Britt Williams Baker, co-founder of Dow Janes, discusses finance for women vs. men, value-aligned investing, financial stereotypes, and getting less financially interested spouses involved. Topics include starting financial management at any age, consciousness in spending and investment strategies, empowering women through financial knowledge, and joint financial planning for couples.
Emotional aspects of money management are important for women.
Financial literacy for women can be improved through values-aligned budgeting and negotiation skills.
Deep dives
Unique Aspects of Women in Finances
Women may have unique financial needs due to living longer and having longer retirements, emphasizing the importance of saving more. Women might be more attuned to the emotional aspects of money management and may benefit from understanding their money roots to improve their financial approach.
Starting a Financial Education Company
Britt Williams Baker's financial education company, Dow Jones, started as a living room women's investing club, teaching peers about diversification, asset allocation, and stock market investing. It later evolved into online courses and coaching with a focus on values-aligned budgeting.
Overcoming Financial Literacy Challenges for Women
Challenges faced by women in gaining financial literacy include lack of early education about money, learning best in community settings, and limited relatable financial mentors. Dow Jones aims to make personal finance approachable and enjoyable for women to enhance financial literacy.
Gender Differences in Financial Negotiation
Women may face challenges in financial negotiation due to societal expectations and lack of education in this area. Teaching negotiation skills can empower women to become effective negotiators and overcome stereotypes, fostering financial independence.
Empowering Late Starters in Financial Planning
It's never too late to start financial planning, even in the 40s, 50s, or 60s. Late starters may need to save more, invest wisely, and consider working longer to secure their financial future. Understanding the opportunities and options available at any age can help build financial confidence and stability.
Today we are talking with Britt Williams Baker, co-founder of Dow Janes. We explore the question of if there is a difference in finances for women vs. men. We discuss value aligned investing, what some financial stereotypes might be, how to get a less financially interested spouse involved to name just a few of the many topics.
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