Ask any woman who has gone through a divorce and had her standard of living decline substantially. Ask any woman who's been fired or 'reorg'ed out' and had to scramble to take a job she didn't want. Ask any woman who wanted to quit a job but couldn't afford to. Investing is possibly the best career advice women aren't getting.
Interpretation
Women often face financial challenges and job insecurity, making investment knowledge crucial for empowerment.
In this quote, Sallie Krawcheck emphasizes the importance of financial independence and investment knowledge for women, especially those who have faced life challenges such as divorce or job loss. By highlighting the struggles women encounter in maintaining their standard of living and career satisfaction, Krawcheck advocates for investing as a powerful tool that can provide women with the security and opportunities they need to thrive professionally and personally.
In practice
During a women's empowerment seminar, this quote can be used to encourage financial literacy.
What you hear and what the research shows is that gentlemen negotiate for their first job. Women do not negotiate from their first job and on. And I tell women there is no H.R. fairy godmother. There might be, but you better not count on it.
The research indicates that when we women invest, we women do tend to be more patient, take a longer-term perspective and as a result of it, tend to be better investors than men. But the messages we get are that investing is sort of 'the guys' world.'
As an entrepreneur, I've learned how crucial it is to be able to call a spade a spade and avoid falling in love with a particular strategy or product. Instead, you need to let the customer tell you what she needs - and to change her as she changes.
Somehow, there is this feeling that women require remedial financial education, and so everything must be dumbed down. The reality is that we all need a lot more education, but guys just go ahead and invest anyway.
If you aren't committed to diversity of thought, you have no business launching a startup.
In the old world of business, there was often just one seat at the leadership table for women, two at best. That meant that only so many women could advance. But in a world where women recognize the power that they own - and where technology can upend the traditional rules of engagement - one woman winning doesn't mean another loses.
You don't get this opportunity many times in life to compete against the best in the world every night. I certainly didn't expect to have 10 or 11 years of chances at it, so I don't want to take that for granted.
There isn't anything I wanted to do that I haven't. At the same time, there isn't anything I've ever done that I didn't want to do better.
Success doesn't come instantly. Neither does the ability to lead.
Arsene Wenger asked me to have a trial with Arsenal when I was 17. I turned it down. Zlatan doesn't do auditions
Stardom is just an uneasy seat on top of a tricky toboggan. Being a star is merely perching at the head of the downgrade. A competent featured player can last a lifetime. A star, a year or two. There's all that agony of finding suitable stories, keeping in character, maintaining illusion.
What I learned from that loss, and also another loss that I'm going to talk about later, was that when you're there, it's not good enough to be there, when you're there, you better walk away with that ring.
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