“What you appreciate, appreciates. — Lynne Twist, author, “The Soul of Money”

A Note from Hope Katz Gibbs, publisher, Inkandescent Women magazine — When it comes to women and their relationship with money, things can get complicated. In this month’s issue of Inkandescent Women magazine, we explore a dozen topics that will help women everywhere flex their financial muscles thanks to our April 2021 cover girl: Marguerita Cheng, CFP® Pro.

From tips from her upcoming book, Diary of a CFP® Pro, to insights from her weekly show on, you’ll discover useful tips that you can begin applying to your life today! Click here to read all about it!

That’s not all! 

Another Inkandescent client — Financial Planner Carmen Wu — explains in this video that women are twice as likely to live below the poverty line during retirement. “It’s shocking, but it’s true,” explains Carmen in this interview on News Channel 8s Let’s Talk Live, reporter Sonya Gavankar.

You’ll learn:

  • Why women are challenged in saving for retirement
  • How Social Security benefits are calculated
  • Why women are more likely to live in a nursing home than men, and what that means for their long-term financial health
  • What Carmen advises to combat these challenges

Watch the video interview with Carmen on ABC News Channel 8.

Research shows the conflict starts early. Consider these 8 facts:

  • Parents pay boys twice as much allowance as they do their kids identified as girls.
  • It continues in the culture: In one study 65% of financial articles aimed at women told them that they are “excessive spenders.” They encouraged women to find bargains and coupons and control splurges.
  • Articles aimed at men told them to dare to invest and spend to increase their power. Single women pay more for mortgage loans and are denied them more frequently than single men or couples. Single women borrowers are more likely to be people of color.
  • Women make up 57% of all higher education students but they hold nearly two-thirds of the debt across all educational levels. Black women graduate with the most debt: $30400 compared to $22000 for white women and $19500 for white men.
  • Five times more women than men live paycheck to paycheck without an emergency fund.
  • The pink tax (being charged more for the same products marketed differently) costs women an average of $1351 a year.99% of investment management firms are owned by white men 88% of senior fund managers are white more than 70% of junior professional investors are white. Women make up only 8% of investors.
  • Women hold 71% of their assets in cash (aka not investing to build wealth) vs 60% held by men.
  • Women on average retire with two-thirds the money that men do.

Are you ready to reclaim the wealth of your inner resources?

If you haven’t read the chance to read Lynne Twists’s bestselling book, The Soul of Money: Reclaiming the Wealth of Our Inner Resources, I highly recommend you add it to your to-do list.

Her wise exploration of the connection between money and leading a fulfilling life is liberating, for it helps us examine our attitudes toward money (earning it, spending it, and giving it away), which provides surprising insight into our lives, our values, and the essence of prosperity.

Lynne offers personal stories and practical advice, which demonstrates how we can replace feelings of scarcity, guilt, and burden with experiences of sufficiency, freedom, and purpose. She also takes an honest and critical look at the extraordinary power that money wields over our lives and its profound and often destructive influence on our self-image and relationships.

“In a consumer society that glorifies the pitch, the sale, and the insatiable appetite for more as a measure of self-worth, I encourage you to step back, to examine your relationship with money, and assess your connection with core human values,” Lynne says. “I hope you’ll change this relationship and, in so doing,  transform your life.”

Check out Lynn’s video and read the entire April issue of Inkandescent Women magazine now!