A Woman’s Book of Money and Spiritual Vision: Putting Your Financial Values into Spiritual Perspective

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Ages: Adult. Resource Types: Books.

Review & Commentary

One thought on “A Woman’s Book of Money and Spiritual Vision: Putting Your Financial Values into Spiritual Perspective

  1. Review

    Money, most probably, has always been a complicated topic for women. Often it represents dependence (as for an unpaid homemaker), or inequity (as for those working women whose earnings average less than 70% of men’s ), or power ( as for those women whose male family members keep money matters a secret). Perhaps more fundamentally, money is a reward in our society for qualities that are perceived as unfeminine, such as competitiveness and aggression. This may lead a number of women to neglect finances or "choose" to take no interest in their workings.

    It is essential that women both understand and feel comfortable with money matters, since they are often unexpectedly vulnerable. Divorce and widowhood leave many women unprepared for financial responsibility. Older women are especially at risk. Since they live on average seven years longer, and usually have had less time in the work force to build retirement savings, elderly women are likely to descend into poverty: The median income for women over 65 is less than $9000!

    Rosemary Williams, a former financial planner and banker, and her journalist collaborator Joanne Kabak, have made an important contribution with their book. Through a series of exercises, personal stories and common sense techniques, they guide women to make the connection between the outer world where money is made and spent, and the inner world of spirituality, where personal money decisions are actually made. Using the metaphor of a circle, the authors identify Six Stages of the Money Journey:

  2. Uncovering hidden messages. Have you ever been told "don’t worry your pretty little head about money?"
  3. Identifying a money autobiography. How were you taught, explicitly and implicitly, about money as you were growing up?
  4. Bringing out facts and feelings. How much money do you have, where is it, and how do you feel about it?
  5. Creating alignment. Is the way you handle money in tune with who you really are?
  6. Finding your dream. What do you actually want to be doing in life, and what role does money play?
  7. Taking action. How can you take specific steps to combine a realistic approach to money with a sense of spiritual purpose?
  8. I have used this book twice as the basis for workshops on money and spirituality, and found it creatively provocative, useful in practical ways, and inspiring for the participants. The authors make a powerful case for the idea that true affluence comes from true alignment, the connecting of outer resources with inner beliefs. I share with them the conviction that this lesson is as applicable to a woman on welfare as it is to an heiress.

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