Women need more wealth in the world. Period!
Why? Because when we have wealth, we use it to change the world.
When we have wealth, we buy things in alignment with our values, determining demand. We literally change what is valued!
When we have wealth, we care for our community and not just ourselves. I could go on and on, but I feel you get the picture.
Let’s talk about the facts. Here are just a few statistics:
- Only 12% of women-owned businesses are making more than $100k a year – and that is in revenue, not salary
- Due to pay gaps, women on average lose $900k over a 40-year career cycle
- Only 37 of the CEOs on the Fortune 500 list are women, and 0 are Black, Latina or Indigenous.
- Companies run by women received 2.7% of all venture capital funding in 2019 – an all-time “high”
- 5x more women than men live paycheck to paycheck without an emergency fund, and many of those women are primary caregivers to children or family
- Women are 80% more likely to be impoverished in retirement
- Women are better managers, more successful investors, more likely to repay loans and more likely to give to nonprofits
- Women are also more likely to invest in their communities and to lift others up
Clearly, we have a wealth disparity between women and men, and it is impacting women at every stage of their lives.
So what do we do about it?
I believe we must start by recognizing that this wealth disparity is systemic.
It is literally built into our political systems, our cultural values, our businesses, our churches, and on and on we go.
This is important to recognize because women, as part of this system, are taught to internalize all of these problems and blame themselves. We are taught that we aren’t working hard enough to achieve wealth. That we aren’t smart enough. That we aren’t good enough. That we aren’t being competitive enough. If we just did x, y, z…into infinity, we would achieve everything we wanted.
But systemic means that this dynamic is reinforced everywhere. It is insidious, and that means we have to be aware of it! It lurks in every system we encounter in the world & in our subconscious. We have internalized many of the world’s beliefs about our wealth and worthiness. This includes our culture’s beliefs, our parents’ beliefs and our partners’ beliefs too.
Separating this systemic messaging from our true selves is challenging. It can be difficult to figure out where the indoctrination ends and your true wisdom begins, but this is the work we have to do.
Acknowledging systems of injustice does not mean you are being a victim. It means you are working to separate fact from fiction. You are not solely responsible for your challenges creating wealth. The system is set up to move you towards this disparity.
You have to swim upstream (or step out of the water altogether) to create everything you want.
Acknowledging the systemic wealth disparity is the first step. It means we stop over-owning our responsibility and clearly see the obstacles in our way.
But just because there are obstacles, that does not mean we are helpless! The internal work is the next crucial step.
Changing our relationship to wealth & money changes our ability to navigate outside systems effectively.
Shifting the way we view money, wealth & our worthiness shifts our experience with the systems that are forced upon us.
What we encounter on the outside is not our responsibility, but what we have internalized is. Whatever is housed inside of us, is under our control to change.
And this is a good thing!
Every time we shame ourselves about money (whether it is about what we spend, what we make, what we don’t make, etc.), we tie our worthiness to money. We view ourselves as unworthy because of our financial circumstances.
But the truth is, YOU ARE WORTHY JUST BY BREATHING!
No set of circumstances determines your worth, financial or otherwise. None. Nada. Zero.
Money & wealth, or lack thereof, has nothing to do with your worthiness. Imagine if you really understood this deep down?
How much more energy would you have to create?
What decisions would you make from a place of worthiness instead of from shame spirals?
What would you give yourself, instead of constantly forcing yourself to give to others?
How much more would you charge for your services or demand for your position?
How much more money would you demand for ALL of your labor (emotional, domestic, unseen)?
How many more boundaries would you set?
What do you think the above decisions have to do with building wealth? Everything!
Recognizing our worth is a key component to creating more wealth.
This is why reconnecting with and really integrating our worthiness is the foundation of my programs.
If you need to start with the worthy work, check my transformational coaching programs.
And if you missed my podcast episodes on Wealth, Worthy & Women, start here.