Ladies, Your Grey Matters: 2 Reasons to Utilize It to the Max!
I am finding new grey hairs every day, and I admit, I am trying to tame them with a bit of color. As I embrace this season of life, I am looking at the grey differently and want to encourage you to do the same.
From what is inside your head to what is on top of it, there are more than 50 shades to consider.
Let’s go inside first. Your brain’s grey matter contains most of the neuronal cell bodies. These cells oversee and impact our decision-making, self-control, and emotional perspectives on monetary matters, amongst other things.
It was previously held that as we age, our brains get smaller. New studies negate this assumption, concluding that when older brains are ‘healthy’ there is little brain deterioration, and that only when people experience cognitive decline do their brains show significant signs of shrinking.
How do you keep your grey matter healthy? Exercise, diet, and become a lifelong learner are places to start. Check out the work of Dr. Daniel Amen in this arena. As we do our best to keep our brains healthy, we also need to embrace that aging does have implications.
A white paper produced by the Center for Retirement Research at Boston College titled “Cognitive Aging and the Capacity to Manage Money” robustly explores how aging impacts our ‘grey matter’ around monetary affairs.
Their conclusions include that as people age, they should be able to manage the routine financial activities such as paying bills and understanding income and expenses. These activities are based on ‘crystallized’ intelligence – accumulated knowledge built over time.
However, normal cognitive aging decreases our ‘fluid’ intelligence – the capacity to process new information. If someone finds themselves taking over the financial reigns because of circumstance (death, divorce), they will have a harder time learning new skills in this area.
This fluidity also has to do to with ‘reasoning’ skills which may lead to risky or unwise financial decisions.
If you have been at the helm of your family finances, keep your brain healthy and stay astute. Ladies, if you have been the one who hasn’t wanted to, hasn’t needed to, has been kept out of the family finances or is not prepared to take over the financial wheel, communication and planning is key.
Make sure there are trusted family members and fiduciary financial professionals that you resonate with and that represent your best interests to walk alongside you to minimize the potential for abuse if or when you find yourself doing money on your own.
Trust Your Wisdom
How you use your time, talents, knowledge, and wisdom built throughout your lifetime and how your financial decisions align with what is paramount in your life is profoundly important and necessary in our world.
For many, this is the ‘why’ that makes you want to grow, nurture, and protect your financial life in the fall season.
In his fascinating book From Age-ing to Sage-ing: A Revolutionary Approach to Growing Older, Zalman Schachter-Shalomi shares what those entering elderhood have to offer.
“Over and beyond an exchange of verbal information and technical skills, they transmit what can’t be acquired from books.
When the transfer of sheer data just isn’t sufficient, they impart the wisdom of a lifetime (including the personal attitudes, moral and ethical judgments, and aesthetic appreciations that characterized them) through the fire of a unique relationship, the give-and-take of a living dialogue with a younger student or apprentice.
When an elder fertilizes a young person’s aspiring mind with his knowledge and seasoned judgment, the student receives a living spark, a transmission, that may one day blossom into wisdom.”
We need to redefine this season of life and ‘retire’ the idea of retirement into singularly a life of ease. Is this the best use of the grey inside or on top of your head? I warrant not! I encourage you to intentionally take care of how internal grey matter is functioning.
Take a class and increase your financial literacy skills sooner rather than later. We have a growingly grey population (yes, you may disguise it, but it is there). Stay engaged, contribute, show up, and share the amazing individual your unique life experiences have allowed you to become.
Make sure that all of your financial matters are in order and optimized to keep you sustained in bringing this wealth of wisdom to the world.
Potential and possibilities await as you look at how to best use the grey matter inside and grey on top of that beautiful head of yours!
You can download a copy of my financial affirmations – one for yourself and one for a friend! Check out our e-course where you can get intentional about making the most out of your grey matters. Call us if a Journey of Financial Health™ fits your needs.
How are you using the grey parts of you? What ways have you found that help you boost your grey matter? Let’s share our stories to encourage and support others.