Actually two women’s lives.
Last night a group of 30 inspiring women around Australia gave two micro loans. These 30 women came from all walks of life – a mum from a farm in north west NSW, an artist from Melbourne, a mining consultant from central Queensland…
Over the last 6 weeks this powerful group of women completed the 6 Step Challenge, 10thousandgirl’s new ‘Michelle Bridges’ style online personal finance program. And they blitzed it!!
They documented their life plans, tracked their spending, worked out their net worth, negotiated rates on home loans, high interest savers and utility bills. They reviewed their insurance, consolidated super. They discussed investment principles and the behaviour of cash, property and shares. They opened super letters for the first time and made calls to their super fund to change their investment mix to fit with their age and stage. In week 4 they documented their personal investing plans, asking themselves:
- What are my #1 financial goals?
- How much money do I need for each goal?
- When do I need it? What’s my timeframe?
- What investment options suit that goal and timeframe?
- What are my next steps?
And last night they wrapped up by mapping out their personal and professional support networks. They discussed the different professional support roles, how to find trusted advisors and learnt good questions to ask when approaching and engaging an adviser.
Then they wrapped up with an INSPIRATION FEST. Discussing what inspires them, who do they inspire? How do they stay inspired?
Well, wonderful women. You certainly inspired me. Thank you for your Ripple Effect. May it be felt across your life, among your family and friends lives, in your work and community life and as part of your program fee, you each donated $10 into a pool and were able to donate two micro loans, one to Merelita Marama and one to Linita Ponitini.
So thank you for your globally felt Ripple Effect…
Merelita Marama, Nasautoka Fiji
Loan Use: Sewing
Term: 26 Week
Some people are born with a natural talent. Merelita Marama (47) is one of them. She loves sewing for the people in her village and is a skilled seamstress. Merelita has built a steady client base among her friends, neighbours, office workers and church members. With her loan, she intends to buy more sewing equipment to help expand her business. Merelita is certain she will make greater profits, which will improve the lives of her four children.
Linita Ponitini, Tonga
Loan Use: Farm produce
Term: 52 Week
Linita Ponitini has three children under twelve. Her goal is to build a house for her family. She and her husband grow a range of crops, which Linita sells in the local market. But their profits are insufficient to cover both family and business expenses. So Linita is seeking a loan to buy seeds and seedlings to increase the farm’s production and yield.
Want to provide micro loans? Sign up http://www.goodreturn.org
Want to do the 10thousandgirl 6 Step Challenge? Sign up http://www.10thousandgirl.com
The fun bookclub-like GIG (Girl Investment Group) program supports you and girlfriends, workmates or new 10thousandgirl friends to complete the 10thousandgirl Personal Finance Program. The aim is to learn the principles behind personal finance and investing in an engaging, supportive and light-hearted environment.
GIGs are all about learning the life and finance skills we need to know but often didn’t learn at home or at school. Supported by interactive webinars, videos and beautiful workbook materials, 10thousandgirl supplies the Personal Finance Program with an agenda and learning materials for each meeting, and you let your group know what time and who’s bringing tea, treats or wine.
Financially empower yourself while 10% of your program fees go toward providing a microloan for a woman to start a new business and lift herself and her family out of poverty. Pretty inspiring!
Want to find out more?
Here’s an overview of GIGs (Girl Investment Groups) and the NEW 10thousandgirl Personal Finance Program.
Interested and want to find other like-minds in your area? Register your interest.
Already decided this is for you? Here’s the Steps to Getting Your GIG Started.
Currently a financial services professional looking for opportunities to financially empower women in your local area? Interested in a Mentor opportunity? Read on…
Happy New Year!
For some that sentence oozes expectation, for others it evokes a sense of anticipation and excitement.
Its mid-late Jan. Who do you resemble?
A) Ah I’ve set goals before, they haven’t worked, this year I didn’t bother
B) I set goals this year but I’m battling already
C) I’m kicking goals big time
D) My opinion on goalsetting is… we’d love to hear from you, please share!
