Today is the first anniversary of The Fierce Girl’s Guide to Finance. Yay! I feel happy and proud about that.
It’s been fun, hasn’t it? If you’re new to Fierce Girl, thanks for coming here. If you’e a long-time follower, thanks for being on the ride.
This whole thing was born out of lunchtime session at work called ‘Get your shit together with money’, part of the now-defunct National MoneySmart Week (long story about why it was canned). Anyway, it was a bunch of passionate advocates for financial literacy trying to put it on the national agenda. I was the PR chick, working on it pro bono.
During MoneySmart Week, I ran a session telling people to roll over their super funds and explaining the wonders of compound interest. And guess what, they got really into it! Weird, I know.
Then my friend Mindy Gold dared me to start this site. She was originally my partner in crime, but selfishly went to live overseas. (With a decent pool of savings btw, because she’s a Fierce Girl.)
The Divorce Thing
The other element of this story is that I was going through a divorce. I’m amazed by how short that phrase is when you say it.
‘I got divorced’. It’s like ‘I got my hair done’.
In reality, it was a slow, painful unwinding and rebuilding.
From the day I decided to leave, until the day the financial settlement was agreed, three years went by. And that doesn’t include the time spent watching my marriage fall apart. I’d say the last five years of my life have been spent in the strange, murky land of relationship failure.
I don’t say this to elicit sympathy, but to provide context. I’ve learnt many things from the process, some of which I’ve written about here and here. But the mistakes I made about money during my relationship, and the important role it played in allowing me to leave, have fueled my passion for this issue.
If you don’t control your money, you don’t control your life.
This is why it breaks my heart to see women hand over control to a partner, or to the universe. The attitude of ‘oh, I’m so bad with money but, haha, aren’t I adorably helpless‘ is still far too common.
Nobody is perfect with money. We all make bad decisions from time to time. But we need to remember who’s in the driver’s seat.
Not your credit card, not The Iconic, not the hipster-bearded bartender, and most certainly not your significant other. You, and you alone. (And maybe me, a little bit, haha).
Getting the basics right is hard – and important
When you hang out in the finance industry, you think everyone cares about whether your fund has beat the benchmark. And if you don’t know what that means, don’t worry – you’re not alone.
Finance people live in a bubble of complexity, products and jargon. Most regular people don’t care about alpha (which is how much an investment outperforms the benchmark, if you’re wondering).
They want to know how to pay off their credit card debt. Or to spend less on groceries. Or to have more money left before payday.
While I love explaining economics and investments, the readership stats for those posts are relatively low. My most-viewed post of all time is … wait for it … about bank accounts.
Turns out, how to structure your banking is far more interesting than the ingredients of Gross Domestic Product. But the people running the banks and investment companies of the world don’t understand this. It’s taken me a year to fully appreciate it.
And that’s why so many people switch off and fall asleep when it comes to finance companies selling them stuff.
Success flows where attention goes
That sounds a little Tony Robbins, I know. But what I mean is that, since I’ve been thinking about money and finances and budgets A LOT in the last year, I’ve become way better at all those things. When you focus on something, you get better at it. Who knew!
My budgets are less liable to blow-outs, I feel confident about meeting my financial goals, and I feel comfortable about spending money on something if I’ve mindfully allocated funds to it.
I feel more in control, more confident and more optimistic. And that’s the goal, right?
Plus, I guess I have to really practice what I preach. Don’t want the paparazzi snapping me in the Jimmy Choo store.
At some point, you just have to back yourself
For someone in PR, I have a weird aversion to promoting myself.
But I have to remember I’m on a mission: to help you all take control of your money, give yourself choices and live your best lives. And a mission needs an appropriate level of bad-arse bravery and hustle.
So , as I enter Year Two of the blog, I’m getting serious. Site redesign, e-book launch, PR blitz – the lot!
If you love what I do, please be an advocate. Share things you find useful. Send me your feedback. Sign up for emails. And tell me when you’ve had Fierce Girl wins!
We are all in this together, fighting, dollar by dollar, to own the world and everything it has to offer.
So, go forth and be Fierce! And remember…