Latest / The Steve Harvey Morning Show / Uplift: "Women & Wealth," Cary shares tips and advice to financially empower women.

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Uplift: "Women & Wealth," Cary shares tips and advice to financially empower women. · The Steve Harvey Morning Show

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  Speaker 1: Hi.
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  Speaker 2: I am Rashan McDonald, a host of weekly Money Making
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  Speaker 1: Before I go.
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  Speaker 2: Into my first guest, I want to share a card.
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  Speaker 2: I got a thank you card I got from my
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  Speaker 2: pastor Jenkins and Boston. I dropped in surprised him. He
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  Speaker 2: was doing a real estate conference up in Boston a
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  Speaker 2: couple of weekends ago, a couple of weekends ago, and
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  Speaker 2: he sent a card and he asked me to do an
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  Speaker 2: impromptu speech.
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  Speaker 1: He said, Rishad, you're here, can you talk? Well? You
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  Speaker 1: know I love to talk, so wasn't a hard push.
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  Speaker 2: He said, thank you Rashaan for the inspiration and practical
• 0:50
  Speaker 2: wisdom you share your words. If you don't start dreaming
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  Speaker 2: about what you want today, you will not get it tomorrow.
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  Speaker 1: He said.
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  Speaker 2: I said that. He said that statement right there. Change
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  Speaker 2: the whole outlook of the weekend. If you don't start
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  Speaker 2: dreaming about what you want today, you will not get
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  Speaker 2: it tomorrow. It reminded everybody and gave him clarity about
• 1:14
  Speaker 2: if you don't have action in hand, then your dreams
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  Speaker 2: won't come true. And that's what Money Making Conversation is
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  Speaker 2: all about, bringing people on my show to help you
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  Speaker 2: reach your goals. I'm just a storyteller. I bring on
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  Speaker 2: subject matter experts, and my first guess is definitely a
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  Speaker 2: subject matter expert, she said. Winning certified financial planner professional
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  Speaker 2: with over twenty five years of experience, she leads a
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  Speaker 2: multi million dollar financial planning practice specializing in empowering women
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  Speaker 2: to overcome financial challenges and increase their financial literacy. We
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  Speaker 2: will be discussing her career and her new book, Women
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  Speaker 2: and Wealth. Please weapon the Money Making Conversations Masterclass for
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  Speaker 2: the first time.
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  Speaker 1: Carrie Cabernaro, Hi.
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  Speaker 3: Dog, carry, Thank you, Rushan. Great.
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  Speaker 2: We're talking about women on this show today. We're talking
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  Speaker 2: about empowering women, the culture that is out there for women.
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  Speaker 2: Your book, Women and Wealth. Tell us why you wrote
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  Speaker 2: that book, Carrie.
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  Speaker 3: Sure, so, it's actually my second book, but I wanted
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  Speaker 3: to get out all the experiences I've had in my
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  Speaker 3: twenty five years of working with women. My first book
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  Speaker 3: actually came out about a decade ago, and this is
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  Speaker 3: my second book. And also I wanted to I'm older
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  Speaker 3: and wiser, and I wanted to really share my knowledge
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  Speaker 3: with the world and also with my industry. What's really
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  Speaker 3: interesting in my industry. I'm going to give you some
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  Speaker 3: stats that are going to pretty much blow your mind
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  Speaker 3: and probably blow your audience's mind as well, because most
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  Speaker 3: people don't know it, and certainly the world doesn't know it,
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  Speaker 3: and barely my industry knows it. And it's my industry.
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  Speaker 3: So this is why I wrote the book. So by
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  Speaker 3: twenty thirty, women are going to control two thirds of
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  Speaker 3: the nation's wealth, which is thirty trillion dollars with a T,
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  Speaker 3: which is the same as the GDP of the United States.
