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.
My dream was to become a footballer, hope to become the best someday. And I worked for it. And I'll tell you that the work is the magic of success.
You forget about it whether it was 15-2 or 3-2. It's still a loss. It doesn't matter what the score was if we win tomorrow.
An open-minded and diverse population that readily shares information, encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is.
If you want to make money playing poker, find a game with a few suckers, fish, donkeys, live ones, or whatever you choose to call a bad player. Just don't let that sucker be you.
Our net worth is ultimately defined not by dollars but rather by how well we serve others.
I didn't think I would have an Olympic medal at 21, but I knew I would give my best and play my game. I just viewed it as my first Olympics and that I would take it one match at a time, but to bring a silver home made me very, very happy.
Subscribe for the occasional hand-picked quote. No noise.