I had a panel discussion on women and the power of asking last year. Michelle Smith, a financial advisor and the CEO of Source Financial Advisors who works with women, was one of the speakers. To this day, women who attended the event still comment on how powerful and inspiring her message was. Maybe you’re one of the few women who is comfortable with money, but for most of us, we’ve turned it into a complicated matter we think we don’t understand and often ignore (to our own detriment). Myself included.
Michelle’s advice speaks to every woman, and especially those in any kind of partnership. Not to be a buzz kill, but as Michelle puts it “Every marriage ends in one of two Ds—death or divorce.” Who wants to wait until you’re at a low point in your life to deal with heavy-duty and possibly life-changing financial issues? Do you know what financial documents you’ve signed over the years (leases, mortgages, LLCs) and what they mean? How about letting go of the emotions we attach to money and learning how to make whatever you have work for you and change your life now—partners or no partners? We all should, and can be, financially savvy. You don’t have be good at math, you just have to make the effort. And for women to be successful at it and have a positive experience, they need a path tailored to their needs and desires. Michelle gets that and offers easy, key steps we can all follow.
Recording this podcast was somewhat selfish, because I feel that it’s an episode I can listen to every few months, when I need a swift kick in the pants to get my finances in order. (I can easily go off the rails so to speak.) I hope you take something positive away from it as well. Please subscribe to iTunes to listen. Enjoy!