Of course, at 10thousandgirl we’re firm believers in goal setting. After all, if you don’t know what you’re looking for there’s not even a chance you’ll find it!
To help we’ve put together an easy-to-follow goal setting and financial refresher EBOOK.
Feel free to download as many times as you like and share with your friends, family and work colleagues.
This article was published in the Department of Primary Industry’s Rural Women’s Network Spring 2011 Newsletter
Increasingly, young women are acting on their desire to live their dreams whilst learning skills to be financially astute. The 10thousandgirl campaign helps young women gain confidence, clarify their plans and learn the basic financial principles to support their goals.
With the fast growing independence of young women, over the next three years the 10thousandgirl campaign aims to support 10,000 young country-based women to live their dreams whilst being financially astute. As part of programs being run in 100 communities across Australia, a special sponsored workshop series was run in Scone and Merriwa over April 2011 in conjunction with Albury based style and image consultant Sandra Martin. The workshops were organised by Caroline Long and supported by the Department of Primary Industries. Here’s what two of our workshop participants had to say …
Allissa, aged 28
Why did you attend?
I attended the workshop because I had been afraid of looking at how to manage my money for a long time. I believed that money controlled my life, that I would never understand how to manage money and therefore made poor life choices because I felt defeated around finances. I was tired of living scared, so it was time to get some education and learn some tools to make money flow for me, not let money hinder my life flow.
What did you hope to get from the day?
Tools for my tool box!
What did you learn/how did you benefit?
My money matters were de-mystified, the clouds began to clear and I began to see my dollars a little clearer.
What actions have you taken since the workshop?
I am currently charting my spending and am in observation mode as my needs change.
What are your ‘words of wisdom’ for other girls looking to get their plans and personal finances on track?
Just go for it! Start somewhere, get brave, find a financial advisor or a 10,000 girl! and ask just one question important to you around money, the answers will come and then they will just keep coming and before you know it you’ll be feeling more and more confident and be having loads more fun with your finances.
What are your next steps?
I would like to look at getting a 10thousandgirl GIG (Girl Investment Group) together in the Newcastle area. I am really interested in getting some of this amazing information and education out to women who are or have been in situations of domestic violence. A big question on my mind right now is how to get the same learning and confidence around finance to women before they get to their ‘final straw’ in abusive relationships.
Phoebe, aged 26
Why did you attend?
Although I am a fairly good saver, anything that involves maths/numbers is not my favourite thing so I procrastinate over these things and annoy myself that I’m not doing more to take charge of what I spend.
What did you hope to get from the day?
I wanted to find ways to make financial stuff not so daunting. I also wanted to learn about what financial advisors do and whether I should visit one.
What did you learn/how did you benefit?
I learnt the difference between accountants and financial advisors. I got some tips on how to manage my money. I got inspired by what other women are doing to take control of their finances.
What actions have you have taken since the workshop?
I got together all the information on my super accounts so that at the beginning of the new financial year I can consolidate them into the best performing fund. I have outlined payment schedules for all outstanding debts and worked out when they will be paid off. I have spent my savings on a trip to Africa!
What are your ‘words of wisdom’ for other girls looking to get their plans and personal finances on track?
Get your finances under control because you’ll be amazed at the great things you can do with all the money you save! Plus it’s the small purchases that really eat up your money, by putting together a budget you realise just how much you spend on the small impulse purchases like an extra drink, ice-cream, chocolate. I’m not saying you have to stop purchasing these, we still need treats but when you realise you’re spending a hundred dollars or more a month on these you might not be so peckish!
What are your next steps?
I’m off to use my savings to explore the world – Africa!
The aim of the 10thousandgirl Campaign is to ensure every young woman 15-40 years:
– Has a plan for her life (dreams and goals that are written down)
– Has minimum 3–6 months wages in accessible savings
– Has relevant insurance in place
– Is learning to plan, save and invest for a self-funded retirement
– Is doing what she loves each day
– Is contributing to our world’s broader economic prosperity and wellbeing
10thousandgirl creates economic improvement for women through providing light hearted and engaging educational resources and programs in safe accessible environments, including; a 12-month Personal Finance Program delivered via bookclub like GIGs (Girl Investment Groups), one-day Life Planning Workshops, one-hour School Talks, Workplace and Community Presentations and an online resource hub.
