Comments on: Heroines of Personal Finance and Entrepreneurship #6: Barbara Stanny http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 21 Mar 2010 11:47:10 -0700 http://wordpress.org/?v=abc hourly 1 By: Frank http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30847 Frank Thu, 30 Aug 2007 21:55:18 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30847 Thanks for the simple, helpful, straightforward tips. :o) Dave, can you clarify your definition of "real stories" and how they're different from the "fake" stories you've been reading? The lessons in this interview seem applicable regardless of your current state of wealth. Most of the sound financial advice I read (including on sites like this) is about "hard work"... practical things everyone can do to achieve financial success. By "hard work", do you mean a job, as opposed to "some fascinating idea" being something like entrepreneurship? That seems like a completely different discussion. I'm not sure what you're saying. :oP Thanks for the simple, helpful, straightforward tips. :o )

Dave, can you clarify your definition of “real stories” and how they’re different from the “fake” stories you’ve been reading? The lessons in this interview seem applicable regardless of your current state of wealth. Most of the sound financial advice I read (including on sites like this) is about “hard work”… practical things everyone can do to achieve financial success. By “hard work”, do you mean a job, as opposed to “some fascinating idea” being something like entrepreneurship? That seems like a completely different discussion. I’m not sure what you’re saying. :o P

]]> By: Barbara Stanny http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30559 Barbara Stanny Mon, 27 Aug 2007 23:05:18 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30559 Thanks to everyone for your comments. I want to respond to Dave. Actually, Dave, I interviewed quite a few women who grew up poor, worked in low paying jobs, were classic underearners, or never worked at all. They are stories about reall people. ANd I didn't make six figures from writing the book...I made it before the book ever came out, by following the strategies I learned from these women. Barbara Stanny http://www.barbarastanny.com Thanks to everyone for your comments. I want to respond to Dave. Actually, Dave, I interviewed quite a few women who grew up poor, worked in low paying jobs, were classic underearners, or never worked at all. They are stories about reall people. ANd I didn’t make six figures from writing the book…I made it before the book ever came out, by following the strategies I learned from these women.

Barbara Stanny
http://www.barbarastanny.com

]]> By: Barbara Stanny http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30558 Barbara Stanny Mon, 27 Aug 2007 22:37:44 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30558 Thanks, Cody, for publishing the interview. I'd love to hear what readers think about my comments. Barbara Stanny http://www.barbarastanny.com Thanks, Cody, for publishing the interview. I’d love to hear what readers think about my comments.

Barbara Stanny
http://www.barbarastanny.com

]]> By: Ramit Sethi http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30487 Ramit Sethi Mon, 27 Aug 2007 01:22:18 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30487 Dave, thanks for the comment. Let me know if you'd be interested in doing some Friday Entrepreneur interviews with interesting people. If they're good, I'll feature them on the site. Dave, thanks for the comment. Let me know if you’d be interested in doing some Friday Entrepreneur interviews with interesting people. If they’re good, I’ll feature them on the site.

]]> By: Dave http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30485 Dave Mon, 27 Aug 2007 00:54:22 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30485 I *love* how she claims that doing all these interviews taught her all these valuable lessons. I think she meant that she made six figures doing the interviews. I mean, come on people, you're seriously falling for this crap? I'm SICK TO DEATH of all these feel-good stories about how the rich have fallen and risen (it's who you know, often). How about some REAL stories? You know, stories about folks who STARTED OUT POOR, and found their way to wealth through hard work? All we ever hear anymore is about how someone comes up with some fascinating idea, and makes millions from it, or they're rich from the start and commended for their "contributions". I *love* how she claims that doing all these interviews taught her all these valuable lessons. I think she meant that she made six figures doing the interviews. I mean, come on people, you’re seriously falling for this crap? I’m SICK TO DEATH of all these feel-good stories about how the rich have fallen and risen (it’s who you know, often). How about some REAL stories? You know, stories about folks who STARTED OUT POOR, and found their way to wealth through hard work? All we ever hear anymore is about how someone comes up with some fascinating idea, and makes millions from it, or they’re rich from the start and commended for their “contributions”.

]]> By: Minimum Wage http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30207 Minimum Wage Fri, 24 Aug 2007 05:27:37 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30207 I earn my state minimum wage and am paying off debts (student loans + business startup which failed when my health failed and I was in extended hospitalization) at the rate of almost $300/mo. How am I supposed to spend less than I'm spending now? I earn my state minimum wage and am paying off debts (student loans + business startup which failed when my health failed and I was in extended hospitalization) at the rate of almost $300/mo.

