Empowering Women: Financial Independence and Literacy Post-Divorce with Ed Vargo
Jamie M. Lima and Ed Vargo explore taking control of finances after divorce, focusing on power imbalances and cultural barriers. They outline steps for understanding assets, discuss the financial industry's approach to women, and examine how emotions affect financial decisions. The episode covers gender differences in planning, the importance of financial literacy for families, and introduces EnlightenHER, a program to boost women's financial knowledge. Strategies for building financial momentum are also shared, offering listeners valuable resources for their journey.
Key Points
- Understand what you own and what you owe to level the playing field during divorce negotiations.
- Money is emotional, and recognizing the biases and emotions tied to it can help in making informed financial decisions.
- Teaching children about money early using simple tools and modeling good financial behavior can set them up for lifelong financial success.
Visit Ed's links to explore more of his work.
Website - https://burningriverag.com/ Facebook - https://www.facebook.com/BurningRiverAdvisoryGroup/ LinkedIn - https://www.linkedin.com/company/burning-river-advisory-group/
Ed Vargo is the Co-Founder and CEO of Burning River Advisory Group and EnlightenHer, a community focused on financial mentorship for women. With over 20 years in financial services, Ed helps women navigate long-term financial planning for all life stages, including retirement, college, and transitions related to divorce or death.
His dedication is personal; inspired by his mother’s financial struggles after his parents' divorce, Ed is committed to empowering women to confidently manage their finances and avoid similar hardships. He is a member of the Financial Planning Association® and the Society of Financial Service Professionals. Ed is married with five daughters, ages 18-24, whom he has raised to be financially empowered young women!
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Transcript
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