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  Speaker 3: That's how much wealth is going to be in the
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  Speaker 3: hands of women. And we are five short years away
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  Speaker 3: from that, and we are not ready for it. My industry, unfortunately,
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  Speaker 3: has been built by men for men, and that's okay
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  Speaker 3: because that's who the clients were. But guess what the
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  Speaker 3: clients are changing the future and the future clients of
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  Speaker 3: wealth management are women, and the industry is not ready
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  Speaker 3: for that. So I want to change the trajectory of
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  Speaker 3: the industry to make it female friendly. And that's why
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  Speaker 3: I wrote this book. And then in addition, it also
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  Speaker 3: has jam packed with advice strategies for women to build
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  Speaker 3: wealth as well in the book. So it's all about that.
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  Speaker 2: The messager Scarret. You know your financial planner, now, I'm
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  Speaker 2: sure you know. I want to let people know what
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  Speaker 2: you do in your website and all those good things.
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  Speaker 2: What are some of the hands on strategy and tools
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  Speaker 2: that you promote to your clients that would allow people
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  Speaker 2: to understand what the services that you offer are nationwide
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  Speaker 2: and people should at least consider what you're doing at
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  Speaker 2: your practice.
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  Speaker 3: Sure, Well, you know it's funny when you got on
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  Speaker 3: the call before the first thing you said was the
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  Speaker 3: thank you letter you got talking about dreaming for today.
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  Speaker 3: If you don't dream for today, it won't happen tomorrow. Well,
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  Speaker 3: I say, pretty similar to that, planning today. How can
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  Speaker 3: you get where you're going without a plan if you
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  Speaker 3: fail to plan, if you plan to fail, And it's
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  Speaker 3: the same type of thing planning for today will get
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  Speaker 3: you there tomorrow. So I think everybody on the planet
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  Speaker 3: deserves a financial plan because think about it, if you
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  Speaker 3: don't know what you need to do to get to
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  Speaker 3: your financial freedom goal, whatever that looks like for you,
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  Speaker 3: and everybody's is different because everybody's completely different. So you know,
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  Speaker 3: if ifits you know, retiring at sixty and spending I
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  Speaker 3: don't know, ten thousand dollars a month, and you know,
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  Speaker 3: living in a house in Florida, and you know, having
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  Speaker 3: two cars and going on vacations once a year, whatever
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  Speaker 3: it looks like. Whatever your freedom looks like to you,
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  Speaker 3: whatever that looks like, you have to be able to
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  Speaker 3: know what it takes to get there. So that's where
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  Speaker 3: I come in. So on a what a financial plan
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  Speaker 3: or a certified financial planner does, and let's make aplan.
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  Speaker 3: Dot org is actually where you can find a certified
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  Speaker 3: financial planner. And so what that does is we look
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  Speaker 3: at every single aspect of your financial life. So we
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  Speaker 3: look at risk management, we look at cash flow management,
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  Speaker 3: we look at tax management. Today's tax day, that's one
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  Speaker 3: of our little little spokes. We look at investment planning,
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  Speaker 3: we look at retirement planning, we look at a state planning,
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  Speaker 3: and all of it working together. So it's a complete
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  Speaker 3: circle where you know if you don't know. Let's say,
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  Speaker 3: for example, I see this a lot where somebody does
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  Speaker 3: you know, an insurance something in insurance or risk management
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  Speaker 3: that hurts their either that hurts their cash flow or
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  Speaker 3: hurts their investments, or something that you do in investments
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  Speaker 3: that hurts your taxes, or something that you do in
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  Speaker 3: taxes that hurts your state, or so I see this
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  Speaker 3: all the time, Like I see all this, So when
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  Speaker 3: they're not working in concert or somebody doesn't know how
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  Speaker 3: you're pulling them all together, usually there's mistakes along the way,
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  Speaker 3: and so really you just want to get a roadmap
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  Speaker 3: to create your own financial future of where you want
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  Speaker 3: to go. I mean, everybody on the planet deserves that.
