I was recently asked to speak at an event for a Social Club called Women Building Wealth. I spoke about the Stock Market in a very general sense. What it is and how it works. I tried to make it general and non-specific but what I realised while talking to this group of very talented and energetic women is that certain parts worked really well and certain other parts did not.
The parts that seemed to resonate were the actual ‘take-aways’ or ‘homework’ type suggestions that I threw at them. I asked them to think about their values and write them down on a piece of paper. Then I suggested ways in which money can help them live their values. This part worked well. Then came the part that didn’t; I started to define the stock market, what it is and how it works. I lost them when I went into the definitions and types of products that are available in the field of finance.
It dawned on me, that there was a big gap that I needed to bridge to go from the values part and how money plays into these values, to the stock market or general investment knowledge part. How does someone who does not live and breathe the markets everyday (like me) begin this very harrowing prospect? The acronyms in finance are bad enough, and that is just the beginning!
So I have an idea. I want to Make money make sense for everyone! Would this be a valuable read for you or anyone in your circle of concern?
I need you to suggest what you would want to know when it comes to your finances. Is it understanding stock jargon? Is it understanding how to figure out your net worth? Or maybe create a budget for yourself? Is it figuring out fees or tax implications?
Please help me!! Let me know via comments here or on twitter or on fb or via my personal email! Any and all suggestions help.
I will compile a table of contents and write them and publish on here first!
We live the market while many who are not in finance don't know what the definition of a bond or a stock is or don't have the urge to know because they perceive capital markets as something "dark" and "ugly". I think the it would be necessary to give an introduction of how the capital markets serve the society instead of simply being "ugly". Then it would also be invaluable to touch on the macroeconomic environment and how the variables such as inflation, interest rate would impact how people allocate their money. With those topics down, the specific investment products would make more sense to audiences that are not from Fiance background.ReplyDelete
It's the coolest thing in the world to see your passion and desire to make the world a better place and devote your effort into it. You are my inspiration, Priya!