“Invest in yourself. It will pay you for the rest of your life.” -Aristotle
Courage and Confidence Challenge #9
Money matters. Think about the messages your daughter receives about money both in the media and at home. Earning it. Investing it. Making lots of it. We know the media does, but consider how you subtly or indirectly tell her that she can depend on others (like a future husband) to take care of her financial needs? Is earning power a factor when she considers her future? Today make sure to frame earning money as a path to freedom, empowerment, and the opportunity to make a broader difference in the world. This isn’t about greed or doesn’t mean giving up on a dream. In fact, the goal is the very opposite! It does mean making choices that assume she is responsible for her financial well-being. If you need more direction, start with education by checking out The Daily Worth and Amanda Steinberg’s accompanying book, Worth It: Your Money, Your Life, Your Terms. In addition to helping empower women financially, Amanda is a serial technology entrepreneur and an inspiring role model.
So many reasons why. For starters, statistically, women are more likely to spend time on budgeting/expenses than investing, more likely to feel anxiety around investing, less likely to ask for raises, less likely to consider financial impact when making career decisions, and less likely to feel confident around making sound investment decisions.
Anecdotally, I can share countless stories of how economic disempowerment plays out at every life phase. There was the mom who suggested her 13 year old daughter consider a “flexible” career path – i.e., let’s set the vocational dream bar low and think about how you might work part-time once you have kids before you even start high school.
And the teenager who thanked me for saying, “making money was a good thing” because she thought it was selfish and felt guilty about considering finances when dreaming about a career path.
Or the messages everywhere telling girls to focus on marrying an ambitious person rather than being the ambitious person.
And finally, I also see how it plays out on the other end of vocational life…women in their 60’s and beyond who feel handcuffed (still) by work that they dislike or don’t know how to step back into the workforce. Let’s empower our daughters to invest in their careers and their financial well-being from the outset. Much more to come on this topic from The Brave Core.
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