Over the last six months I have been reading blogs, reviewing postings from the financial services industry, and really just looking around to understand what we, as women, are offered in terms of financial education. For the past fifteen years the information I read has been targeted to financial advisory and broker professionals, since that is where I lived professionally. My information resources were probably more sophisticated than those of most of the women in this country.
What I have experienced recently is very nice; however, it seems to be about budgeting, how to save money on consumer purchases, little quotes about life insurance or wills, constant reminders that we don’t earn as much as men, and some new found interest in reaching out to women because we have become more powerful professionally and financially. I’ve even written some blog postings along these lines, although I have had a long term interest in women and our finances. Those non investment topics are just easier to blast out in sound bites.
I have learned that many women are not in the habit of seeking out, and paying for, information about investing basics. They have never experienced an easy to understand explanation of terms such as stocks, bonds, mutual funds, Individual Retirement Accounts, the power of compound interest, market capitalization, etc. My experience is that most women are curious about these concepts and financial tools, but some figure they are the only ones who don’t know about them. To keep from being embarrassed, they just try to ignore the whole conversation.
So, I have extracted sixteen pages from my book, Financial Freedom Party for Women, A Little Book about Money for Women, Workbook Edition. Ten of these pages concern investing, savings, and much more. They represent the short and fun way I shared investing basics with women who attended Financial Freedom Parties for Women. Most party goers said this part of the party was the most challenging to grasp, but also the most significant. I even had a young woman tell me that she never understood stocks, bonds, and mutual funds until she heard me present this material. As she explained, that was especially frustrating since she had once worked at a fund company.
So click here to link to the extract. Please share it with those around you. Take some time to print out the information and talk about it with your friends. Learning about finances can be fun!
I am going to make this link available for free for a limited time period only.
Until next time.
Debra J. Hadsall