May 16, 2022
Does the state of your bank balance affect your sense of self-worth?
Do you only feel good just when you have money to spend?
If you can relate to the above scenario, know that you are not alone. A lot of people are caught up in this unhealthy lifestyle. When your self-worth is based on money, you become extremely vulnerable since your perception of yourself is linked to something that can change.
That’s why it’s critical to separate your self-worth from your wealth, which we’ll discuss in this blog post.
Let’s take a look at the definition of self-worth and networth
Your self-worth is how much you value yourself and what you think about yourself while your networth is the grand total of all your assets minus your liabilities
How do you separate your self-worth from your networth?
The way you think of yourself, care for yourself, and say about yourself matters. if you only consider yourself as accomplished in life if you attain a goal or have a specific quantity of money you are setting yourself up for failure. While having ambition and desire are necessary, attaching them to how you view yourself is not the greatest way to live.
Redefine your values
Another way to separate your self-worth from your net-worth is to redefine what you value. Make a list of everything that is important to you, and then figure out how money fits into the picture. When you do this, you will realize that there are things in life that are more important than money.
Use positive affirmations
Make a list of positive affirmative sentences to read to yourself on a daily basis.. Also, replace negative phrases and thoughts with positive ones.
Learn more about personal finance
One way to know more about money and change how you see money is to learn about personal finance. Knowing the fundamentals of budgeting, saving, borrowing, and other aspects of personal finance may be beneficial. This can be learned via reading books, listening to podcasts, and watching movies about personal finance.
You don’t have to go through this journey alone. You can reach out to professionals to help you with useful guides and techniques to separate your self-worth from your network.
It is good to set and pursue financial goals, and this should be encouraged. Just don’t let your goals define you. Always keep this saying from Mark Victor Hansen in mind – “When your self-worth goes up, your net worth goes up with it.”
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