This post on how to talk about money is sponsored. All opinions are my own.\r\n\r\n\r\nDo you talk about money with your family and friends? I bet you don\u2019t, or if you do, you feel uncomfortable about it. Why is money such a taboo topic? Why does it create so much anxiety to mention it?\r\n\r\nMoney is the downfall of a lot of relationships. I know you\u2019ve heard stories (or maybe experienced it yourself) that significant rifts with family or friends were created because of money. I think that\u2019s a big reason people do shy away from it. They don\u2019t want to do or say the wrong thing, so they avoid it altogether.\r\n\r\nWe are all missing out by not having more frank conversations about money, especially us business women.\r\n\r\nOn November 9th, I attended a session at the BlogHer Business conference entitled: How to Have the Money Talk. It was a session sponsored by Capital Group and the focus was around helping women have tough conversations about money.\r\n\r\nThis talk resonated with me a lot because I led a discussion at a conference last spring about tips for helping bloggers \u201cnegotiate like a boss.\u201d I know how important money is and that women, especially entrepreneurs, need to talk more about money.\r\n\r\nSince I\u2019m an educator myself, I wanted to pass on what I learned at the conference and share\r\n\r\nsome of the things I\u2019ve learned along the way. So here are my 5 reasons you need to get more comfortable with your finances and talk about money more often.\r\n1. Have Those Tough Conversations Early\r\nFor my business as a blogger, I get paid to work with brands to promote their products. I first realized that I wasn\u2019t asking enough for my blogging business when I saw the quality of my content compared to another person who had the same sponsorship. I knew she made the same amount as me because it was a flat rate for the work through a contractor we both used. At that moment, I realized the worth and value of my content and from then on, started asking more.\r\n\r\nHowever, even though I do feel confident enough to ask for more, what I\u2019ve realized is that in the world of blogging and influencers, there is no standard rate. I realized this quite recently when a brand accidentally included a spreadsheet that listed other influencers' rates. I\u2019m not going to tell you what they charged, but what I will say is that bloggers much bigger than me charged less, and bloggers much smaller than me charged more or sometimes nothing at all. It was crazy and enlightening to see that people value their work very differently.\r\n\r\nI know it\u2019s hard and awkward, and it sometimes makes you feel bad about yourself if you\u2019re not asking enough. But we need to have these conversations so that you can start asking for what you\u2019re worth! Knowledge is power, and you won\u2019t know if you don\u2019t ask. It\u2019s time we all talk about money more often.\r\n\r\n\r\n2. You\u2019re Worth More\r\nIf you work for someone or have your own business, I\u2019m almost positive you\u2019re worth more than you\u2019re getting. I learned early on in my career as an educational administrator that the men I worked with made more, for no other reason, than they asked for more.\r\n\r\nThroughout my 15 years in my industry, I\u2019ve gotten a lot braver when it comes to negotiating my salary. I spend a lot of time researching the industry, talking to other people with similar roles, comparing salaries and finding any data I can to use to make a case for the pay I think I deserve. Although you might not get exactly what you want, most places have at least 10 \u2013 20% more available to give you. In my recent job, I got them up almost 50% from the original offer.\r\n\r\nYou need to know your bottom line and what you are willing to take. In my current job, I couldn\u2019t take the original offer, even if I wanted it. I had to talk about money because I wouldn\u2019t be able to live on that salary, taking into consideration the cost of living.\r\n3. Its OK to Say No\r\nI know a lot of other bloggers that never say no to paid opportunities. I get it. We are in the business of making money, and it sometimes feels superfluous that we get paid to do things like taking pictures drinking a cup of coffee. Because it does almost seem silly sometimes, it can be hard to say no. But you should. If a brand doesn\u2019t align with your values, or they are not willing to meet you at your rate or negotiate in other ways to align with your rates, then you should say no. I promise, more business is coming. Don\u2019t work for less than you deserve, especially if it\u2019s not for a company, brand, or product that you value.\r\n4. Investing is Key to Your Future\r\nDo you have a savings account? Do you have stocks or a retirement account or invest in real estate or other assets? I know a lot of women don\u2019t even think about these things. I am lucky that my dad was an economics teacher, so he\u2019s been talking to me about investing for decades. Honestly, I haven\u2019t done a great job at taking his advice \u2013 I\u2019m more of a live for the day girl when it comes to my paychecks. But, I\u2019m lucky to work for universities that have retirement accounts set up for me, so they pull from checks before I even see them. Thus, I do have substantial retirement accounts ready for me when I do get to that age.\r\n\r\nHowever, there is always more we could be doing to save and think about our future. If you don\u2019t know much about investing or starting college funds for your kids, I\u2019d highly encourage you to meet with a financial advisor. For more than 87 years, Capital Group, home of American Funds has focused on its mission to improve people\u2019s lives through successful investing. Capital Group\u2019s long-term investing approach helps people prepare for their most important life goals from buying a house or putting a child through college to saving for a secure retirement. Through its American Funds brand, Capital Group offers a large variety of equity and fixed income mutual funds, target-date funds, and 529 college saving funds. The company is recognized in the industry for its low fees and superior results for long-term investors.\r\n5. Share Your Knowledge to Others\r\nTo reiterate, it\u2019s not just about talking with your colleagues to get the best salary or rate. It\u2019s about communicating with everyone in your circle about money. A lot of relationships fail because there are not enough frank conversations about money. It is super important to have the same goals as your spouse or life partner when it comes to money so you can make those important financial decisions together. It\u2019s also important to have conversations with your kids, so they understand the value of money.\r\n\r\nRecently, my son told me he wants to have a beach house someday. So you know what I told him? I told him he needs to do well in school, work very hard, get a good job, save his money, and someday, he\u2019ll be able to get his beach out. He\u2019s only 7. He\u2019s very young to think about how to save and invest to buy a beach house, BUT it\u2019s never too early.\r\n\r\nI\u2019m instilling in him a few things \u2013 work ethic, the value of education, delayed gratification, and the importance of saving. He also loves sports cars, so I tell him the same thing. You want that fancy car? Well, you\u2019re going to need to make a lot of money to get that car someday. He\u2019s reiterated the conversation to me other times, so I know he\u2019s listening. Any little nuggets of financial knowledge we can share now will pile up down the road; I\u2019m sure of that.\r\n\r\nI hope I\u2019ve empowered you to think differently about money, to take the time to talk about money with your friends and family. It\u2019s never too early or late to talk about money with the people you love. If you\u2019re not sure where to start, then I\u2019d suggest you speak to a financial advisor. They will provide you with a lot of tips and also discussions you\u2019ve probably never considered. I do know that money can feel like a tough conversation, but let\u2019s start. Let\u2019s stop being afraid and take control of our financial futures.\r\n\r\nTo learn more about Capital Group and its mutual funds visit capitalgroup.com\r\n\r\nPhoto Credit: courtesy of #BlogHer\r\n\r\nLooking for more financial stories or ideas for how to talk about money? Here's one about whether kids should get an allowance.