How am I supposed to spend less than I’m spending now?

]]> By: will http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30171 will Thu, 23 Aug 2007 18:47:29 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30171 I really think she's right on target with this list: * Commit to making a profit; * Stretch, by doing what you’re scared to do; * Surround yourself with supportive people, and eliminate the naysayers from your life; * Respect and appreciate money by taking care of it. How? By following the 4 Rules: Spend Less, Save More, Invest Wisely, and Give Generously…in that order! Nice helpful interview...even for a guy! Will I really think she’s right on target with this list:

* Commit to making a profit;
* Stretch, by doing what you’re scared to do;
* Surround yourself with supportive people, and eliminate the naysayers from your life;
* Respect and appreciate money by taking care of it. How? By following the 4 Rules: Spend Less, Save More, Invest Wisely, and Give Generously…in that order!

Nice helpful interview…even for a guy!

Will

]]> By: Karen http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30170 Karen Thu, 23 Aug 2007 18:39:18 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30170 I am so thankful for this series focusing on women. I am probably one of your older readers (about to turn 35 and an admittedly late bloomer) . Having followed a supposedly more altruistic route in my 20s, it wasn't until about 2 years ago that I finally realized that you can't really help others if you're not in at least a somewhat stable situation. I continue to learn from you and appreciate the knowledge shared! I am so thankful for this series focusing on women. I am probably one of your older readers (about to turn 35 and an admittedly late bloomer) . Having followed a supposedly more altruistic route in my 20s, it wasn’t until about 2 years ago that I finally realized that you can’t really help others if you’re not in at least a somewhat stable situation. I continue to learn from you and appreciate the knowledge shared!

]]> By: Cody McKibben http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30169 Cody McKibben Thu, 23 Aug 2007 18:33:00 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30169 Thanks for the comments guys! Glad you're enjoying this interview. I personally thought Barbara was full of great actionable frameworks. @nichole - I agree with S. Bruce; one must first live within his means and then save enough, before he is able to give back. It doesn't mean you don't VALUE giving more, but you must spend less and save more before you can share with others, in my opinion. I think it is wise of Barbara to tell readers to think this way. Thanks for the comments guys! Glad you’re enjoying this interview. I personally thought Barbara was full of great actionable frameworks.

@nichole – I agree with S. Bruce; one must first live within his means and then save enough, before he is able to give back. It doesn’t mean you don’t VALUE giving more, but you must spend less and save more before you can share with others, in my opinion. I think it is wise of Barbara to tell readers to think this way.

]]> By: Elissa http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny/comment-page-1/#comment-30165 Elissa Thu, 23 Aug 2007 17:58:14 +0000 http://www.iwillteachyoutoberich.com/blog/heroines-of-personal-finance-and-entrepreneurship-6-barbara-stanny#comment-30165 It makes sense to ask for a raise yearly, right? I have no problem negotiating a pay raise and being quite clear in what I expect and why I expect it, but trouble is simply knowing WHEN is a good to ask. I've been working for this very small company (6 employees, including the 2 owners) as a freelance employee on and off for 3 years, but I just started working as a full-time staff employee about 9 months ago. I make a pretty good amount of money, but I am doing more work now than I did when I started. And, you know, I can always use some more money. :) Since it's such a small company my boss(es) are almost always available (i.e. they're not unattainably locked up in their office all day, every day). Everyone in the office pretty much works together, face-to-face, on a day to day basis. So... how do I know when it's a good time to start negotiating a pay raise? It makes sense to ask for a raise yearly, right? I have no problem negotiating a pay raise and being quite clear in what I expect and why I expect it, but trouble is simply knowing WHEN is a good to ask. I’ve been working for this very small company (6 employees, including the 2 owners) as a freelance employee on and off for 3 years, but I just started working as a full-time staff employee about 9 months ago. I make a pretty good amount of money, but I am doing more work now than I did when I started. And, you know, I can always use some more money. :) Since it’s such a small company my boss(es) are almost always available (i.e. they’re not unattainably locked up in their office all day, every day). Everyone in the office pretty much works together, face-to-face, on a day to day basis. So… how do I know when it’s a good time to start negotiating a pay raise?

]]>