Lifestyle coach, international best-selling author, high-vibin' autoimmune warrior!
Financial literacy is important for everyone, but women face unique challenges when it comes to understanding money and managing their finances. Then add in the autoimmune component and it introduces a whole new layer of complexity - a "double whammy."
I feel so strongly about helping autoimmune warrior women with their financial situations that in my first book, the Autoimmune Warrior's Healing Key, I devoted an entire chapter to "finances and money mindset," which I recorded in this video if you'd like to hear me reading the chapter.
Of course, men can have autoimmune disease too, and can struggle with their finances, but there are some specific factors impacting autoimmune warrior women:
1. The Gender Pay Gap: Women, on average, earn less than men, which means they may have less income to save and invest. When it comes to a divorce in the family, a single parent raising children is more likely to be a woman, putting even more strain on her current finances as well as retirement savings. Women need to be aware of the pay gap and its impact on their finances, and plan accordingly.
2. Longer Life Expectancy, Often With Chronic Health Issues: Women, on average, live longer than men, which means they need to save more for retirement. And women also have higher rates of autoimmune disease. Women need to be aware of their retirement needs (I help my clients determine their "financial independence number" - how much they will need saved by the time they wish to retire) and plan accordingly to ensure they have enough savings to last throughout their retirement and medical costs even if their income fluctuates due to sporadic ability to work full time.
3. Career Interruptions: Women are more likely than men to take career breaks to care for children or elderly family members. These career interruptions can impact their earning potential, retirement savings, and overall financial security. Autoimmune warrior women may also need to plan for the possibility of disability or early retirement due to their health issues / medical conditions. It's important to have a solid financial plan in place early that takes into account potential future challenges. Passive, residual income and income protection (owning your own critical illness & disability insurances) are key pieces of a smart financial strategy.
4. Lack of Confidence: Studies show that women are less confident than men when it comes to managing money. Women need to build their confidence by educating themselves about personal finance and seeking professional guidance when necessary. I don't charge my clients any service fees to work with me so please take me up on this free service! (in Canada) If you are a US citizen, I'd be happy to connect you with one of my US-based colleagues.
5. Lack of Financial Education: Many women lack basic financial education, and because of this they are more skeptical of help that is offered and they may not realize they have access to financial resources or advice. Women need to seek out financial education resources and support to improve their financial literacy. If you have wifi and a smartphone, iPad or computer, you have access to me over zoom!
This article was created in April 2023. While these factors are important to keep in mind year round, Financial Literacy Month is an excellent opportunity for autoimmune warrior women to focus on their financial health and improve their financial literacy. By educating themselves, seeking professional guidance, and planning for their financial future, women can build a solid foundation for financial security and independence despite the health concerns they face.
I am a licensed financial services advisor and wealth educator. I help educate and empower women - for free! - over zoom! - on how money works in Canada.
I will show you how to save more money, pay less tax (now and in retirement), reduce or eliminate your debt faster, protect your income, grow your net worth, and plan your legacy and estate so your loved ones are also protected and financially secure.
The wealthy have had access to this information for decades and I believe it shouldn't be kept a secret.
I have also recovered from 4 autoimmune diseases so I know first hand how devastating it feels when you're too sick to work, and feeling like there's nowhere to turn. I didn't know what I didn't know, which is why I'm so passionate about what I do now. I would be happy to meet with you over zoom at no cost to you, and with no obligation.
The more you know, the more empowered you will be and the better prepared you will be for your future. And I'm here to help.
My team is expanding across Canada and we are looking for great people who are self-driven and want to make a difference!
No formal education necessary ~ we train.
No quotas ~ No pressure.
Work from home part-time or full-time (this is commission-based with NO income caps, and you'll be building your own business in the financial services industry, with the opportunity to eventually own your own agency!)