Confidence Killer: Do you mistake net worth for self worth?

what gives you confidence?

One of the largest confidence killers I’ve ever seen in people is when they confuse net worth with self worth.

Self Worth = Respect for yourself. Your value as determined by you. It’s your internal worth, and the most important component of confidence. It is, without doubt, your greatest asset.

Net Worth = The value of your financial assets, minus your liabilities. Determined by the market, it is your external worth. It is an asset that fluctuates over time. It is fluid and quite vulnerable.

I cannot tell you how often I’ve seen these 2 confused. Especially in these highly volatile and materialistic times, where people are out of work for extended periods of time, and luxury brands and lifestyles are seen as signs of quality. More and more, people without a steady income or a Louis Vuitton handbag see themselves as worthless.

Don’t fall for this. It is simply not true. One has absolutely nothing to do with the other.

Net worth creates a false sense of security. Its value can be stripped from you at a moment’s notice.

However, self worth can never be taken from you. It is yours and yours alone. In fact, the stronger your self worth, the less vulnerable and more valuable you become.

Strengthen this asset by investing in yourself daily: time to learn new things and meet new people. Do internal affirmations (yes, they work.) And practice positive self talk.

Focus on your strengths and build on them. That’s how you create true wealth.

Self worth is the one asset that lasts a lifetime.

How do you invest in yourself?

 

Copyright 2014 Michelle Kerrigan

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