Empower Your Pursestrings: Money Management is the Key to a Better Future
By Dani Parthum
- 3 Min
Financial advisor encourages personal management of finances akin to maintaining one's health! - Manage your finances as if they're your overall wellbeing!
I've seen it time and again: smart, strong women who dodge crucial financial decisions such as retirement planning or arrangements for joint finances, despite their intelligence and assertiveness. It's not out of disinterest or negligence, but because they believe money isn't that important - they'll deal with it later, or it seems too complicated, or they think it's not their thing.
About the Author
Dani Parthum, an economics graduate, financial coach, blogger, book author, and founder of MoneyWoman, is passionate about empowering women to overcome their fear of finance and develop strategies to manage money independently, build wealth, and achieve financial independence. Her work can be found in a regular column for Capital, and more of her insightful articles can be found on www.stern.de/capital.
The catalyst for change eventually comes - divorce, job loss, retirement, or a personal crisis. The root cause remains the same: a misguided belief that money isn't vital, and it can wait.
It's easy to interject here: "Hey, I'm already juggling a million tasks - my career, family, volunteering, the kids. Now I need to worry about money too?" Yes, because money is a tool for shaping your own life, not a burden. Neglecting financial management makes one dependent on partners, family, the state, bank advisors, or chance, surrendering control over one's life.
The book "[At the Expense of Mothers]" shed light on the consequences: many women in Germany are financially dependent on others, as revealed by the statistics.
Money is not a chore; it's self-nurturing
Treating financial self-sufficiency as another addition to your already jam-packed to-do list is a misconception. It's self-care and self-respect, an essential necessity. Ask yourself: What do you aspire for in life? How do you go about achieving it? What role do you delegate to money - and thus to yourself? Regrettably, too few women have come to realize that money is a means to shape their own lives. Those who hand over this tool or refuse to fight to keep it are relinquishing part of their freedom and autonomy.
When life-shaping financial decisions are delegated to others - retirement planning, personal protection, wealth creation, dividing family work and income, taking on part-time work after childbirth, or entering into marriage without a prenuptial agreement - partial control over one's life is surrendered. Is that what you truly want? It's your life!
Money means freedom
Have the funds and make conscious use of them, regardless of age, and you'll have the power to say "no" when necessary, go or stay by choice, take time off, fulfill wishes, and support others, all on your own merit. You'll find this to be true from my coaching practice: Nothing changes women's lives more than their own financial and investment knowledge - I can provide for myself, I have complete control over my life (and that of my children).
Care for money is not selfish, greedy, or unfeminine. It's crucial for women - as self-care and self-respect. I repeat this intentionally. If anyone tries to convince you otherwise, they intend to keep you small and dependent.
Every one of us is granted 24 hours. It's better to release obligations that weigh you down - making yourself small, trying to please everyone, always being available. Never, however, relinquish the responsibility for your finances. Treat it with the same care as you would your health or a cherished friendship. Allow yourself to. You'll be astounded by the positive changes in your life. Suddenly, you'll converse confidently about financial matters, ask questions, and make informed decisions. No more holding back, no more guilt, no more negative feelings. And start before it hurts.
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- Finances
- Investment
- Women
- Wealth accumulation
- Empowerment
- In the pursuit of financial empowerment, Dani Parthum, an economics graduate and financial coach, emphasizes the importance of embracing various policies, such as community policy and employment policy, to achieve financial independence and build wealth.
- As a passionate advocate for women's financial well-being, Dani Parthum encourages integrating the principles of science, health-and-wellness, and personal-finance into everyday life, addressing the root causes of financial uncertainty and dependence among women.
- In order to claim true control over their lives, Dani Parthum encourages women to see money not just as a practical necessity, but as a tool for fostering self-care, self-respect, and self-nurturing, and integrate it into discussions on topics such as science, health-and-wellness, women's health, and womens-health.
