The biggest financial challenge facing women in their fifties is…caring for their parents, says Cary Carbonaro, author of The Money Queen’s Guide. Women who are approaching their fifties (or are already there) should formulate a financial plan for making sure their parents are safe and secure as they grow older.
Turning 40 marks a major milestone. By then, women typically have already experienced a lot of life events—marriage, children, career—and need to be prepared for more changes ahead. Cary Carbonaro, The Money Queen, shares some money advice specifically for women in their 40s.
Your thirties bring forth a decade of increased financial responsibility. Cary Carbonaro, financial planner and author of The Money Queen’s Guide, gives some financial advice that will help you glide through your 30’s.
Your twenties are a time of radical change. It’s when you graduate college, get your first “real” paycheck, and have to start planning for the future. Cary Carbonaro provides one piece of financial advice that you will appreciate for the rest of your life.
I was earning $500,000 a year at age 30, but I felt like I wasn’t making much money because I was in an established industry without big stock options. It was conservative and I was conservative. It didn’t fulfill me. I felt like I wasn’t making a good difference in anyone’s life.
So I quit that job, moved to Central Florida and started my own financial advisory business. Everyone thought I was crazy. Who walks away from an amazing job like the one I had?
I had to reinvent myself as an entrepreneur. It took me a long time to build my firm, one client at a time, from scratch. I went from $500,000 income a year to almost zero the next. It challenged me personally, professionally and emotionally.
Certified Financial Planner and author Cary Carbonaro talks with Opportunist’s Managing Editor Leslie Stone about her new book, the one piece of advice she would give women today and whether she thinks the country is ready for a female president. Read here