Do you know how money works? Ben Steverman at BusinessWeek claims that Americans are functionally illiterate. Are you one of those Americans?
1) Do you have personal credit-card debt greater than one month’s salary?
2) Is your house payment (or your rent) more than 30% of your monthly income?
3) Do you have a savings account? Does it have a 6-month cushion?
4) Do you understand the concept of compound interest?
5) Do you know what your predicted lifespan is?
Three years ago, my answers to those questions would have put me in financial kindergarten. It was a sad way to live, with lots of middle-of-the-night hyperventilating. But thanks to a lot of hard work, some smart decisions, and the help of the Biz Diva, I got financially literate.
And can I just say how really really grateful I was when the economy tanked right after I quit my job and my husband was laid off? Because I wasn’t all that worried. Financial literacy gave me time.
My problem wasn’t so much that I didn’t know what I should have been doing. It was that I didn’t want to look at what I really had been doing. I wanted to keep my head in the sand. It’s the way I’d always dealt with money; it wasn’t so bad. There was a lot of anxiety and that sick feeling I’d get if I saw a quiz like the one above (6 months cushion in my savings account? How could that ever happen? Especially when I had 6 months worth of credit card debt?). Oh, and the worst? “Have you saved enough for retirement?”
Let me tell you what a great feeling it is to look at those quizzes now!
If you find yourself in that same bind, I recommend you call the Biz Diva at her new number right away: (707) 665-5410.
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This post was submitted anonymously.
If you’re anything like some entrepreneuresses I know, you may have been putting off some of the hard work of managing your business ’til September. These lazy days of summer may be affecting your motivation…
But! The Biz Diva is ready to help you get that magic back. She’s everywhere in the next month, assuring that you can find the perfect time, place, and focus for you!
August 29 in San Francisco, she’s on a panel for Powerful Women International: Your Vision, Your Dream: Uncover Your Power to Success!
• Re-ignite passion for your purpose!
• Create a value-centered strategy for your business
• Uncover hidden barriers to success
• Maximize your website with more qualifiable hits
• Effectively utilize social networking
Get the details here.
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September 15th, the Biz Diva brings one of her most exciting talks to the Petaluma Area Chamber of Commerce for breakfast: 10 Steps to Creating & Maintaining a Million-Dollar Business
(from their flyer) Cynthia Riggs specializes in taking women to the next level of business success. See how she can help turn your company into a million-dollar business. Her expertise is giving women the tools to maximize their business profitability. Those that attend this seminar are guaranteed to get inspired, get perspective, and get specifics!
More details here.
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September 30, Santa Rosa, for one of her famous 8-hour workshops: Make Your Next Step the Right Step
You’ve had enough business philosophy. Now it’s time to take action. The Biz Diva’s exclusive One Page Business Plan® Program has proven to be incredibly effective for all types of businesses and all levels of development.
In the 8-hour interactive workshop, Cynthia Riggs will guide you through the creation of a one year action plan filled with specific, tangible steps to help take your business to the next level.
Here’s the flyer with all the info.
