By now, you know me as President of Psychology of Money Consultants and as a clinical psychologist and money and life coach. But something you probably don’t know about me is that as a UCLA student, I was a sportswriter who wrote a column on handicapping horse races for the Daily Bruin.
I mention this because as an expert on the gender gap and differences between men and women with money, Rosie Napravnik has accomplished a female first in sports history. In the only major sport in which men and women actually compete against each other, Rosie has won more horse races than every male jockey in America!
With the Kentucky Derby being this Saturday and no female jockey ever having won it, let’s root for Rosie.
Outside of horse racing, the gender gap has much deeper meaning. Let’s start by looking at three statistics:
1) In 1979, women made only 62% of men’s median salary while in 2007, they made 80%.
2) In a 2012 study by the American Association of University Women, women who graduated from same school in same major who took full-time jobs in the same occupation as their male classmates made 7 % less than men one year after graduating.
3) Much more concerning, however, is the gender gap increases significantly over a woman’s career so that after 35 years, women earn $1.2 million less than men!
Want to discover why and what you can do about it? Want to learn more about how men and women behave differently with money? Read our upcoming series of blogs. Or you want to just comment on today’s blog?
If you are interested in gaining deeper insight into the causes, consequences and potential solutions of the gender gap, I will be leading a roundtable discussion at the Luxe Hotel in Brentwood on Wed., May 15, for the Conscious Leadership Connection. It will be an outstanding program featuring dinner, networking plus roundtables led by eight distinguished money experts.
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There are three basic ways to evaluate a listener’s response for its empathic accuracy:
1) Subtractive (-) responses – What you say is inaccurate. It takes away from what speaker says. The speaker slows down, has to explain what she means, feels interrupted or loses train of thought. Speaker has to expend more effort to communicate and try to be understood.
2) Interchangeable (=) responses – What you say is so accurate that it could be interchanged with what the speaker said. Speaker continues to talk freely and non-defensively, self-explores and gains more understanding. Speaker flows with what you said.
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Although nonverbal empathy usually communicates more powerfully than verbal empathy, the words a listener mirrors back to the speaker are still vitally important.
Here are guidelines for being empathic when you listen to a speaker:
- Maintain the focus on the speaker (necessary)
- Focus on mirroring feelings first (crucial for most speakers)
- Focus on mirroring content associated with feelings (important)
- Develop your natural style by being authentic (ideal)