Mar 21, 2017
Worthless.
That’s how Amanda Steinberg felt in
her late 20s. She had bottomed out financially,
emotionally—everything. She’d worked herself to the bone to
showcase herself as a 21st Century working mom, and
like practically every college-educated woman she knew, she'd
followed what seemed like straightforward steps to building the
perfect post-feminist life.
It was at this gut-check moment, in debt and
emotionally spent, when she realized that she was "worth it," and
so are you.
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As a
female, have you ever felt like you could not achieve the same
financial success as others because of your gender or present
situation?
Have you struggled to let go of old weight and society’s
expectations of what you should do with your life?
For
women who believe they need money to be enough, are afraid
they’ll never achieve financial success, or feel stuck in their
present situation, this episode is for you.
We are all worthy of financial success and feeling
empowered about ourselves.
Despite gender inequality in the workforce and how society views
and values money,
women have the ability to take the idea of financial success and
make it something of their own.
We don't have to allow society's structure and
regulations to prevent us from creating a successful relationship
with money because we're worth more than that.
Rewiring our Perception of Self-Worth Around
Money
What are the stories we tell ourselves in relation to
money around society?
For decades, situations and circumstances have shaped the
household
roles of both males and females. Males have been the providers
and women the nurturers.
This idea has been branded in our minds. Society tells us that
males cannot be the nurturers nor females the providers.
Fortunately, this idea is slowly changing as females are
discovering their self-worth and net worth.
Today on Wellness Force Radio, Founder & CEO
of DailyWorth, founder of
WorthFM,
and author of Worth
It: Your Life, Your Money, Your Terms,
Amanda
Steinberg shares how she’s helping women find their
inner strength to let go of old weight and gain financial
freedom.
Roots & Wings: Create Your Own Rules About
Money
At a young age, Amanda observed the burden that money had on her
mother. She saw first-hand the pressure that her mother experienced
to make sure that she had enough money to pay the bills and provide
a comfortable life for her family.
At one point or another, we can all relate to that same pressure
that Amanda’s mother faced. We’ve all experienced the pressure to
“be enough” and have a baseline of “normalcy” according to our
financial self-worth.
We’re pressured to have enough money to provide for the perfect
family, have the best possessions, or to fit our role according to
our gender. Unfortunately, because of this pressure around normalcy
and money, some women might feel held back from achieving their own
financial success.
We’re afraid that we’re not worthy because of how we
show up to
society.
On this episode, you will learn that despite what society has
told us, financial freedom is attainable for anyone. Money
shouldn’t be a burden according to our background, gender, or
knowledge.
One day Amanda learned an important lesson from her mother that
has helped her to let go of old weight and
rewire how she perceives money.
To be financially secure, we just need two things: Roots
and Wings:
- Roots are your assets such as real estate,
investment, and owning a business.
- Wings are your cash flow including credit and
income.
Join us in listening to Amanda as she shares how we can
rewire our perceptions about money and gain
financial freedom.
Listen to Episode 104 as Amanda Uncovers
- How is financial security defined? What does it mean for
different people?
- What we perceive as clarity and control around money versus the
reality of our own circumstances.
- How money can create stress and harm our personal
wellness.
- Amanda's childhood and the paralyzing pain that she and her
family experienced because of money.
- Amanda's experience with debt and the steps she took to
reevaluate her personal finances.
- How a hip-hop poetry artist and a spiritually elevated
human rights advocate named Rha Goddess helped Amanda
re-program her thoughts on money.
- The shift in society regarding the role that both men and women
have with money.
- Why Amanda was living a life that she thought she was supposed
to live out of fear of not fitting in. Why Amanda forced herself to
live a life that didn’t suit her at all.
- How Amanda created a new story about money to fit her life and
needs.
- How women can write their own rules to live their own lives
with roots and wings.
- The new financial narrative for women in 2017: How
does money impact their wellness?
- Josh's experience with money and how it represented pain for
him when he was younger.
- How we learn about money habits from our parents and other
sources.
- Amanda's strategy to rewire thoughts about who she is and her
relationship with money. To rewire her thoughts to not see herself
as a spender anymore, but a saver.
- The challenges women face to become leaders in the corporation
world.
- How the social norms are changing as far as women being
nurturers and men being the providers.
- Amanda's goal to help people to become more comfortable with
who they are and what roles they want to take on.
- How a couple can begin to balance their money and keep their
family in a constant state of financial wellness.
- The importance of figuring out what is important to
you i.e. travel, a home, technology so that you focus on
spending your money on that and not on something that is not as
important to you.
- How to discover Positive Net Worth: Ask yourself what you're
invested in, what do all of these financial terms mean for you?
Where is your money and how is it being directed?
- Amanda's favorite money tools to help you re-evaluate your
personal finances.
- Amanda's plans for 2017 and her new book, Worth
It.
Top 3 Takeaways From The Show
- We do not have to learn money habits from only our parents.
There are other sources out there that can act as good examples to
help us achieve financial stability and freedom.
- Society doesn’t define our relationship with money. We do.
Despite our previous income status, experiences, our gender, we can
let go of old weight and begin a new relationship with money. We
can start fresh and gain control of our personal finances with
clarity.
