More Money for Midlife Women – A Taste of Things to Come

The Butterfly Club is highlighting Money issues for Midlife Women during May and June.

We have interviews lined up with Experts who have particular skills in guiding women through many issues that hold women back in the area of money information and control.
As part of this, I am working on a handbook for Money Management geared to the needs of Midlife Women. I thought you would like to see an outline what of will be in it.

Outline for More Money for Midlife Women booklet
Introduction– Why was the booklet written?
All women, but particularly midlife women, are discriminated and disadvantaged by governments and deceived and robbed by the financial services industry.

When women wake up to this situation, they need to take control of their personal finances to achieve some financial independence and avoid poverty in their old age.

In this introductory booklet, we introduce the principles of money management and some of the practices to adopt to get them to work in your favour.

1. Know what happens to your money
So many women complain they are short of money, but do they really know what happens to the money that passes through their hands already.  Until they can track where their money goes they can never control it.

2. Bringing in more money
Most people start work in some sort of job. Usually the amount of money that brings to you is very predictable and fixed because you are selling your time for money. Your available time is limited and therefore so is the money you can earn. Getting money to come to you in ways that are different based on value rather than time is the best way to build your income.

3. Keeping some money back for you
The word Saving is much abused these days. Nearly every retail offer uses the word ‘Save’ but all it means is spend less on this so you can spend the difference on that.  True saving only happens when you take some money out of your spending system, so you spend less in total and use the money ’saved’ for something else. Not a pleasing prospect so there has to be a very good reason to do so.

4. Making Money Work for You
Being wealthy does not need to mean being rich but having enough for your needs. The truly wealthy have accumulated enough unspent income to start having money work for them. The most common term for this is ‘Investing’ However, you must have saved some money in the first place to start investing.

There are many dangers here as there are many institutions who offer to take care of this investing for you, including governments, and they rarely treat you fairly.    But if you learn how, you can do it for yourself and become wealthy.

What happens now?

If you want to use these principles to become financially independent, the first step is to change your thinking and beliefs about money and then change your money management habits.  The best way to do this is to learn from those who have become wealthy by reading and listening to them.

Next week you will be invited to register for the ‘More Money for Midlife Women’ programme to get my e-booklet so that you can make a start at becoming wealthy.

Love Jean