Have you ever felt lost, overwhelmed, judged or inadequate when it comes to how you earn, spend or manage your money? I certainly have.
I have spoken to many people who also feel this way, yet we do not openly talk about it. I think it is time we change that and shine some light on the issue.
Why am I so passionate about financially empowering people, particularly women? It comes from my own experience. I had what I was regularly told a successful career, especially for a woman (more on that another time).
But I felt judged as it was insinuated that being professionally successful must mean that I was a neglectful mother. On the flip side, if I did not accept an amazing career opportunity or promotion because of the sacrifice it would mean for my family, I was judged for not being ambitious enough and making it work.
Once I worked on my money mindset, I felt so much freer to make the changes and choices I knew would lead to a happier life
Carol Glynn
What I learnt, however, is that it was not other people’s judgments that made me feel this way. It was my own. I was staying in my career for all the wrong reasons. I was miserable and had no direction I felt passionate about. I coasted along because my job brought financial security for my family.
I finally admitted that my career was not fulfilling. But giving up the high-paying finance role that I spent 19 years building was a daunting prospect.
It felt ungrateful, indulgent and selfish to even consider giving it up. I also told myself I did not want to waste my qualifications and years of experience. That was certainly part of it, but really the issue was risking the income I earned. The prospect of earning less or not being financially independent terrified me.
I always knew I had a scarcity mindset when it came to money but I never put in the effort or time to deal with it. It was one of the biggest issues holding me back from living a more fulfilling life.
When it came to risking my financial security, I felt paralysed. It scared me into doing nothing and persevering with a career I knew was not ticking all the boxes for me for far too many years.
But once I worked on my money mindset, I felt so much freer to make the changes and choices I knew would lead to a happier life.
And then I got thinking. If I – an experienced chartered accountant who loved numbers and maths, with the knowledge and skills to manage my own money and investments – felt this lost and fearful, how would it be for those who fear working with numbers and have no experience with spreadsheets and investments or were never taught money management skills?
I set about researching the subject and quickly found my passion. I spoke to friends, family and colleagues and found that many people admitted to feeling ashamed, overwhelmed, undereducated and unskilled when it came to managing their money.
But one demographic stood out: women from all nationalities, professions and education levels also felt this way. Studies told me that only 27 per cent of women learnt to manage money or invest in school while 47 per cent feel fear, inadequacy, anxiety and dread when the word “money” is mentioned.
Sadly, 81 per cent of women experienced negative stereotyping when dealing with financial advisers, banks or other money institutions. This equally angered and saddened me.
But it led me to finally find a career I would not only love but one in which I also feel like I am contributing something positive to the world in an area I feel passionate about: financial empowerment.
And this is why I do what I do. I want to empower people to use their money to boost their lives in a way that is personal and right for them as individuals. But it is not only about the individual.
Women live longer than men and studies in the US show women control between 70 per cent and 80 per cent of consumer spending. This means that women are in control of trillions of dollars in the US alone.
Women tend to use their money to support those around them. Wouldn’t it benefit everyone if the people in charge of that wealth felt more confident and empowered with this money?
And that is my mission: to help as many people as I can to not only lead happier and more financially fulfilling lives but also boost the positive rippling effect that it has on our communities and economies.
Carol Glynn is the founder of Conscious Finance Coaching.
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Biography
Favourite drink: Must have karak chai and Chinese tea every day
Favourite non-Chinese food: Arabic sweets and Indian puri, small round bread of wheat flour
Favourite Chinese dish: Spicy boiled fish or anything cooked by her mother because of its flavour
Best vacation: Returning home to China
Music interests: Enjoys playing the zheng, a string musical instrument
Enjoys reading: Chinese novels, romantic comedies, reading up on business trends, government policy changes
Favourite book: Chairman Mao Zedong’s poems
Company%20Profile
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COMPANY%20PROFILE
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
Results:
5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly
6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel
6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani
7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel
7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel
Results:
5pm: Maiden (PA) | Dh80,000 | 1,200 metres
Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)
5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m
Winner: Octave, Gerald Avranche, Abdallah Al Hammadi
6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m
Winner: Harrab, Richard Mullen, Mohamed Ali
6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m
Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani
7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m
Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
THE RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)
5.30pm: Maiden (PA) Dh80,000 1,400m
Winner: Raniah, Noel Garbutt, Ernst Oertel
6pm: Handicap (PA) Dh90,000 2,200m
Winner: Saarookh, Richard Mullen, Ana Mendez
6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m
Winner: RB Torch, Tadhg O’Shea, Eric Lemartinel
7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m
Winner: MH Wari, Antonio Fresu, Elise Jeane
7.30pm: Handicap Dh90,000 1,600m
Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer
Most%20polluted%20cities%20in%20the%20Middle%20East
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MOST%20POLLUTED%20COUNTRIES%20IN%20THE%20WORLD
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Teams
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals
More from Neighbourhood Watch:
RESULT
West Brom 2 Liverpool 2
West Brom: Livermore (79'), Rondón (88' )
Liverpool: Ings (4'), Salah (72')
'Hocus%20Pocus%202'
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