|3 Things Every Woman Should Know About Herself & Her Money|
|News Releases - Business, Economy & Finance|
|Written by Ginny Grimsley|
|Tuesday, 30 July 2013 10:24|
‘It’s a Relationship That’s Not Going Away,’ Advises Female Financial Expert
If you’re a woman, chances are good that in the years ahead, it will be you and you alone who’s responsible for managing your money.
That could be a problem: Even among the very affluent, many women admit they know little to nothing about bigger-picture money concerns such as financial planning and investment management, according to a recent survey.
“A lot of women cede those responsibilities to their husbands or partners because they say they don’t have the time, interest or opportunity to learn,” says Luna Jaffe, Certified Financial Planner™, psychotherapist, and author of the new “Wild Money: A Creative Journey to Financial Wisdom” and its companion workbook, “Wild Money: A Financial Field Guide and Journal,” (www.lunajaffe.com).
“Things are changing- more women are choosing not to marry or have been devastated by divorce or death of a loved one. They recognize they can’t ignore money any more, but don’t know where to turn or who to trust.”
But even women with a net worth of at least $1 million concede they aren’t especially knowledgeable about money management. In the Women & Wealth Study sponsored by GenSpring Family Offices, only a third said they know a lot about financial planning, and 30 percent said the same for investment management.
Part of the problem is that financial education is male-oriented, catering to how men’s brains are wired and what appeals to them, Jaffe says.
“When we approach it creatively and from a more emotion-based perspective, women are not only drawn to learning about it, they have no trouble getting it,” Jaffe says.
She offers these three things every woman should know about their relationship to money:
About Luna Jaffe
Luna Jaffe is a Certified Financial Planner™ and Accredited Asset Management Specialist with more than 10 years of financial advising experience. She holds a master’s degree in Depth Psychology and a bachelor’s in Bilingual Education. Jaffe is a popular speaker whose creative compassionate approach to financial guidance differs sharply from male-oriented approaches. Securities and advisory services offered through KMS Financial Services, Inc.
Tags See All Tags