It never feels like a great time to dig into your financial habits, maybe because you fear what you’ll find, what mistakes you’re making (read: not saving or investing enough).
Krawcheck’s got some strong opinions on money management (more than two credit cards? cut ’em up) and staying competitive in the workplace (don't let your skills go dormant), understanding all too well the price women pay for career breaks. The key in bridging the existing pay gap is for women to not only understand what they’re worth and how time off may impact their professional climb and return to work, but to also appreciate how essential honing their skills in the interim is. This can be done by taking classes, volunteering, doing part-time projects, freelancing.
Krawcheck’s advice is valuable whether you’ve just decided to start saving (and investing), just finished paying off your school loans, or just asked your boss for a sabbatical so you can raise a family.
Photo courtesy Sallie Krawcheck.
Graph depicting wage discrepancies (and information on how they were calculated) courtesy of Ellevest. Copyright 2016-2017 Ellevate Financial, Inc. All Rights Reserved.
Designed by Marcy Milks
TopicsTools & Skills , Syndication , Getting Ahead , Communication , Negotiation & Money , Equal Pay
Stacey Lastoe is the Senior Editor/Writer of The Muse. She started writing short stories in the second grade and is immensely grateful to have the opportunity to write and edit professionally. Her work has appeared in YouBeauty, Refinery29, A Practical Wedding, Runner's World online, and The Billfold among other publications. She enjoys running and eating in equal measure and lives with her husband and dog in Brooklyn. All three of them are avid New York Mets fans. Say hello on @stacespeaks.More from this Author