Thursday, 14 June 2007

Good with money... me?

Who's more money savvy - men or women? Lisa Bjorksten's blog entry on news.com.au today claims there will be more female millionaires than male millionaires by the year 2020. What the? Yep, and apparently new research has shown that less than a quarter of female millionaires attribute their weath to a perk of marriage. Nice work ladies!

While we still lag behind men in the wages stakes and, spoken or not, there is still a stigma attached to high-power business women - can anyone say bitchy? And there is of course, our (generally speaking) flippant attitude towards spending and wracking up debt on credit cards for the latest must have outfit. Silly women like us could never do something sensible like invest, could we?

But it's inspiring to hear of women making a name for themselves and reaping the financial success. In a recent issue of Virgin Blue's Voyeur magazine I read an article on self-made millionaire Lorna Jane. For a woman who started out making work-out gear in the back room of a gym where she taught classes, she has certainly raised the bar. Her business now includes 30 concept stores and three Bodywize Health & Wellbeing Clubs in Australia, as well as stores in Singapore, Taiwan and New Zealand and one opening soon in Hawaii. The empire also includes the Your H2O water company. And if you've ever bought some of her trendy, and ultra comfortable sportswear you can see why her business works.

Other female financial success stories that come to mind include founder of Boost Juice bars, Janine Allis and creator of Bloom cosmetics, Natalie Bloom, who started the business at only 22!

Following on from my post on Friday about Generation X, the proof is in the number of young business women in Australia right now. Founder of Sweaty Betty PR, Roxy Jacenko, threw in her job as a PR representative to go out on her own at the age of 23. Within three years of operation, Sweaty Betty is now known as one of the hottest fashion PR firms in Sydney - with over 60 clients.

There is money out there to be made, and girls are just as likely to make a million (if not more) as guys are. If you work hard and really believe you can do it, there's no reason you can't be the money savvy one of your group... or relationship!

Notes on Glossy Paper

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