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Four Books To Help Kick Your 2018 Finances Into Gear

Finance

One of the most challenging things about starting your own business revolves around your very own cold hard cash. When you're starting out, you may scratch your head over how much you should pull from your savings account and dump into backing your idea. You may even head on over to the bank to chat about getting a loan to help fuel your mighty business plan.


Once the money starts pouring in, the head scratches over your money become even more confusing at times. You'll start to wonder how you should do your business accounting, pay taxes correctly, and even attempt to figure out how much of a salary you should take for yourself every month.

The best places to look for some of those answers are right inside books written by other fierce and fearless female entrepreneurs. Here are four of the best financial advice books to pick up this month:

1. Get Your Advice from a Shark

Book: Shark Tales: How I Turned $1,000 into a Billion Dollar Business

Author: Barbara Corcoran

If you've ever tuned into ABC's Shark Tank, you'll know Barbara Corcoran for her poise, determination, and at times, ruthlessness. But, you may wonder how she became a major player in real estate and the owner of a $6 billion dollar business. Her book tells her real-life story of how at age 22, she borrowed $1,000 from her boyfriend, quit her job as a waitress and started a small real estate office in New York City. Through her stories, you're able to watch her journey unfold and see how she took a small amount of borrowed cash and created a well-known empire.

2. Build a Relationship With Your Cash

Book: Worth it: Your Life, Your Money, Your Terms

Author: Amanda Steinberg

Who better to take money advice from than the founder of a financial site for women, Dailyworth.com. Amanda Steinberg's book dives deep into the relationships that women have with self-worth and money. The book outlines the key financial information that women need to know, while also cracking down on why women feel stressed and anxious when it comes to their own finances. She allows readers to feel as though money can be a source of freedom and independence, and that alone is why the book is worthy of a read.

3. Become a Badass With Your Cash

Book: You Are a Badass at Making Money: Master the Mindset of Wealth

Author: Jen Sincero

You may have already fallen in love with Jen Sincero after reading her first book, You are a Badass, a couple of years ago. But she's back and this time; she's here to spew money advice that you've never heard before. Jen explores her own money transformation through personal essays with bite-size concepts and digestible advice. She helps readers tap into their natural ability to become rich, relate to money in a new way, and uncover what's holding a person back from making money.

4. Learn How to Go Big Instead of Going Home

Book: Million Dollar Women: The Essential Guide for Female Entrepreneurs Who Want to Go Big

Author: Julia Pimsleur

If you're looking for a book that gives advice from a handful of women entrepreneurs, who have raised capital, created powerful networks, and built multimillion-dollar companies – from scratch – this book is the one you should check out. It gives you the tips you need to secure funding, scale up and make the right connections. Plus, you'll find exercises at the end so that you can start working on your own money plan and strategy before you flip to the final page of this book.

Career

Male Managers Afraid To Mentor Women In Wake Of #MeToo Movement

Women in the workplace have always experienced a certain degree of discrimination from male colleagues, and according to new studies, it appears that it is becoming even more difficult for women to get acclimated to modern day work environments, in wake of the #MeToo Movement.


In a recent study conducted by LeanIn.org, in partnership with SurveyMonkey, 60% of male managers confessed to feeling uncomfortable engaging in social situations with women in and outside of the workplace. This includes interactions such as mentorships, meetings, and basic work activities. This statistic comes as a shocking 32% rise from 2018.

What appears the be the crux of the matter is that men are afraid of being accused of sexual harassment. While it is impossible to discredit this fear as incidents of wrongful accusations have taken place, the extent to which it has burgeoned is unacceptable. The #MeToo movement was never a movement against men, but an empowering opportunity for women to speak up about their experiences as victims of sexual harassment. Not only were women supporting one another in sharing to the public that these incidents do occur, and are often swept under the rug, but offered men insight into behaviors and conversations that are typically deemed unwelcomed and unwarranted.

