S2E2: It's About More Than Numbers (50:30)

Have you ever told yourself that you're not good with the money stuff because you're not good with numbers? There's a very common stereotype that women aren't great at maths, yet research tells us that's not true, and we're are often better at numbers than society gives us credit for. But in a twist, you don't necessarily have to be good at maths to be great with money.

In this episode of "It's Not About the Money," we explore the fascinating dynamics of gender stereotypes, maths and money with guest, Peita Diamantides.

 

About Peita

Peita Diamantidis is a new form of ‘geek’ hybrid - maths and finance nerdiness combined with a passion for communication that has her on a mission to empower the public to take charge of their finances.

With over 20 years in the financial services industry, and the last 15 as a practising financial adviser, Peita has worked with international conglomerates right through to young couples looking to buy their first home. No matter the size of the financial transaction, she has been most valued for her ability to take complex financial situations and break them down to their fundamentals. This culminated in the release of her first book, 'Finance Action Hero, Book 1: Basic Training' in May 2014, followed by 'Finance Action Hero, Part 2: Mission Possible' in September 2016.

Utilising a background in Actuarial Studies (financial mathematicians that make accountants look hip and groovy), Peita has developed a keen interest in the science of Applied Innovation - the adoption of innovative business and service models, the development of innovative products and technologies, and the engagement of the public in more innovative ways.

The combination of her passion for communicating and her interest in applied innovation has led her on a never-ending journey to find ideas, widgets, and newfangled ways of bringing the financial advice industry and the Australian public closer together. With a quirky sense of humour and a deep and abiding love of movies, Peita is in the unique position of being able to use humour and storytelling to empower her fellow Gen Xers, helping them rediscover their fierce zest for life - It's not just about managing finances; it's about mastering them to fuel our forgotten dreams and adventures.

Peita can be found in the wild empowering future explorers as an adviser and coach, along with presenting to corporate teams on how to confidently finance their future without forfeiting today’s fun.

Links: https://solo.to/peitamd
LinkedIn: https://www.linkedin.com/in/peitamd/ 
Instagram: https://www.instagram.com/genxadventurefunds/

Takeaways

• Research shows no significant difference in the mathematical performance of men and women in more gender equal countries.
• Mathematical prowess is not the ultimate determinant of financial wellbeing.
• The narrative that women are not good at maths starts at a young age and is reinforced in high school.
• Being good at maths is not necessary to be a good financial decision-maker; it is more about understanding behaviors and making connections.
• Girl math started as a joke among women but became hurtful when used dismissively or to absolve responsibility.
• Financial education should be more inspirational and aspirational, and storytelling and communication skills are crucial in delivering financial messages.
• Supportive policies are needed to address the challenges faced by women in caring for ageing parents.

Keywords

gender stereotypes, maths, money, financial wellbeing, financial decision-making, girl math, financial decision-making, financial confidence, financial education, storytelling, caring responsibilities, ageing parents

 

Disclaimer

It's Not About The Money provides factual information only and is not intended to be financial advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, legislation can change from time to time and we are not liable for any loss arising from reliance on this information, including reliance on information that is no longer current.  We recommend that you seek appropriate professional advice before making any financial decisions.