Financial Symmetry: Balancing Today with Retirement
Business:Investing
Working moms face a difficult balance. People often feel that most women have a choice whether to work outside the home, but the reality is, 65% of families need both parents to work. Women in the workforce is a family issue, not simply a women’s issue, so this episode is useful for more than just women. Allison and Grace join us again to dive into the topics of gender bias, women in the workforce, and they provide helpful strategies and resources to help anyone that is struggling with how to balance it all.
Women face both internal and external gender biasStudies have found that as women achieve more success in the workplace they lose their likeability. This can make it a challenge for women who want to chase success. Even directly out of college women seem to start out behind men as they begin their careers. Only 7% of women negotiate their first salary whereas 57% of men do. Men are often rewarded for their drive and ambition while those same traits in women are considered self-serving and greedy. In Sheryl Sandberg’s book Lean In, she gives useful advice on how to make the most of your career and motherhood. Discover how to overcome your own gender bias on this episode of Financial Symmetry.
What is truly essential to you?Working moms aren’t the only ones that seek the perfect work-life balance. But is work-life balance a myth? One way to bring more balance into your life is to consider what is truly essential to you. Once you give yourself permission to stop trying to do it all then you can make your highest contribution to the things that really matter. The book Essentialism by Greg McKeown inspires readers to prioritize what they really need. This book can help you reconsider what is essential in your life. How can you reconsider what is important to you? Listen to this episode to hear more about this book and other resources for working moms.
How do successful women spend their time?Some people seem to be so great at managing their time. What Laura Vanderkam discovered is that when you focus on what matters to you then you will make time for what you want. She emphasizes that time is elastic and you can stretch it to get what you need out of life if you prioritize what is important to you. We are all given the same amount of time in a week, it’s how we use our time that counts. Successful women get paid for the quality of work that they do, not the hours that they put in. How do you prioritize your schedule and make time for what you really want?
Discover resources for working momsAs you come back to work after having a child your life changes immensely while that of your husband doesn’t change much at all. Even though men often take time off of work, they are not faced with the same kinds of difficult decisions that women face. When returning to work you have to consider how much you will miss your kids when you go back. You have to decide whether you should you stop your career and stay at home or continue to work. Those that normally cheer you on now question all of your decisions. Listen to this episode of Financial Symmetry to find some fantastic resources for working moms.
Outline of This Episode [3:49] There are gender biases both internally and externally [12:45] What is essential to you? [17:12] How do you strike a balance with your spouse? [23:50] Can you achieve more by doing less? [30:10] How do successful women make the most of their time? Resources & People Mentioned Episode 51: Financial Savvy for Women BOOK - Lean In by Sheryl Sandberg BOOK - My Mother My Mentor by Pamela Lenehan-- for the guilt complex BOOK - Bossy Pants by Tina Fey -- for comic relief BOOK - Essentialism by Greg McKeown BOOK - Getting to 50-50 by Sharon Meers TV SHOW - Big Little Lies BOOK - Porn For Womenby Susan Anderson -- for comic relief BOOK - Drop the Ball by Tiffany Dufu BOOK - I Know How She Does Itby Laura Vanderkam TED TALK -Laura Vanderkam How to Gain Control of Your Free Time Connect with Grace and Allison Email Grace Kvantas Email Allison Berger Connect With Chad and Mike https://www.financialsymmetry.com/podcast-archive/ Connect on Twitter @csmithraleigh@TeamFSINC Follow Financial Symmetry on Facebook Subscribe To This PodcastApple Podcasts Stitcher Google Play
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