An Honest Talk With a Financial Planner About Budgeting Financially and Emotionally for Your Family With Emily Green
Today’s conversation with Emily Green is all about the importance of women taking control of their financial destiny as it relates to family planning. Emily and I chat about balancing the trade-offs between your career and personal goals. We talk about the pressures of corporate culture on moms, gender salary gaps, and maternity leave. Money is never easy to talk about but it's a lot less overwhelming when you can make a plan and prioritize the things that are most important to you.
In This Episode:
[04:32] Pressures women face in the financial industry.
[08:06] How to plan for financial goals in every season and earning gaps among women and men.
[16:20] Mom guilt and financial decisions that come after you have a child.
[23:44] Cultural expectations for working moms.
[25:58] Emily’s wake up call to motherhood during the Pandemic.
[34:07] How Emily viewed motherhood and her career before pregnancy versus now.
[37:55] How Emily defines family.
Takeaways:
Too many corporate cultures view women starting families as a cost to business. However, if you look at the research, the cost to the business is the fact that they do not support women through these times and then women end up leaving. Then you have a cost to hire and train someone new.
Women's salaries peak earlier than men's because women take career breaks for their families. Women tend to have kids and take a possible short career break so their salaries peak in their forties, which versus men's peak in their fifties.
In a survey by Everlast, a majority of women said that thinking about money made them anxious and physically ill. It is vital to have those hard conversations about finances and financial goals.
Guest Links:
Instagram |@Ellevest
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