With me today is the Founder of Ladies Finance Club, Molly Benjamin, whose mission is to help women get rich so they have full control and freedom over their lives. Molly released her book, Girls Just Wanna Have Funds, earlier this year and I’m delighted to share a conversation with Molly today about what women can do to become more money savvy.
At first Molly was not very good with money. Realising her friends were also a bit clueless when it came to personal finances, Molly put on an info night with a money expert in her living room. From there, things really took off and in 2018, The Ladies Finance Club was born. Now, LFC has had over 35,000 women attend their events, masterclasses, webinars, and workshops.
In this conversation, Molly talks about the steps she took to turn her money situation around, particularly the mindset shift to go from spender to saver. She talks about the first step of building up an emergency fund, even if you start with just $10, and the empowerment this gives women to take control of their finances.
Girls Just Wanna Have Funds is specifically designed to be gone through with a friend and we talk about the importance of accountability when it comes to changing your money habits. We talk about why women are reluctant to look at their finances, the impact from generations before us and how half the battle is just getting started.
Toward the end of the episode, Molly shares 4 simple tips that we can implement tomorrow to take care of our finances. She talks about the importance of getting clear on your goals because, without them, we don’t have the motivation to save. We also talk about getting familiar with how much money is coming in and going out and creating a new spending plan.
Check out the Ladies Finance Club website for loads of free resources and tools to help you get started today. You don’t have to be a maths genius, you just need to get started. I love Molly’s mission and how she is really helping women change the way they think and behave with their money. You’re going to love this conversation.
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