This topic can occupy months of focus and discussion and is covered in depth in our Fresh Financial Program. First, a confession: Underearning is one of the reasons I was led to do this work. After 10 years (10 years!!!) of earning the SAME salary (and that was in more than 2 jobs) I thought, "Why does this keep happening?!! Why can't I break my salary barrier?" After growing tired of all the excuses I had invented (“He got a head start”, “She has more connections”, “She’s thinner” etc. etc), I was driven to seek the help of a financial counselor. Fast forward….Now I am giving workshops and teleseminars about this insidious problem that many people suffer from. Because it is pretty silent in its ways, it really needs to be looked at with a magnifying glass and talked about with a megaphone in hand!
What is Underearning?
Underearning is the pattern of earning below your potential. You are either not making enough or barely enough money to cover your needs. In addition, here’s another kind of Underearner. Take Kathy, a smart young woman who went into the law profession but wasn’t really passionate about it. It was what her father and brother did so it “made sense” that she follow the path that was in her family’s blood. As a lawyer she made a decent salary BUT because she wasn’t working from a place of passion and was therefore not inspired to work to her full potential, she was an Underearner.
Here are just a few characteristics of Underearners with a very short summary for each. You can learn more about Underearning in the Free Teleseminar on Thursday, September
Underearners are usually in debt.
It would make sense that if you are in debt, you are vague as to how much money is flowing in and out of your accounts. And if you are not aware of how much is going in or out of your accounts, you probably don’t have a clear idea of how much money you need to cover your needs. Underearning would be an easy thing to do since you have no idea how much is enough and how much you need.
Underearners are fearful of money.
When you are fearful of money or anything else for that matter, you tend to avoid it at all costs. You can guess what happens if you avoid money. You don’t hold any ties to it, you aren’t nurturing that relationship, and you are doing a disservice to yourself by not looking at it straight in the eye and staring it down.
Underearners give away or volunteer excessive amounts of their time.
You have the best intentions and donate your time; too much of it. Many people who suffer from Underearning do not use their time and energy wisely. As I mentioned in my previous Newsletter, thinking about your Time, Energy, Money factor plays a big role in helping you decide how to use each source to best serve your needs and wants. I have found that you become much more efficient with your time as you get yourself out of the Underearning cycle and gain financial clarity.
Underearners believe there is virtue in living in poverty.
You will find many artists suffer from this belief. You live for the greater good. You think your condition is a sign of a true artist; the starving artist. Artists who do well are many times labeled as having sold out. Perhaps you believe that making money displays greed and consumerism and sullies the spiritual and artistic worlds. Many underearners with this belief live in slightly less than safe homes, wear slightly tattered clothing, and almost go out of their way not to display any signs of a comfortable life.
Underearners might resent people who have money.
If you resent people who have money, how could you ever expect to have enough for yourself? A good exercise is to write down the names of people with significant amounts of money whom you respect. You don’t have to know them personally. Write down what characteristics you like about them and what you admire about the way they lead their lives.
Underearners do not keep track of their flow of money.
You have heard me talk about tracking your income and expenses. When you do that simple exercise, you know exactly where you stand and can determine the amount of money you need to cover everything you want. Underearners
Underearners fear spending money and resent it when they must.
Many Underearners have a clenched fist approach when it comes to opening their wallets. Spending money is no fun. You don’t really take pleasure in it. Money is energy and needs to circulate so if you stop the flow (my throat gets tight just thinking about it!) and you come from a point of scarcity, it makes sense that money will be scarce in your life, that you will probably borrow money (from credit cards or your 401K) because “there isn’t enough of it”. As a result, you go into debt.
Underearners think that money will cure their problems.
Here's the thing: Money doesn't cure Underearning. People do.
At the heart of Underearning is self-deprivation. If you are not able to cover your needs and keep pedaling on with no plan in place, it will never be Enough because you don’t know what Enough is. Subconsciously Underearners act in ways that keep them from enjoying things they value like love, relationships, money, time. Etc.
I liken money to a mirror that reflects not only what is going on in your bank account, but inside yourselves. If you think you might suffer from Underearning don’t be discouraged. You must realize that Underearning is NOT a permanent condition. The first step is awareness and acknowledgement.
