Women & Wealth

An Amazing Secret For Creating Abundance

image-sunflowers I made a fascinating discovery in my interviews with women who made millions.  They had a very high capacity to receive… in stark contrast to underearners!  That’s when I realized: There’s a direct correlation between our level of abundance and our ability to receive

…which got me thinking about my own ability to receive — something I’d never really given much thought to.

As a result, I started a “Receiving Journal”.  I actually conceived the idea of a Receiving Journal for the High Earner Intensive tele-seminar (which evolved into Sacred Success).  I assigned it as homework, and decided to try it myself.  OMG, what an eye-opener.

Keeping a Receiving Journal serves the same purpose as tracking your spending.  Both are consciousness raising tools.  But instead of increasing your awareness of money going out, a Receiving Journal forces you to face all the abundance flowing in.

As A Course of Miracles tells us: “Every day a thousand treasures come to me with every passing moment.”   The problem, however, is that the distractions of daily life keep us from noticing those treasures.  Ignoring treasures that flow in is, essentially, an act of pushing them away, of saying ‘no’ to abundance (whatever form it may take).

To fully access the power of a Receiving Journal, you have to understand this: everything that happens holds a gift for the receiver, regardless of whether you judge the event as ‘good’ or  ‘bad’.

Here’s how it works: in your Receiving Journal, write down everything you are given throughout the day:  from a word of praise to a kiss on the cheek, from a muscle spasm in your back to a reprimand from your boss.  The challenge, of course, is to find the treasure  in what may seem awful.  But even the good stuff can be challenging to accept.

For example:  I started noticing how often I’d gloss over expressions of praise or appreciation for my work, without really taking the words in and owning them fully.  So I started listing, in my journal, every compliment, every appreciative email I got.  And when I had a fight with my boyfriend, I actually stopped to figure out the gift (after my short bout with self pity) and discovered I was repeating a pattern that had messed up other relationships. That insight went in my journal too.

I love the impact this is having on my bottom line.  But even more, I’ve never felt so good about myself.  And as I learned from interviews with former underearners, the moment they began raising their self esteem, their income went up almost immediately.   Maybe that’s what a Receiving Journal is all about… not just expanding your ability to receive, but actually learning to love yourself, in a much bigger way. I’ll tell you this… it’s working!!!!

 

It’s not about money…

A lot of women in my workshops tell me they feel guilty about wanting to make more money, as if a profit motive were something shameful. I understand their conflict. I used to struggle with it myself. But that was before I wrote my book, Secrets of Six-figure Women. Stone archI always asked every woman I interviewed this question: Are you doing what you’re doing for the money? With rare exceptions, every one swore that it wasn’t the money that motivated her success. It was what the money represented, something much deeper, more personal, and very individual. These women were driven more by what they hoped to achieve rather than what they aspired to earn. Each one had a vision for her life based on cherished values like recognition, independence, security, or achievement. These intangible goals rather than hard cash provided the fuel for their financial success.

However, there was an important distinction that made a big impact on me. Granted, these women weren’t in it for the money. But at the same time—this is the key—they darn well wanted to be well compensated because they felt they were worth it. Their financial success didn’t come from the love of money, but love of self…and the value they placed on what they offered.

I have come to see that achieving self love, self worth, self respect are the real secrets to financial success, much more so than working longer hours or seeking multiple streams of income. Would you agree?

Your Feminine Mystique

I’ve been writing books about women and money for over a decade. But it’s only in the past few years that I’ve witnessed a growing trend. Women are coming together for the sole purpose of financial education. And not just in formal investment clubs. Women are forming money book clubs or simply study groups on the subject. They are gathering in person, or through the internet. ( Wife.org offers fantastic money groups).

HandsThis phenomenon sends me right back to the early 70”s when, sparked by Betty Friedan’s book “The Feminine Mystique,” consciousness raising groups began sprouting up. For the first time, women were sharing more than tips on how to catch a man or raise a child. We began searching for meaning and purpose outside the proscribed roles of mother and wife. Those tiny gatherings around kitchen tables sparked perhaps the most dramatic social change in history: the feminist revolution.

But you know what the feminists forgot? Money. Today women make up half the workplace, but financially many of us are still in the dark ages.

I am thrilled with this new dimension of consciousness raising. Women finally understand they need to be financially savvy. And we’re figuring out fast that learning in groups is especially powerful. Women by nature are relationship oriented. We learn best from each other. Combining girl-talk with financial-speak greatly decreases intimidation levels and ups the fun factor exponentially. The result: a growing cadre of economically independent women are reclaiming their power, taking charge of their lives, and having a great time in the process.

In case you missed it, a study group guide is included in the paperback edition of Secrets of Six-Figure Women. I’ve gotten a lot of good feedback from women who have followed it.

Have you joined (or started) a money group? I’d love to hear about your experience.

What would you do with a windfall?

Diamond RingHere’s a question for you. If you had a choice—a $25,000 diamond ring or $25,000 in stock—what would you pick?

An Oxygen network survey asked women that very question. And you know what? The whopping majority (almost 80%) went for the stock. On the surface, that sounds like great news. But here’s what I’d like to know. How many of those women, if given a $25,000 check, would actually call their broker and buy the stock? Would you? Sadly, my guess is no.

Every piece of research I’ve read says the same thing: women today know full well they need to protect themselves financially, but they still aren’t doing it. The recognition is there, but the resistance is stronger. For example, in a 2004 Prudential Financial survey, 53% of the women said they expected to save and invest more that year. But in 2006, that same poll found only 11% had actually invested in stocks or mutual funds for the first time; only 14% opened a retirement account.

As I see it, when it comes to money, the more things change, the more they stay the same. There is still a frightening level of financial passivity and ignorance among even the most successful women.

The deeper question I have is: What can be done to motivate more women to take control of their money? Is financial inertia something you’ve seen, or struggled with personally? What has worked (or not worked) for you?

Feel free to leave your comments on this blog. If you want to read the same article I read about this survey: http://savannahnow.com//node/344335

Meet Barbara Huson

When a devastating financial crisis rocked her world, Barbara Huson knew she had to get smart about money… and she did. Now, she wants to empower every women to take charge of their money and take charge of their lives! She’s doing just that with her best-selling books, life changing retreats and private financial coaching.

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