In Tuesday’s Financial Woman blog, I wrote “Imperfect action is always better than waiting for perfect action, as it will never come. How many times do Apple, Dell and Microsoft improve their original product after launch? If they can use this strategy, so can we”. In today’s article, I’d like to expand on this topic as it relates to women and money.
I hear from many women that they often feel overwhelmed or intimidated about getting more involved with growing their money. There is a misperception about investing, as with many other aspects of life: that we have to know it all before taking steps leading to a desired outcome. Knowing it all implies perfection, which is just not realistic.
While this may seem like a scary thought, you learn more about investing and growing your money as you do it. Sure, you ease into it as you learn, and the lessons are tough ones, but there is not a money manager or financial advisor that has not made mistakes along the learning curve. To imply otherwise would be less than human.
What, then, is the best way to start? As Nike says, “Just do it”. Here are a few simple time-friendly ways to start getting more involved with investing your money:
- Get comfortable with the lingo. Just think, only a few years ago, facebook and blog were unfamiliar words. Once you saw what they were all about, I’ll bet your confidence about them automatically grew. They were no longer scary, techie-sounding odd words. The same will happen as you become more familiar with the language of money.
- Think of the end result of your involvement with growing your money. This can be the accomplishment of your money reasons (see my many other blogs about this), or it can be that wonderful feeling of financial confidence. Take 5 minutes now to write the potential results of you becoming more proactive about growing your money.
- Commit to allowing more exposure to financial lingo into your life; this can be as simple as listening to the business news while you are putting on your makeup in the morning. Jot down any terms you want to better understand and google them, or shoot me an email at Financial Woman.
- Take on a financial related task that someone else normally does; if you are married, simply swap tasks for a couple of months. It may be that you find the financial task much more stimulating than the one you gave up!
- Seek like-minded women looking for financial empowerment. You can start by joining the Financial Woman Club! It’s FREE, so no excuses. But I want more; I want you to commit to 5 minutes a week to read the Thursday Nest Egg Newsletter and watch the video.
Which of these 5 simple money tips resonates with you? Choose a couple, and write them in your planner. As women, we know good things happen when we commit to an outcome. And I’ll see you at the Financial Woman Club.