One of the main reasons women have trouble with their financial success is because they believe certain things about money that aren’t true. This is called a misconception, and it’s an inevitable step in the money journey for anyone.
We’re all taught that money is the root of all evil, and that if we talk about it or ask for it, we’re going to be labeled as greedy.
Let’s be real: money isn’t evil. Money is just an idea—a concept that we’ve assigned value to because it makes our lives easier. Money is a tool for exchanging goods and services. And there are plenty of good reasons for women to have money!
So what are some common misconceptions about money? Let’s take a look:
1. Women shouldn’t care about money
This misconception goes hand-in-hand with the idea that talking about finances or requesting more money from your employer makes you greedy. It doesn’t—it’s just like asking your boss for more vacation days: you deserve it!
2. Women shouldn’t make more than their partners.
While it’s true that most people feel most comfortable with traditional gender roles (ie: men providing the income while women stay at home), it doesn’t mean that you have to abide by these roles yourself! If you want to earn more than your partner, or if they want you to
3. Women can’t handle money (and therefore shouldn’t be responsible for it).
In reality, women are just as capable of managing their own finances as men are—however they choose to do so fits into their life goals and values. There is no one-size-fits-all approach to financial planning, and no one way to run your finances—and that includes whether or not you should be handling them yourself at all! The important thing is that women understand how money works so they can make informed decisions about how they want to manage their own finances.
4. The more you earn, the happier you’ll be.
This one is just not true! Sure, more money could mean more comfort and security, but it doesn’t necessarily mean you’ll be happier. In fact, studies have shown that once your basic needs are met (like food and shelter), extra income doesn’t make a difference in how happy people feel overall (and neither does losing it). So don’t feel bad if you’re not making as much money as your friends or coworkers—it doesn’t mean anything about your value or worth as a person!
5. Women don’t like talking about money.
We know this is a tough one, but hear us out: women can talk endlessly about money without ever mentioning a single dollar amount. We’ll discuss clothes and vacations and houses, but never mention how much they cost or how much credit card debt we have—because those things aren’t important! They’re just details!
6. Women are less interested in money than men.
Not true! Women actually have more financial ambitions than men, but they’re more likely to blame themselves when their investments don’t pan out. A recent study found that when women lose money on the stock market, they attribute it to themselves; when men lose money, they blame external factors like bad luck or poor timing.
7. Women can’t be good at math.
Again, not true! Studies show that women actually outperform men in math classes. The problem isn’t that women aren’t good at math—it’s that they tend to shy away from it because they fear being labeled as “nerds.” The solution? Make sure that girls know that being smart means you can do anything you want with your life—not just become a doctor or engineer!
When it comes to discussing money, there are a lot of perpetuated myths and misconceptions that can be harmful to your financial health. I hope that by shedding some light on these myths, we can all make better and more informed decisions that will lead to a more stable future for ourselves.
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