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5 Steps To Overcoming Underearning

5 Steps To Overcoming Underearning

Now that you’ve discovered that you’re an underearner, figured out if you’re a doer or a dawdler, learned the single most important piece of financial advice ever, and identified the 12 signs that you’re resisting making money, it’s time to dig into the real nitty gritty of Barbara Stanny’s fabulous book Overcoming Underearning.

This last post in the Overcoming Underearning series lays out the 5 Step Plan To A Richer life that Barbara teaches in her books and workshops. So what are the steps?

5 Steps To A Richer Life

  1. Tell the truth about what’s not working and what is. If you’re spending all your money supporting a hobby that just isn’t cutting it financially, something needs to change. That doesn’t mean you have to throw away your dream or bury your creative project. It just means it’s time to put your big girl pants on and face the truth. Until you admit what lies at the root of your underearning, you’ll be hard pressed to overcome it.
  2. Make a firm decision about what you truly want. No pussy-footing around here, sisters. (Ooh — is the term “pussy-footing” insulting to women? By golly, I think it is. Let’s switch that to “No fussing around here, sisters.”) WHAT’S YOUR DREAM? Decide. Get very, very clear. Stop questioning yourself and commit to going for it. (But don’t forget Step 1: Tell the truth about what’s not working and what is. If you’re clear on your dream and it’s not working, don’t change the dream but change how you go about achieving it.)
  3. Look for opportunities to stretch by doing what you think you can’t do. This is all about what I call “Exercising Your Risk Muscle” in my Get Out Of Your Own Way e-course. It’s about getting out of your comfort zone. It’s about pushing yourself beyond what you think you can do. It’s about finding your voice and asking for what you need. It’s about stretching so the leap is less scary. And just like stretching in an exercise class, it might hurt at first, but the more you do it, the further you can stretch without discomfort.
  4. Surround yourself with a supportive community. This is where Owning Pink comes in! Join the Owning Pink Posse community and post your comments here to rock out with some awesome women who will blow pixie dust beneath your mighty wings and link arms with you while you stretch, get out of your own way, and ultimately — LEAP into your dreams.
  5. Respect and appreciate money by taking good care of it. This means doing your homework, learning about how to manage your own money, and letting go of the fantasy that Prince Charming (or Daddy or Grandma or anyone other than you) can be responsible for your financial security. This means spend less, save more, invest wisely, and give generously. This means getting out of debt and getting into good financial habits.

When I evaluate these steps in my own life, I realize that I get stuck on #1 and #5. I get attached to what I want to work in my financial life, rather than telling the truth about what actually works. And when it comes to bank statements, investments, and bills, I have a tendency to play ostrich, passing them off to my husband so I don’t have to stress myself out. But what’s empowering about that? Nada. Time to buck up, get real, and face the money!

What about you? Where do you get stuck? How can you get yourself into a more prosperous life? For help overcoming underearning, read Barbara Stanny’s book and sign up for the free Get Out of Your Own Way mini e-course that I developed to take you even deeper into the journey of living a life overflowing with abundance.

*   *   *   *

Lissa Rankin, MD: Founder of, Pink Medicine Woman coach, motivational speaker, and author of What’s Up Down There? Questions You’d Only Ask Your Gynecologist If She Was Your Best Friend and Encaustic Art: The Complete Guide To Creating Fine Art With Wax.

Learn more about Lissa Rankin here.

Read more: Conscious Consumer, Exercises, Guidance, Inspiration, Money, News & Issues, Self-Help, , , , , , , , , , ,

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Lissa Rankin

Lissa Rankin, MD is a mind-body medicine physician, founder of the Whole Health Medicine Institute training program for physicians and other health care providers, and the New York Times bestselling author of Mind Over Medicine: Scientific Proof That You Can Heal Yourself.  She is on a grassroots mission to heal health care, while empowering you to heal yourself.  Lissa blogs at and also created two online communities - and She is also the author of two other books, a professional artist, an amateur ski bum, and an avid hiker. Lissa lives in the San Francisco Bay area with her husband and daughter.


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8:58AM PDT on Jun 8, 2011


5:25PM PDT on May 16, 2011

Thanks for sharing!

2:20PM PDT on May 5, 2011

Good thoughts! Thanks!

9:49AM PDT on Apr 4, 2011

thanks for sharing

8:24AM PDT on Apr 3, 2011

A few years ago I was stuck in a financial rut and I had a hard time getting out. I decided one day that it just had to stop. I stopped meeting friends at coffeehouses and shopping alone (my biggest money drainers) and instead of just paying the minimum due on my credit card, I decided to divide my amount owed by 12 and pay that amount every month. 1 year later my credit card was paid off and I have a better sense of personal control when it comes to money.

8:05AM PDT on Apr 3, 2011

Dr Zhi Gang Sha book "Divine Transformation" shows ways to transform finances in his opinion too

2:44AM PDT on Apr 3, 2011

Thanks for the article.

12:38AM PDT on Apr 1, 2011

I also get stuck on #'s 1 and 5. Thanks for this!

6:41PM PDT on Mar 31, 2011


5:54PM PDT on Mar 31, 2011

This is a bit too simplistic...I can see some benefits but this is the same cookie cutter mentality that has had everyone blindly following the herd into their individual economic depressions.

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people are talking

Thanks for sharing.

Interesting article.

Interesting,thanks for sharing

Thank you for the inspiration :)

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