WHY FINANCIAL PLANNING IS IMPORTANT FOR WOMEN PHYSICIANS
Stress around personal finance contributes to physician burn out. AMWA has partnered with Jen Sapel of Utor Wealth to empower AMWA members in their personal financial journey. Here’s some information to start.
The good:
- 156% more charitable giving by women in the top 25% of permanent income
- 2% – larger growth percentage for women owned business
- 2% better portfolio performance
The bad:
- Women pay down student loans more slowly than men (due to wage gaps)
- 18% – gender wage gap among physicians
The ugly:
The time to take control of your financial situation is now and it is less complex than you may think. Money, like a scalpel, is a very effective tool. It can be dangerous in the wrong hands, but for those who are proficient and knowledgeable, it can do an immense amount of good.
Five Habits for Financial Confidence
You have invested significant time and energy in your training. Yet, too few women physicians approach financial decision-making with ease. The American Medical Women’s Association (AMWA) wants to offer interested members the tools to incorporate financial health into their daily routine. To that end, AMWA is partnering with Nav.it to bring confidence and a sense of control to your financial journey. Nav.It is an app that is designed to guide you in building knowledge and gaining tools to help you take charge of your financial fitness and to develop confidence in money management that lessens a key stressor.
On November 1, AMWA hosted a conversation with Jenifer Sapel, ChFC® WMCP®, CEO of Utor Wealth LLC and Erin Papworth,CEO and Founder of Nav.it, to learn about five common habits that would help women in medicine manage money better. Achieving financial health will, in turn, reduce stress and promote better wellness overall.
Listen to the podcast Un-Tabooed with Jen Sapel
Money seems to consistently be a top source of stress for Americans today, according to the American Psychological Association it is among the top 2 sources of stress for most generations. The taboo nature of the topic doesn’t help. Join this community to hear personal finance stories from everyday people on what works for them, what mistakes they’ve made, and what skills are still in progress. Our mission is for our audience to be able to confidently spend without worry and think it starts by just being able to have an honest conversation.
Jen Sapel, CEO of Utor Wealth
About Jenifer Sapel, CEO Utor Wealth
Watch Jen’s video: Why I work with with physicians.
Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 3585 MAPLE STREET SUITE 140, VENTURA, CA 003, ph# 909-399-1100. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is an indirect, wholly-owned subsidiary of Guardian. UTOR Wealth is not an affiliate or subsidiary of PAS or Guardian. 2019-82803 Exp 7/21
