Unleash Your Financial Potential: Empower Yourself Like a Boss!
- by Dani Parthum
- Time to Read: 3 Mins
Investment Adviser's Suggestion: Prioritize your finances as you do your wellbeing! - Manage your finances with the same care you give to your health!
Everywhere I look, I see it: strong, self-assured women tackling life head-on yet hesitant to delve into crucial financial matters such as retirement planning or sharing financial responsibilities in relationships. It's not laziness or lack of interest, but rather a belief that money isn't all that important. They'll deal with it later, or it's too complicated, or they think: It's not my thing.
About the Author
Dani Parthum, the brain behind "Geldfrau – Frauen kann Finanzen," is a trained economist, finance coach, finance blogger, and author. Her objective? Empowering women to overcome their financial fears and develop strategies to manage money independently and build wealth. She frequently contributes a column for Capital magazine.
Divorce can be a harsh wake-up call—a financial hangover, if you will. Or job loss, the death of a partner, the approach of retirement, a life-altering crisis. The triggers vary. But the underlying thought process remains the same.
Let's face it: Are you currently juggling your career, family, volunteer work, and raising the next generation of trailblazers? You might feel like you're running a marathon on a tightrope. Now they want you to deal with money too? Yes. Because money shouldn't be a burden. It's a tool to shape your life, your way. Who treats their finances as an afterthought and lets others take control is not self-reliant, but dependent on partners, family, financial advisors, or luck, and essentially gives up control over their own life.
The book "At the Mother's Expense" vividly portrays the consequences of this: The majority of women in Germany are financially dependent on others.
Money isn't a chore; it's self-love
Managing your finances isn't simply adding one more item to your overflowing to-do list. It's self-care, self-respect, and a necessity. When I ask women what they aspire to in life, how they aim to achieve it, and what role money plays in shaping their future—their own future and that of their children—I'm still met with far too few women recognizing that money serves as a tool to shape their lives. They either relinquish control or stop fighting to retain it.
Delegate life-changing financial decisions to others, such as retirement planning, personal insurance, wealth accumulation, division of household duties and income, choosing part-time work after having a child, or entering into marriage without a prenuptial agreement, and you relinquish a portion of your freedom and personal independence. Is that what you truly want? It's your life!
Money means choice and control
If you have control over your finances, you can say no—when necessary. You can go if you need to. Or stay, because it's your choice. You can take breaks, fulfill dreams, help others, without relying on anyone else. Trust me as a coach: Nothing changes lives more dramatically for women than understanding and leveraging their financial knowledge: I have the ability to provide for myself, I control my life.
It's not selfish, greedy, or unladylike to take care of your finances. It's vital for women—as a form of self-care and self-respect. I'm repeating this intentionally. If someone tells you differently, they want to keep you small and dependent.
Of course, we all have only 24 hours in a day. Drop tasks that weigh you down—shrinking yourself, seeking others' approval, playing the super-helpful role. Never abandon your financial responsibility, though. Treat it like your health, your best friend. Allow yourself to. You'll be amazed at the transformation in your life. Suddenly, you'll be talking confidently about financial matters, understanding, asking questions, making informed decisions. No more holding back, no more guilt, no more self-doubt. Start before it's too late!
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- Finances
- Empowerment
- Investments
- Women
- Wealth Building
- Dani Parthum, in her book "Geldfrau – Frauen kann Finanzen", emphasizes the importance of financial literacy for women, advocating for strategies to manage money independently and build wealth, especially in light of common financial challenges such as retirement planning, shared financial responsibilities, and life-altering crises.
- According to Dani Parthum, financial management is not merely an additional task but a form of self-care and self-respect. Control over finances allows women to make informed choices, fulfill dreams, and help others without relying on anyone else.
- In her work, Dani Parthum frequently touches upon various financial topics including personal finance, wealth-building, and investments. She also contributes a column for Capital magazine, discussing issues related to women's financial empowerment and the role of money in shaping one's life.
