5 THINGS YOU CAN DOTODAY TO SHIFT YOUR MONEY PARADIGM AND MOVE FROM FEAR AND ANXIETY TO CLARITY AND LOVE
Eight years ago I started hosting workshops for women as I was inspired to do something as the Wall Street Journal published an article claiming that women retire with 2/3 of what men retire with, when compared at the same jobs, the same time horizon etc.
I wanted to change this!
So I failed quite miserably trying to lecture ladies in the strategic steps of financial planning. Since then I have been in the quest to find ways to help us women to close the gap between their retirement funds and that of their male counterpart. I think I have found new and more effective ways to[NB1] coach and advice ladies in their finances.
The system of power we ‘ve been cultivating in our society is masculine. It is about strategy, linear thinking, goals, anything controllable, anything that can be broken into action steps.
This leaves most women feel frustrated and discontent.
The reason why a different mode of activity is important for us ladies is that in general women fear being labeled selfish when they pursue power that only advances their own goal, not the common good, and they fear they lose out in relationships if they are too overly power-hungry, even if the result would be their own financial freedom.
IT’S TIME TO MOVE FROM FEAR TO LOVE
So, here are five steps to do today for better tomorrow in your finances:
( I am not yelling to you even though I am using caps J )
1. TRY TO HONESTLY UNDERSTANDYOUR ATTITUDE TOWARD MONEY
- WHAT IS YOUR FIRST MEMORY OR FEELING REGARDING MONEY?
- HOW DOES THIS AGE OLD MEMORY SHOW UP IN TODAY’S FINANCES FOR YOU?
- How would you end this sentence: “If I HAD $500,000 EXTRA IN CASH, I WOULD ……….”
- >>>WE NEED TO REALIZE THAT MONEY IS NOT GOOD OR BAD. IT IS JUST ENERGY!
- >>THE REASON WE MIGHT WANT TO FOCUS ON CREATING GOOD INCOME AND WEALTH IS THAT MONEY ALLOWS US TO LIVE AT THE FULLEST EXPRESSION OF OUR CREATIVITY, PRODUCTIVITY AND GENEROSITY.
- WITH THE FUNDS WE EARN WE CAN EFFECT CHANGE BY GETTING RID OF POVERTY AND HUNGER! WE CAN EMPOWER WOMEN IN DEVELOPING COUNTRIES TO HAVE DIGNITY AS THEY LEARN TO RUN THEIR OWN BUSINESSES AND EVENTUALLY WILL BE ABLE TO EDUCATE THEIR OWN DAUGHTERS.
2. IN A STUDY ABOUT THE TOP INCOME EARNERS IN THE US, 3 TRAITS UNIQUE TO THIS GROUP WERE IDENTIFIED
#1 ; SHE FEELS SHE IS IN CONTROL OF THE OUTCOME OF HER LIFE. NO VICTIMHOOD, NO FATALISTIC BELIEFS! THE LESSON FOR US IS TO DREAM BIG, SET GOALS, MAKE PLANS AND MAKE INTENTIONS.
#2: She has drive and strong desire to increase her wealth.
#3. TOP EARNERS BELIEVE WHAT HAS CONTRIBUTED THE MOST TO THEIR FINANCIAL SUCCESS IS FINANCIAL LITERACY AND KNOWLEDGE. - YOU HAVE PEOPLE AROUND YOU WHOM YOU HAVE HIRED TO DO SOME FINANCIAL WORK FOR YOU. FOR EXAMPLE, YOU MIGHT HAVE AN ACCOUNTANT, A TAX PERSON, A BANKER, A REALTOR….BE CURIOUS, ASK THEM QUESTIONS. IT IS NOT DUMB TO ASK WHAT YOU DON’T KNOW OR UNDERSTAND. IT IS DUMB TO STAY SILENT AND PRETEND TO KNOW AND THEN HAVE TO PAY FOR BIG MISTAKES AS NOBODY CARES ABOUT YOU MONEY AS MUCH AS YOU DO.
3. MONITOR YOUR FINANCIAL METRICS.
- KNOW WHAT COMES IN AND WHAT GOES OUT
- CHECK YOUR BANK ACCOUNT BALANCE DAILY WITH A GRATEFUL HEART
- CLEAN OUT YOUR WALLET WEEKLY
- SPEND TEN MINUTES EVERY SATURDAY MORNING TO RECONSILE WHAT YOU SPENT THAT WEEK AND WHERE YOU SAVED.
- DECIDE TO LISTEN TO YOUR INNER KNOWING WHEN IT COMES TO MONEY AND INVESTING. IF SOMETHING DOESN’T FEEL RIGHT IT PROBABLY ISN’T. DON’T LET ANYONE TO TALK YOU INTO SOMETHING YOUR GUT TELLS YOU NOT TO DO.
- A GREAT WAY TO TAP IN OUR INNER KNOWING IS TO FIRST WORK ON OUR INNER BARRIERS (THOSE CHILD HOOD MEMORIES AND ATTITUDES ABOUT MONEY THAT NO LONGER SERVE US) AND BY CONNECTING WITH OTHER WOMEN TO SHARE OUR EXPERIENCES, BUILD SUPPORT THROUGH AFFIRMATIONS AND ACCOUNTABILITY.
4. ACTION IS WHERE OUR POWER IS FOUND.
- YOUR MONEY IS YOUR VOICE AND YOUR VOTE
- THE FASTEST WAY TO SHIFT YOUR MONEY KARMA IS TO MAKE SURE YOU DON’T SUPPORT WITH YOUR MONEY ANYTHING THAT IS DETRIMENTAL TO THE ENVIRONMEN: YOU WANT TO CHOOSE PRODUCTS AND INVESTMENTS THAT ARE CRUELTY FREE, SUSTAINABLE AND GREEN.
IN MY WORKSHOPS WE LOOK FOR WAYS TO CREATE HARMONY WITH OUR MONEY.
TO MAKE SURE OUR RETIREMENT FUNDS ARE NOT INVESTED IN PRODUCTS THAT CAUSE HARM SUCH AS TOBACCO, ALCOHOL, SLAVE LABOR, FOSSIL FUELS, OR CORPORATIONS THAT EXPLOIT THEIR EMPLOYEES, ENVIRONMENT OR THEIR SUPPLIERS.
HOW ABOUT INVESTING IN THE CORPORATIONS THAT HAS FEMALES IN THEIR BOARD ROOMS?
5. WE NEED TO TEACH OUR DAUGHTERS THAT THEY, TOO, NEED TO UNDERSTAND MONEY ISSUES, THAT THEY NEED TO LEARN TO MAKE THEIR OWN INCOME AND DECISIONS, AND NOT TO COUNT ON PRINCE CHARMING TO COME FOR RESCUE.
THIS WILL HELP THEM BECOME BETTER PARTNERS TO THEIR FUTURE SPOUSES!!!
- EQUALITY STARTS AT HOME, THEN >> EQUAL PAY>>> EQUAL NUMBER OF SEATS IN BOARD ROOMS>>>EQUALITY IN BUSINESS, POLITICS AND EDUCATION.
IT IS MY DESIRE TO empower every woman I come in contact with to move from fear of finances and money decisions to confidence and love.