Do you know your money story? Find out how you can transform your financial dialogue in today’s podcast interview with Morgan Newman. Morgan is Director of Investments at Oppenheimer & Co. Inc. and one half of The Newman Group – a mother-daughter team of financial advisors. Her mom, Cindy, is her business partner. They’ve built our practice in our belief in women’s empowerment through financial education and are dedicated to creating the space or women to talk about money in an open and safe space. Take a break today and discover “How You Can Own Your Money Story.”
What is a money story and how is created?
“Your Money Story is formulated in your early years, often times without you even realizing it, it’s how the values and feelings you inherit about money that carries with you throughout your life and plays a role in the money decisions you make every day.”
Why do you think money defines who we are and how we feel about money?
‘Keeping up with the Jones to the pressures of social media – sense of inferiority. Don’t compare your behind the scenes to someone else’s highlight reel. People only mention the positive – we don’t like to talk about failure – when was the last time someone mentioned the bought a stock that bombed?”
What are some strategies you do to help women start to have conversations about their wealth management?
“The first step in creating open conversations about wealth management is for everyone in the room to recognize that these are just numbers. How much money you have is not indicator on who you are as a person. Your net worth is not your self-worth. So we have to separate our shame, pride, ego, and embarrassment, whatever the emotion might be from our finances. Once we can create that separation, I find that the flood gates open. Find women want to see each other succeed, to get make good decisions and to get ahead in life – the idea sharing and support that comes from these conversations are incredibly inspiring and motivating.”
>> “Stop saying sorry – in all aspects of your life but especially in your financial life.”
Why is it so important that women feel there is a safe space to talk about money?
“On an individual level, Money touches all of us, in every aspect of our lives, in almost every decision that we make. So we need to talk about it! If you aren’t getting paid what you’re worth, you need to know this information so be prepared to advocate and negotiate for a higher salary – your future self deserves it.”
Thank you Morgan Newman for being a guest on the show! Connect with Morgan Newman on LinkedIn
Natalie Benamou is the Founder of HerCsuite™, an all-in-one membership platform that gives women a mentoring and advisory framework to achieve success in every phase of their careers. Join HerCsuite™ as a team and save. Send a text to Natalie 224-209-6424. Get your free 30-day trial here from Aaptiv our show sponsor.
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Hi! I’m Natalie Benamou HerCsuite™ Radio host.
After speaking with many women over the past year, I was inspired to launch my second podcast and share information that will lift women up during your busy schedules. I am so excited to share insights from leaders across industries to help you find balance and most importantly take 15 minutes for yourself to feel inspired. Have a favorite episode? Share it with a friend or colleague today.