This morning on the Today Show, Suze Orman offered advice for women. She likened it to the warning you get on an airplane--"put your own mask on first, then take care of others."
This morning on the Today Show, Suze Orman offered advice for women. She likened it to the warning you get on an airplane--"put your own mask on first, then take care of others." Her point? "The problem — and yes, it is a problem — is that so many women can’t figure out how to make their needs and desires a priority in their life. You think of everyone else before you think of yourself...When you pretend you can afford things you can’t, you are setting a horrible example for your kids...When you put any other goal ahead of retirement you are setting up the entire family for trouble. If you pour all your money into paying for college, what exactly are you going to retire on?"
My colleague (and, yes, husband) Scott Patterson wrote an article two years ago titled "There Are No Scholarships for Retirement" along the same lines. Another colleague, Dane Coalson, hosted a webinar in 2008: Empowering Female Members for Financial Success. At the conclusion of the event, Dane hosted a panel of women credit union members discussing their thoughts on what they had just heard. Attendees seemed to really like that part if their survey feedback is any indication:
“The forum was very helpful, it was great to hear directly from the different age categories.”
“First all...kudos to Callahan for doing this. I especially liked the "real world" feedback from your panel.”
“I thought it was very informative, had a lot of great ideas, and the panel at the end was EXTREMELY helpful!”
Let me know if you want access to that event. I'll send instructions. Just click my name above in the byline and shoot me an email.