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  Speaker 3: It's funny because I think most people believe that it's
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  Speaker 3: only for the you know, super rich or you know,
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  Speaker 3: but it's not. I don't know where that somehow that
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  Speaker 3: got lost along the way. What happens is wealthy people
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  Speaker 3: hire us because they know how important it is to
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  Speaker 3: preserve and grow and make all the right moves with money.
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  Speaker 3: So it seems like that's what the only people that
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  Speaker 3: we work with. However, the reality is everybody should have one.
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  Speaker 2: Now, you know your last chapter, I think this chapter
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  Speaker 2: twenty and three is about how do you make the
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  Speaker 2: industry female friendly? You know, I grew up with six sisters,
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  Speaker 2: so I grew up around women. And so when you
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  Speaker 2: make that statement like that, you know most people will
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  Speaker 2: push back, go, what do you mean? Are you trying
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  Speaker 2: to say we live in a chauvinistic society? What are
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  Speaker 2: you saying when you say the industry? What is the industry?
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  Speaker 2: First of all, and then making it female friendly?
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  Speaker 3: Sure? So the industry is wealth management. Okay, So if
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  Speaker 3: anybody has ever worked with a certified financial planner or
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  Speaker 3: a financial planner, or an insurance salesperson, or a banker
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  Speaker 3: or a broker or you know, anything related to that,
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  Speaker 3: anything related to either selling products, getting advice, something to
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  Speaker 3: build your wealth whatever that means. Right, So that's a
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  Speaker 3: very large industry. And broker dealers, registered investment advisors, certified
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  Speaker 3: financial planners, that whole that is my industry, that whole
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  Speaker 3: kitten koboodle. Right. So making it female friendly is so
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  Speaker 3: again created by men for men. So there's so many
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  Speaker 3: things that we need to change to make it so
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  Speaker 3: that it's welcoming to women. So Another stat I'll give
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  Speaker 3: you is Harvard Business Review came out with a study
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  Speaker 3: in two thousand and nine saying that financial services industry
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  Speaker 3: is the least sympathetic to women and has the most
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  Speaker 3: to gain if they get it right. So we already
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  Speaker 3: know that they're doing it wrong, and then I have
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  Speaker 3: a million other stats of why they're doing it wrong. So,
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  Speaker 3: for example, when a couple of spouse dies, usually it's
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  Speaker 3: the man, because women have longevity. The women live, by
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  Speaker 3: the way, she doesn't to ten years longer than a man.
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  Speaker 3: You know, she's going to be a widow. You know
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  Speaker 3: she's going to outlive you. It's very rare when it
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  Speaker 3: goes the other way. I say that all the time.
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  Speaker 3: I'm like, I'm going to be living forever and my
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  Speaker 3: husband's going to be gone. And he always gets upset
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  Speaker 3: when I say that, and I'm like, honey, there's just
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  Speaker 3: no way it's going to happen. Plus he's older than
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  Speaker 3: me anyway, so it's kind of funny. But anyway, So
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  Speaker 3: what happens is in a couple when the spouse dies,
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  Speaker 3: which is a man, in most cases, the woman who's
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  Speaker 3: left leaves their financial advisor. Eighty percent of the time,
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  Speaker 3: and that's stat has not changed in decades. So the
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  Speaker 3: reason being is she's not heard, she's ignored, she's you know,
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  Speaker 3: lack of personal connection, poor communication, doesn't feel empowered, feels
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  Speaker 3: lost or pressured or pitched to. So there's like a
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  Speaker 3: million reasons why this happens, and it just keeps happening
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  Speaker 3: over and over. So that's a great stat for me
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  Speaker 3: to say, hey, guys, you're not getting it right. Let's
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  Speaker 3: let's figure out what to do to make it right.
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  Speaker 1: Well, what I hear I talked like this, Carrie.
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  Speaker 2: You know, women making in roads, and one of the
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  Speaker 2: things that the new administration came in was really chop
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  Speaker 2: on DEI. And we know DEI has been a very
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  Speaker 2: strong empowering tool for women.
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  Speaker 1: Now is that.
