3 Crucial Things Third-Grade Girls Can Teach Us About Our Finances

3 Crucial Things Third-Grade Girls Can Teach Us About Our Finances

My friend Julie recently told me the story about when her 8-year-old daughter Kate came home from school and declared that she was bad at math. Julie could not believe her ears. Why would a third-grader think she was bad at math? Julie immediately pulled out Kate’s standardized test results to prove to her daughter that she was indeed great at math (she had scored in the 95th percentile).

What We Think About Most Is What Shows Up in Our Lives

What does this mean? What we say to ourselves is processed by our subconscious and will often bring about results (undesirable as well as desirable results). Have you convinced yourself that you are bad at math, that you make terrible financial decisions and that you don’t do numbers? How do you think having this belief has impacted your financial success? Convincing ourselves that we are weak in an area may be setting the stage for failure.

Don’t Sell Yourself Short

Now, I’m not saying that you must be an expert in every area. Actually, I believe in working with experts. I am a CPA, but don’t prepare my own taxes because this is currently not my specialty nor is it what I enjoy doing. I would rather pay for expert advice and spend my time and energy doing things that I enjoy and also do really well. What I am suggesting is that when we resist a particular area of our lives and when we convince ourselves that we are unable to handle parts of our lives, we are selling ourselves short. Even if you work with an expert it is important to stay involved and aware or you won’t be able to maximize your results.

Women often sell themselves short when managing their money. They have decided they are dumb at all things financial. In actuality, these women often are just inexperienced - they have not yet learned about making good financial decisions. The confusing jargon in the financial world only confirms their belief.

Act the Part

What would happen if you were to pretend that you were actually savvy when it comes to money decisions? Try this for a week. See how much easier it is for you to take in information that can benefit you. If you work with an advisor, notice how you are able to ask the right questions and receive answers that add to your confidence level. If you are doing research or your own planning on sites like LearnVest, notice how your attention is more focused. This positive mindset will enable you to learn to be wise in your financial life.

And, what about Kate? Suprise, surprise: After Julie showed her standardized test results Kate did wonderfully well in all of her math classes.


Ellen Rogin, CPA and CFP®, is the President of Strategic Financial Designs, a life and wealth advisory firm in Northfield, Illinois. Ellen is co-author of the book, Great with Money: The Women’s Guide to Prosperity. www.ellenrogin.com


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