If desired toast nuts by placing in a skillet over medium heat. Heat just until the walnuts become fragrant. When the walnuts become fragrant remove from the skillet. Watch the skillet closely, there is a short time between the nuts being toasted and burnt. Allow the nuts to cool completely.
In a small bowl combine room temperature cream cheese, honey, molasses, brown sugar, and cinnamon. Stir cream cheese until all of the ingredients are well blended. Chop walnuts and stir into the cream cheese.
Store in an air-tight container in the refrigerator.