Money Management

How Your Fears Affect Your Money

Growing up, I was never taught to face my fears. I was taught to work through it or around it. Let’s take scary movies for example. They gave me nightmares, even during the day (I have a very active imagination), for weeks after just one movie, therefore, I just didn’t watch them.

But this method of either working through my fears (which didn’t happen very often) or working around my fears started applying to other areas of my life the older I got.

According to Merriam-Webster Dictionary, fear is an emotion we experience when anticipating an event, danger, pain, or threat that may or may not happen. We’re human, our mind likes to make things up for us to believe. And then, because it’s our human nature, we just believe it.

In my experience, 99.9% of the time, my fears never materialize. (But to be honest, today I will still not watch scary movies. I do watch crime and murder shows today, which can be similar to scary movies.)

When I realized my fears rarely ever materialize, I started using the mantra “Feel the fear and do it anyway.” With this, things in my life got much better. I became even more productive in reaching goals and dreams I set for myself.

How does fear really affect your money though?

Well, it can start with not applying for the job you really want. You may be scared you won’t get it because you don’t have all of the experience they’re asking for.

Or maybe you already have the job, but you’re afraid to ask for a promotion. Even though you’re working longer hours than you were asked to, your projects are always done on time and do more than you are asked to do. Every. Single. Day. But you are too afraid to ask for that promotion that you may have even been promised 6 months or a year ago.

Or you are afraid to make an investment: new car, new house, upgrade on your house, or even investing in a service that is going to help you grow into a better person. You may ask yourself, “what is this investment going to give you in return?”

On the surface, these just look like everyday fears many people have, simply because they’re afraid the answer will be “no” or the outcome won’t be great in the end.

But, at the end of the day, they all affect your money!

What happens to your wallet or bank account, if you don’t get that job?

What about if you don’t get that promotion?

And yes, if you make that investment, the amount of money in your wallet is going to decrease, but it could help you make more money or save more money at the end of the day!

When you let your fears take over, you are repelling money from your bank account and wallet.

There is also an opportunity cost that goes into play here. First, let’s define opportunity cost: “An opportunity cost is a benefit, profit or value of something that must be given up to acquire or achieve something else,” according to the business dictionary.

When you take this definition and apply it to your fears, you allow fear to be the thing you keep around while giving up the benefits of a better financial situation.

What can you do to eradicate these fears?

Melissa outlined some amazing strategies you can work with to help with these fears in her article Face Your Fears.

  • Change your perspective.
  • Understand your fears, then work through it.
  • Fear of failure is greater than the fear itself.
  • Empower yourself to face your fear.
  • Just do it anyway – my personal favorite mantra.

How does this change your wallet or bank account?

When you let go of your fears, using any of the strategies above, you stop letting fear determine whether or not you are worthy of the job you want, the raise you deserve or an investment that could benefit your future.

You are always worthy. Your fears just put a hold on actually getting the things you are worthy of right now, today.

This hold keeps the money you could have, from the job and pay you could have, investment in a better car that doesn’t break down every 1,000 miles. It can also keep you from making an investment that can help you become a better person where even better opportunities come to you!

Sometimes it takes a little research on your end to figure out the real benefit you are giving up by choosing fear over an opportunity.

  • figure out what the average salary is for your position in your area compared to what you are already making
  • make a list of the ways you have helped in your current or prior job and how you can apply that to this new job
  • making a cost comparison of how much a newer car would cost vs how much it would cost to continue driving your current car

So when you get that job or promotion or make that investment, you end up with more money in your bank account. You could be working a job that you love more and feel more appreciated for the work you’re doing. And not only do you end up with more money in your bank account, you end up being happier too!

When you really think about it, the happier you are doing something, even if it means overcoming a fear, the easier money flows to you. And the easier money flows to you, the more you have in your bank account and your wallet.

At the end of the day, you can let your fears run the show and your wallet will stay empty. Or you could eradicate your fears and let the amount of money in your wallet start growing!

What are you going to do? Let your fears run the show, or eradicate them once and for all?

Inspired by the very first woman whose taxes I prepared to put me on this path today.


Clarissa Wilson is a money relationship coach who helps women build their relationship with their money so that they never have to rely on anyone else for money in their life. Money is a very powerful tool that we have available, but unfortunately, most women give away their power with their money. Clarissa used to do this too. But not anymore and you can learn how to take back your power too, once and for all. You can download her Money Mindset Reset Guide today and start building your own money relationship.

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One comment

  1. I would eradicate my fears and let the amount of money in my wallet start growing. Thanks for sharing ♥️ ♥️ By any chance you are interested on doing collaborations, you can check out the collaborations portal of and connect with amazing brands!


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