Working Women's Wealth

Have you had a chance to reconcile your current (isolated) reality with the fast-paced, schedule-filled life you were living prior to lock down? It's a major transition that the whole world is having to adapt to, and much like the transition into retirement that it mirrors, it can be traumatic.

If you think about it, by the time you retire you could possibly still have a third of your life left to live. That's a lot of life. With that in mind, the question of what you would like your retirement to look like becomes pressing.

Finding something you love to do and being able to share it and give from it creates joy. Simply put: It's not too late and you're not too old!

My guest today, Maeve O'Byrne is a former CEO of a hospital foundation turned certified coach who helps retirees thrive during their transition into their third act or next chapter. She suggests using this time of lockdown as a trial for retirement. If you could do this completely differently, what would you want to do?

Are you feeling a little stuck? Uncertain of your next move?

This lockdown has had different impacts on people (particularly around work and money), and whilst it doesn't feel like there's much that can be done about anything right now, there is something that you CAN do for your money during lockdown.

Whatever your situation is, you can do a spring clean on your finances.

And no, that doesn't sound like much fun, but it is the basis of wealth. It's also a good money habit that will ensure that you are on track and conscious of your spending.

In this episode, we take you through the steps of HOW to spring clean your finances - how to categorise your spending; how to budget. After all, you spend all that time working, why not take a little bit of time to manage your money?

In the wake of this global pandemic, (and the subsequent lockdown) has your income suddenly dried up? Whether you're a freelancer who has lost work, own a business that has had to cease operations, or are an employee who has been asked to take a dramatic cut in salary, the repercussions are massive when you have had no time to prepare or slowly reduce expenses.

The knock on impact of this financial crisis to companies means that more and more of us are going to find ourselves in trouble, and because it's going to take a while for the economic situation to come right, we've put together some strategies to help guide you through this period of uncertainty.

As parts of the world go into Coronavirus lockdown, and you watch helplessly as your life gets turned upside down, how are you coping with this new normal?

Whilst both the threat of an unknown virus and that of economic uncertainty raise issues of your very survival, there is also the question of how you are going to survive the next few weeks living (and working) in such close proximity with your significant other and your children. Or maybe you're home alone...

Is anybody else feeling claustrophobic yet?

My guest today, Mary Baird-Wilcock, talks us through some practical strategies to navigate these very challenging times ahead.

Amidst the panic and chaos of both COVID-19 and an unpredictable stock market, you know a couple of things for certain – wash your hands (A LOT); and practice social distancing. But what about your money? What can you do when the market crashes?

Yes, the markets are low and the virus is coming, but the WORST thing you can do now is to panic and run.

Avoid the hysteria, and hold onto your plan. Here's what you need to do when the market crashes…

Let's talk retirement…. do you know how much money you need to have saved? More to the point, how much should you have saved by NOW?

Most people don't like to ask the questions, because they're afraid of the answers. But this particular issue is not going to go away. And the truth of it is, the sooner you face the reality, the sooner you can find a path to a solution.

Researchers have found that "one of the highest determinants of success is HOPE!" And so, despite how far behind you might feel, there is a way. And you WILL find it!

Are you content with your career choices? Or are you itching for a change? It's never too late to take a leap of faith, and as my guest today can attest to, there is no profession so exalted that you can't transition out of it.

Dr Karen Barnard, went from doctor to life coach, and in this episode we speak about the mindset that can make or break your career, the voice of the inner critic, aha moments, mitigating risks and reskilling to become proficient in a whole new skill-set.

As part of her reskilling, she did my 16 Week Side Hustle Course, and of it she says: "I can be as good a coach as I ever think I'm going to be, but if I don't know how to make a business out of it, I'm not going to make a living"

The most important money you will ever invest is that which you saved before you turned 30. But what if you didn't start then? Are you too old to achieve financial freedom? The answer is a resounding NO!

Don't resign yourself to the fact that you're stuck. Not with the job you're in, the expenses you have, or the life you're living. You have a lifetime ahead of you. Do you want to spend it living your BEST LIFE?

Here's how to fast track your financial freedom at any age…

Have you ever wanted to invest in property? Do you talk about saving and investing but haven't yet jumped in? Taking risks is scary, particularly on a budget. Hearing someone else's story sometimes makes it easier to begin your own...

My guest today, Tiffany Alexy, bought her first property at 21 (and she now owns 11!), and has since started a company that helps people buy, sell and invest in property.

Listen to this episode to hear how she did it, as well as her tips and strategies for how YOU can do it too. "It's not hard," Tiffany says "I will say it takes a lot of hard work and dedication."

Only YOU can choose to invest in your future financial freedom!

Do you spend time learning about, measuring and managing your money? Or do you (like most people) avoid it, because financial speak sounds like a foreign language to you? When it comes to money, the average time people estimate they spend on personal finances is one hour and 12 minutes a month.

And so it isn't surprising that, according to the National Treasury, 94% of people won't get to living a retirement of an even similar standard. Most people find out too late how far short they are from their goal, and consequently will have to drastically reduce the quality of their lives, or face a difficult conversation with their children (who will have to support them rather than save for their own retirement).

But, it's easily fixable.

So put aside the notion that you'll never understand money and listen to this episode for what you can do NOW to step change your finances.