\u201cBecause I had trained as a therapist, I was like … you talk to me as if I\u2019m money, which is a classical therapy technique. We did that exercise and a whole lot of light bulbs went off,\u201d she says.<\/p>\n
For Davies and Angela Meyer, co-founders of Hi Money and authors of Money, Money, Money, that simple exercise put something important into sharp relief \u2013 most of us aren\u2019t bad with money, we just have a complicated relationship with it.<\/p>\n
For Meyer, her money conversation revealed she had a belief that somehow, everything would just turn out okay in the end. \u201cAnd actually our research shows that 30% of people think that either the lotto gods are going to come and sprinkle money or you\u2019re going to win some sort of prize,\u201d she says. <\/p>\n
Your relationship with money can be costly, especially for women, who already face other financial barriers such as the wage gap and the \u201cpink tax\u201d.<\/p>\n
Meyer says while it\u2019s not a literal tax, it\u2019s a substantial cost. \u201cThere was a really interesting study out of New York and they were actually able to measure the pink tax and it came out at US$188,000 [$319,000] over a woman\u2019s lifetime.\u201d<\/p>\n
Neither woman ended up working with finances in a traditional way.<\/p>\n
Davies spent decades as a film-maker, \u201cwandering the world, doing whatever I wanted\u201d, but when she came home, she realised she had no KiwiSaver and was on track for financial insecurity in retirement. <\/p>\n
For Meyer, when her creative agency landed an Australian Superannuation contract, the financial facts facing women astounded her. \u201cThat\u2019s when I sort of discovered that\u2026 women are retiring into poverty\u2026 and as a card-carrying feminist, I was so outraged.\u201d<\/p>\n
They\u2019ve both now taken the reins of their finances, and relish helping other women do the same by changing their relationship with money. <\/p>\n
\u201cEighty per cent of everything is feelings, not facts\u2026 money\u2019s exactly the same,\u201d Davies says<\/p>\n
Watch or listen to the full episode of The Prosperity Project<\/a> for more.<\/p>\n The Prosperity Project is hosted by Nadine Higgins, an experienced broadcaster and financial adviser.<\/p>\n Follow the show at iHeartRadio<\/a>, Apple Podcasts<\/a>, Spotify<\/a> or wherever you get your podcasts. New episodes are released every Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cBecause I had trained as a therapist, I was like … you talk to me as if I\u2019m…\n","protected":false},"author":2,"featured_media":410167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[1443,138,124,246,27705,807,300,111,139,69,244,245,3263,20586,520,32325,31700,1954,11227,11230,24388,1361,223,29591,6923,102,1959],"class_list":["post-410166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-about","tag-business","tag-could","tag-finance","tag-instead","tag-kiwis","tag-money","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance","tag-project","tag-prosperity","tag-relationship","tag-renowned","tag-revolutionise","tag-simple","tag-talk","tag-talking","tag-technique","tag-that","tag-the","tag-wanting","tag-what","tag-with","tag-your"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/410166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=410166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/410166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/410167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=410166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=410166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=410166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}