Women have lots of power, intuition and sensitivity. They use this very positively well in a lot of ways, including in raising their children. However, in the area of managing their finances women need to be encouraged to be more active and be more intentional on embarking on wealth creation journey
When it comes to wealth creation, it appears that most women are passive and do not take advantage of their God given power and intuition to create lasting wealth, as they do in other areas of life
The question is why are women passive about their wealth creation journey? From my research and personal experience, there are many reasons. I would like to share three in this section .
One, it’s a reflection of the general low financial literacy in the society. It is not taught in school and most homes
Two. Some women are easily intimidated about their financial decisions and just leave it to their husbands . They may allude to the fact that they are busy taking care of their children, husbands and careers, but this is a mindset issue. Someone had said we would always have time for what is important to us.
Three, some women are not exposed to good role models in wealth building.
There are a lot of setbacks if women do not get active in wealth creation . I will quickly capture four in this session.
One , it poses a very high risk to the woman. If she loses the husband where the husband has been her only or main source of financial strength.
Two, it affects the next generation negatively, women that are not active in wealth creation, cannot pass the wealth knowledge to their generation because they do not have it in the first place.
Three, it slows down the entire process of wealth creation because two are always better than one.
If the man is left alone in the journey there is a limit to which he can do
Four, it makes financial decisions very difficult for the husband if the woman is not active in wealth creation. She will not develop a mental capacity to support her husband’s decision. She may always be afraid if the husband is making decisions that she does not understand.
There are different tips that can help women to be more active in wealth creation. I will discuss five in this session
One, women should be aware and come to the realization that they have intuitive and creative power that have positioned them to be active and to succeed in wealth creation.
Two, women need to take intentional steps about their financial literacy . This can be done by reading books either written or listening to audiobooks when they’re busy cooking or doing other things
Three, woman who desire growth in their wealth creation can look out for financial role model
Four, they can also start watching out for the right company that can inspire them for financial empowerment
Five , women need to attend conferences or seminars and watch videos, listen to podcast that can inspire them to be wealthy
In conclusion, as women, we have tremendous opportunities to shape the future of our family, and we do so in a variety of ways from taking care of our little babies and nurturing them to adulthood to taking care of our entire family. However, if we leave the aspect of Wealth creation out of this we may not enjoy the full reward of our overall level of love and commitment to our family and financial future.
As I conclude , I have shared with us some of the reasons why women are passive about their wealth creation , the setbacks of being inactive in the journey of creating wealth, and the tips that can help women to be more active in wealth creation journey
