Mary King's eNews - What are Women Worth?
February 2008
Hello,
Did you know women hold only 7% of top earning positions in the ASX 200 companies? Looking at the top earners in nine out of ten Industry Sectors, women's median salary is just 58% of the male median earnings. These rather startling facts are detailed in the Equal Opportunity for Women in the Workplace Agency Top Earners Report released 24th January 2008. Jen Dalitz SheEO of Sphinxx asks the question, "Do women really care?"
I am certain some women do care. Other women may care and accept it as just another norm they feel powerless to change. Some may not care at all because they value the responsibility, the freedoms and the sense of achievement their job gives them; and for others perhaps working is an option (rather than a necessity) because their partner is the major provider in the household.
Women are biologically determined to focus on nurturing their families and their relationships. Our culture often provides that women are 'cared for' by their partner, so the achievement of high-status, high-paying work seems secondary. But being excluded from 93% of work/reward positions, and paid just 58% of what a man is worth is alarming.
Many women, even today, are still living their man's life. We must begin to think in terms of our financial welfare. Women need to be financially independent so they can live their woman's life rather than their man's life. As long as women realise there is a need to plan and prepare for their financial future I think their health and general wealth (health is an important component of wealth) will be better for it.
I believe women need to start creating their Financial Freedom. And one of the routes is to create streams of passive income (money you receive without working). Women must learn to save a portion of their income and then invest the savings.
Results from Australian Unity's Wellbeing Index survey of 2000 Australians show that low-paid women are more likely than men to think that a doubling of their household income would increase their levels of happiness. Report author and Deakin University researcher Bob Cummins said this belief left many women vulnerable to get-rich-quick schemes and disreputable operators promising easy money.
The two-day workshop Rich is Better - Wealth for Women 10th & 11th May provides important foundations for financial intelligence. If you're not already wealthy this workshop is an essential step on the path to becoming wealthy. 'Even a very long march begins with a very first step' (Chinese proverb). Early bird (with bonuses) finishes on Friday 25th April. Do it now.
If you're still not sure - read testimonials.
Rich is Better - Real Estate workshop provides practical information about how to become wealthy through property. The first workshop was held this month and words of endorsement by participants were 'real' and 'realistic'. Read testimonials. The next date is 17th May. Early bird (with bonuses) finishes 2nd May. Register here.
The question I'd like to leave you with as I close is - Can you afford not to learn how to get started growing your financial intelligence?
Best wishes for your financial freedom,
Mary King
Rich is Better - Wealth for Women
Phone 03 9882 1886
If you would like to receive Mary King's monthly e-news, you can subscribe now.
