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by | Mar 22, 2016 | 0 comments

Women still aren’t talking about money. Not as much as they should be.

A study conducted by The Fidelity Investments Money FIT Women Study in 2014 found that women were more confident discussing medical issues with a doctor on their own than talking money and investments with a financial professional

“Beneath women’s reticence to talk about money lies a lack of confidence in their knowledge of financial planning and investing,“ says Kathy Murphy, president of Fidelity’s Personal Investing.

But the thing is that learning about money and gaining financial confidence is not as hard as many women think it is and it’s never too late to learn.

We weren’t born with money management skills!

Money management is not part of our DNA and we aren’t born being financially savvy or financially inept. Managing your finances is a learned skill. And it’s something that everyone absolutely needs to learn. It’s all about being open to it, practicing and being in a state of enquiry when it comes to your finances. It’s about changing your mindset around money, gaining financial know-how and creating an easy to implement money systems.

These changes in thought and action will naturally help you gain a sense of confidence with your money that will in turn help you to create a better financial future.

But to be truly successful in business you must be financially literate.

Financial illiteracy is growing and it really needs to stop. Women need to wise up & get a hold of the finances. Sure, you can have a great financial team around you but nothing takes the place of you knowing exactly what is happening within your own business at all times. Knowing exactly what is going in and what is going out.

To achieve true financial freedom, you need to become empowered with your numbers. And being empowered with your numbers give you such a beautiful sense of confidence and having money confidence is an absolutely amazing thing.

In order to become confident with your money, you need to ditch the limiting beliefs that have been holding you back and create new money beliefs that make sense and are aligned with your desires.

In my practice I’ve seen women’s low confidence in financial literacy and their fear of change hurt their businesses and their lives. Some clients choose to stay stuck and stay where they are because they are so uncomfortable with change. They sabotage any chance of success rather than trying something different or something that they’re unsure of.

David Schwartz, Author of “The Magic of Thinking Big”, says that no one is born with confidence, it needs to be developed. These people you know who radiate confidence, who have conquered worry, who are at ease everywhere and at all times, acquired their confidence, every bit of it.”

Trying to gain confidence can be a bit like being on a swinging pendulum. Initially it’s about allowing yourself to swing from fear to confidence. And you’ll find that taking those swings often enough will ultimately give you the tools you need to become financially empowered and create lasting financial confidence!


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