Women: Why You Need Financial Freedom

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When women earn for themselves, they are immediately more in control of their life.

When shit hits the fan, do you have enough money to support yourself? If you lose your job tomorrow, do you have a 6 month emergency fund? If your home caught on fire, do you have insurance and savings to rebuild your devastating living situation? If your husband divorces you, do you have enough money to support yourself? If you found out you had a life-threatening disease, do you have enough money to cover co-pays, assuming you have employer insurance? If you require major surgery that will cost you $2,000 or more of out-of-pocket expenses, do you have enough in your savings account? If you found out you were pregnant tomorrow, can you provide for two? Continue reading

30 Moments in Your 30s from 30 Women

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Turning 30 is just the beginning!

Today is my milestone birthday. Rather than focusing on what I hope to improve in myself during this new chapter and decade of my life, or reflecting on my life up to this point, because let’s face it, that’s so overdone and cliché (and in the past), I’m showcasing  profound and light-hearted aha moments! from 30 women who have touched me somehow. Please see some of their responses below. Share your thoughts and experiences, too.

 I did start business when I was 31 and I’ve been growing it slowly since then. I contracted with companies to run their massage/fitness interests and I got an immediate contract with the Hyatt Regency at Reston Town Center to staff/run the massage services out of the fitness center…..left them for Lansdowne, where I ran the fitness classes and the spa.  Got to meet Michael Jordan one day while my nail tech worked on his manicure…very cool!!!  What was very empowering was the sense of accomplishment and pride that any success from the business came from MY WORK!!    Helped me a lot as mothers are always called to give their work/efforts away to others for free.   Probably wouldn’t have the Pilates studio today if it wasn’t for that start-up.- Carrie, World Renowned Pilates Instructor

Every age has something new to offer. I always loved when my kids were young. Al [husband] had has open heart surgery the year I turned 30. It was a year of growth for me. A year I realized I needed to be closer to people I could count on and a year I realized that the one you count on the most is yourself. – Aunt Lisa, Nurse & Artist

What first comes to mind is relationships, with both friends and boyfriends. Friends: I don’t really need to hang out with people I don’t like. Life is too short to waste time with “friends” you don’t have much in common with anymore. Surround yourself with people you enjoy. Boyfriend: Good dresser, prestigious job, graduated from a “top” school – I’d even add handsome in there. Doesn’t matter. Is he a good person? Honest? Kind? Trustworthy? That’s what’s important. – Jen, Chief Valuation Officer 

One thing I’ve learned in my 30s is to stop apologizing for who I really am. I think earlier in life, girls learn to make friends and forge bonds with others through similarities. It’s what we share in common that connects us. But later in life, after 30, I had to learn that it was okay to be unique, and really honor those differences. For example, it’s okay to admit that you’re an introvert who prefers some quiet nights in. It’s okay if you prefer wearing thrifted jeans over brand new. And it’s okay to love your job and still be a mother–I didn’t have to feel guilt about that truth around stay-at-home mothers. Now at 39, I think the most authentic, helpful thing is to be true to what makes me feel real and whole and fulfilled, rather than trying to fit in, or please other people or try to live up to some expectation I, or others, had for me. –Lisa, Magazine Editor & Novelist

Right before I walked into my CEO’s office I had an aha moment.  I realized that I was already at peace with whatever decision the company came to, whether allowing me to keep my job or telling me to take a hike.  Ultimately I knew that my fiance and I would be just fine regardless of if I had to find a new job or not because we would finally be in the same place again and that was much more important than where I received a paycheck from.  (They ended up letting me telework so another revelation was that I should always believe in my abilities, be confident, know my worth and have faith that others will see the value I bring as well.) Kammie, Director of Wealth Management

I was a young mother, with a 2 year old. Life was super busy. I had just become a US citizen and was very proud of it. I wanted to make a difference in my kid’s life. But I remember how young and naive I was. There was so much to learn yet.  I was out of college for a few years, where you are so accustomed to having your schedule set and your life pretty much directed by your college curriculum,  to being on your own and making the best of what you can afford.  I had also recently moved from Minneapolis to Virginia, two very different states. People were kinder in MN. The pace of this area was overwhelming at times, and sometimes still is. But in summary, 30s is quite young still, full of possibilities. I guess the pivotal insight was the realization that I was now an American and was learning to adapt to life in the USA. Immerse myself in the culture. For a transplant from a foreign country, that is huge – Adriana, Renowned Pilates Master Trainer

Be kind to yourself. Surrounding yourself with smart, intelligent women who will be your champions and provide you support is invaluable. The friendships you make with women in your 30s are some of the most rewarding you will have. – Jen G., Georgetown graduate student

Once you turn 30, in order to lose those extra few pounds, you actually have to eat right AND exercise! – Karin, Investor Relations Specialist