- Our society has wired our brains for years to believe that only
men can be the main providers and women the sole nurturers. But
times are changing as both genders can either be the provider or
the nurturer.
Power Quotes From Amanda Steinberg
"Our feelings and relationship
around money have very little to do with the actual circumstances
of our finances." - @AmandaSteinberg
- "My life and work are dedicated to the reinvention of financial
advice and financial services so that anyone, regardless of
circumstance, gender or knowledge level, can experience the thrill
of money clarity and control." - Amanda
Steinberg
- "Our feelings and relationship around money have very little to
do with the actual circumstances of our finances." -
Amanda Steinberg on achieving clarity and control with
money.
- "As women, we can't really fulfill our potential until we
understand our money. I'm trying to support this shift for women in
the workforce so that it doesn't feel like work and they don't feel
bad about it." - Amanda Steinberg on the current shift
for women in relation to money and work.
- "Worthless. That’s how I felt in my late 20s. I had bottomed
out financially, emotionally—everything. I’d worked myself to the
bone to showcase myself as a 21st Century working mom, and like
practically every college-educated woman I knew, I had followed
what seemed like straightforward steps to building the perfect
post-feminist life." - Amanda Steinberg on her own
struggle with money.
- "If women are disassociated from finance as our culture has
required it, women are never going to be able to take care of
themselves and it's going to perpetuate this impossible
situation." - Amanda Steinberg on the motivation to
help women become financially independent and manage their money
better.
- "Debt led to doubt; doubt spiraled into
despair." - Amanda Steinberg in her new
book, Worth It.
- "All you need are roots and wings." - The piece of
financial advice that Amanda Steinberg's mom gave
her.
- "This baseline of normalcy has set it up so that people are so
afraid to be judged by others. We don't realize that anyone's
judgement of ourselves is actually more about them than anything to
do with us. Where do these expectations even come from? Give
yourself the freedom of space." - Amanda Steinberg on
the social pressures that we face every day and how to ignore
them.
- "We shape our identities to protect ourselves from pain. So,
when we start to dismantle some things that we realize don't have
to be entirely true, it can be really painful.
It's confronting and really uncomfortable. But it can bring
clarity to recognize which statements cause us pain and those are
the ones that we need to get rid of in our lives." -
Amanda Steinberg on how we can rewire our thoughts around money and
ourselves.
- "All of your Truth exists because you arbitrarily chose it for
no reason long ago and then collected evidence. That's it. Except
for: be nice to people, be honest, love wins. Otherwise, all
bullshit.” - Carl Richards
- "Humans are really starting to realize that we are the creators
of our world, we are not victims of it." - Amanda
Steinberg on how we are gaining more confidence to do what we want
with our lives.
- "Women have been programmed to be self-less, dependent, and bad
with money. I am overtly and expressly helping women to reprogram
themselves so that they are self-full, independent, and can live
life by their own definition." - Amanda Steinberg on
how she's helping women redefine themselves.
- "What's important for women is to realize that we have been
impressed upon us by society that we are valued when we are
selfless and giving. That makes it very hard for women to even
think about money because it feels like a selfish thing. For the
man, he has been told that he will be successful when he has
monetary success and he is a provider. So, for the man to release
some of that over to his wife and to not feel like he's being
emasculated, it's equally as challenging." - Amanda
Steinberg on the struggle society faces to see the female and male
roles with money in a different light.
- "Revenue solves all problems." - Amanda
Steinberg's own mantra when she faces something
difficult.
About Amanda Steinberg
Amanda Steinberg is the founder &
CEO of DailyWorth, the leading financial media
company for women publishing financial and business advice to
millions of women daily. She is an international business leader,
public speaker and author on the topic of women and money.
After launching DailyWorth in 2009 to bring a
fresh voice and an outsider’s perspective to personal finance,
Oprah selected her to the exclusive
SuperSoul 100, while Forbes named her one of
21 New American Money Masters.
She is also founder of the new digital investing
service, WorthFM, which received front-page
coverage in The New York Times Business section, and the author of
Worth It: Your Life, Your Money, Your
Terms.
From the founder and superstar CEO of DailyWorth.com—the go-to
financial site for women with more than one million
subscribers—comes a fresh book that redefines the relationship
between women, self-worth, and money.
Worth It shows women how to view money as a
source of personal power and freedom—and live life on their
terms.
Millions of women want to create financial stability and
abundance in their lives, but they don’t know how. They are stuck
in overwhelming confusion and guilt, driven by internalized “money
stories” that have nothing to do with what is really possible. As
the founder of DailyWorth.com, a financial media and education
platform, Amanda Steinberg encounters these smart, ambitious women
every day. With this book, she helps them face their money stories
head on and wake up to the prosperity that awaits them.
Worth It outlines the essential financial information
women need—and everything that the advisers don’t spell out.
Steinberg gets to the bottom of why women are stressed and anxious
when it comes to their finances and teaches them to stay away from
strict budgeting and other harsh austerity practices. Instead, she
makes money relatable, while sharing strategies she uses herself to
build confidence and ease in her own financial life.
Through her first-hand experiences and the stories from other
women who’ve woken up, Steinberg’s powerful and encouraging advice
can help women of any age and income view money as a source of
freedom and independence—and create bright financial futures.
Resources Mentioned by Amanda & Josh
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