You may have heard of my client Barbara Stanny. Her father was the “R” in H&R block and when her ex-husband left her with a million dollars in debt, she went on a quest to get smart about money. What she learned turned her into a women’s wealth expert and best-selling author spreading the message of financial empowerment.
Each time I meet with Barbara I learn a little more about investing. I wanted to share this blog post that she wrote on wealth building:
FROM BARBARA: “Soon after divorcing my gambling husband, I got a call from a friend of my father. He wanted me to invest in a Limited Partnership he was forming, TJ Cinnamons, a fast food place that made sticky buns.
I had no idea what a Limited Partnership was, but this man was wealthy, smart, successful, so it had to be a great thing, right?
I didn’t know that you can’t sell shares in a Limited Partnership because there’s no market for it. When TJ Cinnamons went under, I lost my investment.
That calamity taught me a critical lesson. I call it the #1 Law of Investing: Never put money in anything you don’t understand. I was determined to educate myself.
That’s when I devised The Busy Woman’s Blueprint for Wealth Building. Otherwise known as the “Osmosis School of Learning.” It consists of only 2 steps. Do them consistently, and you will be amazed, in just a short time, how much smarter you’ll be.
1) Everyday, read something about money, even if it’s just for a minute or two, even if it’s just glancing at the headlines of the business section of the newspaper, or a money magazine while you’re waiting in line at the grocery.
2) Every week, have a conversation about money. You can learn so much from people smarter than you. Anytime you meet someone versed in investing, ask how they got smart, the mistakes they made, and what they’d recommend to help you learn.
Try these 2 steps and watch what happens. They worked so well for me that, to this day, I still do them.”
If you are interested in learning more about how you can build wealth with Barbara’s support, she just opened up enrollment for her 2017 One Year to Wealth Program. I can’t recommend Barbara’s work enough. Become a Savvy Investor and a Wealth Builder…as a Woman! Orientation for her course starts on January 24th and space is limited. Learn more and register here.