Last Sunday morning I woke up, and Mama Diva Ing decided she needed a day of nourishment, stillness, and me-ness!
You know, the kind of day when you just need to slow down, chill the fudge out, and do sweet nada, diva. đ„
As a mother with a rambunctious seven year old, mornings in bed are both rare and precious. After decades of running around after everyone else, Iâve finally learned it’s up to me to get my needs met! Hallelujah! đ It feels juicy AF I have to tell you.
Within minutes, {actually once I made a deal with the husband to look after our daughter}, I was snuggled in bed with a steaming pot of chai watching the rise and fall biopic of singer Helen Reddy called I am Woman. By the end of the film, Iâd run the gamut of emotions from pure femininst rage to sacred inspiration. #Iamwoman đ
I defy anyone to feel anything less than that after watching Helenâs story.
As a womenâs financial empowerment coach and transformational teacher, Helenâs story was a powerful reminder of why I do the work I do. đ
At the heart of her story was a divinely talented woman who handed all her power, including her financial security, over to a man. To rub salt into the wound, that man was her husband and manager, someone she should have been able to trust. Their decision that she would focus on being the âstarâ đ while he managed the money would eventually change the trajectory of her life. She lost it all: control of her finances, her future, and her security.
Helenâs story triggered a deep remembering of my own experiences with trusting a male lawyer with my money. đ
In some ways, Helen and I have lived parallel lives.
No, I havenât become one of the biggest recording artists of all time but like Helen I worked my ass off only to hand my financial power over to someone who ended up stealing from me. đ About 12 years ago, I started a business in NYC, and my lawyer convinced me to let him hold my corporate kit.
For a limited liability company, your corporate kit is everything, and I trusted him when he told me that it would be safer with him. Everything inside me told me I shouldnât do it. He then wrote out a whole heck of stock to himself, which we had NOT agreed to. đ Simply put, I lost it all.
Unfortunately, my insecurity around handling my own finances ended in near ruin.
The financial devastation that followed became one of my biggest life lessons. It has changed the way I run my business, and Iâm grateful for it. Iâve learned that EVERYTHING has to be in writing, and that you need to know the nuts and bolts đ© of your finances. You need to know how youâre spending your money and exactly how much youâre making. I also learnt that when it comes to MONEY you better keep your eye đ on it.
You sure as heck canât hand over that responsibility. Sure, you can get help with your finances {accountants, advisors, mentors}, but DONâT GIVE AWAY CONTROL OF YOUR CASH, DIVA. â
Iâve learned the only way to be truly free is to get these five things down:
Helen Reddy sold more than 15 million albums and 10 million singles during her career but pretty much lost it all: the cars, the houses, the nanny, and the retirement fund. đž
Unfortunately, Helenâs story isnât unique.
Iâve heard the same words from many of my older clients who are often divorced, or recently separated, and have gone from living in mansions to sleeping on their kidsâ couches. They come to me at about 55 to 60 years of age and only then start working out their finances.
We have to change this. The earlier you begin and the more financial mastery you have, the better off youâll be. #true đ
So this fact is whatâs really slammed đ„ me:
Despite the Universal Declaration of Human Rights, adopted in 1948, enshrining “the equal rights of men and women” and addressing both equality and equity issues, women are still facing discrimination on all levels.
The glass ceiling still exists. đ„
The gender pay gap isnât closing anytime soon.
Women in general are still the primary caregivers of children, resulting in a greater risk of financial insecurity in the long term.
Violence đ against women (emotional and physical) still occurs unabated despite the #metoo movement.
And we risk persecution anytime we speak up. đŁ Take, for example, the author of the first attempt at a declaration of womenâs rights in 1791 who was accused, tried and convicted of reason, resulting in her execution. This legacy runs through our veins.
Iâve spent my whole life moving towards this moment where I can no longer stay silent and am compelled to speak out about the absolute necessity of women to gain individual financial sovereignty.
This is a whole new conversation about money đ° and how to use your talent (yes, youâre oozing in it, darling) to build your worth and wealthâand then maintain power ⥠over it.
The womenâs rights movement, the #metoo movement, and every moment in history that has shifted women towards greater freedom đŠ have been essential in getting us to this point. But despite our voices đŁïž being heard a little more through all the noise, despite having âequal rightsâ in the eyes of the law (in most countries), and despite having the vote, our bodies are still attacked, our persecutors still walk free, and financial security is often out of reach. đ The bottom line is that if you donât have control over your money, you will always be in a position of subjugation.
Helen Reddy did everything she could to succeed. She saved up for years to be able to afford to move from Australia to the US, and then she barely got by before breaking into the business in a big way. But none of that secured her future.
