Here is an example of what can happen when women don’t become educated about money matters or have little involvement in the family finances.

The husband of a good friend of mine always took care of their financial affairs. Some years ago he suddenly died and left her an inheritance worth millions. At the time I encouraged her to learn about managing her own money but she refused, placing it in the hands of their trusted accountant. She lost most of her wealth and came upon difficult times.

However, this doesn’t mean we all have to strive for mega-wealth.

Being financially independent provides plenty of choices. It takes nothing away from marriage – in fact, it can actually enhance a relationship.

The first hurdle to overcome is usually a lack of knowledge. It’s not rocket science and the benefits are well worth the effort it takes to educate yourself. There are many courses available – try some.

Today, many confuse a good current income with financial independence. This can be an illusion. Ensuring a passive income for an extended period of time is the only form of true financial independence.

Good money managers and those most likely to be financial winners develop certain habits. Some of them are;

• Limit borrowing on items that lose value over time. Managing that desire for instant gratification.
• Create and stick to a budget
• Develop an individual financial plan
• Continue to improve financial knowledge and skills.
• Invest in items that gain value.

Whether married or single do something really special for yourself and improve your financial IQ.