Although, most women remain underpaid and make 50% to 80% of what men make, more and more women are earning high salaries.
Women who underearn operate below their potential, have negative beliefs about money, work more for less pay without making the “conscious choice to live with less”.
The reality is that underearning affects your self-confidence, breaks down your lifestyle and limit your opportunities.
To start earning more and to make the right decisions, women need to change the way they think about themselves and their relationship with money.
SECRET 1 “Financial Success Is Possible in Almost Any Field, and Lack of Education Doesn’t Have to Hold You Back.”
Six-Figure women get credentials and go for the highest level of education they can possibly get.
However, they don’t let credentials stop them from achieving success.
SECRET 2 “Working Hard Doesn’t Mean Working All the Time.”
Six-Figure women take pleasure in their work and they work smart.
At the very least, they find jobs that are stimulating and fulfilling.
SECRET 3 “Focus on Fulfilling Your Values Rather Than Financial Gain.”
Women feel that they have to overwork themselves, stay longer hours than their male counterparts in order to attain their ambitions or to compete with men.
However, that lifestyle is not sustainable. High earning women look for signs of fatigue, burnout, a way to get more done in less time, to up their focus and for a way to balance their personal and professional life.
SECRET 4 “Loving What You Do Is Much More Important Than What You Do.”
The put their visions and values before financial gain.
Moreover, they want to live on their own terms.
Focusing on making money only creates an internal void that could never be filled.
SECRET 5 “Feel the Fear. Have the Doubts. Go for It Anyway.”
They are confident and believe in themselves.
They believe that they can do anything they set their minds to.
Of course, they struggle with self-doubt and fears but they somehow manage to overcome those fears or to fake it until they make it.
SECRET 6 “Think in Terms of Trade-offs, Not Sacrifices, to Find a Workable Equilibrium.”
Six-Figure women deal gracefully with social injustices.
They have figure out ways to deal with biases, injustices, racism and sexism with their sense of humor.
SECRET 7 “Sometimes You Just Have to Shrug It Off and Have a Good Laugh.”
They are grateful for what they have and how far they have come.
SECRET 8 “Appreciate Abundance.”
Six-Figure women are not victim of their circumstances.
They refuse to be beaten down or depressed for extended periods of time. Instead, they remain positive and optimistic against all odds.
Secrets Of Six Figure Women: Up Your Earnings and Change Your Life by Barbara Stanny identifies the secrets of six-figure women, understand the traits and the principles that these women live by, so that we can apply these principles to our personal lives.
Secrets Of Six Figure Women: Up Your Earnings and Change Your Life helps you grow internally, expand your mindset, remove self-limiting beliefs, become self-aware, become financially aware and boost your income.
Furthermore, Barbara Stanny aims to shift the mindset from overcoming obstacles to finding in opportunities to increasing your earnings.
She shifts the focus from wage gap to wage gain, from lack to abundance.
Barbara Stanny, a new aged woman with a lot of questions when it comes to the process of women earning six figures, interviews and introduces us to the mindset of high powered and high earning women from all professional background.
I enjoyed the fact that she gave easy and achievable steps into earning more.
I also appreciated that Barbara Stanny tackled the fact that almost every woman and monorities experience the same hardships in the workplace.
Unfortunately, in 2020, not much has changed in corporate. Racism and sexism are still present in most organizations.
Do you have the same experience at home or in the workplace? Has earning a high income created any backlash at home or in The workplace?
Let me know below what you think about this book!
Was holding a high-paying job even worth what I imagined it would entail? Did six-figure women have to work absurdly long hours, forfeit their femininity, forgo their happiness, give up all semblance of a personal life? Did their marriages hold up? Did their children suffer? Did they bear lasting scars from breaking glass ceilings or battling gender bias? Was it possible for anyone to become a high earner? Could I?
What if we shifted the spotlight from women’s plight to women’s progress? What if we turned our attention from what’s wrong with the system and instead analyzed what’s working for those who are succeeding? We’re not ignoring the problem; we’re merely shifting our perspective.
Lawyer Tracy Preston told me the same thing. “If I internalized every time someone said something racist or sexist I wouldn’t be able to function. There’s always some incident that’ll be jarring, but I recognize it’s people’s ignorance. How do I deal with it? As they say, being black in America isn’t easy, so you have to have a sense of humor. Otherwise you’d go crazy.”
Like it or not, money affects virtually every area of your life. Lack of it leads to dependency and hardship. It can limit your access to health care and lifestyle choices. It can keep you in an unhappy marriage and an unsatisfying job. It perpetuates the cycle of poverty and debt, of discontent and chronic stress.
Our state of mind, however, often resembles a rearview mirror. We head toward the future seeing only the images from our past, and then wonder why nothing ever changes. I once heard insanity defined as doing the same thing over and over and expecting it to be different. Given that definition, I can safely say underearning is a form of financial insanity.
The real work in raising the bar is to stop doing the same old thing you’ve always done, to try out new strategies, to ignore false alarms, to resist the urge to quit, and to refuse to fall back into familiar terrain. The ability to tolerate discomfort—doing what might not feel good, but doing it anyway—is the only way you’ll ever complete the path to financial success. It helps to keep in mind that the discomfort is temporary, but the payoff is extraordinary.
You must let go of where you are to get to where you want to go.
men got high marks from their bosses when they were forceful and assertive, but women were downgraded for displaying the same qualities. To be quite candid, the double standard is alive and kicking—assertive men are respected, assertive women are resented.
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