No offense men, but this post is for all the ladies in the house.
Now let me get to the point ladies: stop shying away from your money. Own your financial prowess. Own your power. Own your life and how money is a tool to achieve everything you dream of.
I’m not talking about the wage gap here. I’m talking about the lack of confidence around our finances. It’s all about the messages women receive and tell themselves about whether or not they can thrive financially.
I know that there are situations out of our control. Or we have so much and feel guilty that others have so little. Stop it. Just stop it.
We need to rise up and help each other out.
According to a report by Prudential on women and their financial experiences and behaviors, only 20% feel very prepared about their long-term financial goals. This statistic is scary since most of the women survey considered having enough money for retirement as their top financial concern.
Clearly, we’re smart and capable women. I count myself as one of them. Sadly, though, we’re letting our emotions get in the way.
What makes me sad to hear is that the same report showed that only 20% of women surveyed within that 20% who don’t feel prepared also don’t feel confident in making wise financial decisions. A third of these women also feel it’s either the lack of time, lack of knowledge of resources or feeling like they don’t have enough money for them to be financially free.
I really hope I’m not coming across as money shaming, but if you want to sleep better at night knowing that your money is working for you, it’s time to take matters into your own hands.
Now clearly I can’t help everyone. But what I want you to know right now is that I care. I want you to succeed. I need you to succeed. Because if you don’t, the girls of the future won’t be resilient with their finances and it’ll break the world’s heart to have that happen.
If you’re ready to increase your financial resiliency, here are three tips I can offer you:
When I first had to dig myself out of debt, I thought reading books until my eyeballs felt like falling out was the answer. Turns out that it made me more stressed. I learned that I should learn one thing at a time until I got the hang of it, then tackled another personal finance topic.
The best thing you can do is to be kind and gentle with yourself. Learn from blogs, books or podcasts. Start implementing things here and there. Once you take some action, you’ll notice your confidence naturally increase, motivating you to do more. To quote Martha Stewart, it’s a good thing.
If you need to earn more money, check out my friend Kayla Sloan’s course 10K VA, where she outlines the exact process she used to earn $10,000 a month from her virtual assistant business.
Yeah, it’s a bit awkward to talk about money with your friends, but get over it. I know from personal experience that talking about my concerns, no matter how silly I thought they were really helped. And you’d be surprised at how many others may have the same concern or have some great advice to offer.
If you’re not quite ready for that yet, see if your workplace has a program in place. If not, find a trusted professional that you know will look out for your best interest (i.e. isn’t trying to sell you anything).
Actually, there is a great mentorship program going on over at Women’s Money. I highly suggest you check that out.
Take Care of Yourself
Seems a bit unrelated, but learning about finances is stressful and you need to take care of yourself. It doesn’t mean you have to go out and get a manicure every week or anything, just find something that will help you relax and unwind. Think of it as an opportunity to show that you care about your own well-being.
When I felt low about my money, I did simple things like sitting on the couch and savoring a cup of tea or giving myself an hour to play a favorite childhood game. It always made me feel better and showed me that I’m worthy of being taken care of.
And it’s these feelings of worthiness that will carry us through our financial worries. I know the more I took care of myself, the more my bank account grew.
No matter what, know that I and countless other women are looking forward to your success. Now go forth and conquer.