Tue May 21 2024, by Tyler Gardner

3 Key Steps for Women to Become Millionaires

If you're a woman and you want to become a millionaire before the man sitting next to you, you need to do the following three things right now.

1. Prioritize Your Career

First, do not sacrifice your career for his. There’s a 50% chance that you will get a divorce or be separated. Even in the best-case scenario, you could wind up with 50% of the assets, but you won’t gain 50% of his decade of career growth and opportunities.

2. Ensure Financial Transparency

Make sure you and your partner have equal access and visibility to all shared accounts. This includes insurance, mortgage information, investment accounts, and any debt you carry as a family. If your partner tries to gaslight you, claiming you’re crazy for not trusting them with this information, remember this is a form of financial abuse. There are resources available to help guide you through these conversations.

3. Schedule Regular Financial Check-Ins

Finally, have a financial date night once a month. This date should be devoted entirely to discussing money—your dreams, your hopes, and your fears. Not only will this give you both an opportunity to discuss finances when things are going well, but it’ll also create space for him to admit that he doesn’t have all the answers. After all, he was raised in a society that suggests he should.

Taking these steps will put you on a solid path toward financial empowerment and closer to achieving your millionaire goals!

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