I’m not the biggest fan of commemorative days and holidays of all kinds. At the same time, of course, it makes sense to take a look at this topic from a financial perspective today on International Women’s Day. According to statistics, about 75% of today’s women will be in old-age poverty in the future if they rely only on the statutory pension (assuming it will still be paid at all at that time). In my 25 years as an executive and trainer, I have seen this time and again with my employees. Women in their 50s, actually in their prime, e.g. due to a separation suddenly on their own and in principle not even able to pay for an apartment at the level they had before. And with rising inflation, which we have, rising cost of living, etc., this will not improve and leave many on Hartz4.
Now this is not meant to be a horror scenario or to spread fear. It is just to make you aware of how important it is to build up additional sources of income. In my world of course to start your own business. Which doesn’t mean that you should throw everything away overnight and go “all-in”. There is that variety too, however for most it makes sense to build it up gradually.
That’s why I love it so much and why it’s simply a matter of the heart for me to accompany women in particular, e.g. in my 3-month Money and Business Queen program. To create the basics, to take the first steps, even if you have no plan and no idea until yesterday. To live this new serving Mindset. Because we have not learned it, most not at home or in their environment in which they grew up and anyway not in school.
Finances are a matter for the boss, i.e. personal responsibility. For each individual, whether you are single or in a partnership. Have an overview instead of suppressing the topic. Learning to love dealing with money (on the income as well as on the expenditure side).
And another food for thought for anyone who is a mom or has younger children/daughters in their circle.
What kind of role model do you want to be?
What do you want to pass on to the future generation?
It wasn’t that long ago that women were even allowed to open their own bank account, get a driver’s license, or work without their husband’s consent. Until 1969, married women in Germany had no legal capacity whatsoever, for example, to buy furniture or the like.
All possibilities that haven’t existed for 100 years, so it’s not surprising that it’s still “stored” somewhere in us.
But we are allowed to change it. Step by step. I´m here as your coach to guide you on your journey.
Change your Money Story
Change your Life