Your Relationship With Self-Worth And Money: It’s complicated

Money / May 22, 2020 By Soapbox

Does your bank balance determine who you see in the mirror? Research shows there’s a powerful connection between self-worth and net worth.

It's important to have high self-esteem and sometimes that can be tied to your financial success and assets. That's not how you should judge yourself as a person, but money can impact whether someone has healthy self-esteem.

Let’s take a closer look at what that means for your mental health and bottom line.

Defining self-worth

Self-worth is how much you value yourself and what you think about yourself. Synonymous with self-esteem, self-worth is a critical piece of the mental health puzzle. Since our self-worth determines what we think we deserve in life, it often leads to a self-fulfilling prophecy — which can either bode well or poorly for us.

How we feel about this can impact our confidence, change how we interact with our friends, and even make it hard to feel good.

The connection between self-worth and money

When you meet someone for the first time, what you do for a living comes up pretty early in the conversation, right? That’s because we’re ingrained from a very young age to equate our identity with our occupation. Your job title instantly conveys certain information about your educational background, your social status, and your bank account.

The same things tend to be out front on social media where people share successes but maybe tend to put a little extra shine on their accomplishments. You should not need to do that to feel good or build your self-esteem but the reality is many of us do.

Depending on what you do for work, you may feel either a sense of embarrassment or pride when you talk about it. This emotional response is the result of social conditioning. We’re taught to believe that some jobs are prestigious and of great value, while others are lowly and menial. Since we’ve put such a strong link between occupation and identity, and since our job is thought to be closely tied to our wealth, it’s not a shock that we’ve connected our self-worth to our financial standing.

After all, self-worth is an abstract concept. But money is not.

 To continue reading, please go to the original article here:

https://financialbestlife.com/your-relationship-with-self-worth-and-money-its-complicated/