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Unveiling the Path to Financial Freedom: Unlocking the Secrets of Women's Economic Empowerment with Manisha Thakor
Episode Summary –
In this episode of the podcast “Work From Your Happy Place,” host Belinda Ellsworth and guest Manisha Thakor explored the topic of women's economic empowerment and financial well-being. With over 25 years of experience in teaching about starting a business and assisting women in achieving financial success, Manisha Thakor is a nationally recognized thought leader in this field. In the episode, she shared her insights and strategies for attaining both financial and emotional balance in life.
“Have a purpose, have a vision of what a healthy relationship with money looks like, and use that to motivate yourself to address financial challenges.”
In this blog post, we will delve into the key learnings from this inspiring episode, highlighting the importance of reframing our mindset around money, seeking support, and fostering open conversations about finances.
1. Overcoming the “Cult of Never Enough”:
Manisha discusses how many individuals, particularly women, fall into a mindset where they feel they haven't done enough or earned enough to deserve happiness and joy. She attributes this mindset to several factors, including societal undervaluing of women's contributions and the constant need to prove oneself. Manisha‘s research reveals that this pervasive mindset impacts women across different income levels, ages, and professions. Recognizing and challenging this perfection mindset is crucial for empowering oneself financially.
2. Rebalancing Financial Success and Emotional Well-Being:
Manisha emphasizes the need to achieve “monies in,” a state where calm, confidence, and clarity about the role of money in our lives are achieved. Balancing financial success with emotional well-being involves honoring both financial and emotional needs. Manisha shares her personal experiences of focusing solely on work and money, neglecting her emotional well-being until health crises forced her to reassess her priorities. This revelation led her to shift from a corporate career to creating her own consultancy, prioritizing a healthier work-life balance.
3. Seeking Support and Expertise:
Manisha believes in the power of self-belief and having faith that everything is figureoutable. However, she acknowledges the importance of finding the right people or experts to fill in knowledge gaps. Seeking support from trusted mentors, professionals, or joining financial empowerment groups can provide valuable advice and encouragement on the journey towards financial independence. Finding the right support system ensures that we have access to the knowledge and guidance needed to make informed decisions.
4. Overcoming Barriers Through Conversation:
A significant barrier for women in achieving financial empowerment is the taboo nature of discussing money openly. Manisha urges women to start breaking this barrier by engaging in conversations about money, salaries, and financial struggles. Starting small and informally, such as asking a friend or colleague about their best money move, can be a powerful first step. Manisha suggests creating financial empowerment groups as safe spaces to discuss and learn from each other's experiences.
The “Work From Your Happy Place” podcast episode featuring Manisha Thakor offers invaluable insights into women's economic empowerment and financial well-being. By reframing our mindset around money, seeking support and expertise, and fostering open conversations about finances, we can move closer to achieving both financial success and emotional well-being. Manisha‘s teachings resonate across different income levels and professions, highlighting the universal relevance of addressing these issues. Let's embrace the power of financial empowerment and work towards a future where women thrive in all aspects of their lives.
About the Manisha Thakor –
Manisha Thakor is a nationally recognized thought-leader in the areas of women's economic empowerment and financial wellbeing. Her work has been featured in The Wall Street Journal, The New York Times, Forbes, Fortune and many others. Manisha earned her MBA from Harvard Business School and BA from Wellesley College.
How to Connect Manisha Thalor:
Website – https://moneyzen.com/
Twitter – https://twitter.com/manishathakor
Instagram – https://www.instagram.com/manishathakor
LinkedIn – https://www.linkedin.com/in/manishathakor
Youtube – https://www.youtube.com/user/ManishaThakor
Facebook – https://www.facebook.com/ManishaThakor