Category: Female financial mindset
The end of a year is typically a time for retrospectives and reflections on the twelve months past, lessons learned, as well as a re-commitment to the things that matter most. I was reminded of these topics myself after a conversation with a much-valued mentor recently.
We have written extensively on this blog about the many ways in which the financial services industry either actively or by omission leaves opportunities on the table to help women manage money better. But there’s a more pernicious enemy to women’s financial progress – themselves. What is surprising is that women also contribute to their own financial problems by subtly sabotaging their interests in at least 7 ways:
Continue reading “The Seven Signs of Financial Self-sabotage”
The answers to this age-old question range from the philosophical and comedic to the merely banal. Few offer new insight and even fewer back up those insights with solid facts. Every now and then, a refreshing exception breaks through the clutter.
The Boston Consulting Group conducted an extensive and comprehensive survey across the globe covering 12,000 women across 21 countries spanning diverse socioeconomic classes to get a definitive answer to this question – at least as far as commercial goods go. The results were published in a compelling and engaging book, “Women want more“, by Michael J. Silverstein and Kate Sayre, both of The Boston Consulting Group. The book covers not only financial services, but a multitude of products and services including healthcare, food, apparel, fitness and beauty.
Ever wonder why women love “retail therapy”? I have. I’m not a big shopper, and yet I find myself drawn to a well-laid out retail store just for stress relief and some visual treats of rows upon rows of neatly arranged stuff to rest my eyes on. Regardless of whether I buy or not, I always leave feeling better: about myself, my future and the world in general.
Continue reading “The Magic of Retail Therapy- Five Lessons from Retail for Financial Services”
In the course of my work I come across a lot of research into the topics I care about: money, women and innovation. While many of the pieces are outstanding in terms of the diligence, few make me sit up for the sheer breadth and fresh insight they bring into a better understanding of an old problem. I recently ran across a research piece that had precisely this effect.
Continue reading “Decoding the Female Financial Mind for Fun and Profit”