Our goal is to raise $1 million to support women in developing countries to launch their own business … this is the ripple effect.
With every two Australian girls who go through the 12 month ‘GIG’ program, a micro loan is provided to a woman in a developing country to start or support a business and lift herself out of extreme poverty. This element of the program is to raise awareness around the fact we live in a global economy, and show that as individuals, when we step up, we increase our capacity to assist others. It’s a ripple effect!
10thousandgirl is supported by the Australian Government’s Office for Women and Economic Security4 Women, providing bursaries for women living in marginalised positions in Australia to take part in the programs. See our website for information on how to apply: www.10thousandgirl.com/apply-for-a-bursary
As part of the tour around 100 regional centres across Australia, the campaign is looking for financial planners, accountants, mortgage brokers, property professionals and interested womens and community groups to assist in running programs in the following areas: Canberra, Bathurst, Orange, Young, Dubbo, Tamworth, Armidale, Singleton, Newcastle, Alice Springs, Barkly Tablelands, Wagga Wagga, Albury, Wodonga, Ballarat, Bendigo, Geelong and Melbourne.
To participate in or assist with an upcoming event in your area, visit the website: www.10thousandgirl.com or contact Zoe Lamont at firstname.lastname@example.org or
on 0419 622 968.
So what exactly is microfinance? 10thousandgirl’s microfinance partner, Opportunity International help us go back to basics and explain the concept before Jhunu and Minati share their story.
What is microfinance?
Microfinance includes basic financial services – including small loans, savings accounts, fund transfers and insurance. Alongside non-financial services such as business training, microfinance assists people living in poverty who wouldn’t usually qualify for regular banking services because they have no form of collateral or formal identification.
Loans as small as $100 help people in poverty start or grow their own small business. This enables them to earn an income so they can afford food, clean water, proper shelter and an education for their children.
Through local partners in the countries where we work, Opportunity is a provider of socially focused microfinance – existing to help people out of poverty above all else.
How does it work?
By helping a mother buy a sewing machine to start a tailoring business or a father buy seeds to plant a vegetable garden, small loans enable people in poverty to earn an income and provide for their families. As each business grows, loans are paid back and lent out again. With 97% of loans repaid, the cycle continues, year after year. Each successful business feeds a family, employs more people and eventually helps empower a whole community.
Are you part of a GIG (Girl Investment Group)? Take charge of your own finances and in the process provide microloans to help women around the world lift themselves out of extreme poverty. Read more to join the campaign and create your ripple effect. More stories here.
Click Play above to listen or here to download!
This is our first episode in our new podcast series where we will be discussing topics and issues relevant to us and featuring people around a range of themes to give us, the 10thousandgirl community, insight, inspiration and information to expand our learnings and the Ripple Effect.
10thousandgirl Workshops & Events
A reminder that our next series of workshops are starting in July with three new tours! We’ll be heading around central/north east NSW, then up to Alice Springs and around the Barkly Tablelands in the NT, then back down around southern NSW and through central Victoria to end up in Melbourne just before Christmas. Fancy joining us? Come to a workshop or join us on the road as a volunteer.
In the coming month…
Canberra – 30th July
Orange/Bathurst – 13/14th August 2011
Young – 20th August 2011
Dubbo – 21st August 2011
Tamworth/Armidale – 27/28th August
To find what other towns we’re visiting and to get your tickets head here.
Remember, if we’re not in your town this year, you can start a GIG (Girl Investment Group) at any time.
