It’s my birthday, but YOU get the presents!
Ok that was super cheesy but I just wanted to say it. The good thing about a December birthday is that you get to do a ‘reflections on the year’ post and combine it with a birthday post.
I am totally not one of those people who’s all like ‘oh I don’t like to make a fuss about my birthday’. I am like ‘bow down bitches’.
So, during my 38th trip around the sun, here are some things I learnt:
1. Success flows where attention goes – I know this sounds like a lame motivational motto, but go with me here. In the time I have been writing this blog, I have been thinking about money a lot. And in that time, I have upped my salary, boosted my savings, bought a property and generally got ahead. (It also helped that I settled a long-drawn-out divorce, but more on that below.)
Now I am not saying you need to start a finance blog (don’t steal my idea, bitches). But by making a conscious decision to focus on money, and checking in regularly, you have a much better chance of succeeding.
You also need to plan like a boss, but don’t worry, I gotcha. Check out my worksheet!
2. The best investments you make are in yourself – This isn’t code for ‘treat yoself’; I’m not saying to drop your cash on botox or hair extensions. I mean educating or improving yourself.
I was falling into some patterns, mainly with men, that weren’t serving me well. So, I decided to see a counsellor and clean out all the mental detritus from the marriage and divorce.
Turns out I had a fair bit to unpack from my younger years, my own family breakdown and just the general trauma we pick up from playing this contact sport called life. It has been so worthwhile – there is enormous power in someone else looking at your life experiences and helping you make sense of them.
But it doesn’t have to be doing the inner work. I also graduated from my Applied Finance course, and it means that when The Daily Mail calls me a ‘finance expert’, I feel legit.
So, don’t be afraid to spend on important stuff that makes you a better person. (But always get the best deal, of course!)
3. Valuing yourself is hard but important work – I already wrote about my failures to demand what I’m worth in my last jobs (check it out here). I still struggle with this, but this year I have done better. For example, I set a freelance rate and was shocked and delighted when people agreed to it.
I still struggle with all of this stuff, but I feel like I am more aware and more committed to asking for money, as I get older and tougher and more woke.
4. Divorce is expensive – Well duh, you say. And maybe if I had a different kind of relationship, it would have been a swift and amicable split. But it wasn’t. Now, I’m not throwing a pity party – I just want to alert you to some facts that you don’t generally learn until it’s too late:
- Your super is part of your marital estate. I have been a superannuation-nerd since my 20s, making lots of extra contributions. It all went into the pot to get split up, so I had to give a big chunk of it away. Most women have less super than their husbands, but if you are in the minority who doesn’t – be warned. I don’t know exactly what you can do to avoid it – you can’t even spend it because it’s stuck in super. My dad told me to stop paying extra contributions when things were on the rocks (because he is smarter than me). I was slow to do that, which I regret. I could have just spent it on champagne and oysters instead of giving it away.
- It doesn’t matter who earned what – it all gets split. In some twist of law, the person who earns more, gets less. Something to do with future earnings – which I translate as ‘the tax for ruining your ex’s future’. So, yeah, even though I earned more, and we had no kids, I walked away with less than half. Again, not a lot I can recommend here other than Swiss bank accounts.
Getting to those outcomes was a hard, costly and emotional war of attrition. But it’s done, I’m in my new place and the future lies ahead.
It’s been awesome, ladies. To be honest, creating and building this community is the best thing I have done in a long time. To everyone who reads, shares, comments and puts it into practice – I love you all. Thanks for being my Fierce Girls.