As women, we are often leaders in many areas in our lives, including home care, children, and aging parents. Each of these categories has other sub-categories, such as food planning, shopping and preparation, home decorating and maintenance, along with numerous other areas. I hear from some women that they just don’t have time to be involved with growing their money.
I would like to invite you to take a leadership role with your money if you are not already. Let’s look at some of the habits of leadership.
- Leaders learn enough to lead. They don’t learn it all, but they learn enough to make good decisions from a place of knowledge.
- Leaders delegate easier tasks to others so that they have time to lead. Is there an older child, family member, or student that can help with simple tasks such as bookkeeping or filing?
- Leaders know the value of their time. Could you hire a student to do mundane tasks in other areas of your life, such as errands or laundry, so that you have time for higher level activities that lead to financial freedom? This may be creating a smarter investing plan or increasing income so that you have more positive cash flow, depending on where you are right now on your money journey.
- Leaders own responsibility for the areas that are important. It’s hard to argue about the importance of money, yet it’s often pushed to the back burner.
- Leaders measure performance. Measurement happens by tracking our money and using the right metrics to evaluate results.
What steps can you take to become a leader of your money? What leadership habits from the list really speak to you? Promise yourself to become the leader of your money in 2012.