Minnesota Women's Press | St. Paul, MN


home : commentary : leadervoice June 28, 2016

Financial intent
Women are living longer and earning more
95 percent of women identify themselves as the primary financial decision-maker of the household.
by Nicole N. Middendorf

A critical mass of women-both married and single-controls a greater share of the nation's wealth. Women are assuming more powerful roles in their family's financial decision-making and in business.

According to Pax World Investments, women control more than 48 percent of estates worth more than $5 million. "Women & Wealth" found that the wealth owned by women is projected to grow by 8 percent annually from the end of 2009 through 2014. And according to a Prudential study, 95 percent of women identify themselves as the primary financial decision-maker of the household.

Yet many women experience fear and intimidation around money. Many women are fearful about their financial future. Issues we may have with money do not go away. They can get worse. But working with money issues is like having a clean house-if you do a little bit at a time, it will not be as overwhelming. If you clean or organize your house on a daily basis, then your stuff doesn't just pile up.

Money fears can be overcome by facing them head on. First, assess your situation. Then set goals. And write your bucket list.

Personally, my life dramatically changed two years ago and I vowed to not live another day unhappy. I wrote my bucket list and I try to cross off one thing every month. I have gone sky diving, rappelled down a building, ran a 5K, swam with sharks, drove a race car and more. Having a bucket list keeps you focused on what is important in life. You can live life with intention with your money and without fear.


Financial planning is a continuous process. Look at the "what ifs" in your life so that you can be better prepared and not fearful. Ask yourself what would happen in these kinds of life-changing situations:
1. What if I lose my job?
2. What if my spouse dies?
3. What if I get a divorce?
4. What if I die?
5. What if I get pregnant?
6. What if my parents die?

It is time, with the new year, to set the intention to live consciously with our money and with happiness. We need to face the future with optimism and confidence and figure out the answers to the "what ifs" of life.

Nicole N. Middendorf is a Financial Advisor and Certified Divorce Financial Analyst with Prosperwell Financial. Securities offered through LPL Financial. Member FINRA/SIPC. www.prosperwell.com

Got A Voice?
We'd like to hear it.
For writers' guidelines, click on "AboutUs." Email your 450-word personal essay to editor@womenspress.com

Article Comment Submission Form
Please feel free to submit your comments.

Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

Note: All information on this form is required. Your telephone number is for our use only, and will not be attached to your comment.
Submit an Article Comment
First Name:
Last Name:
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.

Advanced Search

      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    

Dakota Jazz Club.ROSBanner 1-2016

Home | Features | Commentary | ReadersWrite | e-Edition | Get A Copy | Calendar | Classifieds | Advertise | Women's Directory | BookWomen | Extras | Life
Minnesota Women's Press, Inc., 651-646-3968
Site Design and Content
Copyright 2016

Software © 1998-2016 1up! Software, All Rights Reserved