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Articles
Millionaire Women Look Ahead
You might be surprised to learn the general profile of a millionaire
woman.
In the book “Millionaire Women Next Door,” Thomas J. Stanley, Ph.D.
found that many people cast millionaire women in a stereotypical
light – wed to their businesses, uncaring, unmarried, unliked,
undesirable, a bunch of angry revenge-seeking workaholics.
The data says it just ain’t so.
Of the millionaire women he studied, the median age was 49, they
work about 49 hours a week and exercise three-and-a-half hours a
week. Only one in 20 has never been married. One in five is
currently divorced. Of those who are married, half had been divorced
at least once. Many report that their former husbands were exploitive
and narcissistic.
For those who are married, only one in 20 reports that her husband
is in charge of the household budget, financial planning, investing,
selecting financial advisors and the like. But 46 percent said that
these decisions are made together.
About one in four attended college but never finished. Sixty percent
are college graduates. Just over half of those who are college
graduates paid their own tuition.
Fewer than one in five ever attended a private school, but 54 percent
have paid private school tuition for their grandchildren. Nearly all are
homeowners.
They are significantly more likely than their male counterparts to
detail household expenses, research stock purchases, hold stocks
longer, use investment counselors, and have defined short and long
term investment goals.
They donate seven percent of their income to noble causes, 3½
times more than the average for U.S. households.
They are frugal. The most they’ve spent on a suite is $400 and more
than four in five develop a detailed shopping list before going grocery
shopping. They are twice as likely to have spent time looking for a
foreclosed property as a new home and are more likely to have
furniture reupholstered or refinished before buying new. They have
switched long distance companies more than the average American
and are significantly more likely to have clothes mended or altered
instead of buying new.
Most are not members of country clubs nor is anyone else in the
household. Nearly 69 percent took on leadership roles before
becoming teenagers.
What I find most important about Stanley’s research is that these
women have disciplined themselves to look forward to the future but
almost all of them had some adversity and reversals in life.
However, only one in five ever spends time thinking about how things
could have been.
The lessons here? All of these women built financial independence
without allowing strife to get in their way. We can learn from their
strategies. A wealthy background, private school education, a
college degree, and a wealthy family or husband are not essential to
building financial independence. Frugality, generosity and a focus on
the future are. Do you have a household budget? Have you analyzed
it lately? What causes do you actively care about? Do you have
personal, career and financial goals?
Only you can do it. Start now!
Get Mary Lee’s new FREE e-book “Make Your Wheel of Fortune Spin
on Balance" by clicking here.
Follow Mary Lee's career tips on Twitter.com at StartingOverNow.
For the FREE Articles: “It’s Not Who You Know It’s Who knows You”
and “Goals - What They Did for Me” go to: http://www.startingovernow.
com/Articles-and-Tip-Sheets.html
Mary Lee Gannon is a cultural turnaround and leadership expert who
went from being a stay-at-home mother with four children to a difficult
marriage, divorce, homelessness, and welfare to CEO. Her book
"Starting Over - 25 Rules When You've Bottomed Out" is available on
Amazon.com and shows how she went from an earning capacity of
$27,000 annually to president and CEO within just a few years. Email
her at info@startingovernow.com.
You might be surprised to learn the general profile of a millionaire
woman.
In the book “Millionaire Women Next Door,” Thomas J. Stanley, Ph.D.
found that many people cast millionaire women in a stereotypical
light – wed to their businesses, uncaring, unmarried, unliked,
undesirable, a bunch of angry revenge-seeking workaholics.
The data says it just ain’t so.
Of the millionaire women he studied, the median age was 49, they
work about 49 hours a week and exercise three-and-a-half hours a
week. Only one in 20 has never been married. One in five is
currently divorced. Of those who are married, half had been divorced
at least once. Many report that their former husbands were exploitive
and narcissistic.
For those who are married, only one in 20 reports that her husband
is in charge of the household budget, financial planning, investing,
selecting financial advisors and the like. But 46 percent said that
these decisions are made together.
About one in four attended college but never finished. Sixty percent
are college graduates. Just over half of those who are college
graduates paid their own tuition.
Fewer than one in five ever attended a private school, but 54 percent
have paid private school tuition for their grandchildren. Nearly all are
homeowners.
They are significantly more likely than their male counterparts to
detail household expenses, research stock purchases, hold stocks
longer, use investment counselors, and have defined short and long
term investment goals.
They donate seven percent of their income to noble causes, 3½
times more than the average for U.S. households.
They are frugal. The most they’ve spent on a suite is $400 and more
than four in five develop a detailed shopping list before going grocery
shopping. They are twice as likely to have spent time looking for a
foreclosed property as a new home and are more likely to have
furniture reupholstered or refinished before buying new. They have
switched long distance companies more than the average American
and are significantly more likely to have clothes mended or altered
instead of buying new.
Most are not members of country clubs nor is anyone else in the
household. Nearly 69 percent took on leadership roles before
becoming teenagers.
What I find most important about Stanley’s research is that these
women have disciplined themselves to look forward to the future but
almost all of them had some adversity and reversals in life.
However, only one in five ever spends time thinking about how things
could have been.
The lessons here? All of these women built financial independence
without allowing strife to get in their way. We can learn from their
strategies. A wealthy background, private school education, a
college degree, and a wealthy family or husband are not essential to
building financial independence. Frugality, generosity and a focus on
the future are. Do you have a household budget? Have you analyzed
it lately? What causes do you actively care about? Do you have
personal, career and financial goals?
