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Hiding your money (in a 401(k)!)
When I explain to clients or prospective clients how to save, I have an approach I like to call my “Next Dollar Policy.” The policy exists so that I don’t have to think about it – when I get to a world where there’s extra, I know exactly where it will go. Here’s a high…
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Why Women MUST BE Investors (spoiler alert: For our daughters)
I met with a girl last week who is in her twenties, working for a large investment firm. She is polished, professional, well spoken and incredible at sales. She had also been taken completely aback at a recent conference when someone cited that women could not have their own credit card (by the way, they…
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Feminine Morality & Money
I’ve been reading The Feminine Mystique for the first time, by Betty Friedan. First published in 1963, Friedan creates a much more reachable picture of the 1950s housewife. She felt the mystique herself – the “something missing” beyond roles as wife and mother. If you haven’t read it, as Arianna Huffington quips on the cover…
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Back to School, Back to Budget Basics
A trip to Target just cost me $300. Most of the cart was filled with “back to school” – not really supplies, but things like new pjs for girls who outgrow everything in 6 months, lunchboxes, new dance shoes, whiteboards for bedrooms because my kids love to write down their own routines for the days…
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How do we carry our kids?
“Mom, aren’t you on a diet?” Reagan commented as I ate TWO bites of her chocolate chip pancakes this morning. “Nope,” I said, “who told you that?” Of course the reply was something mumbled, my suspicions lay with Grammy, Papa or Daddy… but I replied with the same thing I’ve said to them a hundred…
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Wealth: The First Generation
No one will understand that title but me, but Trekkies are my people. When writing my last post about money avoidance, and specifically thinking about how that script came to be a dominant one for me, I have thought a lot about firsts. I haven’t ever been the first woman to do anything, but I…
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Money Avoidance
Have you ever looked at a thin or fit woman and thought to yourself “Well, she’s not happy. She can probably only eat lettuce and she can’t have a cocktail and it’s way better to be me?” Ok, maybe you don’t think exactly that. But maybe something along those lines, the point being that we…
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Make sure you’re part of the Great Wealth Transfer
Women stand to control around 67% of stock market wealth by the year 2030. That’s only FIVE years away. This unprecedented shift is being talked about constantly in the Wealth Management industry, but beyond that, I don’t think this is common knowledge. Like most things though, hearing a prediction doesn’t often cause anyone to behave…
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Does your diet impact your money? Part 2
Maybe the more obvious way that diet impacts money differently for women than men (although this gap is possibly closing), is Diets with a capital D. You know, the difference when you say “I’m on a Diet” versus “My diet consists of…” The Diet industry, this multi-billion dollar behemoth, can’t necessarily be characterized as good…
