EP 159: Building Wealth and Retirement: Women Empowering Women in The Stock Market

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Building wealth and planning for retirement seems to continue to become more challenging. In fact, did you know that the average retirement age in the United States keeps moving further into the 60s each year? For some, retirement isn't even an option, especially for those who are self-employed, like Annette from Power Trades University. 

In this episode, Annette and I continue our 'Women Empowering Women' series, where we dive into building wealth long-term. We explore the realities of retirement planning in the hairstyling industry. In some cases, it's where options are limited, and the future can seem uncertain. We discuss the importance of investing for retirement, opportunities for financial growth in the beauty industry, and the transformative power of learning about stocks and options.

Retirement can seem intimidating for self-employed people in the beauty industry. Luckily, while planning for retirement, Annette discovered investing in the stock market through one of my Master Classes. Bravely, she took a bold leap into trading, and embraced the chance to expand her financial knowledge and empower herself. Initially, her journey from educator to entrepreneur seemed daunting. However, she demonstrated resilience and determination. Ultimately, Annette’s brave step into endless possibilities from the stock market showcases the potential for anyone to achieve their financial goals. 

Annette's journey from school teacher to hair stylist to stock trader highlights the transformative power of financial education. Learning the basics of trading and investing gives people the knowledge and confidence to navigate the stock market. In addition, embracing continuous learning and using resources like Power Trades University, is key to building financial literacy and independence.

     Everybody can be good at math. Everybody can be good at numbers. Everybody can be good at arithmetic. If we start there, I think more people, more women, would get involved in this"

Annette's message to women was clear: despite the stereotypes, women can do this. They can do math, they can find the time, and they do have the option to pursue trading. I added that it's important to create space for women to engage in trading by sharing household responsibilities with their spouses. Women can do it all, but that doesn't mean they should have to. With the right coaching and education, they might even have the potential to be better traders. 

Join us as we dive deep into the world of trading, investing, and creating opportunities for financial success. Above all, let's empower women to pursue their financial goals and achieve lasting financial independence. Watch the video version below:

[00:00:00] Achieve financial freedom with strategic investing mindset.

[00:06:05] Salon owner's childhood dream led to success.

[00:09:52] Navigating retirement options and responsibility in industries.

[00:10:52] Stressful experience navigating insurance and financial advice.

[00:17:09] Increasing earnings through extra bookings and strategies.

[00:18:08] Beauty industry income fluctuates, but can grow.

[00:23:05] Realizing potential for funding retirement in industry.

[00:25:21] Managing apprehension while learning and trading stocks.

[00:27:45] Former gang member laments about past choices.

[00:32:50] Many prefer real money over practice accounts.

[00:35:01] Monitoring investments helps with learning and understanding.

[00:38:58] Encouraging women to take control of finances.

[00:41:07] Lack of business classes impacts women's opportunities.

[00:44:12] Women's wedding planning skills could benefit finance.