“Can’t buy me love, love
Can’t buy me love
I’ll buy you a diamond ring my friend if it makes you feel alright
I’ll get you anything my friend if it makes you feel all right
‘Cause I don’t care too much for money, money can’t buy me love
I’ll give you all I got to give if you say you love me too
I may not have a lot to give but what I got I’ll give to you
I don’t care too much for money, money can’t buy me love
Can’t buy me love, everybody tells me so
Can’t buy me love, no no no, no
Say you don’t need no diamond ring and I’ll be satisfied
Tell me that you want the kind of thing that money just can’t buy
I don’t care too much for money, money can’t buy me love”
Every day, we hear on the news or TV quips about what the “market” is doing. The market is up 135 points, down 245 points, the Dow Jones Industrial Average was this, and the NASDAQ was that. Most people understand that these numbers relate positively and negatively to the value of their stock investments, few people understand what these benchmarks actually represent. The Dow Jones Industrial Average (the “Dow”) The Dow Jones Industrial Average, also referred to as the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is one of several stock market indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.  It is the second oldest U.S. market index after the Dow Jones Transportation Average, which Dow also created.
As Furnham and Argyle write in the Psychology of Money “ In most cultures women have had much less opportunity than men to handle significant sums of money. Pocket money and allowances are negotiated with the fathers by the boys, though girls may be encouraged to charm their fathers into opening their wallets. Hence some girls come believe that financial wheeling and dealing is a masculine activity and shun all money matters for fear that it renders them less feminine. On the other hand, if boys equate money with masculinity they feel very inadequate in the company of others with money, overspend that which they have a means of making a statement about their “male assets”.
People, and women in particular, almost always face vulnerable financial times at some point in their lives. Often, this is caused by negative major life events such divorce, widowhood, job loss or extreme economic downturn.
One of the biggest issues in marriages today is money. Couples fight about not having enough, spending too much, being too focused on work, not focused enough on work, etc. Every individual has their own “comfort level” of money they need in the bank to feel safe. We all have our own “risk tolerance” that we are able to stomach with our investments.