Somehow it became gendered ‘masculine’ to talk about, know about, and care about money. As a result, many women started not only internalising the belief that they were ‘bad with money’, but ‘money talk’ began to carry an ‘ick’ factor unbecoming of a ‘lady’. Ugh. The fact is though, people are profiting off promulgating that ‘ick’ factor.
The reality is also that most women are great with money and have lots of confidence especially when it comes to everyday budgeting. We want to help unlock that financial prowess in other areas of our lives, from superannuation to investing.
Many new Verve members are finding that, after making the switch, they’ve been feeling a lot more confident to talk about money with the people in their lives (mainly because they’re proud to have joined a fund that aligns with their values!). How cool is that?
So, help a sister out by sharing your financial tips and tricks, investment opportunities or tax hacks like we know men do. More wealthy women is a win for all of us.
After a quick scan down the Financial Review’s Rich List, you’d be forgiven for thinking that women aren’t wealthy*. And that may be true, if you measure ‘wealth’ one way: net worth dollar figures. At Verve we are passionate about supporting women to define what wealth* means to them, and that’s how we want to judge how wealthy women are.
Have you ever stopped to think about what is valuable to you and what you want more of in your life? Is it spending time with your family? Is it that hobby that you love? Is it pouring more time into your business so that you don’t have to do a 60 hour work week?
We need to start thinking about the life we want and then making decisions about how we manage our money to get there. As our CEO Christina says, “it becomes a lot easier to make financial decisions every day if we know what we’re making them for — if we can see the big picture of what we want to achieve and how we want to live.”
If you want to work on your money mindset, sign up to our free for members course in the Verve Academy.
All three panellists agreed that the best advice for women who want to take better control of their finances is: start somewhere. Anywhere. Wherever you are, with whatever time and money and knowledge you have right at this moment. And build on that. There’s risk in taking too long and not getting started. Do your research, if you’re a Verve member hop into the Verve Academy and do our learning module on money management, or learn how to start investing.
By 2025, it is estimated that Australian women will hold $1.5 trillion in superannuation. We have more power than we realise to create the world we want. In fact how you spend and invest your money is one of the biggest ethical, values-based decisions you’ll ever make in your life. Make it count.
There are peaks and troughs in every part of life and your finances are no exception. It’s all part of the learning journey, and one that we are ready to be on with you every step of the way. So ‘do a Dolly’: tumble outta bed and pour yourself a cup of ambition!