Restricting interaction with women in the workplace is not a solution, but a mere attempt at deflecting from the core issue. Resorting to isolation and exclusion relays the message that if men can't treat women how they want, then they rather not deal with them at all. Educating both men and women on what behaviors are unacceptable while also creating a work environment where men and women are held accountable for their actions would be the ideal scenario. However, the impact of denying women opportunities of mentorship and productive one-on-one meetings hinders growth within their careers and professional networks.

Women, particularly women of color, have always had far fewer opportunities for mentorship which makes it impossible to achieve growth within their careers without them. If women are given limited opportunities to network in and outside of a work environment, then men must limit those opportunities amongst each other, as well. At the most basic level, men should be approaching female colleagues as they would approach their male colleagues. Striving to achieve gender equality within the workplace is essential towards creating a safer environment.

While restricted communication and interaction may diminish the possibility of men being wrongfully accused of sexual harassment, it creates a hostile
environment that perpetuates women-shaming and victim-blaming. Creating distance between men and women only prompts women to believe that male colleagues who avoid them will look away from or entirely discredit sexual harassment they experience from other men in the workplace. This creates an unsafe working environment for both parties where the problem at hand is not solved, but overlooked.

According to LeanIn's study, only 85% of women said they feel safe on the job, a 5% drop from 2018. In the report, Jillesa Gebhardt wrote, "Media coverage that is intended to hold aggressors accountable also seems to create a sense of threat, and people don't seem to feel like aggressors are held accountable." Unfortunately, only 16% of workers believed that harassers holding high positions are held accountable for their actions which inevitably puts victims in difficult, and quite possibly dangerous, situations. 50% of workers also believe that there are more repercussions for the victims than harassers when speaking up.

In a research poll conducted by Edison Research in 2018, 30% of women agreed that their employers did not handle harassment situations properly while 53% percent of men agreed that they did. Often times, male harassers hold a significant amount of power within their careers that gives them a sense of security and freedom to go forward with sexual misconduct. This can be seen in cases such as that of Harvey Weinstein, Bill Cosby and R. Kelly. Men in power seemingly have little to no fear that they will face punishment for their actions.


Source-Alex Brandon, AP

Sheryl Sandberg, Facebook executive and founder of LeanIn.org., believes that in order for there to be positive changes within work environments, more women should be in higher positions. In an interview with CNBC's Julia Boorstin, Sandberg stated, "you know where the least sexual harassment is? Organizations that have more women in senior leadership roles. And so, we need to mentor women, we need to sponsor women, we need to have one-on-one conversations with them that get them promoted." Fortunately, the number of women in leadership positions are slowly increasing which means the prospect of gender equality and safer work environments are looking up.

Despite these concerning statistics, Sandberg does not believe that movements such as the Times Up and Me Too movements, have been responsible for the hardship women have been experiencing in the workplace. "I don't believe they've had negative implications. I believe they're overwhelmingly positive. Because half of women have been sexually harassed. But the thing is it is not enough. It is really important not to harass anyone. But that's pretty basic. We also need to not be ignored," she stated. While men may be feeling uncomfortable, putting an unrealistic amount of distance between themselves and female coworkers is more harmful to all parties than it is beneficial. Men cannot avoid working with women and vice versa. Creating such a hostile environment is also detrimental to any business as productivity and communication will significantly decrease.

The fear or being wrongfully accused of sexual harassment is a legitimate fear that deserves recognition and understanding. However, restricting interactions with women in the workplace is not a sensible solution as it can have negatively impact a woman's career. Companies are in need of proper training and resources to help both men and women understand what is appropriate workplace behavior. Refraining from physical interactions, commenting on physical appearance, making lewd or sexist jokes and inquiring about personal information are also beneficial steps towards respecting your colleagues' personal space. There is still much work to be done in order to create safe work environments, but with more and more women speaking up and taking on higher positions, women can feel safer and hopefully have less contributions to make to the #MeToo movement.