Let's Be Honest, Financial Education Sucks
Financial literacy to help increase net worth.
Create your own financial system to build wealth and a legacy you can be proud of.
Financial Education Today
Financial literacy is the ability to use knowledge and skills to manage one's financial resources effectively for both short-term needs and long-term goals.
The present financial system is designed so that people are encouraged to spend more than they earn. The education system does not teach people about the importance of saving money, investing, and building net worth.
Why is this important to me, an estate planning attorney? Because it is important to my clients and future clients. Here’s the thing, I listen to women speak every day about the worries they have for the future. It saddens me.
They are concerned about whether they will have enough money to live a comfortable life after they have spent years, if not decades, taking care of their family’s needs.
They are concerned about how to create more income for themselves without taking time away from other obligations, like family.
They are concerned about not having the opportunity to fulfill their dreams.
The financial education system is broken because it does not teach wealth building. Wealth strategy. Wealth legacy.
What I’ve learned is that once a woman finds her unique brilliance (zone of genius), that brilliance can be honed to create wealth.
The best way to grow your zone of genius is by increasing your financial education.
Financial independence is one of the most important aspects of a woman's life. It gives her the freedom to make decisions for herself and also for her family.
Financial education and literacy are crucial to building wealth and achieving financial independence. Women need to be aware of the importance of saving, investing and managing money to have a secure future.
Financial literacy is an important skill for everyone to have. It helps people become more financially independent, which is vital for women to achieve their goals.
When women are educated about the importance of saving, budgeting, and investing, they can build their net worth.
The financial independence of women is often a goal that is not met because they don't know how to build their net worth. Women need to be educated about financial literacy for them to be able to build their net worth. There are many different ways that women can increase their net worth, such as by saving money or investing in stocks or bonds.
Focus On Financial Independence
I believe the key to female financial independence is building net worth. Think about it. Take a look at your net worth statement. Assets -Liabilities = Net Worth. If we want to grow our net worth. We have to grow our assets. What bad could come from that? Nothing.
Women are often the ones who are in charge of the finances and who take care of the household. When we think about our future, it is important to consider how we can provide for ourselves if something happens.
Women must plan their financial futures to ensure they can live comfortably and independently. They should know how much money they need as well as how much money they want. They should also know what kind of lifestyle they want or can afford and what kind of investments would be best for them.
You need a buffer
The main reason why building net worth is the key to female independence is that it can be used as a buffer against economic insecurity.
Being able to create wealth will give women more freedom and independence in their lives, which will allow them to make decisions without having to worry about the financial implications that may come with it.
With this in mind, we should all work towards building our net worth and becoming financially independent. The first step to becoming financially independent is to write out a vision plan. Your net worth vision plan is your unique guiding light and will keep you focused on what matters most.
Your Net Worth Vision Plan
The amount of wealth you have today is the result of your past decisions. That bears repeating.
The amount of wealth you have today is the result of your past decisions.
This statement is true to a certain extent because it’s true that the decisions you make today will shape your future. But let’s take a look at what it really means.
What does this statement mean? It means that if you want to build wealth, you need to start making smart financial decisions now and in the future. This is because these decisions will lead to your net worth, determining how much money you’ll have in the future.
Financial education is a crucial life skill, especially for women. Women are more likely to be single heads of households, and they are more likely to live in poverty than men. These factors make it even more important that women learn how to build net worth.
Financial education for women is crucial in the modern world. Women are underrepresented in the workforce, earn less money than men, and are more likely to live in poverty. This is not a coincidence - it's because women lack financial education.
The system is broken. It is time to do things differently.
new vs old way to grow net worth
Set the stage
Imagine a world where women were not underrepresented in the workforce, earned equal pay as men, and lived an abundant life because they gained the financial education to be proud and confident in their decisions.
That time has come for a new financial system. There are no more excuses. Now we know better. We can do better.
Become more confident about your current financial situation or move into a new you with my Intentional Wealth Project Journal. The 45 pages in the Intentional Wealth Project Journal are a great way to track what you want to happen and reflect on your values. When you sign up for my newsletter, I’ll send you the PDF download and future short emails with small exercises, tips & strategies, and happenings.
If you're ready to tap into your wealth potential, contact me!
Moulden Law Blog is made available by the lawyer for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site, you understand that there is no attorney-client relationship between you and Moulden Law. Moulden Law should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
