Building wealth isn’t always about the money.
In a recent podcast, Suze Orman said there are three internal obstacles women face when it comes to building wealth: fear, shame, and anger.
Orman said women often put themselves “on sale,” which causes them to settle for less — they’re afraid to ask for what they want and don’t ask for what they know they’re worth.
Surprise: Making money isn’t always about the money.
Women must first overcome a few mental obstacles when it comes to building wealth that have little to do with how big their bank account is, according to bestselling personal finance author Suze Orman.
“Fear, shame, and anger are the three internal obstacles to wealth,” Orman said on a recent “So Money” podcast with journalist Farnoosh Torabi and editor-in-chief of Money magazine Adam Auriemma.
“Bar none, that is the exact three internal emotions that keep you from being more and therefore, having more. The only way to do it is by taking action,” Orman said. She shared the story of a hairdresser she once went to who billed Orman $135 for a color, cut, blow-dry, and conditioning treatment.
“I looked at her and I said, ‘Are you crazy?’ She said, ‘Well Suze, if I charge more, I’m afraid that the people won’t use me anymore.’ I said, ‘But, you’re not making any money. You’ve put yourself on sale. You are one of the best hairdressers I’ve seen, the best colorist. Oh, my God. You should be charging $300 or $400 for this, at least.'”
This is the epitome of what Orman calls women putting themselves “on sale.”
“They’re afraid to ask for what they really want,” she said. “They put a price …read more
Source:: Business Insider