5 Reasons People Struggle with their Finances (5 of 5)

5) Connecting Self Worth to bank balances

Show me your Income Statement and Balance Sheet and I wager I can get a fairly good idea about how you perceive your own self worth. While financial statements are NOT indicators of one’s self worth, my experience has shown that how one manages their finances is often a window into subconscious beliefs of personal worth. I’ve witnessed clients make shifts in their belief systems which correlated to a shift in financial management and a positive trend in overall net worth.

… and what to do about it:

Realize that financial statements are a tool, a means to measure progress toward your financial goals. Identify your current perception of wealth and worth. Utilize the first exercise you did of indentifying your money beliefs (#1 above) and reflect on where your current Deserving Index is. Decide if that level is serving you to reach your goals. If it’s not then let’s make that shift happen.