Financial Advisor | Ask Roselyn Wilkinson | It's Good to be Queen

How is your book different from other financial planning books written for women?

It's Good To Be Queen is comprehensive but not daunting.  It lays out the steps that every woman needs to take to get from where they are to where they want to go with their finances.

Explain why your approach to money management is easy and effective.

As I explain in the book, you don't have to be a mathematician to understand saving and investing. Getting started with taking control of your finances doesn't have to be any more complicated than eighth-grade math. You just need to start, and I show how best to do so.

What is the biggest hurdle or obstacle that you see women typically struggling with when addressing their personal finances?

Two things: First, it's hard to make the time when you don't have a sense of urgency and no one is requiring you to make it a priority.  If you're overwhelmed by everything else you have to get done in a day, who's got the time to step back and look at the big picture? Second, if you are scared and lack confidence, it doesn't seem like fun so why would you want to do it even if you had the time?

Your book is about money management, but it speaks to a much  larger  societal  message  about  and  for  women. Explain the deeper message you are using in your “royal” analogy.

We are still promulgating the romantic fantasy of the princess being rescued by Prince Charming. Little girls still learn about Cinderella and Snow White.  Grown women are still captivated by the British royal family. From “Toddler and Tiaras” to “Say Yes to the Dress”, women and girls are encouraged to aspire to be princesses. This is a problem since little boys aren't grooming to be Prince Charming and why should they?

Who is your ideal reader?

Women between the ages 18 and 50, but really any woman.  It's never too early or too late to start taking control of your financial future.

Your book is for women, but can men benefit from it, too?

Absolutely! Men have short-, mid-, and long-term goals.  They need to make wise financial decisions to meet them, too.

What advice can you quickly give women to encourage them to address taking control of their financial advice?

Think of your financial health like your physical health. You're going to need money until you draw your last breath and you want to be financially fit from now until then.

Is your approach based on a specific system or plan?

The book offers time-tested wisdom in addressing basic components of a comprehensive financial plan.

How much do you get into investments?

The book covers investment basics that will be enough to handle most women's financial situa- tions. But as I explain, investing is only part of a sound financial plan.

As a financial advisor, do you fairly convey when it's the right time to work with an advisor?

I think so.  In the modern world, there is a lot of pressure on people to be do-it-yourselfers to save money – from home repair to investing to writing your own legal documents.  I don't think people should underestimate the value a professional brings to a working relationship.  Financial advisors make full-time careers based on their expertise. If you don't have the time, interest or inclination to manage your on financial planning, there's no shame in finding an expert whom you trust to help you for a fair price.