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Sure didn’t seem like financial independence
$12 a month… all I got for allowance.
If I wanted to buy more than one cute shirt from the clearance rack, when I went to the mall with my girlfriend, I had to earn and pay for it myself.
I was 11 when I started babysitting, complete with a kid kit, an idea borrowed from The Babysitters Club.
And got my first real job at Zuka Juice 2 months after turning 16. Before I left, I could make a smoothie start to finish in under a minute, without any chunks of frozen fruit.
How you can impact your family’s finances and future as the woman of the home.
This necessity and desire for financial independence served me well after I got married, as I provided for my family and put my husband through school.
I’ve worked 13 hour days, nights and weekends. Drove 22k miles a year to interpreting jobs all over the metro area.
Looked for the best deals. Spent money only on necessities. Lived in a cheap apartment.
Didn’t ask our parents for help, it never entered my mind as an option. I always found a way, with God’s provision to make it work.
Over the weekend, I finished reading The Millionaire Woman Next Door.
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All my frugal habits born from a $12 allowance,
When I felt less than because I didn’t have money to spend.
Had to put blinders to the houses, cars and vacations friends were buying in order to prioritize survival and paying cash for school.
Kept showing up as characteristics of the women profiled inside this book.
Women who had often started from nothing and became a millionaire through hard work, living below their means and paying attention to their financial situations.
7 brilliant and simple money habits women need to start today to create financial independence
It doesn’t matter what anyone thinks
Nondescript houses in a regular neighborhood. Careers that weren’t glamorous. Clothes and vehicles weren’t flashy.
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They don’t look for approval from others.
Instead, the everyday millionaire woman desired to obtain financial independence, where she doesn’t have to worry about money or be a burden to her family, and she has the means to be generous.
Isn’t that what we all want?
Inside my monthly coaching group Money Builders Inner Circle I show you how you can develop confidence with handling money.
How to get on a plan that you can stick to, and transform your finances so you can have the freedom to make an impact on your families and communities, all with a Biblical perspective.
How you can impact your family’s finances and future as the woman of the home
Didn’t start out wealthy
Two types of women were contrasted, those who had loving, supportive families who encouraged their daughters to become financially independent.
And those who had major family dysfunction, lack of support, and poor financial habits to overcome.
Related: Simple tools and resources to help you overcome money struggles and gain financial peace
Grit and perseverance in learning how to handle money wisely were characteristics both types of women had.
They all realized they had the power to change their financial situation for the better, refused to settle for simply existing, rolled up their sleeves and went to work.
Money management is a skill they all learned and improved. Not a single one was born with those skills.
Even though I’ve learned a lot since the early days when all things money used to cause me to panic, afraid of failing, self-doubt will still creep up and whisper, ‘why aren’t you further along, do you really know what you’re talking about?’
Reading how these women overcame such doubts and persevered to figure out how to handle money wisely and cause it to grow substantially set my anxious thoughts at ease.
I’m right where I need to be, debt free and saving for my 3 month emergency fund. Then it’s time to learn about investing. It’s a marathon, not a sprint.
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Check out my review of these products hereCultivate wealth
Spend less than you make was not the only motto these millionaire women shared, but cultivate wealth.
Investing in mutual funds, their own business, or property - ways to have their money work for them and continue to grow without the need for additional time spent working, become tools to cultivate wealth.
Cultivating wealth is definitely an area that I need to grow in. I’ve invested in my husband’s career and we’re saving up our 3 month emergency fund now.
It will be fun to learn about investing and watching the money grow.
Generosity
All of the women inside Millionaire Woman Next Door gave substantially more money to charity and family than their male counterparts and at a much higher rate than the average American.
You can get the Millionaire Woman Next Door book here.
I want to be outrageously generous, to pre-pay a struggling mama’s light bill for the year, to buy a car for someone, to tip a waitress $1,000 just to start off with.
And that’s one of the reasons I stay on a budget and live on less than I make. So that I can have funds to give when there’s an opportunity.
Related: Books I read in 2018
Many of the women inside Millionaire Woman Next Door were business owners, stay-at-home moms, and incredible employees.
They all completely changed their family’s financial situation simply by living frugally, working hard, paying attention to their finances, and planning for the future.
These women were focused on creating financial independence and had incredible satisfaction with life.
And here’s the deal. Every single woman described in the book developed skills on frugality and handling money wisely.
How to create financial success and independence as a woman: 7 brilliant habits to start today
Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!
