Money Musings 💭 use the power of your wallet 👊
During my college summer internships and in my first job, the companies I worked for offered great training on everything from excel shortcuts to writing client emails and understanding our benefits. But no one talked to us about money.
For many of us, it was the first time we were earning and managing our own money. We had no idea what we were doing and we made lots of mistakes.
This experience is pretty typical. We try to figure it out ourselves - and that’s not working out so well.
In PwC’s financial wellness survey for 2019, the number of employees stressed about their finances increased across all generations, particularly among millennials.
It helps companies when they offer us financial wellness benefits because we’re happier, more productive, and more engaged as people and employees.
35% of employees report that issues with personal finances have been a distraction at work.
Nearly half (49%) of those who are distracted by their finances at work say that they spend three hours or more at work each week thinking about or dealing with issues related to their personal finances.
And we’re doing something about it.
Last month we launched our brand new year-long financial wellness program with Bacardi’s leaders. They will be going through my entire course curriculum this year, and we kicked it off with a talk at their HQ in Miami.
So far the program has been a huge success, and I’m so excited to work with more companies. Refer us to your company to get a copy of my book, access to all of our courses, and a live workshop with me (without footing the bill). We even offer a nice referral bonus (email me for details!)
We’ve launched this new site that shares how it all works.
Money Move of the Week
Align your spending with your values. While most of us wish we could give more money to the organizations and causes that are important to us, we have more power than we might think. Every single time we purchase something, we’re investing in a company. We’re supporting their product, their values, and what they stand for. With everything going on in the world, voting with our wallets is more important than ever. Use every purchase as a chance to align your spending with your values this next week. That might mean investing in businesses that are women or minority-owned, that care about and support the causes that are important to you, or that treat their employees with equality and kindness.
You Gotta See This
ICYMI Ken Fisher, billionaire and CEO of an investment firm, spoke at a financial services conference and made some very sexist remarks. Investors have since taken two billion of their money away from the fund (there’s still a lot left 🙄). What most upsets me is how not shocked or surprised I was listening to the tape. It’s sadly very typical of my previous industry, and it shows how far we have left to go to create financial services industry that women would feel welcome to be a part of. Where do we go from here? Sallie Krawcheck gives a gender equity checklist so we can vet companies before voting for them with our money.