00:00:01
Speaker 1: Super morning. This is Saraya, your personal transformation coach and founder of Supersonic Success Academy. So today we will talk about the role of women in finance. So in my recent talks, uh I came across a few women who were uh mid aged and they were, they felt like they are outdated. Uh Their kids are doing so much, their spouse is doing so much in the finance field and they have no clue. So this,
00:00:29
Speaker 1: this is a very major uh issue. And the second thing is if you are not updated on the finance part, uh your kids start taking you for granted. They think that ok, mom doesn't do anything. Your husband and family members don't take your uh suggestions during by making any financial decisions. So the major problem uh is lack of first knowledge.
00:00:56
Speaker 1: There is uh no study on finance that women can go through. Uh e either, they didn't have any resources uh during the their age of growing up.
00:01:08
Speaker 1: Third is as soon as they start speaking up, the young kids, uh what they tell us, hey mom, you just, you don't know anything about this. Don't speak in between and they just insult you or they just, uh, uh, demean you and that's so rude way and they, they have no clue what they are doing.
00:01:28
Speaker 1: Third is since morning, till night. All the TV ads we are seeing all the radio commercials. They keep telling you how to buy things, how to spend your money. But there is not a single ad that teaches you how to earn money.
00:01:44
Speaker 1: Another thing is women of this, but any age, they know everything about shopping, they know everything about gossiping and they know everything about what's going on, on the wheels and everything, but they have no clue about the finance part. So there are three main c
00:02:02
Speaker 1: degrees of age uh that I came across. So one is youth that can be taken from 18 years to 25 years. Then there is mid age women who are 26 to 40 then there are the mother's age uh or the third segment, we can take 41 to 60.
00:02:21
Speaker 1: So what are my suggestions?
00:02:24
Speaker 1: Start learning from anyone you can learn from? So the nearest resources, your own kids or your husband. So whatever he is doing in the finance section, just sit with him and with a very uh like solid intention that I will learn what he is trying to tell me. So, learn from kids uh whenever they are nearby, tell them, OK, what, what have you do? You do investing on this uh multiple
00:02:52
Speaker 1: uh financial apps. So are you working on zero or are you working on office stocks and what you are doing? How you are doing also teach me. So uh initially they will be reluctant. They will be saying like no mom, what you will
00:03:08
Speaker 1: do by learning all this, but you must be reluctant that I want to learn this and I will not stop until you teach me this. Sit with me for one hour tell this is strictly to your husband to anyone and the more reluctant you are, the more faster you will learn. Second is you can learn from youtube, uh just uh financial principles,
00:03:31
Speaker 1: top books on finance or money. Then what you can do is on youtube. You can uh type that uh give me a summary of this book. So then go through that video, see until and unless you will not learn, uh people will continue to demean you and take you for granted. But that's not what we want in this age when women are so empowered, you should not feel left behind.
00:03:56
Speaker 1: Third is uh you can just install Spotify or any other app you listen to and then listen to the podcast, search, financial podcast. So technology is right in your hands. Google everything you can search at the at your tips.
00:04:14
Speaker 1: Now, the third is you can go for some master classes. Uh So as soon as you will start going through this youtube and everything, you will come across people who are already uh leaders. So like there is a CNA Anna ma'am and there are many more people. So start learning from people who are already in authority.
00:04:35
Speaker 1: So when I came across to uh youth and what they said was they were all only talking about spending the money. OK. This is the brand that I will buy this thing from this particular brand. But when I asked them about the investing part, they had no clue what investing is how you should distribute
00:04:57
Speaker 1: for money. So here is a very basic principle that said 50 30 20 rule. So what is uh the this rule says is 50% of your money you will spend on your needs uh which are very necessary, your electricity bills or grocery whatever is very, very necessary. Your house rent, these all come under the uh 50% of your income goes should go into this approximately
00:05:26
Speaker 1: then 30% will go in your uh wants. So what you want your travel, holidays, entertainment, cinema, eating out these all come under. So approx 30% should be the budget for these things, but it should not exceed this.
00:05:43
Speaker 1: And the principle number three is the 20% that's remaining that should be your saving. Now, saving doesn't mean you should park it in your bank accounts, but it means you should learn how to invest this money, how to diversify your portfolio. And that's what you will learn through these podcasts and books.
00:06:03
Speaker 1: So that's all for today. And if you want to know more, learn more right now, I am taking 31 to 1 sessions so you can just book a call, just DM me. And if you have any queries about how to invest, how to manage money, then we can have a very hearty conversation over this. Thank you. Have a wonderful day ahead. Bye.