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  Speaker 2: Part of the bro culture that you're talking about? You know,
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  Speaker 2: this this chopping opportunities for women and not allowing them
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  Speaker 2: to grow when you see people attacking programs like DEI.
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  Speaker 3: Well, so it's so interesting because I get this question
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  Speaker 3: all the time, and in my opinion, this is actually
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  Speaker 3: not a de and I issue, believe it or not,
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  Speaker 3: It is actually a dollars and cents issue because think
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  Speaker 3: about it, what other industry would you say to them,
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  Speaker 3: here is a trillion dollar opportunity and they don't do
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  Speaker 3: anything about it.
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  Speaker 2: Kind of interesting, right, Well, I think I think that
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  Speaker 2: people when they when they're when they're rolling down. Like
• 11:25
  Speaker 2: for instance, we just came off from the space where
• 11:29
  Speaker 2: there was an all female space.
• 11:32
  Speaker 1: I don't know what you call space flight.
• 11:33
  Speaker 2: They just go up there for a couple of seconds,
• 11:35
  Speaker 2: they come back down at you.
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  Speaker 1: I don't know what that was. I don't know.
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  Speaker 2: You know, people get nervous. I get nervous I get
• 11:42
  Speaker 2: on the regular airplane. So I think if I go
• 11:44
  Speaker 2: out there and I saw what the Earth looked like
• 11:46
  Speaker 2: on the other side, I think I'd be super nervous
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  Speaker 2: too it, especially if I'm floating. But I think that
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  Speaker 2: we oftentimes on stereotype and glamorizing women, because I would
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  Speaker 2: say this. The one thing I took away from that
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  Speaker 2: was that how the women would just made up, you know,
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  Speaker 2: every every photo they took it seemed like it was glamorized,
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  Speaker 2: where the ones that didn't have all the women were
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  Speaker 2: not so much glamorized, didn't look it looked like they
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  Speaker 2: should be on the cover of Vogue or Essence or
• 12:17
  Speaker 2: Ale or something like that that I was saying, Uh,
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  Speaker 2: that's interesting how they are approaching this with the with
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  Speaker 2: the female all female crew. Is that the society that
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  Speaker 2: we are living in now that women are gonna always
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  Speaker 2: be even though there are the true You're gonna control
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  Speaker 2: the trillion dollar industry, but stereotypes are gonna keep winning.
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  Speaker 3: Oh I hope not. But but I have to admit
• 12:41
  Speaker 3: I I am. I looked at those photos. It's funny.
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  Speaker 3: I didn't even notice the makeup on the on the women.
• 12:46
  Speaker 3: I just noticed the outfits were blue. That's so funny
• 12:49
  Speaker 3: from from your perspective.
• 12:50
  Speaker 4: Please don't go anywhere. We'll be right back with more
• 12:54
  Speaker 4: money Making Conversations Masterclass. Welcome back to the Money Making
• 13:02
  Speaker 4: Conversations Masterclass, hosted by Rashaan McDonald. Money Making Conversations Masterclass
• 13:08
  Speaker 4: continues online at Moneymakingconversations dot com and follow money Making
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• 13:17
  Speaker 3: So, as a woman in this in this world who
• 13:21
  Speaker 3: is a speaker and a writer and you know, entrepreneur,
• 13:25
  Speaker 3: I have my own business all that, all of that stuff,
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  Speaker 3: I actually do feel I do feel this is like
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  Speaker 3: not in my book, but I do feel pressure to
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  Speaker 3: look attractive with my hair and makeup done, and my
• 13:37
  Speaker 3: nails done and all, and my lash is done and
• 13:40
  Speaker 3: all that stuff. So I guess that is still around,
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  Speaker 3: But I feel like that's more of me succumbing to
• 13:47
  Speaker 3: that I want to look good rather than a stereotype
• 13:50
  Speaker 3: that I have to look good.
• 13:51
  Speaker 1: Well, you know that's honest stereotype. Now. You know, women
• 13:55
  Speaker 1: have been have been.
