At The Humphreys Group, it’s no secret we applaud and encourage the many ways in which today’s women are breaking through gender stereotypes. Since our firm’s founding, we have championed women as they’ve scaled the learning curve of personal finance and investing.
Lately, we’ve been especially fascinated by the stereotypes that still permeate discussions about women and money. These phrases probably sound familiar:
In this book, we take a deep dive into decades of research and data around women, money and personal finance to distinguish myths from reality.
Turns out, the financial services industry is experiencing an overdue wake-up call when it comes to women and money. Today’s financial institutions were built by and for men, so it’s no surprise that the “norm” does little to reflect the strengths and preferences of women.
So, we ask:
In each of the myths we explore throughout the book, we make observations and provide some recommendations.
What if we put it all together?
What would it look like to “do money” like a woman?
To make a long story short, here is a list of our guiding principles:
Numbers matter, but so does context. Take a look at the data behind women’s smart investing choices, the narrowing gaps, and the work still ahead for personal wealth, income, and retirement.
Conversation Circles create opportunities for women to have authentic conversations about the important aspects of personal finance beyond the numbers. These conversations foster a deeper knowledge and understanding which enables participants to align their financial decisions with their values. What we have seen is that when our money and values are in alignment, we are happier, more conscious of, and more engaged with our own financial management.
A great topic for a first-time circle is “Money Stories: Legacies and Lessons”, which prompts us to be curious about the money stories we tell ourselves. How did we learn them? How do they help or hold us back? We are continuously developing new topics as they emerge from our conversations and welcome the opportunity to describe any of the circle topics below in greater detail:
Let’s start talking about women and money in an unapologetic and unabashed way. For our part, we will continue to address the challenges our clients face, encourage them to venture outside their comfort zone, and empower them to recognize the strengths they already possess, in finance and beyond.
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