From Doubt to Daring: 4 Steps to Unshakable Confidence
According to research, individuals who have greater self-esteem make $28,000 more a year ($7,000 for blue collar workers) on average. (SSRN). A study by Francesco Drago and the University of Messina discovered a clear relationship between compensation and self-esteem. For white collar workers, researchers found that low self-esteem can result in lost income of up to $1.2 million.
Our goal is to make up for that lost income!
What is the tie between self-esteem and confidence?
Self-esteem refers to how much you value and appreciate yourself. It’s about your sense of self-worth and self-respect. High self-esteem means you have a positive view of yourself, while low self-esteem means you may struggle with doubt and a loud inner critic. Confidence is the belief you have in your abilities. Oftentimes, if self-esteem is low, it’s evidenced in a lack of confidence.
Building confidence can seem really hard, especially when life gets unpredictable. But trust me, confidence isn’t just for a few chosen people. It’s something you can develop with the right mindset and just a few strategies you can apply starting today.
Step #1: Understand What Confidence Is
Confidence is like a superpower that helps us feel good about ourselves and take on new challenges. It’s about believing in your abilities and feeling sure about your decisions.
Psychologist Albert Bandura came up with the idea of self-efficacy, which is all about believing you can succeed at specific tasks. According to Bandura, people who have high self-efficacy are often more motivated and persistent, which boosts their confidence. In fact, they’re 50% more likely to set and achieve challenging goals.
Take a moment to think about areas you have confidence in and ask yourself, why am I confident here? Maybe you have education, skills developed, or experience and that led to you feeling confident. Maybe you’ve made mistakes but learned valuable lessons which made you confident. For areas that you are lacking confidence, you can apply the same methodologies to build your confidence.
Step #2: Set Goals that Challenge You
Setting goals is a powerful way to build confidence. According to Locke & Latham, when you set specific goals, you’re 90% more likely to achieve them.
Here’s a simple method to help you set and reach goals:
The WOOP Method
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Step #3: Improve Your Communication Skills
Oprah Winfrey grew up in poverty and had a tough childhood, which caused her to struggle with communication and confidence.
Despite these challenges, she found a love for public speaking, which earned her a scholarship to Tennessee State University. Her warm, genuine style helped her stand out, leading to a job as a co-anchor in Nashville. This opportunity opened the door to her becoming a media mogul, known for her amazing ability to connect with and inspire millions of people.
Good communication boosts confidence and will make you more competent! Here’s how you can improve:
Verbal Communication
Non-Verbal Communication
Step #4: Celebrate Your Unique Self
According to Mitchell (11 Confidence Facts), when you celebrate your successes, it boosts your confidence. Accepting yourself and recognizing your unique strengths can boost your confidence.
One way to practice self-acceptance is by keeping a "Strengths Journal." Write down one unique trait or accomplishment daily and reflect on its positive impact on your life.
Set aside time each week to reflect on your small victories and reward yourself. Whether it's a personal goal or a work achievement, acknowledging your successes can inspire you to keep pushing forward.
If you need help setting challenging goals (and reaching them), improving your communication skills, or recognizing your unique gifts and talents, reach out to me at Info@BoundlessPotentialLife.com for a complimentary discovery session.
Become that more confident you TODAY!
Team Builder | Change Catalyst | Speaker | Facilitator | Game Enthusiast | Humanist | Tap Dancer
3moGreat post! I just had a conversation today about how much harder it is to come up with a list of things you are GREAT at than it is to come up with a list of things where there's room for improvement. We're trying to design a game around this to explore why it's so hard to feel proud and confident in ourselves!
I help companies improve employee retention and reduce turnover. (White Paper at oxygencoachinggroup.com) Negotiation Coach, Operations Trainer/ Frac COO, ChairWoman: Ohio Western Reserve Ladies- NO VETERAN BURIED ALONE
3moThe correlation between your identity and your role is scientifically proven. You can’t outperform how you see yourself conceptually. While one may limit the other, inversely correcting one will help the other. It’s a slow creep up and an easy plummet down so protect your identity fiercely 💜
Transformation Facilitator | Unlocking the Real You | Creating Expansion | Creator of The Thriving Life Method™ | Coach | Speaker | Podcaster
3moLove this... not being confident blocks you from so much in life, not just income. Imagine if you fully trusted yourself! You'd just get on with doing it rather than waffle with all the reasons why you can't!
Empowering Women Entrepreneurs | Founder & CEO of Professional Women’s Meetup (PWM) | Mindset & Business Growth Strategist
3moWhoa, I never thought self-esteem could have such a huge impact on income! 🤯 Can't wait to dive into your newsletter and start unlocking my potential. Thanks for sharing! 🚀
Keynote Speaker | Entrepreneur | Engages, Educates & Empowers Emerging Entrepreneurs | Entrepreneurial Ecosystem Builder | Infotainer | Corporate Magician & Mentalist
3moReal confidence for me comes from taking action and ultimately succeeding. Sometimes there’s a long gap filled with many “failures” before reaching some level of success. As a speaker and entertainer. I’ve moved from not so good years ago, to okay, to pretty good most days and great on others. It’s like filling the confidence piggy bank. Little successes put pennies in, big successes put silver dollars in. Either way, confidence keeps growing.