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October 2009 Volume 10

In This Issue
Socially Responsible Money
What Would Mahatma Gandhi Invest In?
UPCOMING EVENTS
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Greetings!
Have you wondered whether it's possible to be financially successful without compromising what you believe in? 

We think it is, but it isn't always easy. It takes a greater commitment to being clear about what's important to you, what your values are and being more informed about the choices you make. 

We are trying to live our lives and create our business this way and know the obstacles that women face when trying to live in alignment with their highest values. 

We will be exploring these topics and more at our newest event:  Socially Responsible Money - How to Make, Manage and Invest Your Money to Create a Better World.

There are still a few more spots left in our Free Build Your Own Preview Teleclass this Thursday Oct 22nd from 6:30-8:30pm.

We have lots of other great events this fall and hope you can join us. 

Check out our Upcoming Events and our new pictures by photographer Tammy Maltese - www.tammymaltese.com.

Socially Responsible Money by Sheila Walkington
Since we founded the Women's Financial Learning Centre four years ago, Karin and I find oursevles asking the same question over and over again -
Karin and Sheila - Why?
Why is it so hard to encourage women to take charge of their finances? 
 
We've heard all the usual reasons - lack of time, lack of interest, lack of money, fear, guilt, prince charming syndrome but it really gave us pause to think when a recent workshop participant said that she avoided dealing with money because she didn't like the context that money plays itself out in.  She didn't want to engage in a world of corruption, greed, materialism, so she simply withdrew and ignored thinking about, talking about and dealing with her finances.  Needless to say the "dig your head in the sand" approach didn't work very well for her and she ended up in financial trouble.
 
But she did say something very important that we know many women are feeling - a sense that something is wrong in the financial and economic world, but feeling powerless to do anything about it. 
 
After all - where would we even start?  Everyday there's yet another story of how companies or advisors have abused our trust, how governments are bailing out irresponsible corporate behavior, how we're sacrificing our environment for the sake of economic growth and development, how children live in poverty around the world while others spend millions on rocket ship rides to outer space for fun. 
 
Clearly there is something wrong with the way that we distribute and allocate economic resources in our world - so no wonder we aren't keen to get involved and perpetuate the problem.  Not to mention how busy we all are. 

How can we take on one more thing?

The short answer - we need to.  We need to for our sake, for our family's sake and for the sake of our communities.  Many world leaders and thinkers including the Dalai Lama and Stephen Lewis are saying that it's up to women to change the world. No pressure though!

It's up to Women to Change the World
And we can - one woman at a time, taking one small step at a time.  By 2019, women will control over 70% of the wealth in North America and in a world where money talks, we'll be able to speak loudly!
 
All it will take is for each of us to become a little more conscious, educated and engaged in how we make, manage and invest our money to make a significant difference in how money is handled in our world. 
 
The first step is to understand the world of money as it exists now and then to make choices that will help perpetuate change  - one smart choice at a time. 
 
Let's start talking about money and the changes we'd like to see.  Join us on Thursday November 19th for an evening of discussion and idea sharing on the topic Socially Responsible Money - How to Make, Manage and Invest Your Money to Create a Better World


How about our troubled workshop participant?  She now has her finances in order, a career path that is consistent with her values, and a desire to earn lots of money - on her own terms. 
    
What Would Mahatma Gandhi Invest In? by Karin Mizgala

Tree Hugger - Karin
If the great Mahatma was around today, I wonder if he would be scouring the TSX or the Indian Stock Exchange to check on his portfolio of socially responsible investments (SRIs)? Well, ok, I admit that the idea of Gandhi, or Mother Teresa, dabbling in the rough and tumble stock market seems just a little farfetched - if not a tad unseemly. But, nevertheless, there is worldwide movement afoot dedicated to ethical investing -- where principles are as important as profits.

While SRI funds are themselves a relatively new investment phenomena, the idea and moral force behind them certainly is not. As far back as the 1750s abolitionists, such as the Quakers, put pressure on companies and individual investors to try and halt the slave trade. In the 1950s and 60s other groups, such as trade unions and Vietnam War protestors, tried to advance their social and political agendas by influencing where people spent and invested their money.

