This week's episode is the second in a three-part series: last week was what women in their 40’s need to know about money, next week will be about women in their 60’s - and this episode is all about the Fabulous 50’s!
Women in their 50’s tend to find a new sense of freedom. The kids are moving on in life, you have a great sense of who you are and can be much more authentic, and many women are very comfortable in their own skin and so give no ‘F’s. It is the decade where women get some time back in their life, and they can finally focus on themselves again.
So in this episode, we’re breaking down the five things every woman needs to know about money in her 50s, with some great tips to help you embrace this fabulous decade and get your finances under control.
In this episode, we cover:
- Why it’s not too late and how your 50s still offer a powerful window to strengthen your financial position
- The importance of building your asset base and understanding what you actually have working for you
- Why this is the decade to get serious about reducing debt and improving your financial flexibility
- What “things can get messy” really looks like, including things like menopause, illness, redundancy, divorce, and loss of a partner
- The financial and emotional reality of being part of the sandwich generation
Your Loving Kick Up The Bum:
If there is one thing to take from today, it is that you have more than enough time to make a difference to your financial future. This is the decade to get involved, to understand where you stand, to make a plan, and to take action.
So this week, pick one thing. Get a plan together to focus on what is going to make the biggest impact, focus on this, and define what you actually want your future to look like.