If you are reading this article, chances are you might be struggling with your financial planning or the investment advice that you have been given isn’t working.  If you are in the position where you feel your interests are not being put first in your financial future or if you feel that you are not meeting the goals you want to meet, the problem may lie with the financial planner you are working with.  You may want to consider a fee-only financial planner to meet your investment goals.
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Being a single woman who also happens to own her own business, I am often asked how I am able to manage the day-to-day finances of my company as well as deal with personal financial matters associated with my household. I suppose that some people may perceive my financial independence as a big accomplishment. After all, on top of the distinctions I just spoke about, I am also a single parent.
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Arlie Hochschild, renowned Author and Professor of Sociology at the University of California once said, “The influx of women into paid work and her increased power, raise a woman’s aspirations and hopes for equal treatment at home. Her lower wage and status at work and the threat of divorce reduce what she presses for and actually expects.”

This quote expresses much of the plight that is still prevalent with women today.  Women dream as big as anyone else and desire to succeed just as men do.  However, it puzzles me that we allow ourselves to fall short when it comes to protecting ourselves, specifically, our standard of living as it relates to divorce or widowhood. According to Psychology Today Magazine (1997) a woman’s standard of living plummets 27% after a divorce; a man’s standard of living increases 10% after the same event. more »