Helaine Olen, composer of Pound Foolish: Exposing the Dark Side associated with private Finance Industry, happens to be authoring individual finance since 1996. But sheвЂ™s maybe perhaps not planning to offer you everything youвЂ™ve come to anticipate from individual finance authors: advice. Actually, she thinks that a lot of the advice we hear from todayвЂ™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. HereвЂ™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 moneyвЂ”just consider the books and sites marketed specifically to ladies, like CitibankвЂ™s Ladies & Co. and PrudentialвЂ™s Women & cash. You, research has revealed small distinction between females and menвЂ™s knowledge that is financial habits.
Therefore, how does this misconception persist?
вЂњI genuinely believe that myth persists because ladies on their own think it.