We all know that women continue to earn $ .80 to every $1.00 earned by a man. This has to stop. Women MUST value their work equally. Women MUST cultivate effective negotiation strategies and techniques. And women MUST develop financial habits that enable them to achieve their goals.

We’re talking to all real estate agents here AND we’re talking specifically to women real estate agents. Time to own up. It is NEVER too late to take control of your finances.

According to Ellevest, a digital investing platform designed with women in mind, money is the number one confidence booster for women. It’s time to get the life you want by establishing and following these 5 financial habits.

  1. Pay off your bad debt.
    1. Start with a clean slate…pay off your credit card debt as soon as possible.
    2. Establish a steady income stream so you can pay off your debt AND have a little extra.
    3. Make SURE you AND everyone else in your life are not selling you short.
    4. Learn how to negotiate for what you earn/deserve.
    5. Write down your bad debt…writing it down will help you get rid of it.
    6. Good debt such as student loan debt does NOT need to be paid off a.s.a.p.
      1. According to styleSalute, good debt that costs you less than 4%/year outstanding enables you to invest in a diversified portfolio that will generate more than 4% instead.
      2. Look at sites such as Lenkey to refinance your student debt.
      3. Put your student debt on auto-pay and save 0.25%.
      4. Check periodically for ways to lower your student payments
  1. Save AND invest!
    1. Studies show that women are better investors than men.
    2. Set aside 50% for needs, 30% for wants, 20% for investing.
  2. Set up an emergency fund…remember, life happens.
    1. Your money is your power.
    2. Having some money set aside and stashed away for emergencies will help you breathe better.
  3. Find a financial advisor and schedule an appointment.
    1. EVERY successful woman has an entourage.
    2. EVERYONE NEEDS HELP.
  4. Remember your retirement.
    1. Your path starts NOW to a carefree, fun, fulfilling retirement.
    2. There are different kinds of IRAs. Research and ask your financial advisor which type of IRA is best for you.
    3. Find out how to consolidate your IRA with any of your old 401K’s. Your financial advisor will be able to help you with this.