Low self esteem and financial success

It is believed that low self confidence could be one of the main obstacles towards one’s financial success.Bestselling author Barrie Davenport points out. “Low confidence makes us doubt our abilities and judgment and prevents us from taking calculated risks, setting ambitious goals and acting on them. At work, people who suffer with this problem often engage in subconscious behaviors that undermine their success, making them less likely to ask for or get promotions, raises and even jobs.”

Low self-esteem is problematic for a variety of reasons, but one of the biggest issues is that it can be quite conspicuous. People notice low self-esteem right away and, unfortunately, coworkers, bosses, customers and clients make negative assumptions about people who exhibit behaviors of low self-esteem. For some reason, there’s a belief that low self-esteem goes hand in hand with incompetence and apathy.

From a general point of view, it’s better to have confidence and high self-esteem. Let us learn about what specific economic consequences people with low  self-confidence deal with in their careers.

• Lower earnings. The earnings are much lower than those with total self confidence and poise.

• Entrepreneurial inactivity. Apprehensive about pursuing a new idea about a product or service. Lack of confidence often gets in the way of a good idea and leads to entrepreneurial inactivity. It’s clear that people with high self-esteem are much likelier to start their own ventures and enjoy the fruits of their labor.

• Less financial risk. People with low self-esteem don’t like to take risks with their money. So, instead of taking a chance on investments they stash in accounts that yield little or no returns only because it feels safe. Low self-esteem often goes hand in hand with incompetence and apathy.

These are just a few of the costs, but they give you an idea of just how much you’re missing out on. Low self-esteem might be a minor annoyance in certain areas of your life, but it’s downright expensive in your professional life.

Tips for improving your self esteem

Be confident in your appearance:

While there are much deeper issues associated with self-esteem, one of the biggest factors involves your image and personal branding. If you do not feel confident about  your outward appearance, then you may find yourself hiding, apologizing or overcompensating. And in many cases, there are three common pain points: teeth, weight and blemished or scarred skin. By dealing with appearance issues, you can give yourself an immediate boost of confidence and turn your attention toward the root of your self-esteem problem.

Recognize your strengths:

In order to eradicate self-doubt, you have tofill yourself with positive thoughts. Whenever you find yourself struggling, grab a pen and paper and write down your strengths. This process of identifying positive attributes will breed confidence.

It might also be helpful to keep an accomplishment journal. In this journal, you can write down all of the accomplishments you’ve had each day.Similar to maintaining a cookie jar 

Surround yourself with supportive people:

Finally, you need to be cognizant of who you surround yourself with. If you’re with people who are petty, arrogant and egotistic, you’re probably going to have an inferiority complex. However, by surrounding yoursel with supportive people, who believe in you, you’ll find that confidence and self-esteem are natural byproducts.

Give yourself a chance to be successful:

Low self-esteem is a serious problem with serious consequences. If you’ve tried to cultivate confidence, only to see diminishing returns, it might be time to speak with a therapist who can help you identify the root causes and aggressively pursue a life that’s characterized by high self-esteem. Now is the time to do something!

 

Pic Credit: Pixabay