Featured 10thousandgirl Guest: Zoe Lamont
Zoe is the instigator of the 10thousandgirl Campaign and has produced the Life Planning Workshop with contributions from experts from all areas of life coaching and business planning. Zoe is a certified business coach formerly with ActionCOACH, a Practitioner in NLP (neuro linguistic programming) and an Avatar Master for spiritual development. She has a degree in public relations and organisational communication and has recently graduated from the School for Social Entrepreneurs (SSE) Australia. Zoe runs a creative agency for social business design, The Fuelthinking Group, which creates and develops projects such as an education program for children in Burma and the continual evolvement of the world’s first online political party Senator Online . She writes a blog exploring ways toward the fairer distribution of wealth, knowledge and power “A Natural Order”. She grew up on a farm near Wagga Wagga and now lives between Canberra and Sydney.
Thank you and we look forward to bringing you another magical podcast episode next month!
UNLIKE their Generation Y predecessors, today’s Aussie teenagers appear to be a thrifty lot with a sensible grasp of the power of money.
This could have something to do with growing up amid the global financial crisis, which began in late 2007 and is still affecting financial markets and households today.
But they are not all as money-wise as they could be, having also grown up in a credit-happy world that has given them a strong appetite for debt.
One of the biggest financial concerns for young Australians is ensuring they get to adulthood without a bad credit rating, Veda Advantage spokesman Chris Gration says.
The latest survey by Veda found that 18 to 19-year-olds are less likely to pay off credit cards in full than the general population.
They are also more likely to miss a credit card or mobile phone payment.
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“One of the key things they need to have is an understanding of their credit file, but only 12 per cent have either a partial or full understanding of what a credit file is,” Gration says.
“When you combine that with their missing payments, they don’t realise that these end up as defaults on their credit file which can last well into the future.
“Many don’t understand the consequences of not paying their bills, which means a good proportion are setting themselves up for problems.”
A groundbreaking survey by research organisation Habbo in 2009 found that Aussie teenagers were among some of the most knowledgeable at managing their money.
Habbo regional director Jeff Brookes says the typical 12 to 18-year-old had strong convictions about paying bills on time and did not like owing money to anyone – including their parents.
The survey found that about 54 per cent of teenagers used their bank accounts for saving money, not just for spending. Of those, 35 per cent were saving for a tech gadget, 32 per cent for a car, and 21 per cent for clothes and education.
Teenage sisters Hannah and Elizabeth appear to be examples of the growing financial knowledge of young people. Both have just completed a financial workshop designed for young women to help boost their understanding about money and personal finances.But the girls already had a good grounding from their parents, who for the past two years have included them in discussions about household budgeting and family finances.
Mum Tania Sanders has also been increasing her own knowledge about wealth creation and she has passed this on to the children, including through a board game called Cash Flow that the family plays.
“There are a lot of assumptions made about our society,” Sanders says. “Sometimes it seems a bit of a rat race.”Our financial system seems to be set up so the majority of people have it ingrained in them that they have to get a job, pay off a house over 40 years and that’s it. There’s not a lot of literacy about becoming independently wealthy.”
After attending the 10thousandgirl workshops, both sisters, who are still at high school, want to get part-time jobs.
“The workshop was really inspiring,” says Hannah, 15. “It makes you really understand how money works.
Publication: The Daily Telegraph
Published: Monday, 13 June 2011
Journalist: Karina Barrymore
What to do when you don’t know what to do. Stuck in a life rut? Climb out in just five steps.
Ever asked yourself ‘what am I doing with my life?’ Ever heard that voice saying ‘I don’t know what to do with my life…’ Good news is most of us have – and there’s a way out of it. Lizza Gebilagin from Cleo breaks down the big question of what to do when you don’t know what to do with Zoe Lamont from 10thousandgirl sharing her experience of feeling lost and what she did to turn things around.
Zoe’s advice? “Your mind can see opportunities if you let it…” Easier said than done? Here are Cleo’s five steps.
STEP 1: Acknowledge the issue
STEP 2: Change your focus
STEP 3: Find your motivation
STEP 4: Do what you love
STEP 5: Trust that it’ll all work out
Publication: Cleo Magazine
Published: June 2011
Journalist: Lizza Gebilagin
BEHIND THE DESK: Investing time, skills and resources in the energy of young Australian women has created a new and efficient model for high impact, long-lasting community owned social and economic progression, as entrepreneur Zoe Lamont has shown.
