Let’s Talk Money: Empowering Women Through Financial Literacy

Oct 18, 2023 | BDE, Financial Wellbeing

Hey there, rockstars! Can we take a moment to celebrate the fact that women are smashing through glass ceilings and owning their financial destinies? It’s high time every lady out there gets the lowdown on financial literacy. As someone who’s been around the finance block, dabbled in entrepreneurship, and even sported the CEO hat, I can tell you firsthand – understanding money matters is the ticket to confidence and independence. In this chat, we’re diving into the world of financial literacy, sharing some practical steps, and throwing in stories of real-life wonder women who turned their financial knowledge into gold mines.

The Magic of Financial Literacy

Alright, let’s get one thing straight – financial literacy is no longer a ‘nice to have,’ it’s a ‘must-have.’ It’s the solid ground we stand on when we build our financial futures. Budgeting, investing, and handling debt isn’t just about numbers, it’s about making choices that shape our lives in awesome ways. When a gal knows how to handle her finances, she’s got the keys to chasing dreams – be it starting a business, investing in education, or just living the comfy, secure life she deserves.

Stepping Stones to Financial Know-How

1. Budgeting Bliss: Think of it as getting cozy with your cash flow. Track your income and expenses like a pro. Whether you’re a spreadsheet ninja or prefer the latest budgeting apps, they’re your new BFFs. Set aside a chunk of your income for savings and investments and stick to it like glue. Remember, budgeting isn’t about playing Scrooge, it’s about steering your money where it truly matters.

2. Investment Adventures: The investment world might seem like a jungle, but trust me, it’s a playground for growth once you’ve got the basics down. Start with the ABCs – stocks, bonds, and mutual funds. Spread your bets to reduce risks, and don’t hesitate to call in the experts when needed.

3. Debt Drama Queen: Debt doesn’t need to be a drama-filled story. Understand the good (like education or a mortgage) from the bad (those high-interest credit cards). Knock out those high-interest debts first, and consider options like consolidation or refinancing.

4. Lifelong Learning Fiesta: The financial world’s always changing, so staying in the loop is the name of the game. Read up, follow some cool financial blogs, and hit up workshops or webinars. Groups like Women in Finance or local financial literacy crews are goldmines of resources and networking opportunities.

The Real-Life A-Listers of Financial Savvy

Let’s talk about Muriel Siebert, the OG of financial badassery! This American businesswoman went where no woman had gone before, snagging a seat on the New York Stock Exchange. Her journey was like a rollercoaster, packed with challenges from deep-seated gender biases to outright industry resistance. But guess what? She charged ahead, fearless in the face of towering walls.

Before Muriel made history on the NYSE, she started her own brokerage firm, Muriel Siebert & Co., back in 1967. Talk about gutsy! This move showcased her entrepreneurial spirit and unshakable belief in financial freedom. And let’s not forget her passion for financial education. Muriel spent her time mentoring and spearheading projects to help women kick butt in finance.

Muriel Siebert’s legacy is a testament to the unstoppable spirit of women in finance. Her story is a guiding light for all you awesome ladies out there, proving that with determination, smarts, and some good old-fashioned grit, even the tallest hurdles can be cleared. It’s not just about personal victories, Muriel blazed a trail for generations of women, underlining the pivotal role of financial literacy in grabbing hold of true freedom and success in finance. Through thick and thin, Muriel’s determination never wavered, proving that with resilience and a sharp financial mind, even the wildest dreams are within reach.

In a nutshell

The stories of powerhouses like Muriel Siebert shout out loud about the magic of financial literacy. This trailblazer from back in the 1900s showed us that with a solid understanding of financial smarts and some strategic thinking, women can bust through walls and achieve incredible success. Master budgeting, investing, debt management, and staying in the know – that’s how you grab your financial destiny by the horns. Let’s take a cue from these awe-inspiring women and let our financial knowledge be the wind beneath our wings as we soar toward our dreams!

Please feel free to reach out to us via our contact formTwitter or Facebook. Should you need help in the aspect of financial growth, please visit my company’s website, LexION Capital.

Elle Kaplan is the founder and CEO of LexION Capital, a fiduciary wealth management firm in New York City serving everyone who feels left out by traditional “Wall Street”, including women and the families they love.

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