• 13:58
  Speaker 2: Hazed on TV by the body shapes, you know, body shamed.
• 14:02
  Speaker 2: Celebrities have undergone that tremendously because they're on the forefront
• 14:07
  Speaker 2: of the world. Also, men allowed when they age. It's
• 14:12
  Speaker 2: called dignified aging. Where women get old they want to like,
• 14:17
  Speaker 2: can you get somebody younger in there? So there are
• 14:20
  Speaker 2: so I guess when you say we're not even dealing
• 14:23
  Speaker 2: with money, women have to deal with this the basic
• 14:26
  Speaker 2: stereo types of a look. And I'm assuming that when
• 14:30
  Speaker 2: it comes to dealing with money, the women are also stereotype.
• 14:34
  Speaker 2: Well can they handle that amount of money or they
• 14:37
  Speaker 2: qualified to handle that type of money? So you are
• 14:40
  Speaker 2: financial planner? You certified financial planner, Carrie? How have you
• 14:44
  Speaker 2: done it for twenty five years? How have you been
• 14:46
  Speaker 2: able to knock off, you know, open these doors and
• 14:49
  Speaker 2: be able to let people know that, hey, I'm not
• 14:51
  Speaker 2: taking this. I am smart, I am an experienced I
• 14:54
  Speaker 2: am a successful entrepreneur. I run a multi million dollar business.
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  Speaker 3: Right. Well, it's so interesting because so let me tell
• 15:03
  Speaker 3: you my story of how I got into this, right So,
• 15:07
  Speaker 3: because it's definitely not a lot of women in my
• 15:11
  Speaker 3: industry right now, it's about eighty percent men, twenty percent females,
• 15:16
  Speaker 3: and actually the exact number of females in the certified
• 15:21
  Speaker 3: financial planners we are twenty three point nine percent. However,
• 15:27
  Speaker 3: out of those twenty three point nine not all of
• 15:30
  Speaker 3: them are business owners and you know CEOs and rain
• 15:37
  Speaker 3: makers and the ones going out getting the clients some
• 15:42
  Speaker 3: of them, and a lot of them are in the
• 15:44
  Speaker 3: back office or in support positions or you know, junior
• 15:49
  Speaker 3: advisors or customer service professionals or teachers or professors and
• 15:56
  Speaker 3: so not necessarily in the money making part of the business,
• 16:01
  Speaker 3: right because it's so difficult, and it's so difficult period,
• 16:06
  Speaker 3: let alone being a woman. It's even like ten times
• 16:10
  Speaker 3: more difficult doing this profession as a woman. So what's
• 16:14
  Speaker 3: interesting is I started to like I was raised by
• 16:17
  Speaker 3: my dad, who was who worked in the in the
• 16:21
  Speaker 3: finance business he worked. He was a SVP for JP
• 16:24
  Speaker 3: Morgan Chase, And so I grew up learning about money
• 16:28
  Speaker 3: like people learn about you know, sports or whatever, and
• 16:32
  Speaker 3: so I didn't know that people didn't know about money,
• 16:36
  Speaker 3: and I didn't know that I was a privileged few
• 16:40
  Speaker 3: to learn about money at a young age and always
• 16:43
  Speaker 3: talking about money with my family and my dad and
• 16:46
  Speaker 3: me and my dad went to foreclosure auctions together and
• 16:49
  Speaker 3: we went to see you know, speakers about money. We
• 16:53
  Speaker 3: went to see straight straight talk with the Dolans, which
• 16:56
  Speaker 3: is way back in the day. And my dad to work.