Bernard Kellerman shares the ins and outs of the 10thousandgirl campaign, speaks to 10thousandgirl Jessica Blake about her experience of the program to date and encourages industry support of the movement.
Publication: Australian Banking + Finance
Published: Vol 03, No 03, April 2011
Journalist: Bernard Kellerman
Link to full story
Each time we have a success, whether it be letting our mind be opened, taking action on something we’ve been putting off, starting a business or deciding to help someone else – when we share it, our success turns into inspiration for many others. This is what we call the ripple effect. Below are some inspiring emails received recently from powerful women who have attended 10thousandgirl Life Planning Workshops.
If you would like to share your story, ask a question or help them with their incredible dreams and plans in any way, please contact us and we’ll make it happen. Thank you to everyone who has shared their learnings, tips, challenges and successes along the way. Sharing makes the world go round, keep sharing and well done!
SUN 27th MARCH 2011
I come from a very low income family and its hard to see my dad still renting and not being able to afford a car at the age of 65.
I now feel like the world of personal finance is an exciting area for me to learn more about. That figuring out how to create the lifestyle I want and the finances to match it is a creative process.
I feel really empowered by yesterday.
TUES 19th APRIL 2011
The research group just sounds amazing. What I would like to do is look at getting a group together from June when I move to Newcastle. I am really interested in getting some of this amazing information and education out to women who are or have been in situations of Domestic Violence. I myself am in recent recovery from an abusive relationship where one of my barriers to getting out was a lack of confidence in managing my finances. I am really grateful and inspired by the opportunity I have had to attend a 10thousandgirl workshop. The timing was amazing for me as it has given me alot of encouragement and support that I was needing to move forward into a new life with confidence. A big question on my mind right now is how to get the same learning and confidence around finance to women before they get to their ‘final straw’ in abuse relationships?? It seems like a hard one because these sorts of situations leave women very isolated. At the very least, I believe maybe it could be possible to get a group of women together maybe, that have experienced Domestic Violence situations and through learning in the research group find out where we can reach out to further lift women up….
I wanted to share a little about where my thoughts are at around 10thhousand girl because I really believe in what you gals are doing and it is spurring on many ideas and inspirations for myself. I hope that I can be successful in forming a GIG in the next few months, I would be overjoyed if thats how it rolls. I will keep you updated and please if you have have any feedback on my thoughts I’d love to hear what you think!
:) All the best!
TUES 19th APRIL 2011
Hey hey Arienne and Zoe, thought I’d let you know what I’ve been up to since the 10000girl weekend I had.
Anyway, I just wanted to share. The most intense stuff is still ahead ! ie the INSPIRE goals!!
THURS 28th APRIL 2011
I attended one of your fantastic life planning workshops in June (Canberra) last year and I just wanted to touch base to once again say thank you, and to show you what that day has done for me.
Being able to set a life plan/goals for myself, and along with the realisation that the nice things that I want in my life are not just going to happen, they will require planning, totally forced me to look at what I wanted and how I was going to get there. So for the last year, I took all that on board and started to make things happen, and to appreciate that all the small things (and the hard things) were part of living a journey. And it made such a difference to my life and outlook in general having that realisation, as opposed to waiting for things to happen. And complaining when they didn’t!
So nearly a year on from that day, and this week I launched my own little venture – www.ohmabel.com.au. An online store selling my 100% organic bed linen.
So thank you SO much once again. I truly believe that without that great day last year and without your guidance and tools that I wouldn’t be where I am.
Good luck for all the future achievements of 10 Thousand Girls and I’m sure that there are many many aspired girls out there you and your team have helped.
Again, thank you girls. By sharing your gratitude, dreams and inspiration, you inspire many. If these girls have inspired you, please share your story.
Vive the Ripple Effect.
