I read a great article recently all about the way society sees women and money. Martha Conlon wrote about a search she did for stock photos of women with money and the results were appalling.
“My search for “women and money” photos produced about 211,000 results. Unfortunately, I needed to scroll through three pages — each page containing about 100 photos — before I found anything worth considering.”
What she was seeing were images of women either afraid of money or unable to manage it. When she searched for images of men and money, the results were very different. The images showed men attracting money and being in control of it.
What do these sorts of images do to women and their financial confidence? All those media messages telling our subconscious that we’re not capable of managing money!
We already battle with the concept of spending, especially on ourselves. A lot of women will tell you they feel guilty when they buy something they need. “It could be used for something better.” “One of the kids might need something…” “I’m not worthy..”
The big thing is fear of running out of money, too. If we spend now, we might run out of money before next payday. We’ve learnt to see money as a limited commodity, and we hold onto it, so it doesn’t get away.
Don’t let fear hold you back.
Does any of that sound familiar? Has it stopped you from taking your first step towards financial security?
While you might not realise it, your feelings of ‘not being good enough’ and ‘I might not manage it properly’ are likely to be driven from a past event or trauma. It may have made you lose trust in yourself and your judgement. Or made you feel unworthy of any investment in yourself, financial or otherwise.
If you grew up in a home where your parents constantly argued about money, you might have developed a scarcity mindset, where you believe you’ll never have enough. You’re afraid to spend because you feel you’ll never get it back again.
I completely understand how you feel. I’ve felt that way, too. It tied me in knots, and I was afraid to do anything at all in case I made a mistake.
What it all boils down to is a basic fear that we won’t survive if we do something different.
You can’t change your story without doing something you’ve been afraid to do. Without doing something different, you’ll be stuck living with the same limiting beliefs forever. Nothing happens without action.
Instead of focusing on what could go wrong, start looking at what could go right. Let’s start changing your focus right now, step by step.
It’s time you made peace with money.
Set your money free. Have you heard the old saying that you’ve got to spend money to make money? If you think about it, it’s not really talking about buying things. It’s talking about our attitude to money – about not keeping it tied up where it can’t do you any good.
Keeping your money locked up might make you feel good for a while but it’s not making you any more financially secure. You need to set money free so it can work for you and generate more. Think of it like this: if you don’t let your kids out of the house, you’re never going to have grandchildren. It’s the same with money.
Stop being afraid of money. We fear what we don’t understand. We don’t learn about money or investing at school, so most people have no idea how to make it work for them. When they try to read about it, the information can be confusing. That’s why so many people put off planning for their retirement until it’s too late.
Money works for you if you let it.
Despite your fears and despite what the media might tell you, we women are excellent financial managers. Most of us manage the household budget and many manage accounts and huge contracts at work. We know what we’re doing.
Money will work for you. It’s a tool and, just like your car, you can make it take you where you want to go. It is possible for you to make your real estate investment confidently knowing it will give you enough income to cover all your living expenses.
Imagine being able to retire soon and live comfortably on your investment income?
Let go of your fear and give yourself permission to loosen the reins on your money. You’re not “letting it go,”; you’re “allowing it to grow.” Swap the worry and negative thoughts for something more constructive. Let it go out and breed.
Where do you start?
If you want your money to work for you, don’t just leave it in the bank. Yes, your money will grow, but slowly. It’s not working for you. Investing your money will bring you a much better return and deliver a better quality of life in retirement.
Investment? Has your fear kicked in again? Relax. Investment does not have to be high risk.
We women prefer to invest in property, which makes sense. You can see what you’re getting for your money, unlike shares or overseas trading. Being able to see what you’re investing in feels safer and more secure. Your money won’t just disappear into the air or behind a stock exchange screen. You have control.
Build your strategy.
You need to develop an investment strategy which considers your current lifestyle needs as well as what you’ll need for your retirement.
A solid strategy will help you choose the right property in the right area, knowing it will go up in value. It will help you purchase your first property without breaking the bank.
Until you’ve invested in property, you won’t feel the confidence of knowing you have an investment going up in value each year. I can guarantee you won’t be afraid of money after that. Never again will you feel unworthy of financial security and success.
Imagine knowing you’re never again going to be trapped in a job or relationship due to a lack of money. Give yourself the freedom of financial security.
You don’t have to do it alone.
If you think you can’t afford to invest, let’s talk. There is always a way to enter the property market. I can help you find it and I can help you find a property that will bring you a great return on your investment.