Money Smart Week Class Results

by financialmom

in For Women Only, Investing, Money

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Just in case you didn’t know, or see all the billboards, last week was Money Smart Week in Wisconsin. It was a wild week, but a very worthwhile one, as I spent a lot of time doing one of my favorite things – educating investors.

I thought you might be interested in some of the comments and questions that came up in the classes I taught. It’s a good insight into what investors are thinking right now.

Why Women Need Financial Intimacy

This was the first year I taught a class for women only, and women really responded.  Some women were very honest and said their husbands asked them to come to this class icon smile Money Smart Week Class Results .

One of these husbands came to my next class on investing, and asked me how his wife did in her class. He was very sincere, and said he’s been trying to get his wife interested in their finances for years.  His wife, on the other hand, had said in class his system of managing their finances was way too complicated (he is an engineer – and many women waved their hands to agree with that comment).

I told the women to ask their analytical husbands to summarize their household finances into one page. I know these number-crunching husbands will see this as a challenge to be met.  They will have to generalize the information into a simpler form their wives can understand, and it will be a good starting point for the money conversation.   More detail can always be added later.

Who Wants To Be A Millionaire

This is a very fun class, and it’s fun because most people are very surprised at the research that has been done on millionaires. You probably would not be surprised to hear that most millionaires are business owners/entrepreneurs.

But there are other ways to get there, and if you are employed, the occupation with the most millionaires is teachers. (Not because they are paid so much, but because they are frugal.)   The teachers attending this class were absolutely delighted with that information!

Just in case you have not heard me say this before, millionaires become millionaires by spending less than they earn, and diligently saving and investing. It’s not rocket science, and it’s not about your income.

How To Be An Intelligent Investor

I have taught this class many times, and it continues to be my favorite. I always get interesting comments and questions, such as -  “I own a lot of stuff, and I really don’t know what it is, or if it’s a good investment,”  and “I don’t understand the investment options in my company plan,” or “Who gets to call themselves a financial planner - and how do I know if I need one?”.

It’s always good to know other people have the same questions you do, and are seeking answers too.

I also confirmed the two biggest fears of investors have not changed. The first one is I might lose all my money if I invest it, and the second one is Will I run out of money before I run out of life. Investor education and good financial advice from a financial advisor you can trust will help you alleviate fears.

Here’s my takeaways from Money Smart Week – women want to know how to talk money with their husbands; discipline makes millionaires, not income; and investors definitely want to  make smart investment decisions.   All very positive stuff for the future of our families!

For more Money Smart Week class comments, questions, and answers with me and Matt Wegner of Matt Wegner Financial Coaching, listen to my Intelligent Investing radio show from this week (October 13) on, or download it from ITunes.

New Profile Pic 2599R Money Smart Week Class ResultsPamela Otten is CEO of Pamela Otten LLC, a Registered Investment Advisor. She loves to work with women business owners and entrepreneurs, and women in transition due to job change, death, or divorce. Pamela will help you set and reach your financial goals, educate you to understand your investments, and teach you how to do more charitable giving. Pamela is a Qualified Kingdom Advisor (, trained and committed to integrating biblical principles with her investment advice.

cc smallest Money Smart Week Class ResultsPhoto Credit – moneysmartwi

Financial Planning, Investment Advice, and Investment Management provided through Pamela Otten LLC, Registered Investment Advisor.

The opinions voiced in this material are for general information only, and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, please consult your financial advisor prior to investing.

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