Emotions and Money: The Difference Between Your Net Worth and Self-Worth

Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. In the fourth week of #FLM18 we were thrilled to support this initiative and help increase financial literacy with our weekly #CreditChats. This week we discussed emotions and money: the difference between your net worth and self-worth.

The panel included: Erin Wiley: Licensed Clinical Counselor and Owner of The Willow Center; Rod Griffin: Director of Public Education at Experian; and Christina Roman: Social Media Specialist at Experian.

We also featured financial tips all week on Snapchat.

Questions We Discuss:

• Q1: What is net worth and how is it calculated?
• Q2: Why is it important to be aware of your net worth?
• Q3: What is the difference between your net worth and your self-worth?
• Q4: Is it possible that your net worth can positively or negatively impact your self-worth? If so, how or why?
• Q5: Vice versa, is it possible that your view of your self-worth can impact your net worth?
• Q6: How can people separate their perception of their net worth and their self-worth?
• Q7: What are some positive mindsets and behaviors that can help us improve our overall financial health and net worth?
• Q8: How can you quantify your self-worth without considering your material possessions?
• Q9: What resources are available for someone struggling with their self-worth as a result of a negative relationship with money?
• Q10: How can improving your financial literacy boost your net worth and your self-esteem?

View the Complete Tweetchat via Wakelet:

If you’ve never heard about #CreditChat, here is a brief overview:

Relevant chats on YouTube:

• Ways to Control Emotional Spending
• How to Juggle Debt & Retirement
• How to Pay Down Credit Card Debt Faster
• How to Eat Healthy (Without Breaking the Bank)
• How to Throw a Fun Dinner Party on a Budget