I always thought I would be taken seriously once I turned 30. It definitely helped! – Elizabeth, Anthropologist

In my thirties I went back to school and got an associates degree. I also moved my family to Charlotte – 8 hours away from all I knew. In my thirties, I felt more empowered to go after what I wanted in life –We bought a house and I got a good job in sales –something I had never done before. My thirties were fun-filled, exciting, full of life and seeing my kids grow. In my thirties, I knew anything was possible as long as you have a goal and go for it! – Aunt Cathy, Manager & Full-time Student in Social Work

Who the hell can remember turning thirty, 30 years ago!!!!!   I can’t remember yesterday. – Carol, Office Manager

   Amen!

Get Rich by Living with Less

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Living like a Kardashian is very expensive, (and emotionally taxing). I’m here to tell you that money does make life easier but excess will make you miserable and a slave to your gloom. I dare you to disagree with me.

As women, we are bombarded with expensive products and services through advertisements, peer pressure, and low self-esteem.  When emotional turbulence creeps into our lives, temptations trap us.

We look in the mirror and hate our reflection. We splurge on Chantecaille Nano Gold Energizing Cream, and $400 later, we are still stuck with the same rough skin, but ironically, we are feeling much happier for no particular reason the next day, and we realize how stupid and unjustifiable that purchase truly was. It’s a quick-fix.

We drop $1000 on shoes and new work dresses because we feel frumpy and matronly next to the lithe and polished Bostonian girl who sits in the corner office and sips whole fat lattes all day. Months later, our shiny new wardrobe feels inadequate and gets pushed to the back of the closet, labeled, “Farmer John’s Wife’s outfits,” only to collect lint and negative feelings. It’s a quick-fix.

We chop off our beautiful locks after some jerk dumps us. Free us from this torturous shell we strive so hard to mold into female perfection! Yesterday we wanted to be a conservative Stepford wife, and today, we want to be a rebellious flapper. And tomorrow, who knows what will be in store. It’s a quick-fix.

So you want to be happier in your own skin, make wiser financial decisions and still enjoy an envious lifestyle? You can be both frugal and indulgent. It’s possible. But you have to separate the wheat from the chaff and step outside your emotional boundaries. Finally, divorce quick-fix habits.

Get a freaking grip and you’ll wake up happier tomorrow, (and richer).

Manage your emotions. Managing your emotions is the building-block to achieving positivity and financial happiness. Priority number 1. You might manage your subordinates at the workplace and your family members at home, but if your emotions are not intact and consistent, life is going to be very rocky. You can easily achieve this by carving out time for you. It’s not an option. Make yoga or some form of exercise a priority. It’s just as important as brushing your teeth twice daily. Giving yourself space will allow you to reflect on what’s important and will allow you to make more rational decisions in the long-term. If all else fails, try Tulsi-holy basil.

Spend less, save more. Getting barraged with endless beauty products, expensive fad exercise classes, and trendy clothing, among other services with false promises and illusions, tends to make us unfocused and, consequently, waste money on a product or service that we use only once or twice. Think about your need. In order to solve that need, “I need to do x, y, & z.” If you need a great facial moisturizer but get distracted by the coconut vanilla microdermabrasion scrub, remember the problem and solve the task at hand. If you whisk into Nordstrom’s with the intention of purchasing high quality pumps for your day job, but there’s an awesome anniversary sale on leather boots, exert discipline by focusing on what you need and you will thereby create new habits by sticking to your guns. (I’m talking about your pumps!) Only buy what you need. The caveat? We are human after all! You deserve to indulge every once in a while. Treat yourself to a new dress or microdermabrasion session every third pay cycle. Why every third? Because humans like to do things in 3s!

Eating out and shopping at Whole Foods. I cannot stress this one enough. If you eat out frequently, 3 or more times per week, you will empty your bank account. Same with shopping at Whole Foods. There’s a reason why people joke, “Whole Foods, whole paycheck.” I know you are social and fabulous, but it’s important to learn to cook. Domesticate yourself and impress your new date, husband, and mom in the making. Not only will cooking teach you a new skill but it will also transform your fabulous body into a wonderful and gorgeous person on the inside and outside, so whatever clothes you wear, you’ll look and feel great in, and others will notice your light shining from within. You’ll also grow into your own style and become the healthiest version of yourself. My recommendation? Purchase “whole foods” from Trader Joe’s or Shoppers. Get the most bang for your buck and increase your whittling waistline.

Location versus space. You need to sacrifice one for the other, unless you live in Kansas City. Be realistic about your expenses and create a personal budget in excel. Decide on how much rent you can afford per month and then lower that number by 10%. Always live slightly below your means. If you want a studio or one bedroom apartment in Tribeca, be willing to live in a dump. You can’t have it all but you don’t have to sacrifice your entire savings, either. Peace of mind is way better than living in debt.

