Barbara Stanny’s book “Overcoming Underearning” is a must-read for anyone looking to gain control of their financial situation and break free from the cycle of underearning. Underearning is a term coined by Stanny to describe the phenomenon of earning less than one’s potential, and it’s a problem that affects both men and women across all professions and income levels.
In “Overcoming Underearning,” Stanny draws on her personal experience of underearning and the stories of other underearners she’s encountered throughout her career as a financial educator and coach. She provides practical advice and exercises to help readers identify the underlying causes of their underearning, and develop a plan to increase their income and create a more fulfilling life.
One of the key takeaways from the book is the importance of mindset when it comes to earning money. Stanny argues that underearners often have a negative relationship with money, viewing it as something that’s scarce and difficult to come by. By changing our mindset and beliefs about money, we can open ourselves up to new opportunities and possibilities for earning more.
Stanny also emphasizes the importance of taking action and making small changes in our habits and behaviors. She encourages readers to track their expenses, negotiate their salaries, and develop multiple streams of income. She also provides tips for overcoming the fear and self-doubt that can hold us back from taking these steps.
What sets “Overcoming Underearning” apart from other personal finance books is Stanny’s compassionate and non-judgmental approach. She recognizes that underearning is a complex issue that can have deep roots in our upbringing and past experiences, and she provides a safe space for readers to explore these issues and work through them.
Overall, “Overcoming Underearning” is an empowering and practical guide for anyone looking to break free from the cycle of underearning and create a more fulfilling and financially secure life. Whether you’re a freelancer struggling to make ends meet or a high-earning professional feeling unfulfilled, this book offers a roadmap for increasing your income and finding greater purpose and meaning in your work.