Today everyone has access to financial information and knowledge and with access comes the responsibility to ourselves, our families, our children and our female cohorts to take charge of our individual financial identities.
Personal financial identity and independence allows women to enter any relationship (personal or or professional) on an equal basis. When the foundation of a relationship is based on equality it is healthier and facilitates open communication and the potential for personal growth.
A strong financial identity helps to ensure women of a better financial future at retirement, rather than living in poverty in old age. Understanding investment strategies and estate planning is vital to financial security for women, as is being involved in all aspects of a relationship’s finances. The ability to manage her own money provides the motivation for women to save and invest for retirement and to understand their own and their family’s financial circumstances.
WE CAN DO IT! A simple beginning step is to start talking about money management and investing issues with colleagues (male or female) or start a financial book club or an investment group as a way to get the conversation going. Financial independence and success requires hard work, but the positive impact on self-worth and self-confidence can be life changing.
I challenge all Financial Social Work graduates to share something you have learned from this certification course with one person a week for a month and see how it helps you with your personal finances and those with whom you share it with their personal finances!