I ask you: What kind of money would it take for you to achieve financial sovereignty? âš You donât have to be a millionaire. Perhaps an extra $50K per year that you could set aside now would be what it would take.
If youâre still not clear about the importance of having your own money, understand this: between 2011 and 2016, the number of older women in Australia living with homelessness increased by 31 per cent. đ And it doesnât just affect older women. Homelessness can be the result of domestic violence, poverty, and divorce for a woman of any age.
This is supported with evidence from the US where women and families represent the fasting grouping group in regards to homelessness.
The stats prove that womenâs financial security is NOT improving. And these issues are often exacerbated for women with disabilities, women of colour, indigenous women, and women from culturally and linguistically diverse backgrounds.
So why are so many women in this position? đ€
Because women are often economically worse off than men as theyâve decided to stay home đĄ and raise their kids or take on part-time work, which is usually paid less.
And I get why they make this decision: being a mother is a full-time job. I know how difficult it is balancing being a mother đ©âđ§âđŠ with a job. But my firm belief is that it is the best thing to do for your long-term financial security. Making your own money and not being beholden to your man is the foundation of your financial freedom. You need to take a long-term view. Itâs blunt, but itâs true.
This might mean you have to fight đ now, but I 100% guarantee you that it is easier to have that fight now than it is when youâre older and trying to live off a pension (while still having to work just to get by).
I say all this with love. My goal for every woman on the planet is for them and their children to have bright futures and secure and enjoyable retirements. đ
It reminds me of a quote from Sophie Tucker, an American singer, comedian, actress, and radio personality:
From birth to age eighteen a girl needs good parents. From eighteen to thirty-five she needs good looks. From thirty-five to fifty-five she needs a good personality. From fifty-five on she needs cash.
Ainât that the truth! (Although, I also think you need cash đ€ the whole way through!)
This is your why. To really set your mind to do this means allowing yourself to create and build wealth âš for your and your retirement. Itâs about giving yourself permission and then taking action based on solid planning. So ask yourself, what do I need now for my retirement? You wonât achieve financial security by keeping your head in the sand.
When I was ripped off by my lawyer and left without much in my bank account, I made a vow to become a master of my money đ and seek expert advice when I neededâwithout handing over any power.
I encourage you to dedicate yourself to becoming an expert of your own finances. đ If you do this, I guarantee you that within a very short time, youâll be able to turn your financial situation around. And it starts with that one decision. đ
When I look back at my 20s and 30s, I realize I spent a LOT of time worrying about not having any money, or when I finally did make some, I worried I would lose it. I spent my time worrying and not taking any action by learning and claiming control of my financial power. đ Worrying doesnât change anything, diva. It doesnât calm you down, and it certainly doesnât build your wealth. But you can use your fear as a launching pad. đ Knowing you donât want to live in your momâs basement or sleep on your kidsâ couches can be a powerful mobilizer for you.
Get advice where you have gaps in your knowledge because âeducation makes talented women richâ, as I say to my students all the time. Donât go down a path of self-criticism for your past âfailuresâ because youâll just end up on the roller-coaster ride đą of âAm I good enough?â and âCan I really do this?ââand doubt wonât get you anywhere.
And donât work for free. Youâre talented. You deserve to be compensated for your work. Set your standards and donât lower them for anyoneâespecially your clients because youâre just teaching them to do the same.
Itâs time to reclaim the inherent power and wisdom you were born with thatâs been stripped from you over the years. đ„
Helenâs movie is titled âI am womanâ based on her most famous song. đ¶ I still canât get the tune out of my head but when I get to the end of the chorus, I now add an extra line:
Yes, I am wise
But it’s wisdom born of pain
Yes, I’ve paid the price
But look how much I gained
If I have to, I can do anything
I am strong (Strong)
I am woman (Invincible)
I MAKE AND MANAGE MY OWN MONEY
I have an invitation for you: if you want to be in a STRONG đȘ financial position, then chat with my team of highly experienced strategists.
Pick a time, show up, and weâll map out a PLAN for you. đșïž
Fixated on your divine success,
Ingrid Arna
Leading 7-Figure Strategist
Ingrid Arna is the founder and CEO of The Ingrid Arna Company and the creator of the Gucci of online business programs, High End Empire. Ingrid Arna and her company are leading the charge in teaching conscious capitalism and building leaders who are devoted to global healing. The return is massive impact and million dollar brands that give back.
Since becoming a mother, the only resolutions Ingrid has stuck to are swapping G-strings for granny panties and quadrupling her fees. Sheâs never been happier.