Page 16 - March 2023
P. 16
Emotional poverty can start in various ways,
but it often stems from early childhood
experiences and societal messages about
money and success. Growing up, many
individuals may have absorbed limiting beliefs
about their financial worth or abilities, and may
have witnessed financial stress and struggle
in their families. These negative feelings can
imprint on the subconscious and form
patterns that keep repeating the cycle of
emotional poverty. Negative messages and
stereotypes surrounding money can lead to
feelings of shame or guilt, causing one to
believe that they are not good enough. This
By Dawna Campbell internalized shame and guilt can manifest in
Money and emotions are closely intertwined various ways, such as compulsive spending,
self-sabotage, or fear of investing in oneself.
and when the relationship between the two To truly break free from this cycle, it is
are negative, it can lead to emotional poverty. important to address and transform the
Emotional poverty is a feeling of inadequacy, underlying beliefs and emotions that drive it.
anxiety, and shame around money, regardless
of how much money you have. People who
experience emotional poverty often feel that Money Anxiety
they are not good enough, smart enough, or Money anxiety is a common experience for
deserving enough to have financial many people. This can manifest as feelings of
success.This negative self-talk and self- stress, worry, or fear when it comes to money.
doubt can be damaging to their mental health For some, this may mean avoiding financial
and financial well-being. When people feel obligations all together, or obsess over every
emotionally poor, they might avoid taking financial decision. When money anxiety
risks, feel powerless to make positive becomes chronic, it can be difficult to
changes, and experience anxiety, and stress transform the cycle of stress and worry. This
around money. anxiety can also lead to a lack of financial
knowledge.
Money anxiety can impact every aspect of a
person’s life, from their relationship to their
ability to reach goals and aspirations. It can
be especially challenging for those who live
paycheck to paycheck or those who struggle
to make ends meet. Anxiety leads to feelings
of insecurity, shame, and self-doubt, which
then fuels the negative cycle around negative
thoughts, behaviors, and feelings around
money.Chronic money anxiety can also result
in procrastination, avoidance, and self-
sabotage that can prevent you from achieving
financial stability, abundance, and prosperity.
Money anxiety can escalate into mental health
issues, such as depression and anxiety
disorders.
Page 16 I iNETrepreneur Magazine
