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networking

9 Characteristics of Millionaire Women

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9 Characteristics of Millionaire Women

If you're a woman in business, you might benefit from checking out your local eWomen Network chapter meeting for networking and communication opportunities. I went to such an event in Dallas and am happy to share some of the key information the featured speaker presented. The topic was closely related to my goal this year: increasing my financial awareness, and the speaker was Ashley Parks.

Here's what we learned: among Millionaire women, the following mind-sets and behaviors can be observed.

Perseverance

Millionaire Women keep going, they don't easily give up.

Resilience

Millionaire Women pick themselves up after set-backs.

Family

Millionaire Women are aware and take care of long-term care-taking issues.

No trading up

Millionaire Women don't adjust their spending habits according to their increased income. For example, houses may be renovated, but not necessarily dumped for a bigger, better model. Same with cars.

Goal orientation

Millionaire Women are smart and realistic about planning, setting goals, and taking the necessary action steps.

Frugality

Millionaire Women respect their resources and don't waste them.

Status is not a priority

Only a relatively small percentage of Millionaire Women is actually member of a country club.

Detailed tracking system

Millionaire Women are aware of their expenses, and periodically do a spring-cleaning to check for lower rates, e.g. of cell phone, cable, and utilities service providers.

Investment expertise

Millionaire Women research the investments they choose and use investment counselors. They know that at the end of the day, it's their signature on the papers that the IRS holds responsible.

What does this mean for us normal mortals?

Be pro-active in your financial planning and make sure the options you choose are a good fit for you. If you've been in the market for a while and there's been a change in your situation, e.g. divorce, new job, new house - check if your portfolio still fits you or needs an upgrade.

In relationships, talk openly about money and your spending habits, and especially long-term retirement and elderly care planning.

The call to action now is for you to commit to begin getting real about your financial status within the next 72 hours. Pull up your accounts, open your statements, even those dreaded credit card bills: you can only tackle what you know. To help you get started, check out the Allianz Women Money and Power Survey and do their worksheet.

What can you commit to getting more aware of your finances? Please share in the comments!

Ashley Parks has been helping families make smart choices for over 10 years. Her education as a Certified Financial Planner™ professional, and her role as a financial adviser and an insurance adviser has given her the ability to help clients with varying goals and resources. On a personal note, I found Ashley to be open, friendly, informative, approachable, and passionate about sharing her wealth of knowledge on the subject of financial awareness.

Image by Nosocksleft, flickr, Creative Commons License

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Twitter Review

Yes, I'm one of the many who've joined in on the fun over at the micro-blogging site. Many bash it and call tweeters or twitterers names ("narcissist!" chief among them), and they may be right. There's no denying the status twitter has achieved among the public though, considering how recent events managed to collapse all sorts of servers, or the money and awareness that's being raised about a diversity of topics while you're reading this.

Here's a collection of 20 recent micro blog-posts (tweets) I shared. Some are questions, some are quotes or thoughts for the day, some ramblings. If there's an "@" involved, that may mean I'm replying to somebody. Adding an "@" before any screen-name/twitter moniker automatically links back to that person's collection of tweets. "RT" is equivalent to a "forward" in your email; letting other people know what somebody else has said that I find noteworthy. Oh, "following" someone means their new tweets are pushed into my "inbox" automatically. So far, so confusing? Alright then, in 140 characters or less, here we go:

  1. How much time does everyone spend on twitter/social media on an average work day? IOW, which % of your marketing strategy does it represent?
  2. Have you heard? 2009's "best companies for multicultural women," article here: http://tinyurl.com/ng3twv
  3. Reading litemind and recommending it: http://litemind.com/thinkin... Part 1.
  4. interview with @jerryweinberg about overcoming fear, permanent employment vs. consulting, client selection http://blog.bizconf.org/?p=22
  5. RT @J_Canfield: Coaching can help u maximize ur inner strength,channel ur energy & explore the true potential that u’ve always had inside u.
  6. I <3 Southwest RTAbsolute MUST READ "Top 5 reasons why 'The customer is Always Right' is wrong" http://tinyurl.com/3ddnv4 (via @gwenbell)
  7. There are no good excuses,but in case you needed convincing: RT @MatadorNetwork: 6 Bad Excuses Not To Study Abroad http://tinyurl.com/npnaho
  8. Also: new blog post http://bit.ly/pWpVC Thanks for comments!
  9. Dear new followers - bear with me, I'm not automating responses so the personal touch takes a little while. Know that you are loved! :-) Dee
  10. Best article on marriage. Honest, raw, fabulously written, lots of references. RT @gwenbell: RT @derekscruggs http://bit.ly/Kx2FO
  11. Dear Expats: FYI, the beeb is changing its international pages layout. http://tinyurl.com/nn48lj
  12. Thought for the day: It doesn't matter how fast you go, as long as you're moving in the right direction.
  13. Another great #toastmasters meeting, 4 more new members adding their energy - ours is a fab club! Bed now, busy week ahead. Night tweets!;)
  14. more info in this book: http://tinyurl.com/5ltea2 RT NicoleSimonCaring for Your Introvert - The Atlantic (March 2003) http://ow.ly/eguI
  15. "All of us feel like our aspirations are garbage sometimes." (roughly translated) http://tinyurl.com/l3zu82
  16. any twitterer who went? what did you think? RT @expatsguide China's first Gay Pride event, organized by expats: http://tinyurl.com/mepq6l
  17. Consultoría 2.0 enfoca en las personas; reflexión sin ejecución no sirve para nada. RT @PilarJerico Entrevista El Pais http://bit.ly/pqWZg
  18. just watched and loved "The Anonymity Project - The Post Secret Effect" http://tinyurl.com/navcrb
  19. You gotta know your exit strategy from the start: @expatcoachmegan has this expat tip: http://tinyurl.com/lyyw4n
  20. Welcome to new followers @xlnation @KeanuFansWoah @Lucidology @Twitter_Tips @SOHP_com @DrJennifer @PaulaTeeter - nice to tweet you! :-)