In The Fresh Financial Program I teach you how to recognize patterns of Underearning you may be living (and re-living) and how to break this cycle so you can move on and live your life with full clarity and in the way you wish for yourself. To learn more about the Fresh Financial Program SIGN UP HERE for my Free Teleseminar on September 25.
What is Underearning?
Underearning is the pattern of earning below your potential. You are either not making enough or barely enough money to cover your needs. In addition, here’s another kind of Underearner. Take Kathy, a smart young woman who went into the law profession but wasn’t really passionate about it. It was what her father and brother did so it “made sense” that she follow the path that was in her family’s blood. As a lawyer she made a decent salary BUT because she wasn’t working from a place of passion and was therefore not inspired to work to her full potential, she was an Underearner.
Here are just a few characteristics of Underearners with a very short summary for each. You can learn more about Underearning in the Free Teleseminar on Thursday, September
Underearners are usually in debt.
It would make sense that if you are in debt, you are vague as to how much money is flowing in and out of your accounts. And if you are not aware of how much is going in or out of your accounts, you probably don’t have a clear idea of how much money you need to cover your needs. Underearning would be an easy thing to do since you have no idea how much is enough and how much you need.
Underearners are fearful of money.
When you are fearful of money or anything else for that matter, you tend to avoid it at all costs. You can guess what happens if you avoid money. You don’t hold any ties to it, you aren’t nurturing that relationship, and you are doing a disservice to yourself by not looking at it straight in the eye and staring it down.
Underearners give away or volunteer excessive amounts of their time.
You have the best intentions and donate your time; too much of it. Many people who suffer from Underearning do not use their time and energy wisely. As I mentioned in my previous Newsletter, thinking about your Time, Energy, Money factor plays a big role in helping you decide how to use each source to best serve your needs and wants. I have found that you become much more efficient with your time as you get yourself out of the Underearning cycle and gain financial clarity.
Underearners believe there is virtue in living in poverty.
You will find many artists suffer from this belief. You live for the greater good. You think your condition is a sign of a true artist; the starving artist. Artists who do well are many times labeled as having sold out. Perhaps you believe that making money displays greed and consumerism and sullies the spiritual and artistic worlds. Many underearners with this belief live in slightly less than safe homes, wear slightly tattered clothing, and almost go out of their way not to display any signs of a comfortable life.
Underearners might resent people who have money.
If you resent people who have money, how could you ever expect to have enough for yourself? A good exercise is to write down the names of people with significant amounts of money whom you respect. You don’t have to know them personally. Write down what characteristics you like about them and what you admire about the way they lead their lives.
Underearners do not keep track of their flow of money.
You have heard me talk about tracking your income and expenses. When you do that simple exercise, you know exactly where you stand and can determine the amount of money you need to cover everything you want. Underearners
Underearners fear spending money and resent it when they must.
Many Underearners have a clenched fist approach when it comes to opening their wallets. Spending money is no fun. You don’t really take pleasure in it. Money is energy and needs to circulate so if you stop the flow (my throat gets tight just thinking about it!) and you come from a point of scarcity, it makes sense that money will be scarce in your life, that you will probably borrow money (from credit cards or your 401K) because “there isn’t enough of it”. As a result, you go into debt.
Underearners think that money will cure their problems.
Here's the thing: Money doesn't cure Underearning. People do.
At the heart of Underearning is self-deprivation. If you are not able to cover your needs and keep pedaling on with no plan in place, it will never be Enough because you don’t know what Enough is. Subconsciously Underearners act in ways that keep them from enjoying things they value like love, relationships, money, time. Etc.
I liken money to a mirror that reflects not only what is going on in your bank account, but inside yourselves. If you think you might suffer from Underearning don’t be discouraged. You must realize that Underearning is NOT a permanent condition. The first step is awareness and acknowledgement.
In The Fresh Financial Program I teach you how to recognize patterns of Underearning you may be living (and re-living) and how to break this cycle so you can move on and live your life with full clarity and in the way you wish for yourself. To learn more about the Fresh Financial Program SIGN UP HERE for my Free Teleseminar on September 25.
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