Women take emotional risks all the time, but rarely do we take financial ones. We rent when we should buy. We buy when we should have rented and invested our extra capital in better ways. We think jobs when we should think careers. And we lose ten good years of saving or investing in our 20s while we're waiting to find Mr. Right.
Another thing: Women never talk about how much money we make, or what's the best way to be on a fast track to a fat income. The culture seems to think that when men discuss earning strategies, they are being heroic—and when women do the same, we are scheming and vulgar. Why is that?
We fear the so-called lonely life we've been told career women face. But according to Millionaire Women Next Door , the median age of women with seven-figure assets is 49; only one in 20 has never been married, and only about 20 percent are divorced.
Women should do what men do: Make the money. Success is a choice. You have an obligation to yourself—to make you your first priority. You don't have to give up love or family; you just have to keep them in balance while you're building your nest egg.
Follow these cardinal rules:
From the September 2005 issue of O, The Oprah Magazine
We Hear You!