Women and Money: A Narrative

By Christine Merser Monday November 09, 2009
This post is about money psychology


Christine Merser blogs at FreesiaLane.com
We Can Do It

Do I really need to have this conversation with all women?

I left for LA and a female co-worker offered to watch my fabulous dog Luke.

“Oh, no need to pay me," my co-worker said. "I am happy to move out of my house, move into your house and take care of your dog for three weeks until you get back--for no money. By the way, I could wash your windows while you’re gone if you want? Or perhaps pack up everything you need to take with you on the move? No worries, happy to do it.”
Ok, it wasn’t quite that bad, but almost.

So, I yelled at her, of course, and gave her a check for what I would have paid a professional dog sitter, and shook my head at the absurdity of it all.

Then I negotiated my new apartment here in LA.
“What’s the price?”

“It’s X.”

“Ok, I’ll take it.”
»Then there was the fabulous negotiation for my car.
“I’m told I should negotiate. Is this the best you can do? ... Oh, it is the best you can do? No problem, thanks so much, I’ll take it, but could you give me a full tank of gas?”

I’m pathetic, and while I have a few girlfriends (rich ones) who are amazing at negotiating, I can tell you that most women are not.

I rented a house in the Hamptons for the last three years. When I saw the house, it belonged to a young woman whose father was a business friend of mine. She was asking way less than market value, so I said,

“This isn’t enough. I’ll pay you $500 more per month than you are asking because that’s what’s fair.”

“No, that’s ok,” she said. “Your fee will cover the mortgage.”

“No, no, really,” I countered.

We settled on $250 more. Who says I can’t negotiate?

Even in business, I am terrible. The president of a company I work with actually said, “Never negotiate on behalf of my company again.” He was not joking.

“Alrighty then,” I replied. “But I have other qualities, right?”

God forbid I just let it go without looking for some validation of something.

Look at Annie Leibowitz, the most renowned photographer of my generation; She's bankrupt and needing to sell her work to pay bills because she just didn’t get the money thing. She’s not alone, and I hate that it appears to me to be a gender thing. Ok, you can add Michael Jackson in, but let’s face it, he was more girl than boy anyway.

They should teach a class in it. Teaching Women to Value Their Time and Talent with Compensation. It could be taught by Anna Wintour. I bet she’s a good negotiator.

Here is the course description:

Find out why women suck at negotiating. Look into the deeper meaning of demanding financial compensation commensurate with work expertise and why women tend to reject validation through the almighty dollar. Help yourself find your way.
I would take the class in a heartbeat. And, I would pay full price for it, or better yet, I’ll pay extra.

 

Comments (14)add
Written by Claire Bean, November 09, 2009
I am a hug fan of Christine Merser's Freesia Lane, So fabulous that you are featuring one of her pieces. Always insigntful and
thought provoking. Hope to see read more of her writings on Daily Worth. Many thanks,
CB
Written by Carol Rea, November 09, 2009
I look forward to each blog entry of Freesia Lane. Love her topics and her writing style is second to none. She manages to cover a variety of topics with intelligence, insight and an approach that's both thought provoking and entertaining. Hope to see more of her on your site.
Written by Jill Gordon, November 09, 2009
The highlight of my day is reading Chris Merser's daily commentary at Freesia Lane. She is always insightful, usually hilarious and often-times right (and when she's not right - maybe one out of ten blogs - it's fun to argue the point). Thanks, Daily Worth, for featuring her today!!
Written by Melodee Patterson, November 09, 2009
I loved the part about the dog sitting - I actually did that. Well, it was a cat, but everything else was the same. :-)

I need a Teaching Women to Value Their Time and Talent with Compensation class.
Written by Amanda (DW Founder), November 09, 2009
Melodee, I'm toying with Webinars on DailyWorth. How much would you pay for a 90 minute class on the subject? Consider this question my market research. Anyone else, feel free to chime in. Thanks!
Written by Melanie Goodwin, November 09, 2009
I think a lot of people like webinars.. but I hate paying tens (or especially hundreds) of dollars for something I could learn for free from a book in the library. It would have to be a unique subject with a LOT of practical advice and decent discussions thrown in.
Written by Stacey , November 09, 2009
This post couldn't have come at a better time for me! And Amanda, for a webinar, I'd pay $125 for the 90 mins. $250 in person.
Written by Laura, November 09, 2009
The dog sitting story reminds me of my sister! A Webinar sounds great, I need one on this subject.
Written by Debbie Slutzky, November 10, 2009
I love reading Christine Merser's blog. I'm amazed at how she finds the time to do and read everything she does. There's no excuse for not taking care of our finances (not even kids, dogs, carpooling, work, homework, groceries, PTO, Girl Scouts....)I would welcome a webinar that would fit my schedule, educate me and motivate me to manage my finances.
Written by Mikelann Valterra, November 10, 2009
Oh wow! I actually HAVE taught that class! As a money coach, I see women undervaluing themselves-- and "underearning" all the time. So much of it is because we focus on protecting our relationships at the expense of taking care of ourselves. But who will take care of the woman we will be in twenty years? Focus on her for a change. What a great post.
Written by samsstuff, November 10, 2009
Great post, funny & it makes a valid point! Where can I find this class? I so need it! Thanks for sharing this with us.
Written by banannea, November 15, 2009
I loved the part about the dog.Point made the women undervalue themselves and do not negotiate positively.Thanks for the article!!!
Written by Kenia, February 04, 2010
I read in a book called "100 Secrets of Successful People": "Lower self-worth translates into 37% less willingness to negotiate and use of 11% fewer negotiation strategies.Increased self-worth correlates with greater willingness to incur the risks of prolonged negotiation and greater adaptability. In short, the less confidence you have in yourself, the faster you will give up trying to get what you want."

So...definitely some food for though. Could it be that women don't necessarily need negotiating courses (although that would be extremely useful!), but rather we need to address the possible root cause of low confidence and low self-worth?

Ladies!!! We need to feel better about ourselves and know how extremely valuable we are!! We are way too giving, and undervalue ourselves too much!
Written by GOMEZAisha, July 08, 2010
I guess that to get the loans from banks you must present a firm reason. Nevertheless, once I have got a small business loan, just because I wanted to buy a car.
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