A place to inspire, motivate and encourage by providing posts on self improvement, health, family, women (and men), life, prayer, poems, quotes of wisdom and share ideas about life.

Wednesday, July 4, 2007

Take Charge of Your Finances

“I am woman… hear me roar!” sang Helen Reddy back in the 1970s. Today women are roaring all right, but all too often it’s from the pain of addressing their financial state. Did you know that over 70% of women say that money is a source of stress in their lives today? Or that women are 2x more likely than men to live out their golden years in poverty?

It’s time for women to roar with financial strength.

I met Manisha and Sharon, who are co-authors of ON MY OWN TWO FEET on MySpace. Together they are teaching women to take charge of her finances.

ON MY OWN TWO FEET is all about teaching women how to live their lives from a position of financial strength. Learning a few simple yet powerful financial lessons while you are in your 20s and 30s will both increase your confidence today and your financial security tomorrow.

The shocking truth is that most Americans live paycheck to paycheck. That means they are waiting for their next paycheck to pay bills like their rent or mortgage. If an emergency should arise, most don't even have enough in their savings to cover the unexpected expense. It is suggested that one has 3-6 months in savings as an emergency fund.

From the American Payroll Association’s “National Payroll Week 2005 Survey.” In this 9/9/05 survey of 29,955 individuals, a whopping 73.9% of respondents said they would find it “very” or “somewhat” difficult to meet their current financial obligations if their paycheck were delayed by a week (americanpayroll.org).

Tip on how to payoff debt:
Concentrate on the smallest debt first. Pay what you can on it, over the minimum payment. Once the smallest debt is gone, add that former payment to the next outstanding debt payment...and so on...and so on (the "debt snowball").

On My Own Two Feet will Teach You:

  • How much of your income to save
  • How to avoid the perils of credit card debt
  • How to create a budget you can live with (and still have fun!)
  • How to invest wisely using a powerful, keep-it-simple plan
  • How to deal with real life situations - such as figuring out how much home or car you can afford & how to handle money when you couple up with that someone special

Whether you are going to run a corporation, a household, or your own extraordinary life, women should learn how to be financially secure.

Check out their profile here


On My Own Two Feet Web site

1 comment:

Manisha & Sharon said...

Thanks for the post, Andrea! Our deepest desire is that our new book, ON MY OWN TWO FEET, will ultimately spark a nationwide movement where woman-to-woman the word spreads about the importance of getting Money $mart. As we like to say, when a woman "owns her finances," she "owns her life." Time and again we've seen the amazing boost in confidence and reduction in stress that comes along with being on top of your finances. It is our hope that all women have the chance to experience this feeling of financial power.

With gratitude,
Manisha & Sharon
coauthors of ON MY OWN TO FEET

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