Socially responsible investing is big business now, with some researchers forecasting the SRI market in the US alone to reach $3 trillion by 2011. And the Americans are not alone in their appetite for this type of investment. In Europe, the SRI market reportedly grew from an estimated €1 trillion in 2005 to €1.6 trillion in 2007.

And Canada is following suit. Almost 20% of investments in this country now fall under the SRI umbrella - totaling some $609 billion in 2008.  In a sign that SRIs are here to stay, loyal Canadian investors are sticking with this class of investments despite the recession and recent market woes. In fact, according to some financial experts, the value of SRI assets in Canada has actually grown by 21 per cent over the past two years.

How to get a Good Return?
The big question for investors, however is how to get a good ROI, or return on investment, while still doing the right thing with their money. The answer comes down to five simple considerations:

1)    Recognize and acknowledge that your individual investing decisions have far-reaching consequences not only for yourself but for society as a whole;

2)    Ask yourself what industries or sectors you want to support (alternative energy companies, organic food producers) -- or not support (alcohol, tobacco, gambling, weapons manufacturers);

3)    Educate yourself about the specific companies and investment funds that support your social objectives and ideals;

4)    Find a supportive investment advisor - one who will not only help you select companies or funds that meet your SRI guidelines - but that also fit in with your overall investment strategies and financial plan;

5)    As always, check on the track record of the investments you are considering - and make sure you will be getting value for the fees being charged.

Here are some resources you may want to check out:  the SRI Monitor, Social Investment Organization, Jantzi Research.

There's certainly debate on the concept of SRIs and whether they are really a sound investment or just a marketing ploy.  SRIs may not be perfect, but they are an important reminder that all of our financial decisions have an impact on the world around us - one investment at a time.

Upcoming WFLC Workshops and Events
 
High Five - 2 business women
Build Your Own Financial Plan - do a Weekend Intensive on Nov 21st & 22nd in Vancouver. If you're tired of worrying about your finances and ready to take control, this program is for you.

Build Your Own Financial Plan FREE-Preview Teleclass- Dial in to this free-preview teleclass to learn how to make smart financial decisions and to see if the Build Your Own Financial Plan program is for you. Register for the next class and we'll also send you the audio recording from our last preview teleclass!  Thurs. Oct 22nd

Socially Responsible Money - Join us for an evening of dialogue and idea sharing on how to activate the opportunity you have to make a difference - with every dollar you make, spend and invest. Thurs. Nov 19th from 7:00-9:00 pm PST.
 
Sheila's Debt-Free Challenge - Why spend one more day wondering when you will ever get out of debt? Learn to manage your spending and create a plan to get out and stay out of debt! Classes in Vancouver start Mon. Nov 2nd.  Not sure if the Debt-Free Challenge classes are for you?  Sign up for our Debt-Free Challenge FREE-Preview Teleclass on Tues. Feb 9th from 7:00-8:00 pm PST.  Register for the next class and we'll also send you the audio recording from our last preview teleclass!

The Madness of Money: Reclaiming Control of Your Money and Your Life during Turbulent Times
- It seems that we are experiencing a collective madness all around us - in the global financial markets and in our personal lives. Learn how to make the best decisions with your money and find out how you can turn the insanity into opportunity.  Wed. Feb 3rd 2010 in Vancouver

Wealth University in A Day - Providing women with the wisdom and tools for financial empowerment. Sun. Nov 8th from 9:30-4:00pm.  To register call 604 257-5151.  For more information contact Lisa Ross 604 637-3307.
Feel free to call us if we can help in any way or if you would like to discuss which one of our programs would best suit your needs.  We'd love to hear from you!

Sincerely,
 
Karin and Sheila
karinandsheila@womensfinanciallearning.ca

Karin Mizgala 604-880-4143
Sheila Walkington 604-716-5375
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Sign up with a friend for either Sheila's Debt-Free Challenge, or the Build Your Own Financial Plan Weekend Intensive program and you both save $25!

 
Offer Expires: Nov 20th, 2009