• 17:00
  Speaker 3: Oh yeah, my dad took me to work before there
• 17:02
  Speaker 3: was take your daughter to work day, so in the seventies,
• 17:06
  Speaker 3: and so I just thought it was super cool and
• 17:09
  Speaker 3: I just loved what he did and I was very
• 17:11
  Speaker 3: interested in it, and I learned everything about money. So
• 17:13
  Speaker 3: by the time I was in college, I was you know, balancing,
• 17:16
  Speaker 3: I was doing my girlfriend's budgets, and I was like
• 17:19
  Speaker 3: always just doing money stuff for everybody just because I could,
• 17:23
  Speaker 3: and I knew it and I loved it and it
• 17:25
  Speaker 3: was really fun. And I didn't even know it was
• 17:27
  Speaker 3: a profession back then. I literally had no idea and
• 17:30
  Speaker 3: then I just fell into it and I said, wow,
• 17:34
  Speaker 3: I can't believe I get paid to do this, like
• 17:36
  Speaker 3: I would do this for fun because I love it
• 17:38
  Speaker 3: so much. And then and then I wound up being
• 17:41
  Speaker 3: very good at it because I love it so much,
• 17:43
  Speaker 3: because it's my life's passion and work. And then I
• 17:47
  Speaker 3: just clients just started women because I knew I wanted
• 17:51
  Speaker 3: to work with women just started to come to me,
• 17:53
  Speaker 3: and it just started to balloon over time, and everyone
• 17:56
  Speaker 3: was like, you know, I didn't do the typical mail
• 17:58
  Speaker 3: things like seminars and playing golf and you know, advertising,
• 18:06
  Speaker 3: and just I didn't do any of that stuff. I
• 18:08
  Speaker 3: just helped myself out as a financial advisor for women.
• 18:11
  Speaker 3: I spoke, I wrote, I did you know TV interviews
• 18:15
  Speaker 3: and things like that, and I always just put myself
• 18:19
  Speaker 3: out of who I am, what I believe in that
• 18:22
  Speaker 3: I believe women should be financially independent, that women should
• 18:25
  Speaker 3: control their own destiny, that women need money, that money
• 18:29
  Speaker 3: equals power, and women need more of both. And then
• 18:33
  Speaker 3: my practice just evolved over time to become this incredible business.
• 18:39
  Speaker 2: My guess is an award winning certified financial planner professional
• 18:44
  Speaker 2: for twenty five years of experience. She leads a multi
• 18:47
  Speaker 2: million dollar financial planning practice where she specializes in empowering
• 18:51
  Speaker 2: women to overcome financial challenges and increase their financial literacy.
• 18:56
  Speaker 2: She has a second book out. Her first book was
• 18:58
  Speaker 2: out ten years ago. She put, now there's a new
• 19:00
  Speaker 2: book out called Women and Wealth.
• 19:03
  Speaker 1: Carrie.
• 19:04
  Speaker 2: In your book, you talk about AI, and you talk
• 19:07
  Speaker 2: about how there's a description about a man with long hair.
• 19:13
  Speaker 2: This description comes out and then you do it a
• 19:16
  Speaker 2: question with AI about a woman with long hair.
• 19:20
  Speaker 3: Well, no, actually, so what it was was we asked
• 19:23
  Speaker 3: AI give us a picture of a financial planner, and
• 19:27
  Speaker 3: they okay, I apologize, and then and no, it's okay.
• 19:30
  Speaker 3: And then they said and then we said, give us
• 19:32
  Speaker 3: a picture of a financial planner with long hair, and
• 19:37
  Speaker 3: they gave us a picture of a man with long hair.
• 19:40
  Speaker 3: So a woman didn't even come into the into the mix.
• 19:43
  Speaker 3: How do you like that?
• 19:45
  Speaker 1: Right? Right? Right right?
• 19:46
  Speaker 2: And that's what Because you know, I got the book
• 19:48
  Speaker 2: today and I wanted to make sure I got as
• 19:50
  Speaker 2: much information in and because you're such a great read,
• 19:53
  Speaker 2: and because you had me going back flipping page and
• 19:55
  Speaker 2: four and forth, I was like, this is this book
• 19:58
  Speaker 2: really captures because it's a journey for you. You talk
• 20:01
  Speaker 2: about the bread winner, they talk about you talk about
• 20:03
  Speaker 2: the behavior.
