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May 8, 2008


Overcoming Underearning: Book Review Part 1

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Filed under: Money — Trisha @ 9:30 am

This week I had time to read chapter one, which is still kind of introductory. She talks a bit about having ‘financial independence‘ - I’d sure like that! But who wouldn’t?

Then we (the reader) are supposed to think about what it is we want. Or what our goal is. Since the book is part workbook - there is a space there to write your goals in. She then tells us the goals she had in mind for us (again, the reader) when she wrote the book. I won’t list them all here. What stood out to me though was “replace a bake-sale mentality with a grander vision” and to explore what is blocking you from being more successful.

Those are two things I definitely need help with. On one hand I do have a ‘grand vision’ but its kind of buried beneath the ‘bake-sale mentality’. I don’t know why that is.

She suggests having one or more people to do the exercises with. I don’t have anyone - except you people reading this! I don’t know if I want to share everything in a blog - but maybe I can share bits and pieces.

She talks a bit about inner voices. Both the negative ones you shouldn’t listen to and your “authentic voice” you should listen to.

The chapter ends with a quiz to determine if you are or are not an underearner. I knew I was before even taking it, but the quiz confirmed it.

I noticed the book has lots of really good quotes interspersed on the pages. My favorite from this chapter was:

“Life is not about finding yourself.
Life is about creating yourself.”

- George Bernard Shaw

Next week: Part 2

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May 1, 2008


Overcoming Underearning: Book Review

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Filed under: Money — Trisha @ 9:00 am


Sometime ago I was sent a copy of Barbara Stanny’s book: Overcoming UnderEarning. She is a ‘leading authority on women and money’.

I didn’t have time to read it when I first got it - life got in the way.
I am definitely an underearner though - so I have a lot to learn and gain from this book. My plan is to read and review a section of the book about once a week.

More about Barbara Stanny - her web site is here: BarbaraStanny.com and she has a blog also. Other books she has written are “Prince Charming Isn’t Coming: How Women Get Smart About Money” and “Secrets of Six Figure Women: Surprising Strategies to Up Your Earnings and Change Your Life”.

In the introduction to the book Barbara says that when she was growing up she didn’t really learn about managing money. After a divorce and other financial problems she was left with a lot of debt and 3 daughters to raise. She went to a financial counselor who told her “You’re an underearner”. Eventually she figured out how to make more money. This book teaches women how to become financially independent and is also part workbook and part journal.

Barbara says in one place: “… I worked long and hard … I could not seem to make much money“. That describes me very well! I know I don’t make what I should - and I hope to learn something from this book that will help me too!

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November 17, 2005


Health insurance coverage for sick college students?

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Filed under: Money — Trisha @ 5:42 pm

Michelle Morse was diagnosed with cancer when she was 20 and a college student at Plymouth State College. She and her family discovered that her parents health insurance would not cover her if she dropped out of school while being treated for cancer.

The only way for her to continue to get coverage was either for her family to pay an extra $550 a month or for her to stay in school.

She chose the latter.

She sometimes had to wear a chemotherapy pump attached to her to be able to attend classes while she was fighting for her life.

She also spent time trying to lobby for a bill that would require health insurance companies to cover college students when they take a medical leave of absence.

Apparently most health coverage provided by employers will only cover kids over 18 if they are in school full time.

Next year a bill called Michelle’s Law will go before the House thanks to Michelle’s efforts. Michelle’s Law will force health insurance providers to cover students if their doctor has certified that for medical reasons they cannot continue school full time.

Michelle, who was going to be a teacher, died last week.

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