Reshaping Your Money Mindset
It was nearly a decade after Solomon started her business that she began to seriously consider the influence her business could have on her retirement.
“A lot of the things that I should have thought about as a woman, I just wouldn’t,” Solomon said.
“It took probably more than 10 years before I took my business seriously and considered it as something that impacted our lives and could impact my retirement, which it did. I mean, I sold my business.”
And that sale gave Solomon a nice nest egg to play with during her retirement years. Now, she rejoices in her success as a businesswoman and cheers on others.
The Importance of Building a Liberating Network
Part of Solomon’s success is due to networking with other women and financial professionals. Having a community of fellow businesswomen can be the first step to reshaping your confidence.
“I think it’s important for women to have a network of professional women to help them see themselves as business people and to help them consider the money that’s coming in from their business and the long-term implications,” Solomon said.
This isn’t to say all women lack confidence. Rather, everyone’s upbringing and career are likely to influence how seriously they take their business.
“I think younger women or women working in a corporate setting are more likely to network. I think they’re in a much better position to take their business seriously.
“But it can be more difficult for businesswomen who weren’t raised that way, or for women who considered their business more of a hobby without thinking of the big implications,” Solomon said.
“I think it’s much more important for them to talk with more financial people and learn more about the long-term impacts of the money that’s coming in. As opposed to being more siloed and just doing their business and not taking it seriously.”
Editor Bianca Dagostino contributed to this article.
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