Superwomen Can Only Be Super When We Get the Support We Need
One secret to success that more women (even those with seemingly super powers) should embrace? Delegation! Here are some suggestions for working women on enlisting the help of others across the universe of their lives.
This column is part of a special series Halbert Hargrove produced in honor of March being Women's History Month to highlight women's accomplishments and challenges.
Being a superwoman doesn’t equate to superhuman strength. In whatever roles you play in the workplace and your personal life, feeling buried and stressed is probably all too familiar. We all need to acknowledge when we’re taking on too much — and ask for help when needed.
We women are so capable, and our brains are hard-wired to capably multi-task juggling a multitude of responsibilities. Why not delegate some of those tasks instead of running ourselves into the ground?
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Massive strides, but more are required
Today, we’re seeing women in the workplace reaping the benefits fought for by the generations before them. In the U.S., women have already passed men in the likelihood of getting a college degree — including graduate degrees. And we’re increasingly taking on leadership roles in previously male-driven professions like finance, law and medicine.
But there’s still a lot of controversy in our culture about gender inequality, not the least in terms of women’s pay and share of upper-level management positions. And how about our share of drudgery?
One of the clearest indicators of not-yet-vanquished inequality is that women still do the majority of domestic work — cleaning the house, cooking dinner and caring for their kids. Fact: In the U.S., women who work 35 or more hours per week spend on average 4.9 hours per day on unpaid household duties, while their working male counterparts spend an average of 3.8 hours per day. Studies show that this disproportionality not only inhibits women’s employment options, earnings and economic stability, but also impacts their health and happiness.
The key to keeping your sanity and health is enlisting help and building trusted partnerships.
Help in managing your financial life
As a working professional, you’re in the process of perfecting your own craft. Outsourcing to other experts should be a no-brainer.
As a wealth adviser, I daily see the benefits of the planning, investment advice and discipline that pay off for our firm’s clients. So here’s my bias: The first professional you should seek out should be someone to help manage your financial life — maintaining a livable income, saving for retirement, growing your wealth, saving for children’s college. If these represent priorities in your life, you should place these critical responsibilities in the hands of an expert.
A financial partner is not only beneficial in terms of helping you invest and grow your savings, but also in providing advice on the tough decisions. Like when it’s time for your parents to make the move to nursing home or tell your adult children they need to pay their own way. Or when you need to hang in there during difficult market periods. A financial adviser can also recommend other experts who have your best interests at heart.
What do you need, and who can provide it?
A great place to start mastering superwomanhood is making an assessment of your biggest stressors and challenges, and where you stand to benefit most from partnering with others. Here are some suggestions of additional experts and resources you might consider:
- A therapist. Your mental health is your foundation. This should be step one of asking for help — many times, even before you realize you actually need it.
- A career or life coach. For help (and an outside perspective) on reaching for goals and keeping yourself accountable to them.
- A CPA. For many, online tax software has made it easy to file taxes. But there’s still a lot of value and advice a tax professional can provide, especially for those in a unique situation like owning a small business.
- A specialized attorney. Looking to finalize your will? Hire an expert. Looking to sell or expand your small business? Make sure to connect with a business attorney.
- Mortgage brokers and real estate agents. Buying or selling a home is a huge financial move. You should rely on the expertise of professionals.
- A personal trainer or health coach. For all those reasons you already know.
- Home help. Last but not least, ask for home help! Hire a nanny, a professional cleaner, a home organizer or declutterer and/or a dog walker. Also, don’t be afraid to ask your significant other — they signed up to share this life with you, make them earn it!
Remember, you may be successful, but you’re not a lone warrior. Perpetual displays of superhuman strength and abilities exist only in comic books and movies.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Julia Pham joined Halbert Hargrove as a Wealth Adviser in 2015. Her role includes encouraging HH clients to explore and fine-tune their aspirations — and working with them to create a road map to attain the goals that matter to them. Julia has worked in financial services since 2007. Julia earned a Bachelor of Arts degree cum laude in Economics and Sociology, and an MBA, both from the University of California at Irvine.
-
What's Next for MicroStrategy Stock as Bitcoin Nears $100K?
MicroStrategy stock is up more than fivefold in 2024 thanks to a furious rally in bitcoin. Here's what you need to know.
By Joey Solitro Published
-
BJ's Wholesale Pops on Membership Fee Hike, Stock Buybacks
BJ's stock is rallying Thursday after the warehouse club raised its membership fee for the first time in seven years and unveiled a big stock buyback program. Here's what you need to know.
By Joey Solitro Published
-
To Future-Proof Retirement Security, We Need Better Strategies
With retirees living longer and the inequalities that affect women and people of color, the retirement system needs some optimization. Here’s what would help.
By Romi Savova Published
-
Here's Why We All Win When Charitable Dollars Go to Women
Giving to charities for women and girls not only has a lasting impact on their lives — it also benefits society as a whole. Here’s how to start investing.
By Elizabeth Droggitis Published
-
For a More Secure Retirement, Build in Some 'Safe Money'
To solidify your retirement plan, write it down, reduce your market risk and allocate more safe money into your plan for income.
By Kevin Wade Published
-
Five Steps to a Mindfully Fearless Career
If, like many women, you're struggling with imposter syndrome, try developing an athlete's winning mindset. It's as simple as facing one small fear every day.
By Lisa Cregan Published
-
Six Ways to Optimize Your Charitable Giving Before Year-End
As 2024 winds down, right now is the time to look at how you plan to handle your charitable giving. The sooner you start, the more tax-efficient you can be.
By Julia Chu Published
-
How Preferred Stocks Can Boost Your Retirement Portfolio
Higher yields, priority on dividend payments and the potential for capital appreciation are just three reasons to consider investing in preferred stocks.
By Michael Joseph, CFA Published
-
Structured Settlement Annuity vs Lump-Sum Payout: Which Is Better?
As the use of structured settlement annuities grows, it can be tough to decide whether to take the lump sum to invest or opt instead for guaranteed payments.
By H. Dennis Beaver, Esq. Published
-
What to Do as Soon as Your Divorce Is Final
Don't delay — getting these tasks accomplished as soon as possible can help you avoid costly consequences.
By Andrew Hatherley, CDFA®, CRPC® Published