I recently had Barbara Huson on my podcast to talk about her new book, Rewire for Wealth.
You may know her by her previous name, Barbara Stanny, before they got married.
Your book Overcoming Underearning has absolutely changed my life as a financial writer, and I am so grateful for your book!
Meet Barbara Huson
Barbara Huson is the leading authority on women, wealth and power. As a bestselling author, financial therapist, teacher, and financial advisor, Barbara has helped millions of people take control of their finances and their lives.
Barbara’s professional background, her years as a journalist, her master’s in counseling psychology, extensive research and personal experience with money give her a unique perspective as a leading expert in empowering women to realize their financial and personal potential.
Barbara Huson has been featured on Good Morning America, The View, Extra, The O’Reilly Report, and many times on CNN, MSNBC, CNBC, Fox News, PBS, NPR, and the New York Times and USA Today.
Barbara is the author of 7 books:
- Prince Charming is not coming: How women handle money wisely
- Secrets Of Six Figure Women: Surprising Strategies To Increase Your Income and Change Your Life
- Overcoming Under Earning: A Five-Step Plan for Living Richer
- Finding a Financial Advisor You Can Trust: A Guide for Investors and Those Who Want to Become
- Breakthrough: Overcome the deadlocks in your life
- Holy Success: A Course in Financial Miracles
Barbara Huson on financial writing
“I never expected to become a financial writer.” Despite growing up in a wealthy family, her father’s only advice about money was “don’t worry”. She married a stockbroker and found out early in their marriage that he was also a compulsive gambler.
“And the crazy thing is, I let him keep managing the money for the 15 years we were married. He did everything and I just signed everything he told me. ”So he not only lost the money they made as a couple, but also wasted Barbara’s inheritance. At that point she decided that she didn’t want to deal with money.
At the time of their divorce, she had three daughters and found a job as a journalist for the San Francisco Business Times. “I was hired on a freelance project to interview women who are smart with money. These interviews changed my life. Not only did I get smart with my money, I also wrote my first brainstorming book. “
Women and wealth creation
Barbara says we were cultivated to believe that women are not good at money. “We have come to believe that money and finances are overwhelming and puzzling.” However, she says that taking control of your financial situation can be easy and we should take the time to get smarter.
Additionally, Barbara notes that women are generally less confident about making financial decisions than men. “When making financial decisions, I find that I am still asking my husband or someone else.” Ultimately, financial planners will turn to husbands or male partners when both partners come for advice.
She reminds us: “The more we understand and know about money, the more self-confident we become, the easier it is for us to make decisions ourselves.” Barbara also notes that we don’t have to make financial decisions on our own. Getting a coach or financial planner is a good step in the right direction.
Your recommendations? Make sure you are making your decisions from an informed place, a place of knowledge. It has three steps you can take to learn more about money. If you follow these three steps consistently over the next few months, you will be amazed at how you feel.
Barbara Huson’s three steps to financial freedom
First, take a few minutes each day to read the latest financial news. Whether that’s online, reading a financial magazine, or reading a book, you want to educate yourself. She says you want to familiarize yourself with financial jargon and current trends. “I remember subscribing to the Wall Street Journal and couldn’t understand what it was saying. So I took section C, the finance section, and put it on the kitchen counter. “
Second, talk to financial experts. Barbara said she would take others over for coffee to pluck their brains. Most people were ready to talk to her about finances.
Finally, make sure to have your savings transferred from your checking account or paycheck to a savings account. You can start small by adding $ 10 per month. The point is, you want to make this a habit. If you see savings over time, your money will add up quickly.
Why women don’t earn a fair wage
“I believe women don’t deserve what they deserve and what they’re worth for three reasons,” says Barbara.
First, she says, we don’t value ourselves. Second, we don’t respect what we put on the table, so we give up our knowledge, experience, and time for free or at bargain prices.
Second, women can be codependent when we put everyone else’s needs above our own. By setting firm boundaries, feeding ourselves and serving ourselves, we can end codependency.
Third, we need to feel uncomfortable. “The most important prerequisite for reaching the next level of income or anything in life is a willingness to feel uncomfortable.” A willingness to do what you think you can’t.
It is important to value yourself, respect yourself, create strong boundaries, and take care of yourself. “The most important thing is that you do what you are afraid of, because that is how you will be successful.”
Why money mindset is important
“One day I felt like I was losing interest in my work. I felt like something was missing. ”This went on for a while, and after praying and thinking, she read a neuroscientific article and knew that she found the missing piece.
She began to study neuroscience and saw how to incorporate that science into the process of educating women about finance. She found that neuroscientific practices could speed up the learning process and reduce fears associated with money.
Resistance as a pillar of change
Resistance is a sign that you are changing. This is a normal feeling that occurs when you deviate from the norm. Your brain says new things are dangerous and it resists change. Resistance is the psychological response to internal conflict. She recommends working with your resistance and examining why your resistance is trying to protect your psyche. Realize that once you have overcome resistance and fear, success is on the way!
Bring the past into your financial future
A few years ago, Barbara started attracting high-income people. “When my book, Secrets of Six-Figure Women came out, I started attracting women who made six-, seven-, and eight-digit numbers.” At that point she realized that there was usually trauma, deep pain, or unresolved emotions that suppressed her . The financial turmoil became a distraction from the emotional pain of past trauma.
“Trauma is relative and trauma has many faces. It is not just beaten. You may see a parent sick or when your brother bullies you. Our logical-rational brain switches off immediately and we go into fight, flight or freeze. ”For this reason, she concentrates on trauma work with women and refers them to a trauma therapist.
Wire Your Brain For Wealth: The Three Basic Steps
“The three steps are recognize, frame, and respond.” The first step is to recognize negative thoughts. Recognize your negative thoughts now with criticism or judgment, but recognize and become aware so that you can change your thought patterns. Then part with the thought. Finally, remember to confirm with curiosity, rephrase with a more positive affirmation, and respond as if that rephrase were true.
Become a strong woman
Barbara says, “My definition of a strong woman is someone who knows who she is, knows what she wants, and expresses himself in the world without excuse.
In essence, our fear of power is that our fear will become all we can be, rather than watering ourselves down. So if you have money problems I suggest delving deeper and becoming aware of why you are afraid of being completely who you are. “