You'll have to try and see if you like it and if it's worth your efforts. Beware that it may be so interesting to keep reading that you lose track of time. For me it's a great way to stay in touch with some of my friends, expand my professional network, and send quick notes when there's no time for a "proper" blog post. So, in case you don't want to wait til next weekend, come find and follow me on http://twitter.com/deesbtlyw for daily tweets. :-)

Question:What are you looking for in my tweets?How will your time & attention best be served?Do you really read'em or is it about numbers?:) Cheers and have a good one! Dee xx

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Networking scams

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Networking scams

Samuel Johnson said, "It is better to suffer wrong than to do it, and happier to be sometimes cheated than not to trust." Happy Halloween everybody! Seems like with all of the ghosts and disguises around these days, virtual ghouls also have a way of creeping out of the woodwork lately...

A couple of weeks ago, I received a formal letter by the National Association of Professional Women, acknowledging my accomplishments and inviting me to join their ranks in order to be able to network with fellow professional women nationwide. I was flattered, and since I seem to remember the letter saying something along the lines of, "sign up for free", I went to their website, had a look around, liked very much what I saw, and signed up.

Yesterday, lovely Nadia called me to confirm my membership and check some facts about my application. We chatted about my educational background and work experience, nothing of which is a secret as I have it available on my public profiles such as linked-in and xing. The conversation was really pleasant, and I commended her on being such a passionate advocate for enhancing women's opportunities in the world. She even remained friendly every time I refused to hand over my credit card details and be charged for the many levels of elite, gold, standard etc memberships she offered. The price went down from $689 via $489 to finally "complimentary", and I'm glad this peculiarity managed to penetrate the subtle flattery she used throughout the chat, so in the end I did not bite.

Today, I received a letter from Cambridge's Who's Who directory, acknowledging my accomplishments and inviting me to join their ranks in order to be able to network with fellow professional women nationwide.

A Google-search on this latter letter quickly turned up articles on websites like ripoffreport.com and scam.com, citing numerous complaints, even information on a fine of $50,000 that the owner was sentenced to pay. And yes, it appears that the above mentioned National Association of Professional Women is run by the same man for the same purpose - cheating trusting new business owners and other vulnerable members of society out of their hard-earned money.

My message to you today is this: you ARE valuable, and your accomplishments ARE appreciated, but please DO NOT PAY anyone to validate yourself. Also: trust is good, but knowledge is better. Do your research. Websites like the above as well as the Better Business Bureau allow you to check up on shady business in case you have any reservations. If you are interested, see what I have previously written about networking here.

Til next time! Speaking of which, remember to turn back your clocks one hour, daylight savings time ends on November 2nd!

 

Image by Jim Staley, Flickr, Creative Commons License.

 

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Networking

Whether for personal or professional reasons, knowing other people does have its benefits. Still, as Oscar Wilde has been loosely quoted, "some people brighten the room by entering it, others by leaving", so it does pay off to be particular and make choices as to whom you are connecting yourself. After all, you are about the average of the ten people you spend the most time with. Here are some questions to ask yourself when making networking decisions:

1. Why am I interested in this person/group? What do they have to offer me?

2. What can I bring to the table to make this person/group be interested in having a connection with me?

3. Are their ethics and values in line with my own?

4. What are the rules, what is the culture of the person/group?

5. Will they expect me to contribute money/time/volunteer/help out? Will these activities complement my schedule or be a burden?

6. How often do they meet and where? Do they offer activities/speeches that will be interesting?

Networking has become both more important and easier in recent years. Websites like linked-in and xing offer free basic services to reconnect to old high school mates, find colleagues in your organization world-wide, and join discussion forums in topics of your choice. For a paid upgrade to a professional account you gain access to a greater database, giving you more elaborate search possibilities as well as internal emailing options. It's up to you what you make of it; you'll meet new people, prospective clients,  reconnect with long-forgotten acquaintances, find or be a mentor in the area of your interest in the measure that you participate in debates and collaborations.

I recommend this kind of service to anyone, especially if you've just moved somewhere new and want to establish a new circle of friends and business contacts. Unless you're happily introvert, because let's remember that not everybody enjoys spending much time nor gets energized in groups,  establishing a social circle will make adapting to your new circumstances much easier. If you're an expat and you've moved internationally, it may be the least daunting to start by checking out groups of your own nationality that have been established locally. These may be specific expat groups, or groups supported by local chambers, embassies, churches, or language schools. You'll be sure to find like-minded people who speak your language to show you around and help you find your way to the post office.

On a personal note, I've recently enjoyed a mix-and-mingle happy hour with the local German-American Chamber of Commerce in Dallas. Turns out there are quite a few Deutsche around this area, and it was a nice change to speak German again and compare notes. If you have a minute, check out their blog and see if you can spot Waldo me in one of the photos. Also, please check out my new website and the survey I've prepared in order to find out expat coaching needs first-hand. Thank you as always for your participation!

Until next time, happy networking!

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