Money is simply a stand-in for what we value. We earn money in exchange for value we provide. It’s a simple equation. But what about the value we provide that we don’t get paid for?
One of the most common, and trickiest, places this question shows up is with stay-at-home parents. I get inquiries from stay-at-home moms all the time about how to factor their value within the family and in society to the value equation as it relates to money. (I’ve not yet had this question from a stay-at-home dad but I would imagine my answer below applies regardless of your gender.)
These women feel guilty for not bringing in income, not valued for the incredible care and service they provide in the home, resentful of not feeling valued or some combination of all of the above. I actually started my business at the age of 18 so that I could create financial freedom to be able to be a stay-at-home mom, so I love handling this particular sticky question.
First, we have to start here: No one will value you more than you value yourself. Often, when stay-at-home parents are feeling devalued by society, by their partners or just in general, those feelings are rooted in them not valuing themselves. How do we remedy that?