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Financial Freedom Matters: Are You Afraid to Make More Money?

Did you know there’s a name for fear of wealth? According to Psych Times, it’s plutophobia. This fear of wealth can prevent you from reaching your financial goals without you even realizing it. Like many fears, plutophobia is often set in motion during childhood. Children who are raised in a home where scarcity is a common mindset are likely to develop this fear of wealth.

The good news is that if you feel you have this fear, you can overcome it by figuring out where the fear is coming from and working to replace your thoughts with others that serve you better. One way to do this is through your journal. At the end of this post, you will find some journal prompts you can use to get started thinking about your fear of wealth.

Let’s dig a little deeper into how we become afraid to earn more money. I’m discussing this from my own experience. I am not a psychologist or a doctor, but I find the human brain and how it interprets our experiences extremely fascinating.