A PLACE TO LEARN THE BASICS OF FINANCIAL MANAGEMENT – BY WOMEN FOR WOMEN

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Gender Lens Investing, Part II

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Let’s continue together on our journey to learn about this option of gender lens investing.

Investing through a lens is not a new concept. I first experienced it as a financial advisor when socially responsible investing became more popular. Some people are more driven by their social conscience than by the overall rate of return on an investment.  For them, using a “lens” or screening process of the companies in which they invest became the solution.

I see gender lens investing as an extension of socially responsible investing. So it helps to first understand the more established investment option called socially responsible investing.

A socially responsible investment is the result of screening publicly traded businesses based on certain criteria which seek both financial gain and social good or benefit.

Companies are evaluated and selected based on certain criteria. Some of the common criteria evaluated through the lens are:

  •  Support of sustainability of the environment through corporate policies and actions.
  •  Corporate commitment to workforce diversity in training and promotion   opportunities as well as to fair workplace practices.
  • Companies which avoid certain industries, such as those involved in weapons, alcohol, tobacco, pornography, and gambling.

I am writing a post for a blog. The intent is to keep it short and stick with the basics. If socially responsible investing interests you, please learn more through your financial advisor or by simply googling it on the web. There are now many companies offering socially responsible investing. Among them is a company called Pax World Funds. They are part of the story of gender lens investing and a partnership with an organization called Ellevate.  More next time!

Debra Hadsall

http://www.ffptalk.com

(This information is designed to educate you about basic financial management concepts. Questions relevant to personal finances specific to the individual should be address to an appropriate professional to ensure that the situation has been evaluated carefully and appropriately. The Authors and Publisher specifically disclaim any liability loss, or risk which is incurred as a consequence directly or indirectly from the use and application of any contents of this work.)

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Gender Lens Investing

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Have you heard about gender lens investing?  I must admit that it is something I am just learning about.  So, let’s learn together.

To me, the two words gender lens create a vision of looking through the lens and seeing  the world through  adjustments. The lens is a filter which symbolically contains all our personal prejudices and experiences along with those we have acquired as the result of the norms and rules of society.

I googled the term “gender lens “to see what the experts say.  Interestingly enough, there were not pages and pages of quick definitions, most were quite clinical.  So I am going with the one from Wikipedia which is simple and concisely states what the long detailed articles and papers take paragraphs to explain.  It says:

What is a Gender Lens?

Think of a gender lens as putting on spectacles. Out of one lens of the spectacles, you see the participation, needs and realities of women. Out of the other lens, you see the participation, needs and realities of men. Your sight or vision is the combination of what each eye sees.

Gender is about relationships between men and women. Gender equality is about equal valuing of women and men – of their similarities and their differences. We need equal, respectful partnerships between men and women to have happy, healthy families and communities in the same way that we need both eyes to see best.

You can read more by clicking here.

This gives us a foundation to beginning to understand the concept of a gender lens, now to see how that term applies in the investment world and what it means to women.  More next time.

Until then.

Debra Hadsall

http://www.ffptalk.com

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My Monkey Mind- Women in Commerce, Marijuana and Shades of Nancy Botwin

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My monkey mind postings relate to Buddha’s description of the human mind as being filled with drunken monkeys, jumping around, screeching, chattering, and carrying on endlessly. These postings come from my monkey mind.

Yesterday my Monkey Mind connected Nancy Botwin (a fictional character), ways to improve financial lives by making more money, and women in commerce in the legal pot industry in Colorado.  I am not posting about whether or not legalized marijuana is appropriate, only about where my Monkey Mind took me recently.

Colorado has legalized the growing and sale of recreational marijuana, with limitations.  I lived in Colorado for most of my adult life and have family and friends there.  Recently I was staying with my  adult son and he opened the freezer, took out a small bag of marijuana, and asked if I wanted some.  Then we laughed.  Pot has never been my deal or his. The bag has been there for six months.  The humorous part was he was having this conversation with his mother and all of a sudden that which was forbidden and usually hidden, was now OK (limited amounts of course) and out for all to see.

He and I have our mother and son bonding over cable TV shows like Sons of Anarchy, Breaking Bad, Nip Tuck, and my all-time favorite, Weeds.  If you don’t know, Weeds is the  fictional story of Nancy Botwin, a widow with two children and a big need for big income.  She is not a perfect person and her decision to deal weed is one of love, violence,  greed, corruption, survival, decisions, sex, and commerce.  It is also the story of a woman in an industry run by men and a mother’s concern for providing for her children.  Quite an interesting combination.

