Building Wealth as a Woman: Where Should You Actually Start?

Where does building wealth as a woman actually start? Not with a windfall, not with a finance degree, and definitely not 20 years ago.

This is episode 1 of our Summer Reset, a special 6-part series for the summer holidays. Rebecca is joined by her Evolution Financial Planning colleagues Katie, Client Manager and Protection Adviser, and Carol, Independent Financial Adviser and Money Coach, for honest conversations about the money questions women actually ask.

Take the Financial Well-being quiz: https://evolutionfinancialplanning.co.uk/financial-well-being-quiz/podcast-financial-wellbeing-quiz/

In this episode:

• What wealth really means, and why it is about options rather than flash cars and handbags
• Why the person with the expensive car might be the least wealthy person you know
• The 86% income protection stat that stopped the conversation, and why you should check your sick pay this week
• The client who bought her first home at 62, and why there is no deadline on sorting your finances
• Emergency funds, tackling debt and where to genuinely start if you feel behind
• Why so many women say "I should have done this 20 years ago", and why that shame is misplaced
• The cash trap: why UK savers hold 7% in equities while the US holds 32%

Timestamps:

00:00 Welcome 05:01 What does building wealth actually mean? 08:01 Wealth vs looking wealthy 11:26 Buying property and starting later in life 13:07 Protection, sick pay and the 86% stat 19:08 Where to start: foundations and letting go of shame 28:13 Saving vs investing and the cash trap

Want to know where you stand with your finances? Take our free Financial Wellbeing Quiz. It asks 12 yes or no questions and takes less than 2 minutes: https://allmylink.me/YtLK