Women should definitely have a strategy to guide the thinking mindset messages to achieve the desired goal. Having a healthy mindset about money is crucial in life. Our financial relationship today stems from childhood, which is when we develop “money blueprints”. These are our beliefs about money, which drive our financial behaviors. And usually, we’re not even aware of them.
Money blueprints are shaped by direct experience, family stories, environment, friends and parental attitudes. Before the age of seven, a child doesn’t know enough to be able to rely on their own judgement and reasoning. Their critical faculties are undeveloped. It is because children haven’t developed this critical faculty that they can believe in Father Christmas and fairies as easily as they believe in money.
Until we take control of our own minds, our beliefs about the world and ourselves come from the continual messages that we receive in the first few years of our lives.
Are women breaking the conventional barriers?
It’s tougher on women because most of us grew up learning to be dependent on someone else, usually a man—first, our fathers, then our husbands, and when we’re old, our sons. We’ve been conditioned to believe only men handle financial matters and that our voices don’t count. Subliminal hints tell us to let the man drive, let him handle the money, let him run your life.
Believe me, I was once there, until I realized I didn’t like the feeling of helplessness or knowing that my progress had nothing to do with my intellect, but the choices made by another. I decided to take charge of my financial destiny.
Taking the bold step
I wanted to take control of my finances so I could make MY decisions about MY wants and needs. Taking the bold step was one of the best things I ever did because, once I became enlightened, I couldn’t wait to teach other women how to take control of their finances. I started at home, with my daughter. My parents laid the wrong money foundation for me out of their own ignorance, but I’m changing that trend with my daughter. Not only will she not leave her finances to another person, but the knowledge I pass on will empower her to live life on her own terms and contribute to the overall wellbeing of our world. There’s nothing like an empowered woman to set the ball rolling on positive change for society!
Why is there so much fear among us for matters of money and finance when it is so central to our lives?
Don’t get me wrong. Today, there are more women rising to the challenge of getting informed about their finances. But in this 21st century, we shouldn’t even have women who still follow the old order. Our mission should be to make sure every woman is financially literate and can make decisions for herself. Our goal should be to erase the remnants of patriarchy in the financial world.
There’s a lot of agitation for gender equality these days, but how is that possible if many women are at a disadvantage when it comes to financial knowledge? Many women still do not see the possibility of dominating the financial industry, and we must change that.
Why am I so passionate about this issue?
In today’s world, money is a key resource and whoever controls it wields power. Money is tied to nearly every decision we make concerning our lives and families: where we live, where we work and what we do, what schools we attend, etc.
Tons of research studies out there have established that women generally have less financial knowledge than their male counterparts.
So, how can we change this trend?
For one, motivation is key. And when I say motivation, I don’t mean the one you get from a motivational speaker. I’m talking about you motivating yourself and realizing that education might be expensive, but ignorance is deadly. A motivated woman is a force in herself. It breaks my heart to see fellow women face situations that could have been avoided if they had just paid more attention to their finances: a wife starting from ground zero after a divorce, a woman living in luxury without investments or savings, the list goes on and on.
The earlier we take charge of our financial destinies, the earlier we can start building the kind of lives we want and the kind we want to leave to our children and grandchildren.
Building your legacy
This is bigger than money. This is you building your legacy because only when you’re informed can you take decisions that won’t leave you crying for years to come. Also it is important to remember that “when you teach a woman you don’t teach one person but the whole community”; that is why we need more women taking charge of their financial future.
Go out or go online. Attend training in the money topic. Use the internet for research. LEARN. I don’t guarantee that you’ll find this process easy or enjoyable, but one thing I know: your future will be better for it.
Want to know how you can start building your wealth?
Start by getting my detailed Trading For Success roadmap with actionable steps, graphics and examples to help you take control of your financial future.
Bottom line
It is a time for revolution and bringing all new things to the money foundation. To bring financial freedom to women, it is necessary to make them learn about these basics from the very beginning. With all advance knowledge, practice and exposure to the financial world, the women of the future will be able to make a difference. The training should start from the beginning. We need to transform our ideology and practice towards financial education.
It is not only about the female learning of the financial market but men too. The limited exposure our parents have in the investment market never let us to take a further step. By breaking the conventional barriers and making a move towards better, improved and solid practices. It is possible to reach out for the financial freedom we all have been looking for in our lives.
If you enjoyed this article on The Pillars You Need To Build A Strong Money Foundation or have any questions for me, please feel free to leave them in the comment section below!
Recommended Resources: If you’re interested in learning more about online trading, check out my book “Trading for Success; 8 secrets why women are better forex traders” and take a deep dive into my blog.
