Helaine Olen, composer of Pound Foolish: Exposing the Dark Side associated with private Finance Industry, happens to be authoring individual finance since 1996. But sheâ€™s maybe perhaps not planning to offer you everything youâ€™ve come to anticipate from individual finance authors: advice. Actually, she thinks that a lot of the advice we hear from todayâ€™s finance professionals is, well, incorrect.
Intrigued, recently i talked with Olen concerning the fables women that are surrounding cash and just exactly what we being a culture have already been getting incorrect about individual finance. Hereâ€™s exactly what she had to talk about.
Myth # 1: Ladies Need More Assist Handling Their Funds Versus Men Do
Women can be frequently told they need more assist or advice that is different how exactly to handle their moneyâ€”just consider the books and want Asexual dating app sites marketed specifically to ladies, like Citibankâ€™s Ladies & Co. and Prudentialâ€™s Women & cash. You, research has revealed small distinction between females and menâ€™s knowledge that is financial habits.
Therefore, how does this misconception persist?
â€œI genuinely believe that myth persists because ladies on their own think it. Itâ€™s the old joke: Men think theyâ€™re the specialist if they simply see something about one thing. Ladies have a PhD in an interest and theyâ€™re nevertheless concerned they donâ€™t truly know sufficient,â€ she describes. Continue reading