When I tell people that I teach women about personal finance, investing and wealth the first thing I often here is “oh, like Suze Orman!” “Nope,” I say, “not like Suze Orman at all.”
The truth is that when I worked in the investment management industry, I learned to teach just like her.
What I am coming to believe is that the model of investing that we’ve been taught and that is available in any number of books on the topic is a very masculine take on the subject. We’ve all been taught to pay ourselves first, to establish emergency funds for the rainy day that’s right around the corner, to tighten our belts, to clip coupons and to chase the stocks, bonds and mutual funds with the highest returns so that some day, in some uncertain future, we can put our feet in the sand in Florida. (more…)