Some women just have it going on when it comes to being really money smart.
Often they ooze self-confidence, have genuine financial independence and have built their own wealth from a very low base.
So what does it take to get there? We look at some of the qualities shared by money smart women and how you can join them:
Push beyond your comfort zone
People generally want to stay in their comfort zone.
Stepping outside a comfort zone is how you will grow as a connoisseur of money and become a money smart woman.
There is always room to grow, and I encourage you to keep pushing yourself as a female to learn more about managing your cash flow, investing, and related subjects.
On a related note, do not let past experiences with money hold you back.
Don’t shrink away. Instead, learn from these situations and apply this wisdom to your current and future financial activities to make better choices.
Have the courage to push beyond your comfort zone. As Anais Nin says: “Life shrinks or expands in proportion to one’s courage.”
Recognise you’re part of a network
Money smart women understand they do not and cannot accumulate wealth in a vacuum.
Stop touting the mantra that you alone can get things done as it simply is not true.
Building wealth comes about by helping others, creating value and playing a productive role within a network.
Developing a network is an important habit for any woman to be successful in the area of money.
Remember “your network is part of your net worth”. Nurturing your network is an important wealth creation activity.
Ask quality questions
“The quality of your life improves in direct proportion of the quality of questions you ask,” as per the self-made millionaire Tony Robbins.
This is because you will have a higher train of thought, which helps you be curious, interested, and ready to learn more about money matters.
The more you seek out information, which you can get by asking good questions to experts, including financial coaches like myself, the more you learn.
If you have been mentally stuck, you are likely going to get free to advance by learning additional ways to solve the existing issue.
And by the way, don’t be afraid to ask “why.’ That alone will give you insights into so many things…why you do what you do, why others do what they do.
Asking “why” also works as a challenge to your thinking or others thinking which has the wonderful effect of allow you to reframe beliefs that may not serve you.
Follow their intuition
Money smart women listen and trust their intuition. This is their edge. Intuition is the ability to know something directly without analytic reasoning, bridging the gap between the conscious and non-conscious parts of our mind, and also between instinct and reason.
The unconscious mind is like a sponge – it absorbs all information and lessons that you have come across your entire life and integrates this information into a body of innate knowledge.
Don’t fight it, work with it. Trust it. Money smart women are in tune with their true feelings and intuition rather than overthinking things.
The result is that they walk on a steadier path based on what they instinctively know, based on life experiences and observations.
Trusting your intuition in matters concerning money will help you to make better choices. Your intuition will tell you who to trust, what information to trust, when to act and when to fold.
Ingrid Bergman once said: “You must train your intuition – you must trust the small voice inside you which tells you exactly what to say, what to decide.”
Think outside the box
Money smart women do not follow “common thinking”. Rather they step away and look at things from various angles.
Stepping away from the herd is where they find trends and opportunities. Combining various forms of thinking such as big picture thinking, contrarian
thinking, bottom line thinking, etc. is what I call “money muse thinking.”
It helps you stay outside the box. It helps you become money smart.
Eleanor Roosevelt understood this concept when she repeated the famous quote: “Well-behaved women rarely make history.”
See opportunities everywhere
Money smart women see opportunities everywhere. So they do not easily fall into a victim role when things don’t quite work out. They say to themselves “opportunities are like buses – there is always another one around the corner” and they powerfully move on.
So What Now? My Advice To You
A money smart woman is financially stable and lives life with less money-related worry or stress.
She lives a strong, inspired life. Just being a high earner is not enough to make you money smart.