Jean Chatzky on Women with Money
NBC’s TODAY show financial expert Jean Chatzky joins us to talk about her new book, Women with Money. This show is made possible by FinancialFreedomTool.com.
Today’s show is part of our special podcast series for Money Smart Week – coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. Learn more at MoneySmartWeek.org.
Today, on The BIGG Success Show, we were thrilled to talk with Jean Chatsky. She’s NBC’s TODAY Show financial expert, the owner of HerMoney Media at HerMoney.com, co-host of the HerMoney podcast, a New York Times and Wall Street Journal best-selling author, and the list goes on.
Jean joins us today to talk about her latest book, Women with Money: The Judgment- Free Guide to Creating the Joyful, Less Stressed, Purposeful (and, Yes, Rich) Life You Deserve*. Here’s a summary of our discussion…
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What was your biggest takeaway from hosting HerMoney Happy Hours?
Jean says she learned that, because there is no place to talk about money, women are thirsting to start doing it. These conversations are empowering.
We’re taught NOT to talk about money? Is that bad?
Jean says it’s a bad thing – because money is a life skill.
The two of us love this point!
She adds: Money is not just a financial skill. It’s not just a part of your life. It’s not something you can just deal with it when you want. You must deal with money every day.
We’re more responsible for our money than ever before. Women have more financial power than ever. And the trend will only continue.
Jean continues: If women don’t talk about it, we’re likely not managing it to the best of our abilities – whether we have $1,000 or $100,000 or $1,000,000.
What do women gain by talking to each other about money? Listen to the show to hear Jean’s answer. Simply click the PLAY button above.
What is the difference between how women and men approach money?
Jean says that women approach money knowing what they want in tangible goals. Money is simply a tool to get those things. Men just want more. It’s a never-ending event. Women have the potential to be more satisfied.
Are you an investor? Jean says a lot of women don’t realize they are. Hear why by listening to the show. Just click the PLAY button above.
How does your money story from childhood affect you as an adult?
Jean explains that your money story – or money script – is NOT what you were taught about money by your parents or teachers. Your money story is the atmosphere in the house where you grew up.
Did you feel there was plenty of money? Or did you witness parents frequently arguing over money? She says we often push these memories down, but they impact how you think about freedom, stability, security, and enough.
Unknowingly, they affect how you run your life and your finances day to day. Some people behave just like their parents. Other take a complete 180 and do the opposite of their parents.
She adds: You need to understand where you came from in order to understand yourself.
How do you know if you are an under-earner?
By under-earner, Jean says she’s not thinking of people who work part-time on purpose, so they can spend more time with their kids. Or someone who has scaled back their hours so they could spend more time volunteering.
Under-earners are people who could be earning more if they asked for a raise or got a different job. Or someone who is self-employed and needs to increase their rates.
What does it hurt to ask? Do your research. Check Glassdoor, PayScale, and Salary.com. Figure out what you’re supposed to make in your job.
What keeps women from going after what they’re worth? Listen to the show to discover the answer. Click the PLAY button above.
This Podcast Series Sponsored by: FinancialFreedomTool.com
Do you stress over money? Who doesn’t? Let the Financial Freedom Tool ease your mind by pinpointing opportunities to improve your financial picture. Take control, so you feel empowered to move ahead with confidence and clarity. Learn more at FinancialFreedomTool.com.
Should you feel guilty about spending? Or should we enjoy it?
Jean devotes a chapter in her book to the joy of spending. You don’t hear that from many money experts!
Her defense? She says that we work because there are things we want to do or want to have. You don’t need to feel guilty about it.
As long as…she adds – your spending does NOT sabotage your current or future life. But spend consciously. Otherwise, you develop daily habits which add up to a lot of money. Pause to reflect on what the money you spend – on recurring expenditures or major purchases – could do for you if spent differently. It leads to BIGG success!
We’re fans of Jean’s so it’s no surprise we feel she has another winner here. Learn more about her book at WomenWithMoneyBook.com. We highly recommend it to you!
Join us next time to hear personal money master and nine-times best-selling author David Bach tell us how to start living rich now.
Here’s to your BIGG success!
George “The Professor” & Mary-Lynn
Co-Founders, BIGG Success
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