• 20:06
  Speaker 3: You know.
• 20:06
  Speaker 2: It's it's a couple of things in your book that
• 20:08
  Speaker 2: really hit me. It's almost like we're still in the
• 20:12
  Speaker 2: Leave It to Beaver. If anybody's familiar with that sitcom,
• 20:14
  Speaker 2: you know what the what the wife comes home, she
• 20:17
  Speaker 2: has the apron on, and the man comes on, he's
• 20:20
  Speaker 2: the bread winner. Women are advancing, but they still not
• 20:23
  Speaker 2: be respected for the advances they are to be made.
• 20:26
  Speaker 2: Am I correctness saying.
• 20:27
  Speaker 3: That, Yeah, oh my gosh, you are so and and
• 20:31
  Speaker 3: and actually one of the things you just exactly touched
• 20:34
  Speaker 3: on is what's called the generator of the wealth gap, right,
• 20:39
  Speaker 3: which everybody knows about the pay wage gap that women make,
• 20:42
  Speaker 3: you know, eighty two cents on the dollar. But the
• 20:44
  Speaker 3: wealth gap is exactly what you just described, which is
• 20:48
  Speaker 3: the woman not not having to carry all the burden
• 20:50
  Speaker 3: at home. So because the woman is out caregiving for
• 20:54
  Speaker 3: you know, having children, then caregiving for the children, then
• 20:58
  Speaker 3: taking care of the parents, they call that the good
• 21:00
  Speaker 3: daughter spouse penalty. And so that all of that over
• 21:05
  Speaker 3: her lifetime costs her a million dollars.
• 21:10
  Speaker 2: Mmod No, but what is that perception we hear that.
• 21:16
  Speaker 1: I have heard that a lot.
• 21:17
  Speaker 2: I grew up with six erses, okay, my financial planner,
• 21:19
  Speaker 2: she's female. So I'm very familiar with a lot of
• 21:23
  Speaker 2: the trappings of negativity or stereotyping that you are saying
• 21:27
  Speaker 2: on my show today. The average person go, so, what
• 21:30
  Speaker 2: what's the big deal when you hear that? How do
• 21:34
  Speaker 2: you respond to those people? Because those are the people
• 21:36
  Speaker 2: who are not opening their doors. Those are the people
• 21:39
  Speaker 2: who feel they I like the way things are, Why
• 21:42
  Speaker 2: did I Why should I change it? I like my personality.
• 21:45
  Speaker 2: I don't think I'm chaupinistic. What do you say to
• 21:48
  Speaker 2: that care.
• 21:48
  Speaker 3: Well, I would say I would say to them, what's
• 21:51
  Speaker 3: going to happen when you die? And what's going to
• 21:53
  Speaker 3: happen to your to your wife, m h, you're going
• 21:58
  Speaker 3: to be okay? Or mom or your daughter? Are you
• 22:04
  Speaker 3: okay with that? Because I so. The other thing is
• 22:07
  Speaker 3: that ninety percent of women are going to be responsible
• 22:10
  Speaker 3: at one point in their life for their own financial future.
• 22:13
  Speaker 3: So why would they do it? And most of the
• 22:17
  Speaker 3: time it's when something terrible happens, a death, a divorce,
• 22:22
  Speaker 3: a disability, a job loss, something terrible that rocks their
• 22:25
  Speaker 3: world is when I get a call from a female client.
• 22:30
  Speaker 3: So I always say it's they call me when it's
• 22:32
  Speaker 3: raining for them, like everything is terrible. I want to
• 22:36
  Speaker 3: I want it to be that a woman calls me
• 22:38
  Speaker 3: when when it's sonny out and everything's great, and that's
• 22:42
  Speaker 3: when they come to me. And honestly, that's when the
• 22:44
  Speaker 3: guys usually hire a financial planner, but it's not when
• 22:47
  Speaker 3: the women do. The women are under some sort of
• 22:50
  Speaker 3: you know, life changing, altering situation where they're completely overwhelmed
• 22:55
  Speaker 3: and they need help, and that's what usually when they
• 22:57
  Speaker 3: bring somebody in, but they should really bring it in earlier.