Commit to two passions per season. Stained glass art classes. Pilates classes. Aerial yoga classes. Japanese language lessons. Salsa lessons. Cooking classes. Wine tasting events. What’s the commonality? Money, honey. This applies to traveling, too. If you and your bestie are hiking in the Swiss Alps next year, adjust your income by cutting back to a single hobby and setting aside x amount of money for your trip. It’s a give and take. Life’s all about sacrifices.

Declutter your life. Adopt a simplistic lifestyle. Weed out drama and negativity. Donate the clothes you aren’t wearing to a charity or throw them out. Same applies to trinkets and other junk. Detach your emotions from sentimental garbage. Not just stuff but also thoughts and feelings about people in your former life who treated you poorly. Are they still in your present life? Lock ’em up and throw away the key.

Stop comparing yourself to others. There’s no such thing as having it all. The more money you make, the more money you’ll spend. It’s called the theory of relativity. You wanted bigger boobs? The large busted woman wants a flat stomach and a gap between her thighs. You want a boyfriend or husband? Your bestie, and wife, can’t wait for her hubby to go on that business trip so she can slather on coconut oil and roll around in the sheets without him complaining. She’s also thrilled about eating sushi and drinking Pinot Grigio alone that night. A toast to the single life! You get my point. The grass is always greener on the other side. Focus on what you do have and how you can positively impact the lives of others, beginning with your mother. You do you and be yourself (and save money).

 

 

 

 

Saturn Return: Happy 30th To Me!

irislibra300I’m watching Dee in the mirror. Her furrowed brow is in deep concentration as she struggles to comb out the rat’s nest on my head.

“My hair is splitting and tangling into tiny little knots when it’s wet. I can hardly comb it,” I whine just to appease her scowling expression.

Lips pursed and eyes intense, Dee returns my gaze in the mirror. “I agree that it’s overprocessed and I’m going to give you rich chocolate low lights in funky places because the Jennifer Aniston look is outdated and you need modern.” My mouth slightly ajar, I feel a little embarrassed for reintroducing the Friends look. I want to cry out and plea, “you were overbooked! I had no choice but to go to her.”

“This, however,” dangling the wide-toothed comb with a chunk of entangled straw-like strands extruding within centimeters of my nose, “is just shedding.” I imagine a Golden Retriever. But with softer and silkier hair than mine.

“I clean up a ton of hair from my bathroom floor these days,” I assure her. This was not a slight exaggeration either. Some days I’m wiping up tissue wads of the damaged protein two or three times, blasting through rolls of toilet paper.

“Your body could be going through a change. That’s all,” she shrugs.

“Well, I am turning 30 next week,” I laugh. Face alit, Dee looks me square in the eyes.

“That’s it! You are experiencing your Saturn Return.” Huh?

saturn“In astrology, your first Saturn Return takes 29.5 years to complete one full orbit around the sun. For me, I was going through a divorce and still battling a drug addiction at your age,” she explains while slurping her kale juice, as I admire her smooth and spotless complexion, skin better than most 25-year-olds.

You see, Dee, now 42, the ex-junkie and jobless single mom faced her Saturn Return crisis with guts and glory, to become the green juicing queen and yoga addict, not to mention, most popular hair stylist in town. But it’s never easy. And, in this life, we all relapse from time to time. Most of us rise to the occasion and struggle but accept adulthood. (I said most of us). It’s Saturn Return’s ploy.

“With you, I can feel a more confident aura and sense of contentment. In your mid-20s, since I’ve known you, you were kind of flighty and like, whatever,” she mimicks a dizzy blonde cheerleader, “but now you don’t waste your time on shit that isn’t important to you,” Dee smiles, wrapping the last tin foil at the base of my skull.

saturn-returnI tinker with this psychological analysis for just a second. It’s true though. I’ve come to accept where I am in my life, right now, right at this present moment. Does turning 30 mean knocking out the bull shit of excess and people who waste your time or does it mean that you consciously choose, through life experiences up to this present moment, who will sit in your passenger seat and what gets prioritized to the back seats, including your ego, and what stuff you’ll accumulate in the trunk?

“Whoever said get comfortable with being uncomfortable is really stupid,” Dee interjects my deep thoughts.”This mess,” she points to her disheveled shelves of tools spilling out of wicker baskets and capless hair products haphazardly strewn in nooks and crannies, “is getting a makeover. I just ordered a new cart from Amazon for all my hair supplies.This professional organizer I do yoga with is going to sort all my junk. She’s amazing at decluttering.” She motions for me to move under the dryer.

Get comfortable with being uncomfortable. How about that for a second Saturn Return?