This article was published today on Fairygodboss.com.
“Ambition is not a dirty word.” Reese Witherspoon, Oscar Award winner and producer, shared with a female audience how tough it had been for her to launch her own production company in spite of being a famous A-list celebrity. It was not until several of her projects had been financially successful, including Wild, Gone Girl and Big Little Lies, that she gained respect from other studios.
So what do the rest of us do?
I created a research project called Claim Your Financial Power and interviewed 20+ female experts in order to learn from top thought leaders. Authors of best-selling books, podcast leaders and thriving entrepreneurs shared best practices on how to develop the mindset to make key financial decisions, how to navigate career advancement and how to invest to build wealth, including starting your own company.
Based on these interviews, here are five ways for women to claim their financial power:
1. Learn – Could the blogs you read and the podcasts you listen to be the key to conquering your financial fears? Manisha Thakor, host of The MoneyZen Podcast, and Laura Adams, host of the Money Girl Podcast, share the importance of keeping up with industry changes—and that valuable information is available online.
2. Invest – You’ve likely heard how important compound interest is in growing your wealth. But, did you know many women still hold much of their savings in cash—losing the benefits of that compound interest? Alice Finn, founder of PowerHouse Assets and author of Smart Women Love Money, discusses her Five Rules of Investing.
3. Negotiate – Women are paid 77 cents to the dollar for similar work to a man—and unfortunately many professional women do not know how to build the business case for their next raise, promotion, bonus or key assignment. Melissa Hereford, negotiating expert and founder of Negotiate with Confidence, shows us how.
4. Create a Personal Brand – What does it mean to create a “personal brand?” And is it even needed if you have a corporate job? The resounding answer is Yes! Catherine Kaputa, branding expert and author of You Are a Brand, talks about the importance of letting others know about your expertise and leveraging it outside of your workplace to build wealth and influence.
5. Network – Does “networking” give you the chills, or are you a natural connector? Either way, you’ll want to listen to the conversations with Kristy Wallace, CEO of Ellevate Network, and Georgene Huang, CEO of Fairygodboss. They present views on building long-term economic opportunities based on the people you know and sharing policies that support women in the workplace.
If you want to learn more from these thought leaders, register for the free Online Women’s Summit that starts October 2. More than 20+ female experts share their perspective and actionable ideas on ways to Claim Your Financial Power. Register Here.