“When people point out that I am successful in business AND a woman and a mother, I have to wonder why that should come as a surprise or be a fact worth noting.”
– Kim D. H. Butler, Financial Author and Advisor
What challenges do women face when it comes to money? What must they do to overcome these challenges? And where are the signs of hope and progress when it comes to women and wealth?
When it comes to “making it,” the media loves to report on overnight successes, lottery winners, and tech companies that seem to come from nowhere to capture the imagination of the market. It is exciting to contemplate being handed a fortune and fantasize about spending it. Exciting, but also quite misleading.
“I think making mistakes and discovering them for yourself is of great value, but to have someone else to point out your mistakes is a shortcut of the process.”
Have you ever made a big financial mistake? You’re not alone. According to a Consumer Federation of America report from 2012, 67% of middle class American consumers (those with annual incomes of $30-100,000) owned up to a “really bad financial decision”, resulting in an average loss of $23,000.
“The greatest wealth is health.”
January is a popular time to make health-related resolutions and set goals to lose weight, exercise, or give up unhealthy habits. While people rarely make these resolutions for financial reasons, having a healthy body can actually lead to a bigger bank account!
“All I ask is the chance to prove that money can’t make me happy.”
~ Spike Milligan
Are people who make more money happier? What about people who save more? Can people be happy with very little? And how do your spending habits impact our satisfaction?
Economic self-reliance: the ability of a person, place or nation to endure successfully without additional financial support from government or other agencies.
From earthquakes in Nepal, tsunamis in Indonesia hurricanes in the South, mudslides in Northwest, and drought in Africa (and now, California), it doesn’t take a weather report to convince the average person that life is full of surprises and challenges.
“Acknowledging the good that you already have in your life is the foundation for all abundance.”
– Eckhart Tolle, A New Earth
The Emotion that Helps us Make Better Financial Choices!
Gratitude is an important element to experience contentment and inner wealth. But does it have a positive impact on our financial wealth?
Apparently, YES it does! And now there is proof.
“If they can get you asking the wrong questions, they don’t have to worry about answers.”
– Thomas Pynchon, Gravity’s Rainbow
Financial and political power congregates on Wall Street… epicentre of the American financial universe, and the subject of many a movie about the ruthless and the rich. But to the average American investor, putting your money into stocks, bonds and mutual funds is just “what you do.”
How Risky Is That Risk Assessment Questionnaire?
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
If you’ve ever walked into a financial planner’s office or a brokerage firm, chances are you were handed a “risk assessment questionnaire,” or something like it. The purpose of the this quiz is to assess how much risk you are comfortable with when it comes to investing.