Ask any woman who has gone through a divorce and had her standard of living decline substantially. Ask any woman who's been fired or 'reorg'ed out' and had to scramble to take a job she didn't want. Ask any woman who wanted to quit a job but couldn't afford to. Investing is possibly the best career advice women aren't getting.
Interpretation
Women often face financial challenges and job insecurity, making investment knowledge crucial for empowerment.
In this quote, Sallie Krawcheck emphasizes the importance of financial independence and investment knowledge for women, especially those who have faced life challenges such as divorce or job loss. By highlighting the struggles women encounter in maintaining their standard of living and career satisfaction, Krawcheck advocates for investing as a powerful tool that can provide women with the security and opportunities they need to thrive professionally and personally.
In practice
During a women's empowerment seminar, this quote can be used to encourage financial literacy.
What you hear and what the research shows is that gentlemen negotiate for their first job. Women do not negotiate from their first job and on. And I tell women there is no H.R. fairy godmother. There might be, but you better not count on it.
The research indicates that when we women invest, we women do tend to be more patient, take a longer-term perspective and as a result of it, tend to be better investors than men. But the messages we get are that investing is sort of 'the guys' world.'
As an entrepreneur, I've learned how crucial it is to be able to call a spade a spade and avoid falling in love with a particular strategy or product. Instead, you need to let the customer tell you what she needs - and to change her as she changes.
Somehow, there is this feeling that women require remedial financial education, and so everything must be dumbed down. The reality is that we all need a lot more education, but guys just go ahead and invest anyway.
If you aren't committed to diversity of thought, you have no business launching a startup.
In the old world of business, there was often just one seat at the leadership table for women, two at best. That meant that only so many women could advance. But in a world where women recognize the power that they own - and where technology can upend the traditional rules of engagement - one woman winning doesn't mean another loses.
A successful man is he who receives a great deal from his fellow men, usually incomparably more than corresponds to his service to them. The value of a man, however, should be seen in what he gives and not in what he is able to receive.
Do not measure success by today's harvest. Measure success by the seeds you plant today.
The man who has won millions at the cost of his conscience is a failure.
It's not all about talent. It's about dependability, consistency, and being able to improve. If you work hard and you're coachable, and you understand what you need to do, you can improve.
Your real wealth can be measured not by what you have but by who you are.
If you want to sustain excellence over a long time, you'd better come up with a system that works well. Anyone can sprint for a little while, but you can't sprint for forty years.
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