The more women I talk to, the more I realize how many women still lack financial confidence. They often fear making major financial decisions like where to invest, so they procrastinate. They fear tracking their spending, so they feel clueless about where their money goes.
Yet, these are the money habits that can help them create wealth.
Why aren’t women more confident with their finances?
Could it be that women unconsciously stop themselves from being assertive? So many highly capable women leave their financial lives up to their husbands, boyfriends or parents. Consequently, they give away their power around money.
How do I know?
Because I use to do that, too. I was left broke and penniless at the end of a fifteen-year relationship with a man who promised I would never have to worry about finances. Because I believed him, I quit contributing to my 401K, and never gave my future financial security another thought.
Until we split up.
After a huge financial crisis, I learned the hard way that financial empowerment for women must come from within.
Ladies, we must seize our financial wellbeing with all the fervor we can muster. We must embrace an unshakable determination to take control of our financial lives.
We must tell ourselves that we are capable of financial empowerment. We must not let outdated notions of gender and money hinder our goals for financial success.
Let us keep the acronym EMPOWER in mind as a reminder of why your financial power matters:
E – Empowerment must come from within
M – Motivation comes from your values
P – Protection against risk
O – Ownership of your financial security
W – Worthy of your time and attention
E – Education is a key component to grow your wealth
R – Responsibility to yourself and your financial wellbeing
Now if that doesn’t motivate you, I don’t know what will.
Hello, I’m Patti Fagan. Women’s financial empowerment is my passion! I am an award-winning money coach and Ramsey Solutions Master Financial Coach, dedicated to helping women transform their money relationship so they can experience financial peace of mind, and enjoy life knowing they’ll always have the money they need to take care of themselves and their loved ones.