I normally side-step politics and social commentary.
However, I can no longer remain silent about a pressing topic.
It’s about Barbie’s Oscar nomination snubs. What do you think about the fact that Ryan Gosling’s performance was nominated, but not Margot Robbie’s or Greta Gerwig’s.
How angry should we movie-goers be?
Is it unfair?
Is this the patriarchy in action?
You have your own opinions about this.
And here’s the reason I bring it up.
I believe a woman physician’s ability to build wealth is still shaped by insidious patriarchy.
When I was a child, my mother could not take out a credit card in her own name. In fact, it wasn’t until I started college in 1974 that women had the right to take out credit cards in their own names.
Establishing a credit history and building a solid credit score lays the foundation for wealth-building. Without an opportunity to build strong credit, all loans interest rates—including credit card APRs—are likely to be higher. Someone with a high salary and a low or nonexistent credit score is likely to be offered a higher interest rate on a loan than someone with great credit but a lower-paying job.
Women’s rights were on a roll. Just a year before, Roe v Wade was signed into law.
Are women heading backwards?
Today woman physicians working full time earn less than their male colleagues in the same medical specialty. Women physicians are still under-represented in leadership positions.
In the movie Barbie, Ken asked a woman doctor if he could do just one appendectomy or get a clicky pen or a white coat. The answer to all these requests was, “No.”
Today women physicians do appendectomies, have clicks pens and wear white coats. How can you more effectively help them say, “Yes” to financial freedom?
Take a lesson from Barbie. Recognize a woman’s performance in the family’s wealth-building efforts. Within any family, who is the real decision-maker? If may be the woman!
What can you do to to help woman physicians and physicians of color achieve financial parity with white males?
We will address this in the upcoming Cracking the Physician Code course beginning February 6th, 2024. Click here to learn more.