Two Important Personal Qualities for Navigating Economic Downturns

Jean Chatzky

Jean Chatzky, the financial editor for NBC’s TODAY, once conducted a large study, in partnership with Merrill Lynch and Harris Interactive, to identify what separated people who were successful—in a wide range of financial situations—from those who were not.

As you might have guessed, saving and having a financial plan was part of the answer. But so was being optimistic and resilient, Chatzky said in a recent conversation.

And, those are the skills we need now—and can cultivate now, she said. Read More

Posted in Speaker Articles, Financial Fitness, Transitions Tagged , |

If You’re Worried About Money, Think About This

young woman expressing a perplexed look on her face while examining monthly bills and account balances

Sometimes, one simple shift in thinking can help us know that, whatever the challenge before us, we’ll figure it out. This week, economist and Conference for Women speaker Teresa Ghilarducci provides that reassurance on our latest episode of Women Amplified.

Here it is: If you’re worried about money, think about your future self, and take action that supports that self—not the fearful self that may be activated in this moment.

Fear triggers chemicals in your brain that will make you want to do something to blast that fear away now. But those actions may not be in your long-term best interest.

So, what should you do—especially if you’re dealing with a loss of income or feeling rocked by the volatility in the stock market?

“You have to do something, but you have to do something for your medium-term and long-term self,” says Ghilarducci, a professor of economics at the New School for Social Research in New York City.

Focusing on the future, instead of this more anxious moment, will help you take charge. And from that more empowered mindset, you will be better positioned to take constructive action—on what Ghilarducci says should be three priority areas:

  1. Spending. If you don’t have a budget, this is the time to set it up—and watch it carefully. Fortunately, discretionary spending for many items—from Starbucks to hair care—is down. And we just might discover how many impulse purchases we don’t truly care about, which could help keep expenses permanently down.
  2. Debt. If you have credit card debt, ask the company to suspend payment without extra interest for the next two months—and to lower your interest rate while they’re at it. If you have a mortgage, do the same thing: ask for a two-month suspension without any extra interest accruing.
  3. Investments. If you can, look at your 401k accounts and make sure you know how much more you need to save to get on target. And, says Ghilarducci, remember that your asset values will probably come back in a year and a half. So, be patient.

Tune in to hear the full conversation with Theresa Ghilarducci on the Conferences for Women podcast, Women Amplified.


More from the April 2020 Newsletter

Posted in Speaker Articles, Financial Fitness Tagged |

Creating Financial Health During Crisis

Teresa Ghilarducci

Although life has come to a screeching halt, concerns over money have not—financial fear and distress are at an all-time high.

Our latest episode of Women Amplified features economist and author Teresa Ghilarducci, who offers invaluable and actionable ways you can take control of your finances in the short-term and create long-term financial health. Learn sustainable daily habits to maximize your paycheck and savings, help you budget in crisis-mode, manage debt, and continue planning for retirement. Read More

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Posted in Podcasts, Financial Fitness, Women Amplified: A Podcast from the Conferences for Women Tagged , |

4 Money Tips to Help You Have More Time to Do What You Love

Tonya Rapley

Tonya Rapley, who Black Enterprise Magazine called the “New Face of Wealth Building,” is on a mission to help women break the cycle of living paycheck-to-paycheck and do more of what they love.

Author of The Money Manual and founder of My Fab Finance, Tonya offers these tips for making better decisions about money: Read More

Posted in Speaker Articles, Financial Fitness Tagged , , |

Fab Finance: Creating Your Best Financial Life | 2019 Session

87 percent of Americans lack financial confidence when it comes to managing their money, and approximately 73 percent live paycheck to paycheck. Concerns over money transcend all differences; and despite working hard to get ahead, most families are one check away from a financial crisis. This interactive finance workshop will offer tools to help you create a new narrative and new habits that support financial success. Attendees will leave with:

    • A better understanding of your money story and how your experiences shape your relationship with money;
    • Ways to counteract the tactics marketing companies use to encourage consumers to spend beyond their means;
    • The ability to create new habits that allow you to save more and increase your financial health; and
    • Ways to create a budget that aligns with your life goals.

Read More

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Posted in Financial Fitness, Goals & Priorities, Breakout Session Tagged , , |

You Asked. She Answered.

Charmaine McClarie

Q: Is there a good comeback for when someone repeats your idea and takes credit for it? I usually just sit there and think: What just happened?

A: Charmaine McClarie, leadership expert and executive coach says: You can simply say, ‘Excellent idea. I’m really glad that you agree. And I have three strategies that will make a difference as we move this forward.’ Then send out an email and identify what they are so that everyone knows it’s you.

 


More from the June 2019 Newsletter

Posted in Speaker Articles, Career Choices, Marketing Yourself & Your Small Business, Financial Fitness, Small Business Tagged , |

4 Proven Strategies that Will Help You Get a Raise

How to get paid

The gender pay gap became front-page news last month after presidential candidate Kamala Harris announced a proposal that would require companies to prove they pay women equitably—or pay a fine.

But if you don’t want to wait to see what comes of that, here are four tips that expert Conference for Women speakers say have helped them negotiate salary increases: Read More

Posted in Speaker Articles, Financial Fitness Tagged , , , , |

5 Smart Steps For Future Entrepreneurs

Ann Miura-Ko

Ann Miura-Ko, a founding partner of Floodgate

So you have a great idea for a business. What’s your next move?

First, take an honest assessment of your personality. Claire Lee, head of early stage banking at Silicon Valley Bank, has noticed three traits in successful entrepreneurs.

“Number one is adaptability: the ability to pivot, really be open to feedback and advice, knowing which to take and which to ignore,” Lee says. “Number two, and perhaps as important, is resilience and grit—you’ve really got to develop a thick skin. And third is resourcefulness—being able to leverage your network, know where to get help and not be afraid to ask for help, is critical.”

Did you check all three boxes? Great! Here are five more starter steps to help you forge a path forward: Read More

Posted in Speaker Articles, Career Choices, Marketing Yourself & Your Small Business, Financial Fitness, Small Business Tagged , , , , |

How Every Woman Can Be “Self-Made”—with Nely Galán

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Nely Galán

After emigrating from Cuba at the age of 4, Nely Galán became the first Latina president of entertainment for a major TV network, an Emmy award-winning producer, and New York Times best-selling author. In her words, she became “Self-Made,” and now she wants to teach every woman how to do it. Tune in to hear her story, the strategies that drove her success, and why she thinks the time has never been better for women to claim their power.

+ Ask Nely YOUR questions during a live Q&A on Tuesday, May 21st @ 1:00pm EDT!

+ Check out the free “Self Made Mastery” webinar series Nely mentions in the podcast

Read More

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Posted in Podcasts, Life on Your Terms, Marketing Yourself & Your Small Business, Financial Fitness, Small Business, Success & Leadership Tagged , |

Live Richer in 2019 with Tiffany “the Budgetnista” Aliche

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America’s favorite personal finance educator shares her top tips for maximizing your money in 2019, how to prepare for unexpected financial hardships, and the least-scary ways to raise your net worth.


Be sure to subscribe to our new podcast on iTunesStitcherGoogle Play or TuneIn so you don’t miss this or any exciting upcoming episodes of Women Mean Business!

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Posted in Podcasts, Financial Fitness, Goals & Priorities Tagged |
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