Unlock the power of financial independence and shatter the myth that money management is solely a man's world with Dr. Barb Provost and Maggie Nielsen of Purse Strings. Our latest conversation is a testament to the strength and resilience of women who are ready to take charge of their financial futures. 

We dive into the heart of personal finance, addressing the unique challenges women face from career breaks to longer life expectancies, and how these can be navigated with confidence and savvy planning. Through inspiring stories and practical advice, Barb and Maggie guide us on becoming financially fearless, regardless of life's unexpected twists.

Feel the electricity of empowerment as we tackle the discomfort and exclusion many women encounter within the financial services industry. We highlight the importance of seeking financial advisors who respect and understand the distinct financial journey women often face, reiterating the importance of being informed and involved in one's financial destiny. 

From discussing the "Pink Tax" to offering actionable tools like the "Where's My Money Going?" worksheet, our episode serves as a rallying cry for women to claim their financial literacy and forge a path toward true independence.

We wrap up our transformative discussion with a focus on the emotional landscape of money and the necessity of aligning spending with personal values. Hear how emotional intelligence can be a formidable ally in financial decisions and why cultivating a judgment-free understanding of your money habits is crucial. 

Dr. Provost and Maggie Nielsen leave us with the knowledge of how to build a strong financial foundation and valuable resources like a divorce guide and a family emergency binder to help navigate life's financial complexities. 

Join us for this empowering session and start rewriting your financial narrative today.

About Dr. Barb and Maggie

Dr. Barb Provost and Maggie Nielsen are the Mother-Daughter Duo behind Purse Strings, the go-to financial resource to help all women be financially fearless. As Dr. Barb worked for 20+ years creating education in the insurance and financial industry, she could see how they were missing the female market. 

As Barb and Maggie hired researchers and held focus groups, they found that the insurance and financial industry won the award for being the least sympathetic to women and women were unprepared for their financial future. Purse Strings is starting a long-overdue candid conversation about how women can use money to protect themselves and enjoy a fearless future filled with choices. 

Purse Strings is devoted to giving women access to easy-to-use resources and qualified financial professionals who focus on serving women. They are here to help all women be, financially fearless.

Chapter Summaries

Empowering Women Through Financial Knowledge (0:00:03) 

A mother-daughter duo from Purse Strings discusses women's financial empowerment during midlife transitions and the benefits of finding a financial coach.

Women and Financial Education (0:13:23) 

Women often feel disregarded and excluded by financial advisors, highlighting the need for education and involvement in financial decisions.

Empowering Women in Financial Literacy (0:22:06) 

Nature's challenges for women in the workforce, financial implications of breaks, "pink tax," and Purse Strings resource for financial education and support.

Financial Coaching for Women's Empowerment (0:29:21)

Financial planning and coaching for women, addressing societal differences, emphasizing personalized guidance and accountability, and addressing emotional aspects of money management.

Navigating Emotions Around Money and Debt (0:33:08)

Money, debt, and spending are emotionally complex; mindful spending aligns with values; individualized strategies are needed.

Empowering Financial Conversations and Resources (0:41:05) 

Self-compassion is crucial in financial decisions, overcoming shame, and using practical tools for empowerment.

Get full show notes and more information here: https://elizabethsherman.com/173