Women Are Different Than Men

Written by Barbara Huson

When it comes to women investing, I’m reminded of a quote attributed to Einstein: “If you ask a fish to climb a tree, she’ll always feel stupid.”

Same is true with money. If you try to approach finances like a man, you’ll always feel like a fish out of water.

So instead of trying to do it ‘their way,’ it’s time we value the feminine perspective. Let’s look at 5 ways the genders differ:

#1: Our Impetus for Investing

Men are very motivated by profit, perks, personal gain. No matter how much they have, amassing more is a powerful incentive.

Not women. Once we’re financially stable, we’re rarely motivated by money. Sure, we want to profit. But what really inspires us is helping others.

Power-From-Within

Written by Barbara Huson

If you’re not where you want to be financially, consider this. Your difficulties may have little, if anything, to do with money, but your fear of or ambivalence about power…because you don’t understand true power.

Basically, there are 3 kinds of power:

1. Power Over (Domination)

2. Power With (Collaboration)

3. Power-From-Within (Dominion).

The drawback with the first two is that exercising power depends on others cooperating.

The Myth of “More”

Written by Barbara Huson

I have always found myself yearning for more…more money, more success, more sales, more ______ (fill in the blank).

I proudly considered this constant yearning a healthy sign of a robust ambition. Until I began studying neuroscience and realized how truly unhealthy this kind of thinking actually is.

Here’s why. We literally sculpt our brain by what we dwell on. The more we think a thought or feel an emotion, the stronger that neuropathway becomes in our brain.

By constantly hungering for more, I was inadvertently telling my brain “I don’t have enough.”

The more I repeated that thought, the stronger the “not enough” neuropathway grew, until I’d unconsciously do things that kept reinforcing my experience of ‘not enough.’

Shifting from Financial Misery to Financial Miracles in 3 Steps

Written by Barbara Huson

I spent much of my adult life in financial turmoil. Even as I learned more about money, I still felt out of control. Then everything changed.

The answer didn’t come from a financial text, but a spiritual one, A Course in Miracles.

From the Course I learned that we have “two thought systems” or two distinct “voices” in our head:

The voice of Fear (the Ego).
And the voice of Love (the Soul).

The Soul and the Ego have conflicting agendas. Thus, they produce dramatically different results–either miracles or misery.

“You cannot follow two masters,” the Course warns. “There is no compromise between the two.”

You Say You Want More Money, But….

Written by Barbara Huson

If intentions are so powerful, why don’t they always pan out? What if you swear you want to make more money, your intent is sincere, your desire is strong, but try as you might, your paycheck remains paltry?

If this is the case, it’s for this reason: You get what you want, not what you ask for. The distinction is critical.

When a buried intention—say, to be comfortable—is stronger than your spoken one—to be profitable—you’ll stop yourself at every turn. You may say, and believe, you want to make more, but that’s not the message that’s reaching your brain.

If you’re not getting it, for whatever reason, chances are you may not want it. Or as A Course in Miracles explains: “What you ask for, you receive. But this refers to prayers of the heart, not the words you use in praying.”

I guarantee, setting a powerful intention and committing to it can make a big difference in how financially successful you actually become.

What’s Your Legacy? Don’t Wait Till It’s Too Late to Think About It.

Written by Barbara Huson

When I was in my 20’s, I saw a poster that read “Will it matter that I was?” Those words got me thinking about the legacy I wanted to leave, an inquiry that’s still ongoing to this day.

Every one of us leaves a legacy, but surprisingly few reflect on what they want theirs to be. Yet, it’s an important point for us all to ponder.

I once stumbled on a very touching blog written by a hospice physician. She saw how many of her patients were “deeply disturbed” because they hadn’t “contributed anything significant to life.”

“The message I have taken away from these patients,” she wrote, “is that it is far better to contemplate the meaning of life when we actually have some time left to work on the question.”

The Power of Philanthropy

Written by Barbara Huson

Let’s talk about philanthropy. This is where the real power and true joy resides.

I first realized this when I interviewed smart women for my first book, Prince Charming Isn’t Coming: How Women Get Smart About Money. I thought the whole purpose of taking the financial reins was to have more money in the bank.

But these women were telling me there’s more. Knowing how to invest wisely is merely the first part of taking fiscal responsibility. The other part, equally important, is recognizing you have the power to effect change.

I’m convinced this as an inevitable, evolutionary process. Once a woman becomes financially secure, there’s a natural progression from needing to get a grip on her money to wanting to extend her reach in the world.

As we stop waiting to be saved, we start wanting to serve. As we figure out how to invest for the highest returns, we start wondering where we can invest to achieve the most impact.

Yet philanthropy is usually the least thought out, most disorganized, part of our financial activities. We give more thought to buying a pair of shoes than which causes we donate to.

How Strategic Are You?

Written by Barbara Huson

When I wrote Secrets of Six-figure Women, I learned how important Strategic Thinking was to their success. Yet it’s not something many women are inclined to engage in. I certainly didn’t.

Strategic thinking means keeping one eye on your higher purpose without taking the other off the bottom line.

Men seem much savvier at strategic thinking. Women, in their eagerness to give back to their community or give birth to their dreams, often neglect this critical step.

To think strategically, you must constantly link your Big Vision to the costs of doing business, connect your mission statement to the profit/loss statement.

How Much Risk Can You Tolerate?

Written by Barbara Huson

Risk tolerance. You’ve probably heard those words bandied about when talk turns to investing. But do you know what they mean?

Risk tolerance is generally defined as the ability to stomach large swings in the value of your investment portfolio. Because the market, by nature, is very volatile, understanding your risk tolerance is vital for making prudent decisions.

There are 3 factors to help you figure it out.

The Secret to Success in Only Five Words

Written by Barbara Huson

One day, I was glancing at the Wall Street Journal, when 5 words grabbed my attention. “The survival of the focused.”

I forget what the article was about. But I knew those five words carried a powerful message. A message High Earners live by. But one Underearners have failed to grasp.

Without focus, it’s easy to get sidetracked by multiple distractions fighting for your attention. But with focus, conflicting objectives cease to control you, making it easier (and less stressful) to take decisive action without second guessing.

What’s the trick to getting focused? Getting crystal clear on your priorities, what’s really important to you. All else goes on the back burner.

Blog

Women Are Different Than Men

Power-From-Within

The Myth of “More”

Shifting from Financial Misery to Financial Miracles in 3 Steps

You Say You Want More Money, But….

What’s Your Legacy? Don’t Wait Till It’s Too Late to Think About It.

The Power of Philanthropy

How Strategic Are You?

How Much Risk Can You Tolerate?

The Secret to Success in Only Five Words

Meet Barbara Huson

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