I know many of you were not able to attend HerStory's Women & Wealth event so I would like to give you an opportunity to get some insight on what the ladies learned about the importance of financial independence.
2. Women must learn to budget, prioritize, save
for retirement, properly protect themselves and
their families and get financial educations.
3.8millionadultwomenpossessliteracyskillsbelowa"basiclevel".This
makesitdifficulttounderstandimportantfinancialinformation.
SECTION ONE
WOMEN ARE MORE EDUCATED,
ACCOMPLISHED AND
EMPOWERED THAN EVER
BEFORE. BUT WHEN IT COMES TO
INVESTING AND MANAGING OUR
MONEY IT FEELS LIKE WE'RE
STUCK IN THE 1950'S
3. 58% OF MARRIED
WOMEN LEAVE
INVESTMENT AND
LONG TERM FINANCIAL
PLANNING TO THEIR
HUSBANDS
THE AVERAGE LIFE EXPECTANCY
FOR A WOMAN IS UP TO FIVE
YEARS MORE THAN A MAN'S, AND
THE DIVORCE RATE HAS DOUBLED
WHICH MEANS 8 OUT OF 10
WOMEN WILL END UP ALONE AND
SOLELY RESPONSIBLE FOR THEIR
FINANCIAL WELL BEING
WOMEN MAKE UP
THE MAJORITY
OF CAREGIVERS
AND ARE 3X
MORE LIKELY
THAN MEN TO
QUIT THEIR JOBS
TO CARE FOR A
FAMILY MEMBER.
credit: workstatistics.com
SECTION ONE
Women are 3x as likely as
men to say they can't afford
to save for retirement
52% of mothers with daughters under 21
said they were fine with their daughters'
future spouses handling long term
financial planning.
Women earn less, save less,
and live longer but are still
responsible for the same living
expenses men pay.
4. MORE FACTS- A woman makes between 0.80 for every $1 a man makes at the
same job. An African American woman makes 0.63.
- Women paying back student loans have less money to save for
other financial respondsibilites like buying a home or building
retirement savings.
- 1 in 5 women falls into poverty because of divorce.
- 3 out of 4 divorced mothers don't receive full payment of child
support.
- About 1 out of every 3 women who own a home and have children
lose the house after divorce or death.
- After death or divorce about 1/3 of working women can't meet an
unexpected $2000 expense within 30 days.
- Single and married women tend to focus on priorities other than
saving and retirement, like paying for their children's needs and
owning a house which results in poverty in old age.
5. GIVE A WOMAN A FISH AND YOU
FEED HER FOR A DAY;
TEACH A WOMAN TO FISH AND
YOU FEED HER, HER FAMILY, AND
HER COMMUNITY FOR A
LIFETIME.
Chinese Proverb
SECTION TWO
6. Learn your credit score.
Keep a record of your personal debt
Create a budget
Open a savings account
Properly Protect your Income
Start Investing
Get A Financial Consultant
How to Achieve Financial Freedom
7. SELF -REFLECTION
Are you in debt? Do you know your credit score? Do you have a budget? Is there mail in your house that you are afraid to
open? Do you have secret debt that your significant other does no know about? Are you using one payday loan to pay
another one? Do you need help? Are you open to making additional income? Are your kids lying for you about your bills
yet? Have you ruined their credit? Are you tired of living paycheck to paycheck? If you die today would your kids become
wealthy or a statistic? Are your robbing Peter to pay Paul? Are you too ashamed to ask for help? To embarrassed by what
you think others will say? Have you been in debt since college? Did you think getting married would fix it? Do you think
getting a divorce will fix it? What are you afraid of? Expense purse no money? Nice car no money? Do you think getting
another degree will fix it? What will your life be like 5 years from now? Would you like to end the generational curse of
poverty and debt for your family? Would you like to create generational wealth for your family? What do you want? When
will you start?
SECTION THREE
8. THERE IS NO FORCE
EQUAL TO A WOMAN
DETERMINED TO RISE
W.E.B. Du Bois
SECTION THREE
9. One of the hardest things I had to do in my life was get myself out of
the debt I created as a young adult. It was the easiest thing to get into
but the longest and most difficult to get out of. I know exactly how it
feels to be in a financial situation that seems hopeless. Through
personal experience, proper education, and training, I am now a
Licensed Insurance Agent and Certified Credit Consultant who can
help you achieve the same financial freedom I achieved for myself. I
know first hand how difficult it is to share your personal information
with others that’s why I take pride in taking the necessary steps to
make you and your family feel as comfortable as possible. With free
one on one consultations, you are able to determine if I would be the
best financial advisor to meet all of your needs. I look forward to
helping you succeed in all of your financial goals. Contact me at
601-913-0535.
Tamekia Bynum-Lesure
I'M READY AND I
NEED YOUR HELP!
SECTION FOUR