Fear of Money and How it Prevents You From Building Wealth

Julie Murphy • December 23, 2021

Do you have a fear of money?

You’re probably looking at your computer screen with a puzzled look on your face.

I know what you’re thinking, “No, Julie, I don’t fear money, I just never have enough!”

Well, what if I were to tell you that statement represents a FEAR of money?!

It’s true. When you have fear around your finances, you are sending out a vibration of fear that doesn’t align with what you want financially.

In today’s post, we’re going to take a look at what the fear of money gets you and how to overcome your financial fears once and for all.

Signs You Have A Fear of Money

Did you know that the fear of money has a name? Its name is Chrometophobia. Some signs of this phobia include:

Extreme hesitancy to think about money
Anxiety about your spending habits
Fear that you won’t ever have enough money—no matter what happens
Worry that you won’t be able to pay your mortgage or rent and be homeless
Fear that you’ll never be able to retire
Anxiety over losing your job

In a much broader definition of the fear of money, many simply try to avoid the subject of money altogether. Maybe we want to avoid feelings of stress caused by talking about our finances. Or perhaps we don’t want to be overwhelmed by our current financial situation. For others, there is an intense fear of the lack we feel around money.

Whatever the reason for your fear or the fear you feel, there is a way out.

You don’t have to stay stuck.

But until we free ourselves of the fear of money, we’ll have these and similar symptoms.

Not only that, but it prevents us from building wealth.

Here’s how…

How It Prevents You from Building Wealth

The consequences of having a fear of money are real. For one, the health effects can cause long-term damage. Stress from anything, including fear of money, can lead to heart disease, insomnia, anxiety, and depression.

But it is the emotional and financial damage that can be incredibly harmful to your life.

For example, if you are in a marriage and allow your spouse to manage all finances, you could get an extreme wake-up call if you get divorced.

Procrastinating in keeping up with your finances can lead to overwhelm if and when life happens. The last thing any of us should do is to wait for a major life moment to take action with our money.

So, why does this happen?

Because we get stuck in an emotional cycle that prevents us from breaking free.

Shame, guilt, and fear all work together to keep us stuck. When we feel shame about our money, we tend to avoid it. Before you know it, you haven’t paid your bills on time in months.

Then you feel guilt over not paying your bills. Then you feel afraid to try to understand your finances and the cycle starts again.

This can go on and on throughout our lives if we don’t take control of our finances.

But you can stop it.

The Secret to Overcoming Financial Fears

No matter where you’re in your financial journey, you can change your finances. Logically, it all starts with acknowledging where you are today, putting a goal together, and working towards a financial budget.

So, the first step is to admit to yourself the situation you’re in right now. You already know how ignoring your financial situation is hurting you, so the next step is to understand and accept this truth.

Next, you need to create exposure therapy for your finances. Checking your financial balances each week, opening your bills as soon as you get them, and then setting yourself up with a financial budget.

Without a budget, you won’t be able to figure out the right path forward for yourself. You also won’t set yourself up with good fiscal boundaries—a critical component to any intelligent actions with your finances.

Another way you can start learning how to overcome financial fears is to invest in educating yourself.

You can never go wrong in investing in yourself, even if that means you have to take financial money courses or simply follow professionals like me on YouTube.

Fear can also hold us back from taking bigger leaps of faith, especially surrounding our finances. This could be the case if you are afraid to invest your money in the market. The result is one missed opportunity after another.

Put An End to Your Fear Over Having No Money

It’s time to end your fear of money once and for all. With the right mindset, thought process, and faith the size of a mustard seed, you can transform your finances.

The truth is, sometimes we can know all the right steps but never take them. We all know we need to create a budget, pay down our debt, and save for the future. But often what we struggle with is taking action towards any one of these goals.

It’s in our minds that we face the greatest battle.

But this is a battle we can win. With a bit of patience and self-awareness, we can build wealth for the future.

I highly recommend going within and asking yourself what you are afraid of and why money is such a trigger.

Did you go through extreme poverty as a child? Have you suffered greatly from a lack of money as an adult?

Whatever truth is revealed to you as a result of introspection, use it to build your new life complete with financial wealth.

Money doesn’t have to rule your life. Put some focus into your financial fear, and I promise you you’ll notice a big difference in where you’re at and where you’re going.

< Older Post

Newer Post >

Share Blog On Social

A woman is smiling while money is falling around her.

A book titled the spiritual laws of money

Get it NOW!

Recent Blogs

The Life You're Waiting For Is Waiting for You to Wake Up

By Julie Murphy • August 4, 2026

What if nothing is wrong with your life? What if the frustration you feel... The anxiety around money... The constant striving... The feeling that something is missing... Isn't a sign that you're failing. What if it's simply your soul trying to wake you up? So many of us spend our lives searching for the next thing we believe will finally make us feel whole. More money. A different relationship. A better job. A healthier body. Another vacation. Another achievement. Another finish line. Yet somehow, after every accomplishment, that feeling quietly returns. "There has to be more than this." And there is. Not because your life is lacking. Because you've been taught to look for fulfillment in places it was never meant to come from. One of the greatest lessons I've learned is that life is always working for us, even when it doesn't feel like it. Every challenge... Every financial struggle... Every relationship... Every fear... Every success... They're all invitations. Not punishments. Invitations to become more aware. Because awareness changes everything. You can't transform a belief you don't know you're carrying. You can't heal a wound you refuse to acknowledge. You can't create a different future while living from yesterday's programming. This is why I don't believe true wealth begins with your bank account. It begins with your awareness. Money simply magnifies the relationship you already have with yourself. If you believe you're not enough... No amount of money will ever feel like enough. If you don't trust yourself... It won't matter how much financial security you create. You'll still feel uncertain. Real wealth isn't something we earn. It's something we uncover. It's been within us all along, buried beneath years of conditioning, fear, expectations, and stories that were never ours to begin with. When we begin clearing away those layers, something beautiful happens. We stop chasing. We start creating. We stop reacting. We begin choosing. We stop living from fear. We begin living from love. That's where abundance begins. Not outside of you. Inside of you. That's why I created the 21-Day Wake Up Wealth Challenge . Not to teach you how to make more money. Not to convince you that positive thinking changes everything. But to give you space. Space to slow down. Space to become aware. Space to notice the patterns you've been living from without even realizing it. Over the course of 21 days, you'll begin seeing yourself differently. You'll explore the beliefs shaping your financial life. You'll reconnect with your intuition. You'll learn how your emotions influence your decisions. Most importantly... You'll begin remembering that you already have everything within you to create a life that feels aligned, peaceful, and abundant. The challenge isn't about becoming someone new. It's about coming home to who you've always been. If your heart has been whispering that it's time for something different... Listen. It may be the beginning of everything. I'd love to walk this journey with you. Because your greatest investment has never been in the stock market. It's always been in yourself. And when you awaken that relationship... Everything else begins to change. With Love, Julie P.S. Sometimes the biggest transformation doesn't happen because life changes around us. It happens because we finally become aware of the life we've been creating, and realize we have the power to create something new. If you're ready, I'd love to have you join us for the 21-Day Wake Up Wealth Challenge.