Diversity Woman Magazine

SPR 2019

Leadership and Executive Development for women of all races, cultures and backgrounds

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d i v e r s i t y w o m a n . c o m S p r i n g 2 0 1 9 D I V E R S I T Y W O M A N 41 ISTOCKPHOTO Do-It-Yourself Financial Management DW Life > By Brittany Shoot M anaging your finan- cial planning doesn't have to be daunting. Given the many consumer tools available today, select- ing products to manage your fi nancial health—from budgeting to investing to saving for retirement —can be rewarding and even life changing if you set goals and stick to them. According to research published in 2018 by the investment bank and broker- age fi rm Charles Schwab, only one in four Americans has any sort of written fi nan- cial plan. Many people think that their income level does not merit planning. But research shows that even individuals earning modest salaries benefi t greatly from creating a fi nancial plan, which cul- tivates healthy budgeting and saving hab- its and pays off over the long term. Financial advisor Laurie Fried, CFP, MAFF, CDFA, who holds a BA in econom- ics and an MBA in fi nance, spent 25 years at major fi nancial institutions, including J.P. Morgan and Barclays Capital, before founding two fi rms focused on wom- en's fi nancial planning needs, New Leaf Taking control of your fi nances can be an empowering choice— if you know how to get started Money Matters

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