Comments on: On My Own Two Feet: Money management made simple http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/ Practical Career Advice for Women Who Think Outside the Cube Thu, 20 Nov 2008 09:33:24 +0000 http://wordpress.org/?v=2.6.3 By: Michelle Goodman http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-25673 Michelle Goodman Thu, 17 Jan 2008 17:57:35 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-25673 Georjina, here's an answer from Manisha and Sharon. They also recommend checking out David Bach's book Start Late, Finish Rich. "Yep, we so hear you. We are all about women - at every stage of their lives - living from a position of financial strength. Alas, right now that is not the case. According to The Women's Institute for Secure Retirement, a stunning 2 out of every 3 women over the age of 65 are currently relying on meager Social Security payments as their PRIMARY source of income. In plain English that means that literally MILLIONS of women who have devoted their lives to making the world a better place and caring for others along the way are now having to choose between food and essential medicine in their golden years. When we talk about this to groups of younger women, sometimes we'll see eyes glaze over and we can almost feel the heat as thoughts meander through the air... "That's not going to happen to me..." But here's the stark reality: 80% of men die married & 80% of women die SINGLE. Most of us ladies will be the sole providers of our personal finances at some point in our lives. This is why we firmly believe that ALL women should have financial knowledge and strength. That said, we've chosen to focus our initial financial literacy advocacy efforts on women in their 20s, 30s, and 40s - because as women who have worked in the financial services industry we know firsthand that if you do a few simple things early on in those decades (save, invest & protect) you can avoid the fate that so many older women are currently suffering. From what we've seen, the reason so many women later in life are struggling today is that they didn't get the necessary financial education early on. That's why we've decided to make it our cause. We're on a mission to create a MOVEMENT... to try and prevent this cycle from repeating with the next generation!" Georjina, here’s an answer from Manisha and Sharon. They also recommend checking out David Bach’s book Start Late, Finish Rich.

“Yep, we so hear you. We are all about women - at every stage of their lives - living from a position of financial strength. Alas, right now that is not the case. According to The Women’s Institute for Secure Retirement, a stunning 2 out of every 3 women over the age of 65 are currently relying on meager Social Security payments as their PRIMARY source of income. In plain English that means that literally MILLIONS of women who have devoted their lives to making the world a better place and caring for others along the way are now having to choose between food and essential medicine in their golden years.

When we talk about this to groups of younger women, sometimes we’ll see eyes glaze over and we can almost feel the heat as thoughts meander through the air… “That’s not going to happen to me…” But here’s the stark reality: 80% of men die married & 80% of women die SINGLE. Most of us ladies will be the sole providers of our personal finances at some point in our lives. This is why we firmly believe that ALL women should have financial knowledge and strength. That said, we’ve chosen to focus our initial financial literacy advocacy efforts on women in their 20s, 30s, and 40s - because as women who have worked in the financial services industry we know firsthand that if you do a few simple things early on in those decades (save, invest & protect) you can avoid the fate that so many older women are currently suffering. From what we’ve seen, the reason so many women later in life are struggling today is that they didn’t get the necessary financial education early on. That’s why we’ve decided to make it our cause. We’re on a mission to create a MOVEMENT… to try and prevent this cycle from repeating with the next generation!”

]]> By: Michelle Goodman http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-25389 Michelle Goodman Mon, 14 Jan 2008 01:22:40 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-25389 Georjina, I just turned 40, have never been married, and am with you 100%. I am pretty behind on investing, too, and am nowplaying catch-up. I'm passing your question on to Manisha and Sharon; hopefully they'll have time to answer this last question. Just so you know, this discussion -- and their book -- has ALWAYS been about women standing on their own two feet (note the book's title, On My Own Two Feet) rather than relying on a spouse. So I don't think your question is off-topic at all. Georjina, I just turned 40, have never been married, and am with you 100%. I am pretty behind on investing, too, and am nowplaying catch-up. I’m passing your question on to Manisha and Sharon; hopefully they’ll have time to answer this last question.

Just so you know, this discussion — and their book — has ALWAYS been about women standing on their own two feet (note the book’s title, On My Own Two Feet) rather than relying on a spouse. So I don’t think your question is off-topic at all.

]]> By: Georjina http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-25387 Georjina Mon, 14 Jan 2008 00:56:47 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-25387 May be a bit off topic here, but what about single women in their 40's, 50's and sometimes 60's. Not all 'married well' or married at all and are just now learning about investing or money management. I'd like to see the 'age' thing taken out and the 'autonomy' put into how women can take care of themselves. May be a bit off topic here, but what about single women in their 40’s, 50’s and sometimes 60’s. Not all ‘married well’ or married at all and are just now learning about investing or money management. I’d like to see the ‘age’ thing taken out and the ‘autonomy’ put into how women can take care of themselves.

]]> By: Michelle Goodman http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24721 Michelle Goodman Fri, 04 Jan 2008 16:46:50 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24721 rachelyra, i'll pass that question on. nicki, thanks for stopping by. i love your "get out of debt" post! great minds indeedy... rachelyra, i’ll pass that question on.

nicki, thanks for stopping by. i love your “get out of debt” post! great minds indeedy…

]]> By: nicki http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24696 nicki Thu, 03 Jan 2008 22:59:10 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24696 we have a story which complements this advice today on theglasshammer.com have a look. great minds think alike! we have a story which complements this advice today on theglasshammer.com have a look. great minds think alike!

]]> By: rachelyra http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24689 rachelyra Thu, 03 Jan 2008 20:38:44 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24689 I'd love to hear some advice on how all these savings and retirement ideals fit into credit card debt. My income has stabilized but i've got a little debt from starting my business - should i be stashing money anywhere else besides into paying this off? I’d love to hear some advice on how all these savings and retirement ideals fit into credit card debt. My income has stabilized but i’ve got a little debt from starting my business - should i be stashing money anywhere else besides into paying this off?

]]> By: Finance guide » On My Own Two Feet: Money management made simple http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24687 Finance guide » On My Own Two Feet: Money management made simple Thu, 03 Jan 2008 19:58:35 +0000 http://www.anti9to5guide.com/2008/01/03/on-my-own-two-feet-money-management-made-simple/#comment-24687 [...] Original post by Michelle Goodman and software by Elliott Back This entry is filed under Finance guide. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Prev/Next Posts « How to Find Your Passion Before You Start Your Business | Home | Turkey to speed up privatizations in 2008 » Leave a Reply [...] [...] Original post by Michelle Goodman and software by Elliott Back This entry is filed under Finance guide. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Prev/Next Posts « How to Find Your Passion Before You Start Your Business | Home | Turkey to speed up privatizations in 2008 » Leave a Reply [...]

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