EP 156: Overcoming Fears & Investing: Women Empowering Women in The Stock Market

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Overcoming fears is not as easy as it may seem. However, Soo, a member of Power Trades University and a stay-at-home parent, makes it looks easy in this episode of the 5 Year Millionaire Podcast. With no prior experience in finance, Soo's inspiring journey into the world of stock trading not only highlights the importance of facing one's fears but also sheds light on the everyday challenges and victories of managing family finances while learning a completely new skill. Join us as Soo shares her transformative story from learning the basics of the stock market to achieving her first significant trading win.

Our discussion begins with the powerful act of facing our fears. I remember my own hesitation when starting my channel on YouTube—uneasy about revealing my identity due to potential biases about my age and race. Likewise, Soo started her journey with feelings of intimidation and uncertainty, especially since she had no prior experience in finance or investments. Her story serves as a vivid reminder that courage doesn't mean the absence of fear but the determination to confront and move past it.

Soo’s story to overcoming fears is relatable to many. She started her journey into the stock market out of necessity, looking for a way to contribute to her family’s finances without sacrificing the time she valued with her children. Her approach was cautious—using free resources, attending webinars, and gradually investing small amounts she could afford to lose. This practical approach shows that starting small doesn’t mean thinking small.

There really are already so many pressures that women have to face and keeping up with it all can be quite challenging. Now take all that, and add entering into an industry with no experience that is mostly dominated by men. It can be very discouraging for some women and makes it so hard to close the gap between men and women in the stock market. Sometimes, it feels like the expectations are so much higher for a woman than a man when they do decide to enter into the industry.

Soo is changing the narrative. Despite the pressures, the challenges, and the expectations, she is overcoming fears and doing it anyways! She's closing the gap. Thanks to Power Trades University, she has a safe space to do just that.

[00:00:00] Overcame fear of showing face on YouTube.

[00:05:24] Understood the content and made an investment.

[00:07:53] Finding strength to forge ahead despite challenges.

[00:10:55] Passion for family and career in society.

[00:14:26] Overcame fear of live group coaching, benefitted.

[00:18:28] Women learning financial skills for independence and empowerment.

[00:21:56] Money is important but not everything.

[00:24:17] Supportive partners are crucial for navigating challenges.

[00:26:48] Casual conversation with friendly farewell and acknowledgment.