Tips in Ten - Overcoming Money Disempowerment
Host – Teresa Mitchell, CFP teresa@lady-money.com
In my 20 years in the industry, I have had over a thousand conversations with women who have not felt they have reached their financial potential – usually in the areas of investing and subsequent financial security. I have found the key to moving forward from the image of bag lady to empowered lady is having a different kind of conversation with women than they usually experience with a financial advisor. It is about focusing more deeply on what matters in terms of family, community and life purpose. Approaching the conversation with compassion and a goal of honest, authentic connection creates a sense of trust that makes financial education and taking investment action not only possible but desirable.
To that end I left my longtime wealth management firm and am launching a personal financial coaching platform -- LADY MONEY, LLC. It is intended to help women achieve a sense of financial wellbeing around investing for retirement that imparts peace of mind and ultimately leads to financial security.
Resources –
Financial Issues –
https://www.gobankingrates.com/money/financial-planning/financial-issues-only-women-face/
Financial Disempowerment –
https://www.ubs.com/us/en/wealth-management/specialized-advice/women-and-finances.html
Lack of Confidence --
https://www.ally.com/do-it-right/money/money-opportunities-and-challenges-that-females-face/
https://www.td.com/us/en/investing/insights/womenomics/
Money Beliefs –