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Women's Issues That Scare Me: Single Moms and Financial Freedom (I did it and you can too!)

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I was raised by a single mother. Most of my friends also had single moms. My mom worked hard and also went to school. We didn't have a lot of money, or home cooking- we ate regularly at Taco Bell. I spent a lot of time at babysitters and day care. I always had to ride the bus or gets rides from the friend whose mom stayed at home (that was so novel to us). I played volleyball, basketball, softball, and also was a cheerleader. My mom was rarely able to come to games unless they were on Saturday morning. She wasn't there because she was busy providing, even though we lived pay check to pay check and never had financial security.

My mom did the best she knew how to do. Although I had no intention of getting a divorce and being a single mom myself, that's what happened. (Whole other women's issues that scare me story!)

I was determined for things to be different with my kids. I had been out of the work force for a few years, I knew I did not have the skill set I needed to provide well for my kids; I couldn't have jumped into any job and ramped up that quickly. I did not want them to be in daycare while I worked long hours if I could help it, so how could I do it?

If I hadn't read Rich Dad Poor Dad( my story here), and been learning about business, investing and money, as well as surrounding myself with like minded people, I would not have been able to provide for my kids and be there for them. I am so thankful everyday for the decisions that I made and the people I have chosen for friends. I became financially free this past September through a business investment with one, so I can still be a stay at home mom.

There are so many resources today for single mothers (parents, married, etc). The internet has leveled the playing field, so I can keep in the game, from home with my kids. I work with Kim Kiyosaki developing Rich Woman (from home) because I can and I want to, not because I have to. I am still pressing on in business and investing because it gives me the greatest return for my time and money as well the freedom, flexibility and control I want.

The key is in learning how to make your money work for you, instead of working harder to make more money. What kind of life do you want? Figure out how to make it happen. Plug into a group of people (or women like us here at No Limits Ladies) who will help guide you and support you, like I did (Kimber too!) at the Rich Dad Forums.

Ladies, it doesn't matter what mistakes you have made in the past- take control of your future now, for your sake and for your children. You can be financially free as a single mom.

"There are only two lasting bequests we can give our children... one is roots, the other wings."

"Let go of the past and go for the future. Go confidently in the direction of your dreams. Live the life you've imagined."

- Henry David Thoreau

Posted by E on October 27, 2006 12:55 AM |

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Comments (2)

Dianna Alexander:

I just want advice. I am 50 with one of three children still at home (12). I am single and work part-time and clean 2 or 3 houses for a tiny wage. I need help.

Dianna,

What type of advice are you looking for? Or rather... what is your number one problem?

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The previous post in this blog was Quote of the Day.

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