MPK Equity Partners’ Post

Our CEO was featured in the latest piece by Kimberly Palmer at NerdWallet , sharing tips on how to recover financially after a divorce. Check out the article below and share it with whom you think can benefit.

If women tend to get poorer after divorce, how come no one has come up w a product or service to prevent this? Could it be because the financial services industry has traditionally been led by men? We know that diverse leadership helps companies come up with a diverse set of products and services, because (naturally) leaders often struggle to understand problems they don't have direct experience with. So what happens when a company like @Ellevest is created to offer financial services for women, created BY women? They come up with an entirely new product: the Divorce Financial Planning Package. Research shows that women lose 30% of their wealth after divorce (on avg), while men get 30% richer. That's categorically unfair. (Duh?) So Ellevest has now created a service that many women need and will want. Kudos! https://lnkd.in/gHS2k5BX

The time after divorce or a breakup is maybe when it’s the most difficult for women to step into their financial power. And there are really valid (really unfair) reasons for this. Mental and emotional expenses aside, it’s a fact that ending a relationship disproportionately affects women’s money (after divorce, women’s finances decrease by a sobering 41%). It’s possible to take steps to feel more in charge of your breakup or divorce finances — and, in turn, feel more in charge of your life. Just take it from women who’ve been there from the Ellevest community. New on the Magazine, here are 30 ways women boosted their confidence with money after divorce or breakups by using their financial power however they please.

****MEDIA ALERT**** The more I do the work I do, the more I realize who I tend to attract and serve. I serve women leaders, professionals and leaders. However, it's even more specific than that...it's single, separated or divorced women and women who manage their money independent of their partner. When separation or divorce is happening, financials can be a focus area that needs particular attention. Recently, I was sourced, again, to contribute to a piece by Kimberly Palmer at NerdWallet and the piece dropped today!!!! 👏 I enjoyed contributing my thought capital with them and partnering with Kim. Her piece is well written and I love that she included a complementary resource that individuals can tap when in a financial transition, particularly, a financial shock from divorce. The piece is called, "Taking these financial steps could help post-divorce recovery." Read and share this piece with those with whom you think can benefit. It's concise and a value-add read. Kudos Kimberly Palmer 👏 https://lnkd.in/gABCXq6b #mindset #financialplanning #MasterMyMoney #divorce #DrDomSpeaks

Did you know? In 2021, around 19.3 million individuals in the U.S. over the age of 50 were divorced. When considering that the average age for a C-suite member is 56, it paints a telling picture. Divorce rates among C-suite employees appear to be on the rise. Often at the helm of organizations, these individuals are forced to navigate one of life's most stressful transitions while also steering the ship at work. This is a difficult balance to maintain without help. The divorce process is not only a personal challenge but can lead to disruptions in the workplace. From productivity loss to emotional challenges, the ripple effect is real. That's why offering benefits that simplify the divorce process for these key team members is more than just a nice-to-have... it's an essential strategy to maintain stability, productivity, and well-being within the organization. ----- Sources: - Statista: Number of divorced individuals aged 50 years or older in the United States from 2010 to 2021 - Korn Ferry: analysis of age and tenure of members of the C-suite (CEO, CFO, CIO/CTO, CMO, CHRO) at the 1,000 largest U.S. companies by revenue took place in late 2019.

If you failed at your job more than 50% of the time would you still have a job? Imagine a Surgeon who failed half the time. Or a pilot. Or a production line. Now look at the divorce statistics. More than half of our most commited relationships, marriages, end in divorce. Ok divorce isn't necessarily failure. But we bond together to have something that lasts. And at work, we have the same problems where relationships struggle. This creates divisions, power struggles and personality problems. When failure is this widespread it's not down to an individual, but to the model we operate from. Divorces started to skyrocket about 60 years ago. As the world became more equal, some men are struggling to adapt to the changes. Those struggles affect women in their relationships and interactions with men. Last week, I discussed with Clark Ray and Tony Walmsley how we as men saw the challenges of being a man today. This week, I discussed with an all-female panel. We discussed how women can support men through a changing world. So we can all get to a world where each thrive. On the panel were: Branka Pestar Hajšek Lisa Cunningham DeLauney Sarah G. Links to full conversation in comments or on my profile.

