Both women and men need to be sufficiently financially literate. Women’s needs are even higher, because of the following reasons:

1. Typically have fewer financial resources than men (e.g. lower labour market participation, lower earnings, discontinuous careers for caring activities…)
2. They live longer on average than men; and
3. They need to manage resources well and for longer periods to improve access to economic / financial opportunities and to avoid poverty in old age.

Some women seem to have lower confidence than men in their financial knowledge and skills, especially with complex issues and appear to be less interested in financial issues than the males.

Our guest in this episode believes that money isn’t everything, but it keeps the lights on. Fran McKay wants to make a positive difference in the world by teaching and reaching people. Fran spent over 20 years in a Chemical Plant Manufacturer job and switched to work at an investment firm in 2004 and again in 2014. Fran knows how hard it is to plan for our financial future and how important it is. She knows how expensive it is to run a church or just help people from your own wallet.

Since becoming a Wealth Advisor,Fran has been able to pursue her passion guiding individuals and families with their financial strategies as well as volunteering in the community. She is an active member of the Rotary Club of Peoria-North and the Legacy of Hope Council for OSF Healthcare Foundation.

In 2018, Fran launched her own investment management and financial planning practice, Catalyst Wealth Planning LLC. 

Check out Fran’s online faith-based financial literacy course to empower you to honor God with your financial stewardship, protect your family, create a life you love and leave a legacy that lasts.