We are continuing our “women and money” conversation with guest expert, Victoria Sexton. Join us for part two of “Dollars & Sense”. In this episode we discuss how women can fearlessly use their natural feminine instincts to successfully navigate the world of investing. Be sure to stay tuned until the end for a very special offer that is guaranteed to boost your money confidence, and just might change your financial future!
(Check out our special offer at https://courses.victoriasexton.com/p/investment-mastermind. Then, share the episode and the Investment Mastermind!)
(Victoria on the best time to invest.)
In preparation for our conversation with Financial Coach Victoria Sexton, we researched women and investing. To our disappointment, women have made little economic progress. Globally, we control only a fraction of the world’s wealth and earn on average 24% less than men. In the U.S., for every dollar a man makes, a woman makes 82 cents. In addition to earning less, women are more susceptible to poverty. One out of three women in America lives in poverty, and one out of five live in extreme poverty.
While on the surface it might appear that some women are doing better. For far too many, the income disparity between men and women is marked. And the gender wage gap is worsening.
When looking at average annual earnings, women earn $9,000 less than men. The pay gap widens even more for African American and Latinx women. And in retirement, a $1 million dollar savings will be worth nearly $1.2 million for a man, but only $625,00 for a woman. And let’s not forget that women tend to live longer than men.
The question of why this inequality exists has been answered many times over in academic studies and news stories, but research and rhetoric has not changed the story. Still, information is power– which is precisely why we invited Victoria to chat with us about investing.
Investing is a good plan for anyone, no matter one’s age or gender. However, women often face unique challenges in the financial world. Perhaps it is due to the way society perceives us. Or maybe our own mindsets are the problem. Many of us lack the information necessary to navigate the investment world. Some of us are externally discouraged from investing at all. While women outperform men as investors, some of us invest without fully understanding the risks and potential outcomes. And, often, we rely on professionals to tell us what is best for us.
We are fortunate to have a wonderful personal financial consultant who, even though we started the investment late, impressively grew Nia’s 529 college fund. I’m so grateful for him. However, I have no idea how he did it, or what he’s talking about half the time…and I’m being generous with my estimation of my knowledge. And I’m not alone.
So, for us, this is a really important (and long overdue) conversation that we are excited to share with you. And we don’t want it to end there. Listen to the end and find out how you (mother and/or daughter) can come “grow with us” as we shift our money mindset, increase our investment confidence, and take action to secure our financial futures.
IN TODAY’S CONVERSATION WE GET THE “TEA” ON:
…And, soooo much more!
Enjoy the “Tea”,
p.s. Need some incentive? Check out our episode on money and aging. “Crucial Conversations: Money and Aging”, Dollars and Sense: The Truth About Women and Money
“Give a woman a dollar, and she can put it to good use. Teach her about how money really works, and she can change the world.” -Linda Davis Taylor, CEO and Chairman of Clifford Swan Investment Counselors