In her book Secrets of Six-Figure Women, Barbara Stanny writes that numerous psychologists told her that the amount people earn indicates how they feel about themselves, like a mirror reflecting back their level of self-worth. She shares that most of the 150 six-figure women she interviewed admitted that as their earnings soared, their self-esteem increased.
One woman said, “When I made money it changed the way I thought about myself.”
Another added, “I made $150,000 so far this year, which tells me people think I’m talented. When I wasn’t making money, I would say . . . ’you’re so talented you should have more clients.’ But it wouldn’t help. I didn’t feel worthy. Making this kind of money feeds my self-esteem.”
Stanny also found that for the high-earning women she interviewed, money was not the motivator.
Rather, it was what the money represented: recognition, security, challenge, and independence. She also discovered that, despite the fact these women were earning more than 99 percent of the people in the world, very few felt rich. Instead, most felt that even though they were earning six figures, they still didn’t have enough money.
Do you agree?
Does money change how you view yourself? Is making money your motivation, or is it what the money represents? Do you feel that no matter how much you make it still isn’t enough?