In today’s peer-to-peer session, Lisa Severing joins us in discussing the intersection of society and finances. As a seasoned sociologist and financial advisor, she created Lilliettes, a platform dedicated to enhancing financial literacy, especially among women.
This session isn’t just about financial buzzwords or money mindsets. Lisa brings something more profound to the table: the sociology of personal finances. How does society shape our views on money? What stories have we inherited? And how do these narratives influence our choices?
Buckle up. It’s going to be an insightful ride.
In this Episode
[01:14] Lisa explains her colourful journey to personal finance.
[03:13] Getting to understand your mindset around money.
[05:44] Lisa lets us know some German history about factory education and how it shaped financial literacy.
[07:22] A retelling of the story of Icarus when it comes to your financial mindset.
[12:38] Lisa explains the term “woman dollar”.
[14:22] “The main problem is that emotional labour is done by women and it’s not paid.” – Lisa
[17:01] There is good news about investing money.
[20:00] What is the 50/30/20 Rule?
[25:07] The value of preparing an emergency fund.
[27:39] Planning for retirement and means of financial security, especially for women.
[30:06] “Once women are financially literate, once women are taking care of their finances, they turn out to be better investors.” – Lisa
[34:52] Questions to ask yourself if planning to purchase an apartment or home.
[37:12] Saving for retirement is not just a means of survival but having a good standard of living.
[39:27] The value of discussing finances with your partner regularly.
[40:40] Lisa recommends steps you start with today with your finances and investments.
[46:46] Why you should work with a financial professional.
[48:26] Being part of a tribe and knowing that you are not alone.
[50:53] Different ways to get educated on financial literacy.
[54:52] The intention is to improve finances without cutting back.
About Lisa Severing
Lisa Severing is a trained sociologist and finance professional. She is also a co-founder of Munich International Women. She is a Fulbright and PROMOS alumni and is currently writing her Master’s thesis. She has studied, done research,h and worked in Germany, the US as well as Asia.
In terms of research, her primary focus lies on the sociology of money, behavioural economics, and gendered finances. Currently, she is looking into the topic of the gender financial literacy gap and why it is not enough to just skip on the coffee to get wealthy as a woman.
Yet, Lisa isn’t just about numbers and balance sheets. She’s a dedicated pet parent, finding unexpected love with a bunny and welcoming a new furry friend named Rudy into her life. Her interests span far and wide, from the depths of research to the creative realms of interior design.
CONNECT WITH LISA SEVERING
Speaking Engagements
On Instagram
On LinkedIn
Book Recommendations
Napkin Finance
Rich Dad Poor Dad
The Latte Factor
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