Own Your Single-mom Status

Image credit: Angela Benton

Angela Benton is the founder and CEO of NewME. Since launching in 2011, NewME has accelerated over 300 startups and helped them raise over $17 million in venture capital funding. Her advice: “Being a single mom is NOT a setback. Nestled somewhere in the pages of a storybook is the idea that entrepreneurs “hustle,” “crush it,” “grind” and whatever other word you can come up with to describe working really, really hard on your business 100 percent of the time. Out here in the real world we know that’s not true. Don’t get me wrong, entrepreneurship is a ton of work. However don’t let the perception of this lifestyle count you out before you even count yourself in. Being a single mom comes with a wealth of skills that do well in entrepreneurship like: multitasking, creativity, managing and/or operating on a budget, and problem-solving to say the least. I don’t know about you but I’d put my money on someone with these skills rather than a new college grad.”

 

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Being Mindful About Money…

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No-one likes to talk about it! We feel uncomfortable with it, we feel guilty spending it, we feel bad for not saving it, we feel shame when we have it. When we earn high salaries, we feel like we don’t deserve them. When we earn low salaries we’re scared to ask for more.
We all have different behaviour and belief systems when it comes to money. Much of this has been handed down to us from our parents, and the financial circumstances of the environment we grew up in.

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The Self-Made Billionaire Effect

Money Plan: It’s Never Too Late or Early

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Being a single mama, planning household finances and where every £ goes is essential. As a single income family, it is very important for me to identify how I was going to sort out my finances. Firstly I needed to determine what I’m aiming for. Some people have very immediate and specific financial goals, for me, that’s not always the case.

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