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Self-Compassion and Your Financial Wellness Journey

Updated: Mar 21, 2023

When you think about the word compassion, do you ever consider how compassionate you are to yourself? Have you ever contemplated how self-compassion might be a prerequisite to wealth creation?

If you haven't, I want you to answer the following questions:

1.) On a scale from 1 to 5, 1 being not compassionate and 5 being very compassionate, how compassionate are you to you?

2.) On a scale from 1 to 5, 1 being not compassionate and 5 being very compassionate, how compassionate are you to others?

In other words, are you more likely to extend grace, forgiveness, kindness, a second and even third chance to others than you are to yourself? You are worthy of grace and compassion, too. Not just the grace and compassion extended to you by others, but rather, the grace and compassion you can offer to yourself.

Did you know - yes, another question, LOL - that a person can have anywhere between 12,000 to 60,000 thoughts a day? What's more, based on a 2005 National Science Foundation study, 85% of those thoughts are negative. These negative thoughts can lead to a fatalistic thought process about life and, for this post, money. Fatalism means that someone feels powerless to influence their future state of being. Far too many people suffer from fatalistic thinking because they are ashamed of something they've done in the past. Self-compassion is a potent remedy to financial self-shaming.

Think about it. If you do not have positive thoughts about money or your ability to manage it, can you realistically expect to handle cash in a way that will help you achieve your life goals? To your current way of thinking, more money may equate to more financial mistakes. I completely get that. I would also like to add that you have a golden opportunity to let those learning opportunities refine you - not define you.

Positive and forward-thinking thoughts about money can transform how you engage with this resource. In many instances, it can lead to more of it - without the shame, without the guilt. But you have to be willing to extend yourself some grace...Are you?

I can write at length about all the financial mistakes I've made: Some were out of ignorance; Others were out of pride; Some were just foolish - like the "What in the hell were you thinking?" variety of ridiculous (I'll save those for a future post). But I learned that I am not bound to a past mistake despite the consequences of that misstep(s). And, quite honestly, it took me a long time to learn that lesson.

It does not have to take you years to do the same. I am allowing you the space to laugh, cry, seek counsel, run, or pray off what you've done in the past. The light is at the end of the tunnel ahead - not the darkness associated with what is behind us. You deserve self-compassion. And you'll deserve it again, and again, and again. Some of us learn the hard way - myself included :).

My friend, your race towards financial well-being is not just about what we know about investments, risk management, budgets, and taxation. It's about the health of your heart and spirit as well. Whether you realize it or not, you have the key, but you have to turn it towards yourself. You are the door, too!

With that being said, here is yet another question: On a scale from 1 to 5, 1 being positively no and 5 being positively yes, do you want to experience your best life?

My hope is that you answered that question with a 5. I want you to experience your best life, too! Now that we are on the same page, would you consider taking one step to forgive yourself for a financial mistake you made yesterday and the grace to accept that your financial journey may not be smooth sailing ahead? But I promise that it will be worth it - every step, every moment, every tear, every outburst of joy, every frustration, and every victory along the way.

So, here you go. Take all the time you need, right now, to extend yourself some grace. Self-compassion is the gateway to your financial success story.

If this message resonates with you, consider supporting our work and reminding yourself of the journey by purchasing one of our Self-Compassion is a Vibe tee shirts:

You have more power than you think. Own it!

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