5 Ways To Build Pride When You’ve Lost Your Cashflow

Posted by fxckfeelings on February 11, 2016

Unlike with love, ‘tis better to have always been broke than to have known big bucks and lost them all. If, like our reader from earlier this week, you find yourself in the latter situation, you don’t need to find yourself poor in both cash and self-respect. Here are five ways to build pride when you’re poorer than you used to be.

1) Forget Myths About Former Success

You probably think your prior success was due to hard work, strong ability and perhaps some unique talent/chosen one status. If you re-examine the role of luck and remember the people you know who worked just as hard and got nowhere, it’ll become clear that you weren’t quite so chosen as you recall. When you realize you don’t control success, failure becomes less personal, and future success, should you be lucky enough to find it again, becomes that much sweeter.

2) Judge Job Quality Objectively

Since we’re often far too hard on ourselves, evaluate your employment situation as if you were considering a friend in the same position, using objective criteria to define good performance (and being a friend to yourself, as well). Never use criteria like how much you’re making, whether it’s more or less than before, or whether it’s more or less than your friends or, worse yet, enemies.

3) Don’t Avoid Downsizing Decisions

Cutting back has undoubtedly required painful and sometimes humiliating sacrifices, not just for yourself, but for your family, and often within judging distance of the neighbors. As much as you’d like to forget them, list them instead to remind yourself you had the courage to do what was necessary, even though it hurt.

4) Value Evaluation

Using the friend POV again, ask yourself how much you respect someone who is hardworking, happy, and rich versus one who lost his dough and is now hardworking but unhappy and poor, perhaps to the point of suffering. Remember your answer whenever you feel like a loser, and don’t hold back from reprimanding yourself for being a judgmental jerk.

5) Rate Effort, Not Outcome.

Without comparison to your former self or dreams of obscene wealth, evaluate your efforts to do a good job using the mental equipment and other resources that you actually have, not what you wish you had. If you’ve prevented discouragement from diminishing your effort, give yourself a high score. Just because you lost your good luck doesn’t mean you’ve lost your ability to work hard, try hard, and value what you do; you may have lost your wealth, but that doesn’t mean you’ve lost your worth.