It's Rising Time
In looking at women and their money habits, I’ve got to ask, what causes women to act, to make changes in their financial life, and what causes women to do nothing?
R. Buckminster Fuller, the inventor, architect, and futurist said that the word “emergency” comes from the base word “emerge.” I’ve written about this before, that it often takes an emergency or wake-up call for women to emerge, to step up and take the lead. I believe for so many women that will not change. It’s when the crisis is in our backyard that we leap into action.
So I have to ask, before it gets to emergency status, why do some women take action and others don’t?
In talking with women all over the world, there seems to be four categories that women fall into when it comes to them and their money. They are:
Comfortable and Dependent
Comfortable and Not Dependent
Uncomfortable and Dependent
Uncomfortable and Not Dependent
If this were set up as a quadrant, The Rich Woman quadrant, it would look like this:
When your financial life is working. When you can sleep through the night without worrying about bills to pay.
When you are stressed out, a lot, about your money situation. You lose sleep over it. You fight with your partner about it. You are not where you want to be.
When someone other than you is providing for you financially. This may be your husband or partner, your parents, the government through social and medical programs or the company you work for. Here’s the litmus test - if this person or organization disappeared would find yourself in a financial struggle?
You are in total control of your financial life. It doesn’t matter, financially (emotionally is a whole other thing), if your partner, family, government programs, or your job or business disappeared, you would be financially fine.
Comfort Can Be Fleeting.
The one caveat I throw out about “comfortable” is that comfort can be fleeting. Problems, changes and unforeseen incidents happen. So even though you and I may be comfortable today, it could all change tomorrow.
The question is are you prepared and looking forward in the event that once of these events happens?
If you’ve ever read The Cashflow Quadrant written by my husband, Robert, it is about the four types of people in the world of business. He talks about moving from the left side of the quadrant to the right side.
On the left side are the employees and self-employed and on the right side are the business owners and investors. By the way, the difference between the self-employed people and the business owners is that if the self-employed person goes on vacation so does her income since the business is dependent upon her, whereby if the business owner goes on vacation she has other people and systems running the business so her income remains the same or grows without her.
The whole concept is about moving from the left-side to the right-side, if that’s what you want to do.
This quadrant is not so clear-cut. Why?
Just as with the Cashflow Quadrant, it all depends upon where you want to be. Clearly the goal that I profess, and which I recognize is not for every woman, is Comfortable and Not Dependent.
You are financially-secure/independent and are not dependent upon someone else for your financial well-being. I just can’t distinguish between the other three which one is more desirable over the other.
Is it better to Comfortable and Dependent or Uncomfortable and Not Dependent? I definitely don’t like the thought of Uncomfortable and Dependent, however many women are there these days. So for except Comfortable and Not Dependent, I leave the order of preference up to you.
So why don’t women act?
First and foremost, they are COMFORTABLE. “Don’t fix what ain’t broke.” is the common line. It takes a self-aware woman, with a bit of ambition to go from being comfortable to wanting more.
Until I realized how dependent I was on Robert, even though we were financially equal partners in the business, I was comfortable and I didn’t think I needed to change anything. You see, The Rich Dad Company was built around Robert’s story – as we planned – yet if for some reason we were to go our separate ways, the value of the company was much, much smaller without Robert. So I really was dependent upon Robert at that point for my financial well-being. At that realization I became very UNCOMFORTABLE, and that’s when I really got into action.
Given this economy, I think there are a lot of women today who are Comfortable and Dependent and who don’t realize they are a short step away from being very UNCOMFORTABLE.
So which quadrant are you in?
Are you Comfortable and Dependent or Comfortable and Not Dependent?
Are you Uncomfortable and Dependent or Uncomfortable and Not Dependent?
The more important question is which quadrant do you want to be in?
If your answer is anything other than the quadrant you are currently in then… it’s time to start taking action. This could be your “Rising Time” moment.
What are you going to do today to start moving into the quadrant you want to be in for your financial freedom?
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