Plus tips from dominatrixes, the important M.U.G. formula and more
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We Don’t Run the World … Yet. But Women are Making Strides
We’re catching up. From our 19th Century suffragette sisters fighting for the basic right to vote, to the current groundswell of support for pro-women initiatives like the Women’s March, the Lean In movement, and #MeToo, there’s no question the future is female.
Even though we’ve still got a lot of ground to cover, we’ve come a long way in the workforce, ladies. In honor of International Women’s Day on March 8, 2020, we checked in on the state of women in the world and gathered some facts and figures to give you the good kind of feels about how much we’ve accomplished so far.
Market Whiplash and the Fed’s Sudden Rate Cut: What It All Means for You
On March 3, the Federal Reserve cut interest rates by a half percentage point in a move that took place outside of the regularly scheduled committee meeting where rate decisions are usually made. Why? In a word, coronavirus.
Slashing rates is an economy-boosting move, and in this instance it was a response to the risk the coronavirus poses to economic activity because of changes in consumer behavior. It was hard to miss headlines about the stock market’s extreme mood swings this week.
But what does all the activity mean for you? While the headlines about the toll Covid-19 (aka coronavirus) are enough to set your stomach (and your 401(k), IRA and 529 college savings accounts) on edge, the best response is a tempered one. As Jean writes this week, what you do — if anything — should be dictated by how you answer these five key questions.
Plus:
What We Can Learn from Dominatrixes
In this week’s HerMoney Podcast* we cover a familiar topic (women and power) from an unusual perspective: Women who take on a dominant role in their work as professional "mistresses."
This week’s guest Lindsay Goldwert is the author of the new book, "Bow Down: Lessons From Dominatrixes On How To Get Everything You Want." In her book, she explores all aspects of control, and what it means to have more of it in your life. "No one springs from the womb as an alpha woman who walks into any room and owns it, who doesn’t care what people think, who doesn’t need anyone to tell her what’s right," Lindsay says.
Jean and Lindsay talk about ways to embrace our more assertive side, the differences between being assertive and aggressive, and "in control" versus "controlling." It’s a crash course on the benefits of authoritatively taking charge of your life.
In Mailbag Jean and Kathryn weigh in on a listener’s next career move after her request for a raise and title change was ignored. And in Thrive Jean dishes about avoiding the temptation to overspend when using those oh-so-convenient mobile payment apps.
6 Incredible Charities that Support Women
We celebrate female independence every single day. But during the month of March, as we pause to pay tribute to all the ladies who came before us, we want to highlight a handful of charities focused on preparing a new generation of game-changing women enter the workforce and build their empires.
From providing pro-bono financial advice to lining up internships to funding female-led businesses, here’s how to get involved.
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HerMoney Picks
What’s Your M.U.G.? A Shortcut Calculation to Figure Out How Much You’ll Need for Retirement**
A new study from the Alliance for Lifetime Income** shows that retirement may not bring as much of an ability to play fast-and-loose with your finances as you’d think. This makes calculating your minimum retirement paycheck — the amount your savings and investments will cover — an even more critical step in preparing for post-work life.
Now there’s an easier way to do the math, starting with your essential, must-pay, no-compromise expenses — aka your M.U.G., an acronym that stands for Mortgage, Utilities and Groceries. From there Jean spells out how to adjust your numbers to incorporate the latest thinking on retirement planning needs.
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*This is a sponsored podcast, and it’s a part of a paid campaign with Fidelity Investments, which means we were compensated for this piece of educational content.
**This is a sponsored podcast, and it’s a part of a paid campaign with the Alliance for Lifetime Income, which means we were compensated for this piece of educational content. Thanks!
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