could possibly, just maybe, be not true?
  • The money story of my parents and/or family that I experienced as a child was…
    • Do you see any similarities of this list with your own money complaints?  Did you inherit any money beliefs that you don’t really want or don’t really believe?  You can always change your mind….
  • If I could achieve the impossible, my money goals would be…
    • This is an opportunity to imagine and dream BIG.  But, don’t just say you’d have billions of dollars. Go deeper and more detailed — what would you DO with billions?  Write down specific numbers.

Don’t read this book if…

Don’t read this book if you aren’t going to get yourself some blank paper or a fresh journal and DO the exercises.  The material is such an easy ready, but it’s meaningless if you don’t apply to your own personal situation.

This applies to all books – it’s not enough to read, you must absorb – but in this particular book, it’s so very essential.