Only you can do it. Start now!
Get Mary Lee’s new FREE e-book “Make Your Wheel of Fortune Spin
on Balance" by clicking here.
Follow Mary Lee's career tips on Twitter.com at StartingOverNow.
For the FREE Articles: “It’s Not Who You Know It’s Who knows You”
and “Goals - What They Did for Me” go to: http://www.startingovernow.
com/Articles-and-Tip-Sheets.html
Mary Lee Gannon is a cultural turnaround and leadership expert who
went from being a stay-at-home mother with four children to a difficult
marriage, divorce, homelessness, and welfare to CEO. Her book
"Starting Over - 25 Rules When You've Bottomed Out" is available on
Amazon.com and shows how she went from an earning capacity of
$27,000 annually to president and CEO within just a few years. Email
her at info@startingovernow.com.
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* Starting over in
their career or
personal life
* Empty nesters
* Entrepreneurs
* Networking
* Job Seekers
* Starting all over
again
* Going through a
divorce
* Looking for career
opportunities
* Seeking FREE
career advice and
education
* Finding mentors
* Setting new life
goals
To chart your road
map to success
click here for FREE
"Worksheets and
Articles."
Turnaround Solutions for People & Organizations
Whether you are an executive who is "stuck," your company needs
better productivity, or you are in a life transition you represent the
people and organizations Executive Leadership Coach Mary Lee has
helped. Learn how to clarify direction, create strategy, upgrade skills,
optimize your environment and wipe out fear and doubt. Make it fun =
get more done!
Mary Lee’s strategies from her book “Starting Over” helped her in her
own transformation from stay-at-home mother with four children living
a country club life to the reality of a difficult marriage, divorce, poverty,
welfare and then on to president and CEO. Eliminate self doubt, under-
performance, money fears, relationships woes, and negative influence
so that you may soar. Then lead others to improve their lives and your
business. Start now! For a FREE introductory coaching session via
phone contact info@startingovernow.com.
Whether you are an executive who is "stuck," your company needs
better productivity, or you are in a life transition you represent the
people and organizations Executive Leadership Coach Mary Lee has
helped. Learn how to clarify direction, create strategy, upgrade skills,
optimize your environment and wipe out fear and doubt. Make it fun =
get more done!
Mary Lee’s strategies from her book “Starting Over” helped her in her
own transformation from stay-at-home mother with four children living
a country club life to the reality of a difficult marriage, divorce, poverty,
welfare and then on to president and CEO. Eliminate self doubt, under-
performance, money fears, relationships woes, and negative influence
so that you may soar. Then lead others to improve their lives and your
business. Start now! For a FREE introductory coaching session via
phone contact info@startingovernow.com.
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FREE Resources
to help you:
1. United States of America's
primary source on career
information:
www.onetcenter.org
2. Wage Estimates
www.salary.com and Bureau of
Labor and Statistics
3. Organize Your Job Search -
Post a Question etc.:
www.cvtips.com
4. Starting Over After Divorce:
www.womansdivorce.com
5. Starting Over for Women:
www.makingbreadmagazine.co
m
6. Self Improvement:
www.selfgrowth.com.
7. Job Postings, Resume
Advice and Resources:
www.careerbuiler.com
8. Templates for: business
plans, competitive analysis,
start up costs and more:
www.score.org/business_toolbox
.html
9. Federal/Sate/Local
Government jobs:
www.USAJOBS.com
10. U.S. Government's Free
online courses, webinars and
podcasts for workforce
development:
www.onetacademy.com.
11. Occupational Outlook
Handbok 2008-09 by Bureau of
Labor and Statistics:
http://www.bls.gov/oco/home.ht
m
to help you:
1. United States of America's
primary source on career
information:
www.onetcenter.org
2. Wage Estimates
www.salary.com and Bureau of
Labor and Statistics
3. Organize Your Job Search -
Post a Question etc.:
www.cvtips.com
4. Starting Over After Divorce:
www.womansdivorce.com
5. Starting Over for Women:
www.makingbreadmagazine.co
m
6. Self Improvement:
www.selfgrowth.com.
7. Job Postings, Resume
Advice and Resources:
www.careerbuiler.com
8. Templates for: business
plans, competitive analysis,
start up costs and more:
www.score.org/business_toolbox
.html
9. Federal/Sate/Local
Government jobs:
www.USAJOBS.com
10. U.S. Government's Free
online courses, webinars and
podcasts for workforce
development:
www.onetacademy.com.
11. Occupational Outlook
Handbok 2008-09 by Bureau of
Labor and Statistics:
http://www.bls.gov/oco/home.ht
m
| Mary Lee Gannon is interviewed on Mind Your BIZness |
Listen to Mary
Lee's interview
"From Welfare
to CEO" on the
Renee Bobb
Show on
BlogTalk
Radio.com.
Lee's interview
"From Welfare
to CEO" on the
Renee Bobb
Show on
BlogTalk
Radio.com.
Gannon Group/StartingOverNow.com
Executive Leadership Coaching - Productivity Solutions for People and Organizations
Executive Leadership Coaching - Productivity Solutions for People and Organizations
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Team with Values and Watch
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Team with Values and Watch
Productivity Grow - A
Manager's Toolbox"
and the Executive Coaching Newsletter
.
Mary Lee Gannon's
Book "Starting Over" is
available in bookstores
everywhere or at
Amazon.com - 5 Stars!
Book "Starting Over" is
available in bookstores
everywhere or at
Amazon.com - 5 Stars!
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