I was recently at a speaking engagement where the topic of 'PRENUP' came up. This is a very sensitive subject that many people feel hesitant to discuss. However, whether we like it or not, relationships do break down. So, is a prenup a sensible topic to include in the money discussion before saying 'I do'? I would love to hear your opinion on this. A prenup is simply an official legal agreement that two people make before they marry, in which they outline what will happen to their assets and income in the unfortunate event of divorce, separation, or death. Some believe that a prenup is a responsible step to take to avoid potential problems in the future. While hopefully, it won't be needed, by creating a prenup, they are demonstrating that they are considering the future for both parties, not just themselves. However, many are against this idea. A friend once told me: "Why would someone want to sign a legal document sealing their fate to get divorced? If you want a prenup, then you don't want marriage." The anti-prenup campaigners are of the opinion that relationships should be built on 100% trust and should embrace every aspect of life - mental, emotional, financial, moral, spiritual, economic, physical, and sexual. From their perspective, a prenup is based on a ‘yours’ and ‘mine’ mentality which doesn’t depict true love and trust. A lot of people assume that a prenuptial agreement is only done by rich individuals to protect their wealth from the ambitions of their new spouses. This assumption is not entirely correct; there is an increasing number of first marriages now considering prenups. They view this subject as future financial planning with their partner, as many spouses are much more financially independent before they get married. So, what are your thoughts on a prenup? What's your take on it? Do you think it's necessary? I look forward to reading your comments below. Have a great week! ©LiftedFinance #prenup #prenuptialagreement #relationshipandmoney #financialinfidelity #financialnakedness #marriage #relationships #personalfinance #money

Women divorcing millionaire narcissists have seen first hand what toxic money is. They’ve seen the man in their life want money and work for it but they’ve also seen them fight dirty to ‘win.’ Money, in their experience has been used to  manipulate, cheat and control. These women want to start a new life, away from this toxicity and greed.  They deeply long for a life that belongs to them, where they are free to live authentically. They want something totally different to what they’ve experienced in their marriage. And they deserve it. But this is part of the problem when it comes to money. As a financial planner specialising in these types of divorce, I help the women I work with, plan their new future and make sure they have the resources to live a Richer Life. It isn’t uncommon for these women to have a real negative view of money after seeing their ex use it in such a devious way. They are resistant to the idea of wanting money because they don’t want to be like them. This is where I come in. I aim to reconnect women with the concept of desire. Different to the energy of WANT, desiring money can come from a more feminine space. It isn’t about MORE for the sake of MORE, it isn’t about  winning, cheating, controlling or manipulating. It’s about desiring a beautiful authentic life. Just because these women are getting divorced from their ex, they don’t need to get a divorce from money. Agree?

A Quick Primer on Prenups https://ift.tt/NXkseIp Prenuptial agreements are popular with wealthy celebrities, but plenty of ordinary couples are taking steps to protect their assets in case their marriage ends in divorce. Some 20% of American couples have a prenup, and 50% of Americans said they support the use of prenups, according to a 2023 Harris Poll, up from 42% in 2022.  Julia Rodgers, a family law attorney who co-founded Hello Prenup, a website that helps users create a do-it-yourself prenuptial agreement, says a prenup is particularly important for couples who have children from a previous marriage. Baby boomers will leave an estimated $80 trillion in assets to their millennial and Generation Z children through 2045, according to Cerulli Associates, a research and consulting firm. “If you want to keep your wealth in the family and not lose it in a divorce, you should protect it with a prenup,” Rodgers says.  Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. To continue reading this article please register for free This is different from signing in to your print subscription Why am I seeing this? Find out more here Finance via Kiplinger Personal Finance https://ift.tt/9JTLOo8 May 28, 2024 at 08:33AM

After Divorce and Breakups, Here’s How Women Use Their Financial Power to Take Charge #divorce #finances