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Asset Protection and the Purse

By John Dietz - Email Editor

Date : 22-May-2007

Dear Subscriber:

Should a woman’s point of view and position on her financial stance be dissimilar from her counterpart’s perspective? Names like Carly Fiorina (former Chairman and CEO of Hewlett-Packard), Condoleezza Rice, Mary Matalin, Rachael Ray and Martha Stewart surface every day in some form of the media. Also, for the first time in U.S. history, a woman has made a bid to become President of the United States.

Both men and women need to sort out these evolving changes in the workplace, the media and in their personal lives with eyes wide open!

How does the power of “the purse” affect us all? "As more women are added to the labor force, their share will approach that of men. In 2008, women will make up about 48 percent of the labor force and men 52 percent. In 1988, the respective shares were 45 and 55 percent," as reported from the U.S. Department of Labor in 2006.

Would it be fair to say that the increasing number of women in the workplace changes the work ethic of everyone? I support this presumption based on the 2003 study results from the Institute of Behavior Sciences at the University of Colorado on the subject of “Women Managers.” This study on job affect and work experience behavior resulted in very few attitude differences between female managers and executives and the equal of their male counterparts. The most significant difference reported by this study is that woman report more of everything, which equated to both the positive and the negative.

- Women report more of everything; this means more paper, more meetings, more organization and more problems.

- Women report higher levels of job satisfaction and trust in top management.

-Women report higher stress and more incidents of being disrespected and excluded at work.

-Women report more health problems, emotional exhaustion, depression, eating junk food and sleeping problems.

-The only thing that men reported more of was a greater consumption of alcohol.

However, when it came to the subject study area titled “Burnout Depersonalization,” the male managers reported at significantly higher level than females. I think this study exemplifies some of the conversations that I encounter at TrustMakers when we are devising criteria for successful personal plans. I feel that our clients face similar quandaries and stress despite their sex.

Today Asset Protection is bantered as though it were a unique “male” problem, when in fact, statistics show us that females, single or married, face as much personal and professional jeopardy and threat as their male counterparts. In fact, all things being equal, predatory thinking is pervasive throughout the world business community, with no exception to race, color or creed. The professionals who "take," take regardless of any aspect other than the fact that an “asset exists for the taking.”

Regardless, of whether we are discussing business or personal plans, the fact is that more and more females are gaining wealth, assets, and contributing to the Gross Domestic Product. The above U.S. Labor Report is a trend in every society on the earth. When I refer to the title of this newsletter, I refer to the fact that this is the way it is; every person needs security, and this means protection from others, in spite of the specifics of the relationship, the country or the business.

Until next time,

John

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