This is just a quick note to thank all those who sent me emails/facebook chats about the previous post On Women and Money. What I loved is that although this post was targeted at women, I heard from just as many guys as girls. It seems that we have a little movement going of those who are opting to take responsibility for their finances and build financial security through ways other than hourly pay. Many people are starting to wake up to the idea of buying themselves a few long brunches in the sun instead of sitting at a traditional job five days a week. I was sent links to interesting articles and told about books and seminars that might assist me. On the other end of the spectrum, I heard from someone who believes that the pursuit of money is a dangerous endeavour and part of what is wrong with this world. Although a very different conversation to the one I am having, I love that it got you thinking about your own ideas around money and wealth.
I encourage anybody to feel as though they can email me at any time with interesting articles, books or opinions that I can share with our little community.
A friend sent me an article about motherhood and money which you can read here. This is one of the reasons I became so interested in women and money. We are the ones who carry the bubs. We are the ones who breastfeed for the first few months of a child’s life. There is no getting around this. We can’t pass this job on to men. And if you asked many women honestly, they would probably tell you that they wouldn’t give this up even if they could. My best friend and I have a private stream on my iPhone so that I can see photos of her little girl as much as possible. She popped a comment on a photo of her bub the other day that said “the love is amazing.”
However, there is no doubt that staying home changes the family finances somewhat. My mum has a gorgeous sequinned Oroton clutch bag that she has had for 30 years. When I asked her about it she said “I bought it just before you were born, because I knew there wasn’t going to be any money for nice things, so I wanted to have a lovely bag to take out.”
I guess it is my hope for women of the next generation that we are able to develop a great relationship with money. Not so that we can drive Porsches, but so that when life changes, our financial freedom does not. In my dream world, every woman who chooses to be a mother, or stay off work to take care of a sick family member, or whatever else adds a spanner to the financial works, can afford to buy herself help around the house, or just a nice lipstick.
The article mentioned in this post had a quote that I found really interesting:
“Over generations women have been conditioned to believe that they aren’t good with money. Many women still hold attitudes that get in the way of them taking control of their finances – from thinking it doesn’t matter, to finding it stressful, uncomfortable or boring,” Andrysik says.
“Although when women do manage their finances they tend to be better at it than men.”
This isn’t about being better than men. It isn’t even a chat about equality. It is about the fact that in many cases women lead different life paths to men, so they have different financial needs that may require different, innovative ways of building their own wealth and security.
This conversation leads perfectly into the following post I will publish next week on how to work on our mindset around money and start to see finances as exciting, not daunting. When I changed how I thought about money, a whole different world and brand new opportunities opened up before me.
Thanks again for the engagement!
Much love xx
Photo: My own