How do you separate self-worth from net worth? [Manisha Thakor]
Jan 4, 2024
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Manisha Thakor, a seasoned financial executive in wealth management, discusses the myth of 'The Number', separating self-worth from net worth, the impact of small traumas on behavior, exploring Internal Family Systems, psychedelics, and a near-death experience that shifted perspective. She emphasizes the importance of disconnecting self-worth from financial status and the negative impacts of comparing oneself to others. Thakor also reflects on her journey and the impact she has made in the field of personal finance for young women professionals.
The myth of The Number in relation to net worth can perpetuate a never-ending cycle of feeling unworthy and never achieving enough.
Workaholism can have detrimental effects on relationships and overall well-being, emphasizing the importance of achieving a healthy work-life balance.
Deep dives
Separating Self-Worth from Net Worth
The podcast explores the question of how to separate one's self-worth from their net worth. The guest, Minisha Tucker, shares her personal journey and experiences in the financial industry. She emphasizes the importance of understanding one's psychological gender and how it affects their perception of money. Tucker discusses the role of small-tea traumas in shaping our behavior and self-worth, using personal examples to highlight the lasting effects of childhood experiences. She encourages listeners to reflect on their own traumas and consider how those experiences may impact their relationship with money. By examining and understanding these factors, Tucker suggests that individuals can begin to find a healthier and more balanced perspective on self-worth and finances.
The Emotional Cost of Workaholism
The dangers of workaholism are explored in this episode. Tucker shares her personal experiences of being a workaholic and the impact it had on her relationships and well-being. She highlights the importance of recognizing the emotional cost of workaholism and the need for balance in life. Tucker discusses the role of societal pressures and expectations in driving workaholic behavior. She encourages individuals to evaluate their own attitudes towards work and strive for a healthier work-life balance to avoid the negative consequences of excessive work.
Reevaluating the Retirement Number
The concept of the retirement number is examined in this episode. Tucker challenges the idea that there is one magic number that guarantees financial security and happiness in retirement. She shares her own journey of reevaluating her retirement number and realizing that it was not the key to fulfillment. Tucker emphasizes the need to consider emotional well-being alongside financial goals when planning for retirement. She encourages listeners to explore what truly brings them joy and to find a balance between financial stability and personal fulfillment in retirement planning.
Finding Emotional Well-Being in Connection and Curiosity
The importance of emotional well-being is discussed in this episode. Tucker shares strategies for cultivating emotional wellness, including focusing on connection and curiosity. She highlights the significance of human connection and the value of investing time and energy into meaningful relationships. Tucker also discusses the power of curiosity and engagement in activities that bring joy and create personal growth. She offers practical tools, such as stream-of-consciousness writing, engaging in new experiences, and taking time for mindful walks, to help individuals foster emotional well-being.
Playing the “net worth” game puts you on the never-ending hamster wheel of never hitting “enough.” In this episode we look at the myth of The Number, how unworthiness drives achievement and how to rebuild your identity outside of your bank account. [Episode 30]
Manisha Thakor is a seasoned financial executive in wealth management. She’s the author of MoneyZen: The secret to finding your enough.
