Introduction to Financial Self-Esteem

 Financial Self-Esteem is a big area to explore. We all carry some of the financial indoctrination we received from our parents and other family members. Much of what we heard became part of our own beliefs and practices. 

The purpose of this article isn’t to give you specific financial advice but more how to use our tools to liberate us from some of our limiting beliefs around money and finance.

Now before I go on I want to extend a personal invitation to join our Private Facebook Group: Be Inspired Enthusiasts. Join a community of like minded people who have a passion for personal change and growth. Take part in our challenges, and conversations.

5 Little Know Ways to Increase Your Financial Self-Esteem

Step One Awareness of your Financial Self-Esteem Gap.

Know your gap. Where are you on a scale from 1 to 10 on your financial self-esteem?

Remember how you ranked yourself…10 being very high financial self-esteem 1 the lowest. Then try some of our suggestions for a week and then rank yourself again.

Before you can begin to make changes to your financial self-esteem you need to do a review of your situation.

Confront your situation by doing an overview of where you are.

I use to get these pangs of fear when I got emails from financial institutions. Many of them were innocuous but they turn on alarm bells anyway.

I finally realized the fear came from not knowing the extent of my finances good and bad.

This is Not Sexy

Create a list of your assets and liabilities.

This activity can lead to self-recrimination, self-judgment and other negative responses. Remember what you are looking at is not about you.  Don’t compare your situation to others. 

We are so used to being judged and judging ourselves that we have to stay clear on our purpose to build our financial self-esteem.

Here’s an affirmation to help with this task.

I choose to believe in my ability to learn about and grow my financial confidence. I am becoming a money master.

If you need a little extra inspiration list to this video by Oprah on comparing yourself. It’s under two minutes: 

Click this link to watch. “Stop Comparing Yourself”.

Activity: Do a Financial Inventory 

Step Two Discovery: What Are Our Limited Beliefs around Our Financial Self-Esteem

What are my limiting financial beliefs? These can be Emotions, beliefs, thoughts, and attitudes.

Again we focus on becoming more aware of our mindset by looking at the negative beliefs we have about money.

To conquer a limiting belief means that we first must become aware of them.

Many of them are hidden down deep. Believe I know Just when I think I’ve finally found the last limited belief about money and finance up pops another. Instead of rolling my eyes in frustration as I use to, now I say a little thank you for the belief coming into my awareness and freeing me.

Here are two prompts to get you started

I don’t feel abundant because…

I’d love to be more prosperous but…

Say thank you to your list.

Ask: And what other limiting beliefs do I have…

Also because we have developed false beliefs about how much money we need to feel financially abundant.

What would make you feel financially abundant?

For help with this question watch this 2 minute and 19 Second Video.


3. Small Steps to Build Financial Self-Esteem

 Below are some ideas on smalls steps you can take to build your financial self-esteem. 

I’m not a financial expert so I won’t even begin to give you any financial advice. However, there are lots of resources you can use to start the process,

Most banks provide a financial consultant free of charge. Start there, 

Take small steps and be patient,

I once had a 15,000 dollar judgment place against me. I worked out a payment schedule and stuck with it for almost 5 years. When I started out it seemed let I would never get the debt paid off, but early in the fourth year I receive a letter from the agency advising me that I had only two months payment left, 

During that time I’d also taken steps to improve my overall financial situation. 

One of the best pieces of advice is to pay yourself first. 

I went to a Facebook Group Called Money Vibe Mastery

Click here to view.

These are screenshots of some of the advice I received that I’m passing on to you.

Financial Self-Esteem comments from Facebook Comment from a Financial Facebook Group

Small steps comment about raising your Financial Self-Esteem

See also my suggested reading list under the Resources section at the end of this article. . These are all books I have read and learned a great deal from.

“I found the road to wealth when I decided that a part of all I earned was mine to keep. It should be not less than a tenth, no matter how little you earn. It can be as much more as you can afford. Pay yourself first.”

4 Adopt a Growth Mindset.

In her, highly recommended book  Mindset by Carol Dweck talks about 2 mindsets. The Fixed Mindset and The Growth Mindset. Below is a graphic I found that illustrates what the two mindsets are. 



If you are struggling financially take a look at this graphic and see where you fit. Chances are you have a fixed mindset about your finances. 

I’ve found a lot of my limiting money beliefs come from the fixed mindset. 

Activity.  What Fixed Mindset Attribute does your limited belief fall under. Then look at the opposite trait on the Growth minds set and find ways to adopt that thinking,

 5. Create a Vision Board of  Your Life as a Money Master. 

If my world has unfolded as planned I included a video of Positive Financial Self-esteem affirmations. Use these affirmations as inspiration to create a vision board that pictures how your life will look as you become more and more confident about your financial situation.

If you are artistic enjoy putting together a physical vision board. 

If you’d rather use a digital platform I recommend Mind Movies. I paid once years ago and I’m still using it today. 

Click here to learn more.


Increasing Your Financial Self-Esteem Summary

I’ve given you a list of 5 practices.

  1.  Build Awareness
  2. Discover Your Limited Money Beliefs
  3. Take Small Steps with Suggestions
  4. Adopt a Growth Mindset
  5. Build a Financial Vision Board

Don’t overwhelm yourself by trying to do them all. Don’t do a disservice to yourself by ignoring this list. 

Pick one or two to work on at a time. Reward yourself when you feel you are making progress.

I’ve included some fun assignments to help the practice stick.

In the comments section below let me know which Financial  Self-Esteem Practice you decided to work on. 

What is your biggest Financial Self-esteem challenge?

Further Reading Recommendations

Further Resouces

My name is Nick Grimshawe. I help people seeking to live extraordinary lives to use the tools of affirmations, gratitude, mindfulness, and Meditation to live the life they envision.

Each week I include a free piece of content either a check sheet, cheat sheet, or resource to help you move forward with your adventure. You can connect to me on social media through the links below.

Connect With Me

My Blog:

Be Inspired Facebook Page

Be-Inspired Enthusiasts Group





Other Resources: 

My number one digital vision board for making for Affirmations Pop

My E-book I Speak Positive Things Into Being: A Positivity Tool Box.

Buy Here

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