3 Ways Your Lack of Self-Worth Is Undermining Your Net Worth
Women of self-worth win
When you don’t feel like you fit in, or when you’re feeling like a fraud, your self-worth can take a beating.
- Perhaps you’ve got a new job, a new manager or the goal posts have been changed and it’s stressing you out
- Perhaps you’ve been promoted out of your comfort zone and you’re struggling
- Or maybe you’re an only – the only woman in a sea of men – and you’re feeling like a fish out of water.
All these situations, and many more, can undermine your self-worth which can have direct ramifications on your pay packet unless you do the work.
Every day I have conversations with executive women just like you about money, negotiating, promotions and recognition and here’s what I’ve learned about how your self-worth can really undermine your net worth unless you do something about it.
When your low confidence or low self esteem gets in the way of you asking for what you want or even articulating your value, your pay is affected. You’re less likely to introduce into the conversation that you want more money, or you take “no” as a “no forever” instead of “no for not right now but ask again shortly”.
Heaven forbid that you actually initiate a negotiation conversation or talk about your wins and achievements, because you’ve begun to doubt your own value, and certainly can’t communicate it to others effectively.
Remember this: When you don’t negotiate, you’re not just leaving money on the table, but in fact handing it to the guy (most likely) who did ask. Plain and simple. It’s the way the bell curve allocation process works.
THE FIX? Keep a regular journal of wins and achievements, no matter how small. An evening gratitude practice is a great place to start, and it can then morph into something more work orientated, with quantified achievements, as you build the muscle. There is nothing quite like the feeling of quantifying your achievements either first thing in the morning or last thing at night! Try it. Guaranteed to put a smile on your dial, give you a boost to your self esteem and ultimately add to your pay packet!
NOT CLAIMING CREDIT WHERE CREDIT IS DUE
In not giving yourself credit, not claiming credit, not allowing yourself to accept the plum assignments or recognition and accepting your due, you’re doing yourself and others a disservice. Others may begin to doubt your credibility, you may lose their professional respect and then even you begin to doubt yourself. It’s a viscous cycle.
Once again, when you don’t accept credit you’re not just leaving money on the table, but someone else gets the benefit. It’s the way of the universe.
THE FIX? Start learning ways to claim credit where credit is due without sounding like you’re bragging. Stand up for yourself and your earning potential by sharing proactively, visibly and strategically, with the powers that be so you don’t get caught out unawares.
NOT INVESTING IN YOURSELF TO REACH YOUR FULL POTENTIAL
People reward and promote you when they can see your potential to do more, not just how well you do your current role, so it’s important you look for ways to demonstrate and articulate that potential. Don’t allow your small self, who fights regular battles with doubt, fear and shame, to make decisions about investing in your potential. In fact, if the small self says no, then that’s probably a sign this is something you need to do! Once again, this is a classic case of when you don’t invest in yourself, you’re not just leaving money on the table, but in fact giving that money to the person who is investing in themselves.
THE FIX? Investing in programs or courses that boosts your potential and help you articulate and demonstrate that potential, not only bolsters your self-esteem but helps you get to where you want to go far faster. When your small self starts to get loud and negative on your shoulder, ask yourself “what would a wise and confident woman do?” Then do that. It is worth it because you’re worth it.
Your self-worth and net worth are so closely intertwined that it’s worth spending some extra time pondering this. Do the deep work, identify mindset blocks and work through your blind spots. While the system might be broken – there are times when we women need to step into our own power, own our own awesome and prove the system wrong anyway.
Let me know how you go!
YOUR THOUGHTS? Drop me a note – I love hearing how you go about building up your self-worth.
PRICE INCREASE FROM 1 MARCH
Just as I encourage my amazing clients to do, it’s time for me to own my own awesome. Over the last two years while many of my clients have been achieving phenomenal goals, my prices decreased in response to the pandemic and economic uncertainty. As of 1 March my prices will be increasing again. If you’ve been sitting on the fence, now is the time to make a decision. Own your own awesome – invest in your own potential, and I can’t wait to see what’s possible for you in 2022.
#womenofimpact #LookOutCSuiteHereSheComes #ICreateSheroes