I am the founder and host of OUR MONEY POWER – a podcast for women who are ready to stand in their money power and invest with their values. I started the podcast last year, for many of the same reasons that I got involved with Invest for Better. I had my own “financial awakening” just a few years back when I realized I could no longer sit on the sidelines of my own money power, as so many of us are socialized to do. Women don’t tend to talk about money or investments with each other, as men do – and that keeps us playing small. It certainly doesn’t help us build wealth or have agency around our money.
Women tend be better investors than men, we just don’t believe that about ourselves. Research also shows that women are much more likely to move their money in community or within circles of other women – which is why the Invest for Better model is so powerful!
IFB welcomes women exactly where they are on their investment journey – whether total beginners or more experienced investors who want to deepen their knowledge about gender-lens and impact investing. As a mission-driven person, the concept of investing with my values really resonated with me. I loved the idea of peer-to-peer learning circles too. Having recently co-led two IFB circles, I have experienced the impact of this model first-hand, for participants and co-leaders alike. My learning circles ended up being great for accountability too – as we would share our “money moving” wins at the end of each session.
My first money move in my IFB circle was to look at my retirement accounts – and for the first time examine what I was actually invested in – as I’d never paid attention before. It was very exciting to learn that I could move some of my investments in my Roth IRA to funds more supportive of women’s leadership – without any tax consequences. Looking at my investments through the lens of what I valued most, made investing so much more interesting! I learned that I could grow my money — AND support what I valued. I got so inspired that I wanted to bring other women along.
This curiosity was my starting point for joining the incredibly welcoming Invest for Better women’s community. I knew I wanted to join a circle – though I was very hesitant and nervous to lead one because I didn’t have a background in the financial services sector and believed I was at the beginning of my own investment journey. Fortunately, IFB co-founder, Ellen Remmer, encouraged me to lead a circle anyway – and then matched me with a co-lead who had a professional financial services background. I had such a positive experience co-leading my first circle, that I eagerly decided to co-lead a second group (and intend to co-lead a third soon). If you are all considering being a co-lead, I cannot recommend it enough – as there is so much built-in support for new leaders.
One of the roles of the leaders is to invite women into the circle. As a white LGBTQ+ identifying woman, I was especially mindful to invite a diverse circle of women. One of my IFB circles was composed of mostly BIPOC women leaders at large philanthropic institutions. They were moving significant amounts of other people’s money all day long, but didn’t feel much agency related to their own personal investments and family finances. IFB gave them the confidence they needed to consider their own money.
IFB provides the community, support and structure for welcoming women wherever they are at on their investment learning journey. If you are ready to step into your own money power, the IFB community is a great way to start – and co-leading a circle is an especially powerful invitation to bring along your friends and other women to stand in their money power too!