Earlier this week, I went to a 6-hour financial planning seminar. I was the only woman in the room; there were 5 men, 4 of them closer than I to retirement age. The course was great, but there was so much information that it could easily be turned into a 16-week course. My biggest lesson from the course is that I need to know more, as I believe most women do.
Risk management, cash management, investment concepts, tax management, retirement planning, estate planning — serious topics. Ask yourself the tough question today: How much do you know about each of these topics? Follow that question with this one: How much do you know about these topics as they pertain to YOU and YOUR FAMILY? I have known for a while that I don’t know enough, but I am going to change that now.
Understanding your money is difficult. There can be fear associated with it, which might lead you to shut down. “I’ll do it tomorrow,†you’ll say. We must stand up and take control of our finances; know what we have coming in and going out. We must know and understand our goals for the future and start planning – now.
“If you have no goals, you have no direction and no way of knowing whether you’re on track.â€
— Source: The Complete Financial Management Workshop, Emerald Publications.
I’ll be writing about this topic as I learn more. I’d love to hear your success stories too.
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ABOUT ALICIA: Alicia is the founder of Balancing Motherhood.com. Last year, she managed to stay sane while completing an MBA, working full-time, blogging, and still baking amazing birthday cakes — all while raising a young family at home.
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