A couple of months ago, I wrote an introductory article for my “10 Steps to Become Financially Sassy”. But then life happened and before I knew it, two months had gone by and I hadn’t written the follow-up articles.

So here they are…

I wrote the 10 steps to tell you all about the importance of learning everything you can about money and finance, where to find help, and how you can become financially sassy.

Because too often, as women we simply do not take the time and effort to learn about money or how to become comfortable even talking about it..

My passion is teaching you about money — how to handle it, how to control it instead of letting it control you. And most importantly, how to make sure you know how to take care of yourself.

So without further adieu, this article will focus on the first 3 steps to becoming financially sassy.

  1. A Man is NOT a Financial Plan

I know, I know. We say “I do” and we fully expect it will last forever. And I truly do hope for you it is true. But the fact of the matter is almost 50% of marriages end in divorce.

Too often, women come out of a marriage far worse off than they ever imagined. Many times, as women, we put our careers on the backburner to raise a family. We either leave the workforce entirely, or we take more flexible jobs which pay less in order to raise our children.

But after a divorce, the consequences can be disastrous. Child support and/or alimony will probably not be enough to maintain the same quality of life you enjoyed before.

And since we’ve been out of the workforce, our career has been stunted, so we aren’t able to command a higher paying job necessary to keep ourselves afloat.

That’s why it is so important to learn about money, finance, investments, insurance… so you can protect yourself should a divorce happen.

I know it’s not fun to think about, but it is something which must be done. And this leads directly to step #2

  1. Increase Your Financial IQ

The financial services industry has woven itself into this bizarre, convoluted sector. One which purposely makes itself out to seem as something which the average person couldn’t possibly understand.

They do this in an attempt to justify their exorbitant fees. But can I let you in on a little secret?

It’s a good one… a secret which most financial advisors and sales reps don’t even know.

Only about 22% of mutual fund managers have better returns on your money than if you simply invested in a low-cost index fund.

To make matters worse, an “actively managed” mutual fund, as they’re called when a highly paid “professional” pick the stocks for you, has fees which are on average 8 times higher than a simple index fund.

Don’t believe me? Simply Google “index fund vs. mutual fund” and check it out for yourself.

So take a class, join an investing group… do something to get smart about money before it’s too late.

  1. Don’t Let Anyone Tell You What to Do With Your Money

Not your spouse, not your employer, not the silver-tongued financial advisor. Once you learn about money and investing, you’ll have a much better idea of your risk tolerance.

Are you OK with the potential to lose 20% of your money if it means you may make 40%?

Maybe not. Perhaps you’re only comfortable with earning 4-5% a year in a much safer investment.

Only you know your true risk tolerance. So don’t let someone else decide where your money should go.

You call the shots. You tell your financial advisor where to put your money.

Because after all, you’re the one who has to sleep peacefully at night.

Next article, I’ll hit steps 4-6 of the “10 Steps to Become Financially Sassy”.

But if you want to get a sneak peek at them, you can download your FREE version by clicking here.

Until next time…

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