The last episodes show how over time she made the jump from being a criminal dealing drugs to a woman of commerce with a chain of very successful stores selling pot edibles.  How did this happen?  The story line put her in a world where weed had been legalized.  I loved the ending since it showed Nancy as the owner of a very large, very legal, and  very legitimate business.  My son didn’t share my enthusiasm.  I suspect he was looking for the crazy violence prone Nancy to rise again.  Instead it was a story of  closure and commerce .

This week I did a posting titled Three Ways to Improve Your Financial Life.  One of these ways to make more.  I am always fascinated by how we as women find ways to make more for ourselves and our families.  So, when CBS This Morning did a segment on women in Colorado who are in the  legalized marijuana industry, are making money, reaching out to each other, and getting a piece of the action, I thought of Nancy Botwin and the idea of making more money.

In the  CBS video, a woman is shown in a commercial  kitchen  preparing pot goodies.  She is not a Food Network star or a well-known chef, the way most women in kitchens come to us via our television.  I doubt that she is highly paid or wealthy…yet.  She is a woman doing commerce in the legalized pot industry in Colorado. I thought, finally a way for women who can cook and/or grow things and also run a business to make a real living. This is big business and one where women are already finding a way to connect with other women to define the industry and benefit financially from their efforts. The segment can be viewed at http://www.cbsnews.com/news/making-the-marijuana-business-women-friendly

I remember that after I viewed the final season of Weeds, I mentioned to my husband that maybe I should get into the pot business some day when it is legalized more widely.  He laughed and reminded me that most plants I care for die and that although I make amazing cookies, my long-term ability to whip up delicious pot treats doesn’t exist.  So I will just watch from the sideline as those pioneering Colorado women lead the way.

Until next time.

Debra Hadsall

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Great Way to Teach Children about Income and Expenses

Moms are the best and I love it when they teach life skills in a fun way.  Check out how one mom is teaching children about money while making it a fun project.

Just click here to learn more.

 

Debra Hadsall

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To order my book, please click here.

http://www.ffptalk.com

http://www.financialfreedomparty.com

 

Investing, a Fun Perspective

Legend

Nice thought and great way to teach us about money management in an engaging manner.  Thanks Legend Group!

Debra Hadsall

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To order my book, please click here.

Women Should Plan to Live to 100-Really??

100BirthdayCake_250I read any and all writings about women and money that come my way.  This one makes us think!  Just click here to learn more about the possibility of living to age 100 and how to plan for it.

Enjoy!

Debra Hadsall

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To order my book Financial Freedom Party for Women, A Little Book about Money for Women, Workbook Edition, please click here.

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A Refresher about Taking Money from Your Roth IRA

roth

The Roth Individual Retirement Account (IRA) became available in 1998.  It was named after its legislative sponsor,  William V. Roth Jr., a Republican senator from Delaware.  The Roth IRA was part of the Tax Relief Act of 1997.  Sometimes we let the words for investment terms roll off our tongues without really knowing what they mean.  This one is easy, it was named after someone who saw a need for an investment which had the potential of remaining tax-free during both the accumulation (adding to it) or distribution (taking money from it) phases.  Of course there are rules to make that happen.  As the saying goes, there is no free ride.

First, the money contributed to a Roth IRA is called after tax money, meaning the investor already paid taxes on it.  Second the money needs to conform to a few rules to avoid paying taxes.    I like the simple way an investment firm, Invesco, has explained it.  Please just click here to learn more.

Whether we like it or not, investors often start with the long-range plan of investing money and leaving it there until age 59 1/2 and later and then life catches up with them.  A recession hits, a job is lost, a major medical expense is incurred, a business fails, or some other major financial need comes along.   Sometimes the investor is looking over all of her or his investment accounts to figure out how to best manage a short-term situation by accessing retirement accounts.  Yes it could and has happened to investors, maybe even to you.

The information in the link is very useful as you work with your financial professional to sort things out.  It is best to make an informed decision and be aware of the consequences so you can plan on them.

Until Next Time

Debra Hadsall

Please remember, this is a short overview and questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been evaluated carefully and appropriately.

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