• 23:01
  Speaker 3: And also I just think that every woman should be
• 23:05
  Speaker 3: responsible for their own financial literacy and their own financial
• 23:08
  Speaker 3: future and also teach teach the next generation because that's
• 23:12
  Speaker 3: how we're going to create wealth over time. And also
• 23:15
  Speaker 3: the other thing is that wealth just gives you choices
• 23:18
  Speaker 3: in your life. It gives you choices to do what
• 23:21
  Speaker 3: you want to do. If you want to work or
• 23:25
  Speaker 3: take a take a lesser paying job, if you want
• 23:27
  Speaker 3: to stay home, if you want to work from home,
• 23:29
  Speaker 3: if you want to you know, buy a second house,
• 23:32
  Speaker 3: if you you know what kind of car you want
• 23:34
  Speaker 3: to drive, what you want to all, what church you
• 23:37
  Speaker 3: want to belong to, Where do you want to live,
• 23:38
  Speaker 3: what house you want to live in? Like, it's what neighborhood,
• 23:41
  Speaker 3: It's like, it's everything related to wealth gives you the
• 23:45
  Speaker 3: choices to make these decisions in your life that you
• 23:49
  Speaker 3: have control over. You know, there's so many things we
• 23:52
  Speaker 3: can't control in our lives. It's amazing that if you
• 23:55
  Speaker 3: have this money, you have all these choices. Right, everybody
• 23:59
  Speaker 3: should have one. Everybody should have a plan, and everybody
• 24:01
  Speaker 3: should know where they're going, and everybody should be making
• 24:04
  Speaker 3: all the right moves with money.
• 24:05
  Speaker 2: Well, you got a new book out, it's called Women
• 24:07
  Speaker 2: and Wealth and twenty five years.
• 24:10
  Speaker 1: Tell us how we can get in touch with you, Carrie.
• 24:13
  Speaker 3: Sure. So I am easy to find because I am
• 24:16
  Speaker 3: the only carry Corbinaro on the planet. So it's very
• 24:21
  Speaker 3: easy to find me. C A r y c R
• 24:23
  Speaker 3: b O n A ro o. My website is Carrycobinaro
• 24:26
  Speaker 3: dot com, LinkedIn Carriecobinaro, Facebook, Carry Cobinaro, Instagram, carriy Cobinaro
• 24:33
  Speaker 3: X Carrycobinaro. So I'm very very easy to find and
• 24:37
  Speaker 3: you can just google my name too and find me
• 24:39
  Speaker 3: that way.
• 24:39
  Speaker 1: She's amazing.
• 24:40
  Speaker 2: She leads a multimillion dollar financial planning service specializing and
• 24:44
  Speaker 2: empowering women to overcome financial challenges and increase their financial literacy,
• 24:50
  Speaker 2: a new book, Women and Wealth.
• 24:52
  Speaker 1: Thank you for compan on Money Making Conversation master Class.
• 24:54
  Speaker 3: Carry Thank you so much for having me. It was
• 24:57
  Speaker 3: a pleasure.
• 24:58
  Speaker 1: You're fantastic. Thank you.
• 25:00
  Speaker 2: This has been another edition of Moneymaking Conversation Masterclass hosted
• 25:04
  Speaker 2: by me Rushawn McDonald. Thank you to our guests on
• 25:07
  Speaker 2: the show today, and thank you for listening to the
• 25:09
  Speaker 2: audience now. If you want to listen to any episode
• 25:12
  Speaker 2: I want to be a guest on the show, visit
• 25:14
  Speaker 2: Moneymakingconversations dot com. Our social media handle is money Making Conversation.
• 25:19
  Speaker 2: Join us next week and remember to always leave with
• 25:21
  Speaker 2: your gifts.
• 25:22
  Speaker 1: Keep winning.