If you went to college in the 20th century, there's a good chance you've already picked up on the title here. I'm echoing
Our Bodies, Ourselves, a feminist women's health classic from the 1970s. The book arose out of a 30-cent, 138-page booklet called
Women and Their Bodies, published in 1970 by the New England Free Press and written by 12 Boston feminist activists, including
Gloria Steinem. I'm certainly no expert in feminism, but the big idea of the book was that knowledge about health amounts to power. Knowledge to make decisions, knowledge to seek help, knowledge to heal — all kinds of knowledge that women deserve to have access to.
Gloria Steinem.
Photo. www.yaledailynews.com
If our bodies can bring us this level of empowerment, I would like to think that our money can, too. Okay, so maybe I am just starting to acclimate myself to the Touch Up blog categories. Fashion & Beauty, Health & Wealth. What do these things have to do with one another, anyway? Is it simply that, as Madonna quips in the documentary
Truth or Dare: "Earrings don't make people look beautiful. Money makes people look beautiful."
No, despite the
Truth or Dare theory, Wealth & Beauty share the Touch Up byline a bit awkwardly. Madonna said the line about the earrings in 1991, anyway — doubtless the post-Kabbalah Madge would cringe at such a statement. Let's look at the Touch Up subtitle again. Fashion & Beauty — comma — Health & Wealth. Fashion & Beauty seem like kind of the same topic, right? So the punctuation implies that Health & Wealth should fit together as easily. But Health and Wealth don't seem to have much to do with each other. (There is that fairly common phrase "financial health," though.) How about if we take the punctuation out and just look at these four terms as equally weighted and unpaired? Fashion, Beauty, Health, Wealth. If you had to pick three out of four of these, which three would it be? Personally, I would throw Fashion out in a heartbeat and just focus on keeping Beauty, Health and Wealth around.
Our Money, Ourselves? Let's not get all "power yoga" here, now. Really though, what I'd like to borrow from
Our Bodies, Ourselves for a moment is the idea that knowledge is power in a real way. Also, that our relationship to knowledge can affect not just our relationship with the outside world, but also our relationship with ourselves. It just hit me that I really am speaking the OurChart language now. Our Money, Ourselves, OurChart! No, really, though. There is that other fundamental lesson to take away from the feminist canon. There's the notion of not just myself, but Ourselves — the possibility of a shared experience and shared knowledge.
So, what, again, does any of this have to do with money? Well, to be honest, with the fairly dismal economic data that came out this past week
(
GE earnings miss dragging down the Dow;
mortgage freeze spreading to prime rate equity loans; major
retailers going bankrupt by the dozen; the IMF cutting its
global growth forecast for 2008), I wanted to take a step back and focus on principles. The economy will probably not be getting better any time soon. This, however, cannot stop us from gaining new insights, making more informed decisions and building wealth in our lives even as the economy tumbles.
What is a "better" economy, anyway? When the U.S. has a
level of income inequality tied with
Turkmenistan and Ghana — way down the list from, say, the U.K. (which, last time I checked, wasn't exactly known as a bastion of socialism) — is it any wonder that such an economic system might not be sustainable? Oops, I don't want to wander too far into the area of policy and politics.
Let me just say this: It seems obvious now that giving women sexual agency in the context of health and body image would eventually rewrite the rules on sex and gender altogether. I think, as we figure out what economic agency looks like, it's possible we could empower ourselves beyond just dollars. Sure, we could all trade stocks based on sports analogies, evict people from their homes for a quick real estate deal or copy other mainstream fantasies of wealth creation, but I think we have better ideas. So, please, keep informing yourself about the economy and wealth, here and elsewhere. There are a whole lot of rules to rewrite.
11 Comments
Library of Babel
You are echoing some great philosophy here. This blog definitely brings out your Borgesian approach to the previous blogs. In the past blogs you attempt to give us an understanding of the chaotic and labyrinth-like economy; here you create a different reality for us. As Borges did with Schopenhauer and Berkley’s idealist and empiricist philosophy, you highlight an approach to make sense of our world and ourselves, giving us much more than just economic agency. What makes this blog even more powerful is that I can almost see your own mathematical and architectural philosophy in it, so similar to what Borges does in Library of Babel.
I'm in love your brain arquitecta. I rise in love with your beingness.