International Women’s Day events between friends’ weddings and birthdays, radio interviews and a visit to Channel 10, heading to Wagga Wagga for a workshop, talk giving, programs starting, Sydney workshops, moving furniture, attending seminars and fixing cars. Then there is the myriad of other interesting, fun and important things the Steering Committee, Board, Supporters, Team and Partners are doing in their professional and personal lives! March has flown by in a fluttering heartbeat.
In this whirlwind of activity and hopping from one thing to the next, how do we appreciate what we have done, reflect on insights we have had and capture learnings so we know more and can do better next time?
One of my favourite ways is by talking with others. This theme keeps springing up all over the place, so I thought it would be a good time to bring some focus to it! Some of the most consistent feedback 10thousandgirl gets from its workshops are comments from young women saying:
- that they now realise they are not alone in their situation;
- that they got so much value from hearing about the experiences of others in the room; and
- by sharing with others what they had accomplished so far they’d received a new appreciation for what they had achieved to date.
It is by speaking with others, listening and sharing stories and experiences that we can recount what otherwise may seem a whirlwind; discover tips, tools and techniques to move forward in certain areas; firm up ideas by receiving other people’s perspectives; and bask in some inspiration and motivation.
Just in the past week I have heard bout the benefits of the iPad vs Kindle for reading, learned about a software that is going save me sooooooo much time in the office, found out where to get the best ricotta cake in Sydney, which red lipstick is favoured by a friend and why and picked up some efficient tips on running events.
So if you want to learn and share experiences professionally – join an industry networking or mastermind group.
If you want to learn and share experiences around a hobby – join a club, class or association.
If you want to learn and share experiences around your plans for the future and brainstorm around how to best manage your money, attend a 10thousandgirl workshop, start a GIG or spark up a conversation online via www.facebook.com/10thousandgirl.
This month, focus on starting conversations with colleagues, friends, family, people in online forums, commuters on the bus and the person next to you at the coffee shop. You’ll be pleasantly surprised by how useful a little piece of information or new insight may be. And if a chat with a stranger doesn’t go so well …well you’ll have some material for a funny story to share later!
Here is to sharing!
Daydreams by themselves are lovely and wonderful but they can be just that, daydreams – figments of our imagination that often become nothing more than fleeting fancies. There is no clear action or momentum behind them to turn them into a reality.
On the other hand ‘Daredreams’, a term coined by 10thousandgirl muskateer Jo Balfour, are dreams turned into goals via action. These are visions that individuals are creating that will transpire at some chosen point in the future. Being a Daredreamer means dreaming big, crafting ‘INSPIRE’ goals, creating action plans and carrying them out step by step.
‘INSPIRE’ goals are those that are:
I.nteresting Do they inspire me? Take my interest?
N.ew Are they new? Something I haven’t done before?
S.pecific Do they specify when to start/stop/celebrate?
P.roductive Will they get me somewhere?
I. can do it On a scale of 1-10, can I do it?
R.ewarding Will others benefit?
E.xpansive Will they challenge me? Take me to a new place?
At our recent International Women’s Day event, 10thousandgirl announced that 2011 is your year, the Year of the Daredreamer. It’s your year to dare to dream the life you really want to live; and make it happen.
Daredreamer postcards were handed out to the attendees to fill in their personal Daredream. 10thousandgirl then collected them to send back via that almost forgotten medium, the postal service.
Some wonderful responses received from the line:
“2011 was the year my most daring dreams came to life. As I look back, some of the highlights were…” included:
“I stopped living paycheck to paycheck and have $5000 saved.”
“I got married! Together with my new husband we bought our second property.”
“This year I have taken control of my personal finances and was proactive in charting strategic career goals for myself over the next 3 years.”
“Earning $500/month in first 6 months of starting my own business.”
“I set my goal to holiday in NYC for a white christmas by Dec 2012 with my new adorable partner.”
“I bought my first property and built a strong friendship group whilst maintaining health and fitness.”
”I reached my goal to have helped 200 people transform their lives by Dec 2011.”
So Daredreamer extraordinaire…what are you Daredreaming for your 2011?