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Last Updated: Feb 6, 2017 - 2:32:04 PM |
While most women admit that they are concerned about their financial future, particularly about not having enough money to maintain their current lifestyles, women are still not giving their personal finances the attention it deserves. Resulting in an increasing number of women being only a job loss, major illness or divorce away from a financial meltdown.
Surprisingly too, passively relying on sources beyond their control to provide for their financial needs such as husbands, children or some good fortune. Unfortunately, not realizing that in order to be able to stand on your own two feet financially you have to take control of your finances.
And although many women avoid dealing with money issues, it is extremely important that you do not make this same mistake because a majority of women will be solely responsible for their money and finances at some point in their lives - An astonishing 90 percent according to the American's National Center for Women & Retirement. Resulting from the fact that women are:
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Choosing to marry later in life because of career goals;
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Increasingly choosing to remain single; and
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Fifty percent likely to be divorced.
This coupled with the fact that our changing economy heightens the possibility of a spouse losing his job clearly eliminating the financial safety net once enjoyed by women of earlier generations. Means that every women need to know what to do with her money in order to achieve financial security and independence without relying on a man to do it for her!
How about your own financial security? Are you feeling financially secure? You would admit that while you may not be open about your money that you are stressed, secretly craving financial security and looking for ways to do something about it. But just not sure what, given all the different options. And your fear of making the wrong choice has lead to you doing nothing.
The best way to overcome these impediments is with professional financial planning help. Because financial planning is not a luxury - it is an imperative if you are going to achieve financial security!
And if you are going to be able to stand on your own two feet you must begin taking action today. You have got to find out a way to balance your desire to live well now with your need to save and invest money for a financially secure future.
Another shocking fact is that more than 70 percent of persons are living virtually paycheck to paycheck. Clearly indicating that most women do not have adequate savings or other assets that could sustain them through a financial crisis.
This is why you need to begin planning now before you are faced with a crisis. And while there are a variety of avenues that you can take to prepare because you are not even sure what you need - financial coaching is unquestionably a good place for you to start.
With financial coaching you get supported step-by-step through the financial planning process. As coaching provides you with:-
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Personalized attention and information on exactly the issues you are working on and how to integrate them into your overall plan.
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The support you need to succeed by having a partner in the process who is standing on your side.
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Focus that enables you to overcome the distractions and frustrations of every day life.
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Clarity, Encouragement and Accountability
While allowing you in a supportive, non-stress environment to:-
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Ask clarifying questions about your finances;
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Discuss your fears and beliefs about money and their impact on your spending decisions;
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Learn how to have more left by managing better.
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Explore issues related to creating multiple streams of income; and
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Debt reduction.
And most of all coaching will provide you with your very own personalized "financial readiness plan" that will empower you to communicate your specialized financial assistance needs and what you want to meet your financial planning goals.
And to help you get started here is an opportunity for you to get some help as you stand on your own two feet financially. By simply sharing your most pressing money challenge with me. Just go to www.financialcoachingwithglenn.com and participate in the "Unlocking Your Financial Security" contest.
Copyright © 2010 - Glenn S. Ferguson
Glenn Ferguson is a financial & retirement Speaker, Coach and Syndicated Writer, helping you to painlessly take control of your Money, to create wealth for yourself and family. Email to: glenn@financialcoachingwithglenn.com Website www.financialcoachingwithglenn.com
© Copyright 2010 by thebahamasweekly.com
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