Money equals power. But so far, it's been largely left out of the debate over equality for women.
Disgraced Hollywood mogul Harvey Weinstein leaves the state Supreme Court on April 26 in New York., in the same way with boys and girls. We can make sure our daughters see their mothers involved with the household money and investing. With my daughter , I talked about money a lot, with what I'd call pretty radical transparency. That included talking about my professional ups and down and what they meant for us as a family.
Outside our homes, we can teach personal finance in school . We can demand more transparency on gender and other minority-based pay gaps at work. We can buy from and invest in companies whose values align with our own, whose leadership teams reflect the modern world, and at which we would want our daughters to work. And we can provide parents with a mandated paid family leave.
Money is not everything. But it is something: It's a source of power, and we as parents—and the media—are unknowingly hurting our children, teaching our daughters a helplessness around money, and forcing our sons to bear the majority of the stress around money. So if we truly want to empower our girls, it's time to acknowledge that empowering them about money is a critical part of the process—and to act on it., an innovative digital-first investing platform for women. She is the former CEO of Merrill Lynch Wealth Management and Smith Barney.
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