By; Tia Ross & Kris Miller, Contributing Writers
Experts Tia Ross and Kris Miller Share How Women Can Avoid the Gender Bias & Shift Their Legacy
It’s 2018 and we women are empowered, strong, and educated, yet there’s much more to do for gender equality. Confronting the female financial blind spot is the next step in the revolution. The conversation about the financial gender bias usually focuses income inequality, but another kind of discrimination has flown largely under the radar: It’s how we talk to our kids about money and the resulting blind spots women develop because of this.
Over the past few decades, huge demographic shifts have reshaped the American family. Women today are the chief breadwinners and decision-makers for their families, yet many of us were accidentally deprived a financial education as kids. I know I was.
In my community and culture, girls were only taught to be financially reliable. I watched the women in my life do whatever they had to do to put food on the table and a roof over our heads. While this is to be commended, it is also unfortunate. Not only does fail to provide fundamental lessons about planning and goal setting, (which our brothers learned through entrepreneurial endeavors like their paper route,) it also teaches women to stifle their dreams. So, when Kris Miller, my genius business partner, came into my life I began to realize there was a whole different world of knowledge when it comes to money. It is now my personal mission to break the chain of poverty in the lives of my family members and the communities I work in.
The structure of a family’s income has changed dramatically, so the way we teach girls about money needs to change too. This starts by having the missing conversations with their mothers. Women can avoid the gender bias by filling in the gaps for themselves.
Here is what you need to know:
1. Don’t confuse material possessions with wealth. Your worth is not your wealth!
2. Distinguish between want and needs. Truly look at what you are spending emotionally vs. essential needs.
3. Learn and appreciate compound interest and don’t get caught in the financial mistakes that people frequently make, such as under-saving and over-borrowing.
Remember to have real conversations with your daughters. Show them all you do to create wealth for your family. You are doing them a favor when you include them in the conversation of creating wealth and managing it for the family.
Empower our girls for success!
ABOUT TIA ROSS & KRIS MILLER:
Tia Ross, (a best-selling author and speaker) and Kris Miller (a Legacy wealth strategist,) are activists for women’s financial rights and the founders of Legacy Shifters. Through their company, they empower women to change their families’ financial realities and create incomes they will never outlive.
For more information visit: www.legacyshifters.com