money taboo

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

https://www.nerdwallet.com/article/investing/survey-less-than-half-of-women-in-u-s-invest-in-the-stock-market

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 –

https://s3.amazonaws.com/kajabi-storefronts-production/sites/88071/themes/1463604/downloads/fkKzwXp4TnikniUdVLl8_How_clients_money_scripts_predict_their_financial_behaviors-_Journal_of_Financial_Planning-_2012.pdf

Julie Hunt has over 20 years’ experience working in the financial service industry and has lots of letters after her name and certificates to prove it. For the past 17 years, she’s been running Face to Face Finance, a successful Independent Financial Advice firm based in Norfolk, UK.

As a business owner herself, Julie comes into contact with countless other women in business, women with busy lives and lots of priorities, and she wants to help by equipping them with simple tools and the support needed to make continued progress towards their financial goals.

In this episode, Jo speaks to Julie about the fact that her mission has always been to educate people about money and try and make it seem like less of a taboo topic. Julie believes that by sharing her money journey, it will help inspire people to work hard towards their dreams as they do come true.

You can find the free resources we discussed on the podcast here - www.themoneycompass.co.uk

Men out-earn women in both traditionally male-dominated and female-dominated professions, according to recent data from the Bureau of Labor Statistics (BLS). 
There are a number of reasons why the gender pay gap exists.

Here are some HIGHLIGHTS from this episode.

 01:23 What is happening in America?

03:56 What is a gender wage or pay gap?

06:54 Why are women earning less than men?

11:31 The motherhood penalty

16.14 Pay gap and race discrimination

19:54 Changes in the making

24:04 Pay gap and sexual orientation and gender identity

25:56 Is the gender pay gap fixable

Connect with me:
Instagram: https://www.instagram.com/the_financiologist_mjcaesar/
Facebook: https://www.facebook.com/merginglifeandmoney
YouTube: https://www.youtube.com/channel/UCDOmx_ThReq0hAC3acvMQ9g
Twitter: https://www.twitter.com/https://twitter.com/mariejocaesar
LinkedIn: https://www.linkedin.com/in/mjcaesar

Click this link https://mariejocaesar.com/fp-quiz to take the "What's Your Financial Personality Type” Quiz, so you can transform your financial identity and create Financial Freedom.

Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.

How do they view and address their finances including the obstacles that may be holding them back?
When it comes to finance, women have traditionally faced an uphill battle. The gender wage gap, roles as caregivers and motherhood greatly affect a woman's savings and retirement.

Here are some HIGHLIGHTS from this episode.

 04:53 Why are so many women afraid to talk about money

08:18 The high cost attached to remaining silent about money

10:16 Five suggestions of how to overcome the money taboo

11:55 Why women lack confidence when it comes to financial matters

14:27 Six suggestions to fix your lack of confidence

20:28 Why you should disregard societal expectations

Connect with me:
Instagram: https://www.instagram.com/the_financiologist_mjcaesar/
Facebook: https://www.facebook.com/merginglifeandmoney
YouTube: https://www.youtube.com/channel/UCDOmx_ThReq0hAC3acvMQ9g
Twitter: https://www.twitter.com/https://twitter.com/mariejocaesar
LinkedIn: https://www.linkedin.com/in/mjcaesar

Click this link https://mariejocaesar.com/fp-quiz to take the "What's Your Financial Personality Type” Quiz, so you can transform your financial identity and create Financial Freedom.

Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.