Jayne Ellegard, MBA, CFP® (Retired)
Can you imagine the many possibilities that could open up once you discovered your financial brilliance?
Here are possibilities that opened up for three women once they discovered their financial brilliance.
- Reduced financial stress
- Increased clarity around their financial future
- A renewed sense of belief in themselves
Wouldn’t it be great if all women had this experience? Take a moment to pause and ask yourself the following question:
What could change or be different if I took the time to gain financial confidence?
Identify Outside Influences
Women may have received a double whammy when it comes to this particular topic.
Maybe there were external forces that caused you to not take an interest in learning about money. For example, if you have a brother or brothers, it’s likely your dad, grandfather or other male role models may have spent time talking to them about money and investing. And you, being the female, were left out of that conversation. That may have led you to believe that money and investing were something you shouldn’t be concerned about.
Then, over time, it became internal and you started telling yourself you weren’t good at math or numbers. One of my clients, Barbara, decided in her senior year in high school that she wasn’t smart enough to take the accelerated math class. She had aced the class the previous year. She continued to tell herself that story her entire adult life.
I’ve had other women tell me they know a lot about managing their money. Yet they have a significant amount of money sitting in a savings account that loses purchasing power every day. That’s because they don’t want to take any risks.
My friend Marcelle shared that she thought she knew something about her financial situation. But after reading my book, she realized that she had a lot more to learn. I admired her honesty. Even though I’ve been immersed in this world for many years — decades really — I will be the first to admit I still have much to learn.
Discovering your financial brilliance is like any other part of your life. You have to be open to learning. Be curious about what you don’t know. Ask for help so you can get to where you want to go as quickly and efficiently as possible. More critical, prioritize this as important and urgent. Because it is.
I’m on a similar journey to learn more about meditation and mindfulness. It’s not an area where I’ve spent much time, but I keep hearing about the amazing results of developing a strong practice. I’m surrounded by women who know so much more than I do about this topic. I hear about chakras, crystals, tapping and so many other things I don’t understand. I try to absorb their wisdom. I love their passion. It’s foreign yet fascinating. I’m slowly gaining my rhythm. I feel awkward and embarrassed at times. I am out of my comfort zone. But I’m trying. I’m making the effort.
Make a Commitment
I know it can be uncomfortable, especially if you never had an interest in money or investments or had no one to help you understand the complexities. But making the effort to learn about money and investing can make a significant difference in your life.
It can give you flexibility, choices, and freedom. And that means you can make a bigger impact on yourself and your family.
So give yourself the gift that will last a lifetime. Discover your financial brilliance!