Posted
Nov 09 2007, 07:43 AM
by
Karen Datko
This post comes from Trent Hamm at partner blog The Simple Dollar . My wife was leafing through David Bach’s " Smart Women Finish Rich " when she asked a very astute question: Is it really necessary for men and women to receive different personal-finance advice? I’ve puzzled over how to answer this for months, knowing what I want to say but realizing this issue is bound to get me in hot water with some segment of my readership. However, it’s a worthwhile issue to discuss, so here goes. It’s not necessary , but it is useful for men and women to receive different personal- finance advice. Why? Men and women simply think differently , and a big portion of personal-finance success is psychology. Even if there were a clearly optimal way to manage your finances, it would take psychological effort to achieve it. If men and women think differently, the advice that will help them achieve it will be different. Let’s look at this a bit more closely. From the article linked to above at LiveScience
Read More...
