And it’s all about your Financial Education.

There are three distinct elements to being an Asset Mama! – generate income, grow the money and keep the money.  At different times in my life, I have focused more intently on one aspect – but I have come to understand that if you miss any of these touch stones of your financial education – that you will risk your Asset Mama status.  And, that is clearly not a good plan.

Financial education doesn’t always come from sitting in class.

I had a sacrament divorce lawyer who charged me $100,000 in two months – whoa!, you say!.  How did that happen to a smart investment banker-type financial management firm owner like you?  And, if it happened to you – could it easily happen to me?  Yes, it can – here’s the scoop.  Because I had assets (because I had made money and grown money), it meant that right there – I had to be rough and ready about ‘keeping’ those assets. 

And, it can happen in other ways too, that you will inevitably come up against ‘keeping’ your assets.  The alert here is that – the importance of knowing that when you do build your investment closet – that a business partner, real estate challenge, divorce, investment decision (or a man who marries you for your money – and don’t laugh because it is happening more and more these days) – any number of circumstances may jump up for you – that will be a pop quiz in your financial education – to see if you are also skilled in knowing how to keep your assets.

Being an Asset Mama takes getting your tough girl self into action with financial education.

Take a tip or two from Madonna as she takes the stage – that’s a girl who protects her financial well-being. That’s who you need I have seen too many women, in the face of divorce – give up – say to themselves that they can’t take any more of the emotional grief – and walk away from a fair split of the marital assets.  They look back and say that they just had to get it over.  This is a serious threat to their future financial security.

You can’t be a wimp when it comes to being an Asset Mama.  Your financial life is as important to protect as your health and relationships.  The key ingredients to secure your financial well-being – are to make money, grow money – and protect money.  Asset Mamas know this.

Keep coming back to this blog as I offer more financial education to keep you in charge and on top of your money.