Women who left the workforce during the pandemic need to align their time and money with their core values to gain financial empowerment, according to Shari Greco Reiches, wealth manager and behavioral finance expert.
“While investment performance is important, it’s rarely top of mind for women,” says Reiches. “I know of their heartbreaks and struggles, the triumphs and challenges of their kids, the frustrations of their jobs, the highs and lows of their relationships, their hopes for the future. Women can use these insights to make smart, thoughtful financial decisions and plans.”
Reiches addresses this in her new book, Maximize Your Return on Life: Invest Your Time and Money in What You Value Most (Windy City Publishers, August 2, 2021). A highly sought-after speaker, she is co-founder of a wealth management firm with over $700 million under management. Fortune honored Reiches in their 2020 Women and Wealth section.
In her book, Reiches focuses on some important themes for financial stability:
How to align your lifestyle with your core values
● Financial strategies for women who left the workforce due to COVID
● How the same skills women use to build friendships can make them good investors
● How to financially and emotionally plan for your next chapter
● The importance of delayed gratification for future planning
● Not your grandma’s retirement: Thoughtful planning for the new generation
● 3 questions about money that dig deep into your feelings about it—and how this impacts your financial decisions
● How to make positive financial change by looking at your childhood memories of money
● The big purchase: Should you feel guilty?
● Creating a budget using the 50/30/20 rule
● The key to financial happiness: Spending less than you have coming in
● The 7 non-negotiable tips to multiply your money
● Creating your cash reserves: ways to help you access cash in an emergency
● 8-week challenge for the 8 must-complete items that will maximize your returns on investing, financial planning and organizing the important parts of your life
● 401(k) advice for young adults
● Start smart money basics for college graduates and young adults
● Why investment professionals should incorporate core values into a financial plan
● Top 10 items every woman should know about her finances
● Charitable planning and legacy giving
● How investor behavior can derail a good financial plan
● Your home clutter quiz to find your biggest time and money wasters
● Three strategies to teach your children to give them a solid financial foundation
● Smart divorce: How women can financially plan to end their marriages
