Three Powerhouse Females Who Help Women Living Paycheck To Paycheck To Achieve Financial Success
I love studying historical figures. I try to imagine who they might be as contemporaries instead of seeing them as one-dimensional or unrelatable. One hundred and seventy-five years ago, two strong women, Elizabeth Cady Stanton and Lucretia Mott, came up with the idea to hold the first-ever women’s rights convention. It was 1848, and the Seneca Falls Convention took place in New York to support equal rights for the millions of mothers and daughters belonging to America. This must have taken great courage to organize.
Elizabeth and Lucretia may not have realized it then, but they ignited a fire that would never extinguish with that convention. From then on, female and male activists’ cells became more prominent and vital. It was after the conference that Susan B. Anthony joined the women’s cause with Elizabeth Stanton and Lucretia Mott. The Seneca Falls Convention began the fight for women’s right to vote in the U.S. and opened a seemingly nailed-shut doorway.
In 1913 the Alpha Suffrage Culb of Chicago held its first meeting led by the group founder, Ida B. Wells. The club was America’s first focused on gaining voting rights for Black women. The club fought to include Black women in voting elections and political offices. Ida also bravely confronted white women who were not supporting anti-lynching laws as part of the women’s suffrage movement. In addition, Ms. Wells started a crusade against capital punishment on the gallows and saved hundreds of Black people from being executed by hanging.
Seventy-five years after the Seneca Falls Convention, in 1920, the women’s rights movement celebrated its first historical win. With the ratification of the Nineteenth Amendment, tens of millions of Black and White activists achieved an undeniably giant (and painstaking) victory; women were granted the legal right to vote in America.
Today, data shows that there’s been significant global economic growth since women gained more equal rights. In addition, different regions across the U.S. have experienced increased school spending, higher enrollment rates, and a decline in child mortality rates.
March of 2023 marks over a century since the signing of the Nineteenth Amendment, and for every dollar a white non-Hispanic man earns, a white woman is only paid .82 cents.
Our country’s Native American women are paid even less, .60 cents for every dollar. And it’s painful to state that Black and Hispanic women earn a mere .56 cents for each dollar in a white, non-Hispanic man’s paycheck.
Let’s dig deeper. Consider single-parent households across the nation. Eight million homes are run by hard-working single mothers who continue to see a decrease in pay every year, and almost 50 percent live in poverty.
Women make up 47 percent of the workforce and continue the battle for pay equality in a country where they give back the same amount of money in taxes and work just as hard to keep the country fueled.
Analysts estimate that the pay gap will close in 2038. So, what can women be doing over the next 15 years to help lift themselves out of financial hardship?
First and foremost, ladies living paycheck to paycheck or in poverty need to know they are not in this economic crisis alone. Forty-three percent of Americans have an empty bank account after paying the rent and electricity bill.
Second, In honor of Women’s History Month, we’re excited to introduce a few influential and financially successful women who provide free resources as a hand-up to their sisters of all colors in the U.S.
Here are three take-charge female leaders who continue the fight for pay equality by helping other women with challenging issues such as investing, retirement, and how to make more out of their current low income.
Delyanne, Nationwide Money Expert & Millionaire Latina | The Money Coach
Award-winning educator and creator of the Slay the Stock Market course, Delyanne is known for dedicating her time to teaching people who are in need how to slay the stock market. She’s the founder of The Money Coach website, which offers free blogs, podcasts, and guides to help with debt relief, investments, and understanding complex financial topics. Delyanne is an attorney and nationally recognized money expert who has been featured on CNN, CNBC, CBS8, Fortune, TIME, NextAdvisor, Business Insider, and Bold Latina. She’s ready to help, and there really is no fee for a library of in-depth resources to help with economic inequality.
Vee | The Broken Wallet Free YouTube Channel
The Broken Wallet, founded and led by Vee, has an entire YouTube channel created as a resource to help those struggling in life due to low incomes or poverty. Vee is a personal finance writer with 18 years of experience providing free advice for topics such as debt relief, frugal living, Acorn investing, and many more.
Vee and The Broken Wallet are dedicated to giving women and men the financial tools and information they need to improve their financial life. Visit her YouTube channel for a new episode every Saturday morning and check out past installments to help with shopping hacks and evolve your money mindset.
Farnoosh Torabi | So Money Podcast
Farnoosh Torabi is a highly-experienced researcher, reporter, podcast creator, and host. Farnoosh’s So Money podcast offers 1,000s of free episodes full of financial advice.
Guests include well-respected, financially successful, and famous women such as musician and actress Queen Latifah and award-winning comedian Margaret Cho. Farnoosh hosts two television series, Bank of Mom and Dad and CNBC’s Follow the Leader. She has written financial columns for O: The Oprah Magazine and won awards from ENTREPRENEUR MAGAZINE and The New York Times.
If you work and still can’t pay bills, or buy groceries and essential household items, visit Prosperikey.org to access free resources and a community of support.
