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. â€œIâ€™ll do it tomorrow,â€ youâ€™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 â€“ now.
â€œIf you have no goals, you have no direction and no way of knowing whether youâ€™re on track.â€
— Source: The Complete Financial Management Workshop, Emerald Publications.
Iâ€™ll be writing about this topic as I learn more. Iâ€™d love to hear your success stories too.