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Money Grows In Groups
By Candace Bahr,
CEA, CDS
 What do women like more than chocolate?
Lots of things come to mind, but
the surprising answer is… cooperation!
Though candy is dandy, an MRI study
at Emory University found that women's
brains light up with pleasure when
helping each other.
This study explains women's attraction
to group endeavors -- book clubs,
investment clubs, weight loss groups.
We love to join together and help
each other succeed.
Friendships between women are special,
so why not use that power to set
goals and stay on track financially?
That concept led us three years ago
to develop the free non-profit Money
Clubs. While investment clubs focus
on buying and selling stocks, Money
Clubs cover the 360 degrees of women's
lives, and they really work.
Take Sharlyn in Temecula, CA who
is in her early fifties and manages
a landscape office. She discovered
our free website www.MoneyClubs.com,
and started The Gold Diggers Money
Club. Using the 33 Money Zones from
the website, they've explored many
different financial issues, from
money attitudes to retirement planning.
Sharlyn says that her money mindset
has changed since starting the Money
Club meetings. With the help of others
in the group, she discovered the
benefits of paying down her mortgage.
To capture extra funds, she learned
from others in the group how to shave
expenses. She uses coupons to double
the savings at the grocery store,
and making her own lattes at home
saves $6 per week. She's paid off
her credit cards, and now the extra
funds go into a retirement account
for her future.
Clubmember Cindy, a single mom in
her early 40s, refinanced her house
to get a better interest rate. Cindy
is attending retirement seminars,
and is saving money by judiciously
purchasing groceries on sale in smaller
quantities so she won't have so much
waste.
The Gold Diggers found that getting
together with girlfriends is not
only fun but profitable. That's why
15.62% of respondents to a recent
survey by Citigroup's Women & Co.
said they had formed a financial
support network. Money Clubs have
led the way. There are now nearly
200 in-person Money Clubs nationwide,
500 women participating in on-line
clubs, and over 50,000 people who
are taking charge of their lives
the Money Club way.
 Starting
your own Money Club® is
powerful concept that can change
your financial life, and it's all
there for you to use for free. So
give it a try and let us know how
it works for you.
Now, what would happen if we got together to eat chocolate…
Join with others. Amazing things happen in the Money Club.
At WIFE we welcome your comments. Please feel free to contact us. |
