She says: “Women in the UK are paid 90p to every £1 for a man, and we are likely to take on caring roles and invest less. Bellet quit her job in 2016 after the stark realisation that she didn’t have her own finances in order and couldn’t find anyone to help her do so. Author of You’re Not Broke You’re Pre-Rich, she is also launching a finance festival this September called Money Matters at the Ned in London. One woman putting money-making choices firmly in women’s hands is Emilie Bellet who is the chief executive of, an online community that helps women of all ages achieve financial independence.īellet runs courses such as her six-week Money Bootcamp, which helps women get their finances in shape, and has a female finance podcast called The Wallet (170,000 downloads and counting). They speak our language, too, because, as Damianou says: “There is more jargon in the finance industry than any other.” Whether you are newly divorced, planning for retirement or feel the need to educate your daughter or granddaughter, there are a wealth of female experts now offering advice at our fingertips. From the rise of female financial bloggers, or “Fin-fluencers”, to money podcasts and female-led wealth management businesses, more women are encouraging us to be financially fit. Thankfully, the female financial paradigm is really beginning to shift. Yet for so many people the subject of money is taboo.” Shifting paradigms As Holli Rubin, head of multi-disciplinary therapies at mental health clinic The Soke, in London, says: “The impact finances have on mental health is major and is a main stressor in marital relationships. “Your financial health impacts everything”, says Damianou, “we look at our mental, physical and spiritual health – but the missing pillar is often our financial health.” Financial wellbeing is about facing our finances, prioritising them, getting a handle on them and planning for the future. The biggest buzz phrase in women’s health right now is “financial wellbeing”. In short, while earning less than men, women also save a fraction of what men do, leaving us vulnerable and much poorer than them in old age. The entire finance industry is dominated by men, and, while we hear a lot about the gender pay gap, Damianou explains, the bigger problem is the wealth gap. We have internalised the message that it’s too complicated and we aren’t good at it.” Sophia Damianou, a managing director of private equity firm Northleaf Capital Partners as well as a private investor in female-led finance companies, says: “For so many generations, women weren’t in control of their finances. But who can blame us? Until recently, the entire finance industry has been geared towards men. We have been working hard to level the gender equality playing field at work, in sport and in the media, but all of this is undermined if we aren’t managing our finances properly. Don’t get me started on doing my tax return – while I know HMRC isn’t going to sugar-coat it, why does it feel like an alien is writing to me from Mars in a code language that no one else speaks? And why does my husband somehow just get it? So now, if you show me a spreadsheet, I’ll show you a woman on the verge of a panic attack. Perhaps my loathing of numbers goes way back to my aversion to algebra in maths classes. However, if truth be told, I’ve never felt I have a proper handle on my finances. I have earned my own money since I was 18, have worked hard to build a career and I pay my way on most things at home. For us, financial independence is more than a matter of strength it's a matter of necessity.I like to consider myself an independent woman. However, for women it's even more important. I believe that by taking control of their finances, everyone can be not only individually strong, but also strong partners and strong members of their communities. And to me, one of the most effective means of doing that is through financial independence. I like the fact that these themes encourage women to be active and strong, and to use their talents to provide greater opportunities for everyone. Both urge women to engage and work for a more equitable world, whether in politics, business, or personal relations. Second, Tuesday, March 8th is designated International Women's Day. Why March? Two reasons.įirst, the entire month is declared Women's History Month, this year honoring women who have fought and still fight for voter rights. Environmental, Social and Governance (ESG) InvestingĪs you may know, I'm a big champion of financial independence, and the month of March gives me a special opportunity to talk about the importance of women taking control of their finances. Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.
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