Boo -
You are giving away all my secrets!
;)
Mitch
i love your deconstructivist inner yogie
Have you now succumbed to the fluffy empowerment tag line of this catagory of touch up? :)
i'm greatfull for your clarity to make sense of what seems like an economic muddle.
Sort of..
Grace, thanks for the love. I'm feeling so loved today, btw. Readers are spoiling me.
Well, if you notice I did rib a little on the Fashion part. Maybe with this couture blogstar you're bringing on, fashion will grow unto its own section. (BTW, pet psychic? You are something, G)
Oh kudos on the new tagging thing. I've had a couple comments from readers saying it took a while for them to find my stuff. The tags should help.
Mitch
I'm working like the devil
...to get the next generation to practice good financial health, but we've spoiled them so much, it's proving almost impossible.
I have a niece who is the jewel of the family. At 12 she announced she was going to Harvard law. Well, that last year in college wrecked her GPA, but she graduated last year, got a job as a Probation officer and, at 21, bought her first house. When looking for an appropriate graduation present, I saw the really nice crystal degree& mortarboard. Passed that up as a dust collector and got her a sharebuilder kit. Now that's collecting dust. I don't know how to inspire these young people to put down financial roots now so they won't spend the next 20-30 years struggling like I did.
There's a thin line...
Bravo
Meffle,
What a wonderful goal. I hope you keep passing on your knowledge about financial management and planning. Since you've taken the step yourself to jump into the world of online networking and blogging, maybe you can try using these newer technologies to support your efforts. Don't forget that someone as young as 21 may well have learned to use the internet before she even checked her first book out of the library. A parole officer, specifically, might appreciate resources that she can use from her mobile phone.
Don't give up - it sounds like you have a lot to teach.
Mitch
Mitch, I am in love with
Mitch, I am in love with your brain.
(Not in a Hannibal Lecter way)
Tipsy
I think I just got a little buzzed from your blog, and I have always hated talking/thinking about money. How do you do that, and may I have your autograph (preceeded by several paragraphs, perhaps)?
good post
it is known that women are much less likely to invest than men. i haven't done any (poor college student). the closest i came was opening up a roth ira, but i needed the momey for school and i keep fearing that i'll die before i'm 65 (i know, stupid) or that i'll need the money for something else.
i think it's really important though that we learn of the different investments out there and prepare for our future. most of the poor elderly are women, social security will be banckrupt by 2019 (no kidding, we're not getting any), and even if it were around, we won't have the privilege of getting our spouses social security or a tax-free inheritence if they die. (i'm convined that people don't want to admit that they're against gay marriage because, at least in part, their taxes will go up. somebody will have to pay for those spousal benefits and tax breaks if we can marry and straights don't want it to be them, even though we've been subsidizing their benefits).
suze orman did do a "women and money" tour a while ago. i only saw part of it but that woman is very educational and pretty entertaining.
Women's Investment Groups
Many OC'ers may already know about this, but I'll mention it anyway. There is a fun way to become more informed about investment possibilities and how our global corporate economy works. (If you want to know about that.) That's by joining/creating a women's investment club. I belonged to one that functioned like this. There were between 9 and 12 members. We each contributed $25/month (although I joined after the club was well established and had probably 15K in investments so the initial investment might have been more).
Each one of the women tracked a particular stock. We learned from each other what to look for. We mostly talked about stocks, but we also talked about trends--political, social and financial. We dumped Lowe's and Home Depot just about the time home sales slowed. We made decisions based on research and discussion, what a great learning experience.
There's a group called NAIC and "Better Investing" that has a model for investment clubs including software to evaluate companies' fundamentals and complete the club's bookkeeping and tax reporting forms. That part is the most complicated. The problem with the national group is that they really soak the clubs for software support on doing financial reports/taxes. If anyone is interested in the national group, here's a link.
http://www.better-investing.org/Public/default
The club software/etc. is pricey and pretty much eats up stock gains for smaller groups, but the idea is great. The fact that it was all women really helped in everyone contributing and supporting each other in learning.
Lezbeth
ps I still have my very worn copy of Our Bodies, Ourselves...it was revolutionary at the time.
Food for thought
Mitch, you have given me food for thought about economy, wealth and health, economic or otherwise. Now that is good currency.