Posted by Mary Caraccioli | Filed under Uncategorized
Tracey Jackson has written about the second most awkward phase in a woman’s life with spit out your coffee humor and practical sisterly advice. I love it! I am also proud to have helped her with her chapter on money. I don’t want any of us running out of that before our time is up.
Check out Tracey’s site: http://traceyjacksononline.com/
Here is one of my tips for women of cougar age who have taken care of their claws but not their cash!
Quit waiting for the lottery, a miracle or God forbid, Prince Charming. They aren’t coming. For all our gender’s accomplishments during the Boomer Era, it puzzles me that smart, educated, accomplished women are still waiting on someone else to make their financial dreams come true. Wake up smell the double espresso and get to work. There is no magic to money. It takes the same elbow grease that goes into planning a great vacation, fabulous party or stunning renovation. If you’ve done one of those three, then you can lead the money aspect of your own life. Once you take ownership of your financial future and give up on the lottery dream, you can actually build wealth or at least stop the bleeding of your cash for trivial things that don’t give you what you really want.
How do you make that happen?
1) Do a little work on yourself. Understand your emotional attachments to money. What does money represent to you, status, safety, greed? Who helped shape that belief, parents, an ex, your favorite aunt? Who’s money lifestyle do you most identify with now- who do you think is doing it right? Once you know your emotional ties with money and your financial role models you can more easily spot your triggers. This self-awareness has to be factored in when you build a money plan for your life. Knowing yourself means you can create a realistic plan that honors where you are now and where you want to be in 10 or 15 years. If you do this, you are now ready to create a plan of what you really want in the years ahead. Make sure you write it down.
more to come…