Financial Self-Worth versus Financial Codependency
Posted on 11/18/2011
The professions of financial services and psychotherapy each have many of their own specific terms. With a growing understanding that these two professions have an overlapping area in feelings and emotions, new terms are starting to emerge. One of these is financial self-worth.
While financial net worth and financial self-worth are sometimes used synonymously, they actually are very different. Financial net worth is made up of our monetary assets minus our liabilities. Financial self-worth is the ability to feel positive about who we are and to be comfortable with our financial situation and the amount of money we have.
Another related term, with still a different meaning, is financial self-esteem. As an example, you may feel great for a while about making a sale that has helped your financial situation, yet still have an inner desire to get more money. The successful sale gave only a temporary boost to your financial self-esteem.