Financial Literacy Is Crucial For Female Entrepreneurs

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By the age of 23, Nicola Jackson had already buried three children, and was overworking herself at a hair salon just to make ends meet. Twenty-five years later, she's the CEO of Pink Millionaire, committed to helping women become financially literate.

For those who are struggling currently, Nicola has a few key tips. “First, money mistakes are just things that you’re supposed to learn from. If you feel as though you’ve hit a stopping point, take a step back and don’t get caught in a state of sadness or anger because of financial problems. Rather, see mistakes simply as challenges for you to make changes. From there, figure out a clear vision for your financial life.

For those who are currently experiencing hardship, one of the biggest truths you must digest to move forward is that money mistakes are going to happen. “You just need to be able to learn from them,” Jackson says. “Even though you feel as if you’ve hit a stopping point, do not confuse taking that step back with getting lost in a state of sadness or anger. Take these mistakes as challenges for you to make a change.

“If you get lost in the idea that you can help everyone at the same time, you are bound to fail,” explains Jackson. “For me, I am extremely passionate about helping mothers of all ages and female entrepreneurs, which gives me direction on how to provide the solutions I do. “Women are a crucial part of the entrepreneurial world and they are the change-makers that this industry needs. Only by empowering other women both at work and in their homes will bring about major change in our financial inequity. If we are to help close the nation’s economic and gender wage gap, we need to look for personalized ways to teach financial literacy that haven’t been taught in schools, and unfortunately, still aren’t.

 

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“Work hard and make sacrifices and you’ll make it to the top 1%” is not only cliche, it’s a non-statement. Like we all aren’t working hard. She’s in a HIGH demand field; Black women’s hair obsession. Start there. “Make your niche a good one.”

But not male entrepreneurs because it's instinctual.

For every entrepreneur..Not just females

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