Tag: Capstone Wealth Advisors

Charting A Financial Course For Women

As the title states, I am talking about a financial guide for women. It’s mind boggling that women today take financial planning and put it in a drawer; maybe a closet; under the rug. You would be amazed. It’s not something that they really are at the helm of.

Why is that?

We’re dominating in so many ways. We’re educating ourselves further than men. We are definitely dominating marketplace, where we’re starting more businesses. We’re providing for our families – sometimes, THE provider. We’re becoming a lot more influential in top leadership positions, such as CEOs. According to statistics from UBS, a financial planning firm. 85 percent of women today manage the expenses of their household, whether they’re married or single. It’s just the woman takes that on. Only 23 percent take the lead when it comes to long-term financial planning.

What should you do?

First, you’ve got to manage your own money. If you have a confidence issue with money, or you hate money, or you don’t want to face it, or you just don’t want to deal with it, then picture your life over the next five, 10, and 15 years without money and a plan. What is it going to look like? What are you going to look like when you don’t have the ability to work, or you’re staring at retirement?

It’s a long journey – maybe as long as 40 years. Life is too short, and it’s meant to be enjoyed. Chances are, you will have to work, so make it worth all the time and effort that you do. You can either live in control of your financial path, or you can be controlled by it. I would suggest choose wisely and determine how you are going to chart your course to some financial freedom where you can enjoy life on your terms.

Joining me on this podcast as well is Helen Colon, with Capstone Wealth Advisors. I met Helen through NAWBO Columbus, which is the National Association of Women Business Owners. She has an amazing career and background, and her passion, along with her New York sass, are what sets her apart.

As Helen states:

“Financial planning is a relationship with the client. I take great pride in developing a team effect around my clients, as you know. I bring in the CPA for the tax strategies. I bring in the estate attorney for legacy planning, multi-generational planning. Those women that come to me realize that they find value in being- they feel safe. They feel they have their team around them so they can go on and do what they need to do.

She continues:

“Financial planning doesn’t just involve investments. We look at risk protection, long-term care. I work with a CPA, with tax strategies, things of that nature. I had a client come to me, as you know, several years ago that wanted help with financial planning. Her fear was that she was going to live in her daughter’s basement if she didn’t plan properly. Well, I can tell you, as of today, that will never happen.”

This is THE podcast that advances women toward economic, social and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Insights page at Brady Ware and Company.

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