What tips do you have for women about money?

What tips do you have for women about money?


Faustina Agolley: For the first year of my employment, I spent all my money on CDs. I work in music so you can see the correlation there. It wasn’t until I watched “The Oprah Winfrey Show,” I noticed this man that’s still considered quite a financial leader, I guess, in the game in financial literacy — Robert Kiyosaki. He was all about making sure that you pay yourself first before you spend money on things and pay your taxes. So I realised, “Oh my gosh, I’m spending 100% of my money on CDs. I’d better save”. And that’s what started my gung-ho attitude into saving and investing. Sarah Moran: It is 100% okay to like money. I used to think it was bad to want to be rich. When I bring it back, it’s like, no I should aspire to be financially independent and successful and looking after myself in the world. One of the things that is a high risk is when women are so worried about having the money conversation that they just agree to do something for free. Putting a dollar value on something really helps people understand what they’re working with and how much they should value you. Jane Caro: The hardest thing to watch is friends who tried to be what women of my generation — I hope it’s less so now — were brought up
to be, which is self-sacrificing and, unfortunately, that has such terrible
ramifications over a lifetime. The putting yourself last snowballs to the
point where you don’t have enough. Do not sacrifice yourself for others, no matter how much you love them, because inevitably it will blow up in your face, and you will end up being that very thing you always dreaded: a burden on the very people you love. So, every time you want to be selfish, just remember you’re not being selfish you’re looking after the people who love you in the long term by looking after yourself.

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