Annika Sorenstam On Finding Success, On and Off the Green

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 23 August 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Annika Sorenstam is one of the best female pro golfers that the world has ever seen. She also is a woman, like many of us, who started out with very little money, made some, and had to learn first how to budget it, and then how to invest it. She shares how she manages her money and advocates for other female professional golfers, on and off the green. Chapters: 00:00 The Parallels Between Sports and Personal Finance 03:19 Discipline and Preparation for Success 07:41 Applying Discipline to Financial Life 10:33 Savings and Investment Strategies 18:16 Off-Course Development for Young Women in Golf 26:27 Transitioning from Sports to Life After 35:33 The Benefits of Playing Golf Takeaways: Discipline, preparation, and building on small habits over time are key to achieving success in both sports and personal finance. Having sponsors like Gainbridge is crucial for supporting initiatives that empower women in sports. Learning the game of golf has numerous benefits, including inclusivity, physical and mental challenges, and social connections. Have a question for us? Write to us at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:09.0	When you think about retirement, do you have a strategy to help your money last as long as you do?
0:15.0	That is the biggest fear by far for women.
0:18.0	To help make sure you're ready for the future, schedule your complementary wealth checkup at Plan E.F.com slash Hurry. Schedule your I'm Jean Chatsky. Thanks so much for joining me today on her money where we talk about
0:34.4	personal finance and how money touches everything in our lives. Today we're going to be talking with
0:40.4	Anica Sorensdam, one of the best pro golfers, female pro golfers the world has ever seen.
0:48.4	So what does this have to do with your money?
0:51.7	Well I gotta tell you, I see a number of parallels between what it takes to get good enough at a sport to play let alone play professionally and the time and energy it takes to get good at managing your personal finances.
1:07.0	We'll talk about that.
1:08.5	But Anica is also a woman like many of us who started out with very little money, made some and had to learn how to first
1:17.5	budget it and then invest it. That turned out to be something that she not only enjoyed but became quite good at.
1:24.9	We'll ask her how she did that. She's also well known throughout the industry for her mentorship of young women. She'll tell us why that's so important and what it
1:36.0	takes to be a good mentor and mentee and finally an admission. I don't play
1:42.1	golf. I play mini golf but I don't play golf. I play mini golf but I don't play golf but I've always wondered
1:46.2	if for my career or my mental health I should take it up we will get her advice on that.
1:54.8	Anaka, welcome, thank you so much for being here.
1:57.8	Well, thank you very much, Gene. It's a pleasure to be here.
2:01.3	I started the show by talking about what it takes to master anything, whether that's the game of golf or our personal finances. What worked for you when you were getting psyched up for a big match, an important
2:19.9	conversation, a big game? what is your take on mastery?
2:26.3	Well, I think that's a very big word
2:28.1	and obviously something I continued to work on.
	...

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