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Women Supporting Women

Happy International Women’s Month! Yes, it is beautiful to have a month to celebrate women. The next step is to celebrate women every month and every day.

The Equal Credit Opportunity Act of 1974

As a gender, we have come a long way since The Equal Credit Opportunity Act in 1974, which granted women the right to obtain credit without being discriminated against solely because of our gender. That was just 50 years ago! Prior to this law being passed, it was legal for credit lending agencies to discriminate against a woman, just because of her gender, regardless of how much money she earned.

Statistics Don’t Lie

Are women rising up in business, wealth, and opportunity? Yes, but overall, we are still not even close to men statistically:

According to a June 2023 Fortune article, only 10.4% of Fortune 500 companies are led by women and a quarter of those female leaders became CEO within the year prior to the article being written.

The statistics are even worse for black women. There are currently only two black female Fortune 500 company CEOS:

  • Thasunda Brown Duckett, the CEO of TIAA, an American Financial Services organization
  • Toni Townes-Whitley, the CEO of SAIC (Science Applications International Corp.)

To learn more and read an interview of Townes-Whitley, click the link below

Certainly, the above statistics are disappointing. Yet, I believe in not complaining about what we do not like but rather taking action to make a difference.

Take Action

For me, one of those actions and part of my purpose in life, was creating MoneyMaestra to help people heal and strengthen their relationship with money. To understand money, become financially well, and ultimately financially free. When money is not ruling your life, either through stress, broken relationships, debt, impulse spending, or the myriad of ways chaotic money handling can derail, then peace, liberation, space, and choice enter your life.

There are many ways for women to support women, here are a few:

  • Do not compare. Each women is unique. There is only one you.
  • Shop at female owned businesses.
  • Talk and learn about money together.
  • Actively listen to one another.
  • Be a friend.

Women in Business Feature Article in The Egret

This month, I had the opportunity and pleasure to be featured in the Egret’s Women in Business issue, along with 10 remarkable women who also own their businesses.

As the Egret stated, “We are leading the way for future generations.” I give thanks to the women who came before me and I will do my part to help the women who are here now and who come after me. Let’s support one another.

Susan Howell
Written by: Susan Howell, The MoneyMaestra.

Even though I grew up without money, I was able to retire at 50 based on my financial practices. I worked for the Federal Government for 26 years, with 6 of those years at the IRS and 20 at the Department of Justice, which included investigating many money-related cases.

I created MoneyMaestra to share what I know and to help people get on the path to Financial Freedom.

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