Introducing HerCompass: Gain power in your financial life from what’s holding you back.

Three retired women laughing and embracing

What is HerCompass?

You’re never lost without HerCompass. NorthStar has created a specialized program just for women in their pre-retirement and retirement years designed to help financially educate women to become more self-reliant and self-confident with their retirement planning.

Our goal is to work on lifetime income planning that incorporates longevity, caretaking, long-term care, and healthcare.

Understanding and learning about investments, withdrawals from retirement accounts, guaranteed income streams, Social Security related to spousal benefits, divorce, widowhood, tax planning, and estate planning are part of our HerCompass program. You’ll meet with our advisors, CPA, and in-house attorney to help you make smarter financial decisions about retirement in a no-stupid-questions, judgment-free zone.

Women are more likely to earn less, put their own needs aside to care for others, and doubt their own abilities.

Wealth alone will not give you fulfillment or make you feel in control if you have negative self-beliefs when it comes to money.

We all have internal scripts that we follow and self-beliefs that drive our decisions. Some scripts are good ones — the drive to grow and improve, for example. Others are negative and can turn into blocks that stand in the way of success.

These internal scripts aren’t just part of our internal programming, they’re also often the consequence of family and societal pressures around women and money.

While some of these obstacles are external, many are related to internal “money blocks” that stand in the way of clarity and confidence.

Whether you are single or partnered, divorced or widowed, retired or still working: taking control of your finances and finding the confidence to create transformation isn’t just about moving this money here or signing this document there.

If you only focus on the nuts and bolts but neglect the internal issues — your personal “money blocks” — you’ll find yourself in the same place over and over again. Overwhelmed, unsure, and unheard.

There’s help with HerCompass.

Here are the 5 biggest “money blocks” that may be holding you back from gaining confidence, clarity, and power in your financial life:

Block #1: Prioritizing the needs of others (over your own)

Do any of these thoughts sound familiar to you?

  • Anything extra I have, I give “ to my kids or loved ones; they deserve it more than I do.
  • I sometimes give more money than I can afford.
  • I feel guilty about taking “me time.”
  • I don’t like spending money on myself.
  • I don’t feel worthy unless I’m doing things for other people.
  • I show my love by giving gifts or money.

Here’s the truth: Put on your own oxygen mask before helping others. Taking care of others starts by taking care of yourself so you can be the best version of yourself.

UNCOVER YOUR BLOCK’S SOURCE 

  • What does your internal monologue tell you about your value to others?
  • What would you like to believe instead?
  • Where do these thoughts about yourself come from?
  • What would it mean for you to put yourself on equal footing with others?
  • What small action can you take right now to put yourself first?

Block #2: Money Secrecy

Symptoms:

  • I don’t talk about how I spend my money.
  • I think money is a taboo topic.
  • I stay quiet during conversations about money because I don’t know what to say.
  • I find it hard to open up about money with my partner or loved ones.
  • I don’t like talking to financial professionals because I don’t feel heard.
  • I dislike talking about money, salary, or other financial topics.
  • My partner and I are not on the same page about money.
  • Money makes me anxious.

Here’s the truth: Staying silent about money contributes to lower salaries for women in the workplace and contributes to the common myth that women are not as “good” at money as men.

UNCOVER YOUR BLOCK’S SOURCE 

  • What’s the first thought that pops into your mind when you think about money?
  • When did you start believing this?
  • Where did this belief come from?
  • What would you like to believe instead?
  • What small action can you take right now to counteract money secrecy?

Block #3: Lacking confidence in your own knowledge

Do any of these thoughts sound familiar to you?

  • I have thoughts like “I’m just not good with numbers. I’ll never understand them.”
  • I feel overwhelmed when I think about my finances and goals.
  • I’m afraid I’ll ask stupid questions.
  • I feel like I should know more about money at this point in my life.
  • I feel intimidated when people use investment jargon.
  • I feel judged when I open up about money.
  • I don’t feel heard by financial professionals.
  • I feel guilty about how I manage my money.

Here’s the truth: Building your knowledge and becoming confident in your skills is easier with professional guidance. NorthStar can help.

UNCOVER YOUR BLOCK’S SOURCE 

  • Why do you believe this?
  • Where did this script come from?
  • What would you like to believe instead?
  • What small action can you take right now to counteract this block?

Block #4: Uncertainty and Decision Paralysis

Symptoms:

  • I feel overwhelmed when talking about my finances.
  • I’m not sure what my options are or what decisions I need to make.
  • Retirement is so close nothing I can do now will change anything.
  • Retirement is so far away I don’t need to worry now.
  • I know I need to make changes to my finances but I don’t know where to start.
  • I’ve talked with a financial professional and I left the meeting even more confused.

Here’s the truth: Just learning information will not create a transition in your life. You don’t have to have all the answers now, it’s just important that you take a little step towards making a plan.

UNCOVER YOUR BLOCK’S SOURCE 

  • What does your internal monologue tell you?
  • When did you start believing this?
  • Where did it come from?
  • What small action can you take right now?

Sometimes, women struggle to find the clarity and confidence they need to take action. They feel judged, or they may lack confidence in their knowledge or just plain feel overwhelmed by information and decisions.

If this resonates with your experiences, we want you to know that you’re not alone. Many women we’ve worked with have similar stories. Stories of feeling overwhelmed, not listened to, and unsure of their
next steps.

Block #5: Lacking Trustworthy Financial Advice

Do any of these thoughts sound familiar to you?

  • I don’t think the financial industry is trustworthy
  • I feel bombarded by all the information and it’s conflicting
  • I don’t have anyone I can trust to talk to about money
  • I don’t think I have enough money to seek professional advice
  • Markets are rigged, so I don’t want to do anything risky
  • I’m not sure which source of information I can trust.

UNCOVER YOUR BLOCK’S SOURCE 

  • Why do you feel this way?
  • Where did this belief come from?
  • What kind of advice do you need?
  • What small action can you take now to counteract this block?

Here’s the truth: Has something changed in your life that’s making you realize a need for a deeper conversation about money?

Frustrated with your current situation and you’re ready to make a change?

Already have a goal and you need help in your journey?

You know what you need to accomplish and want a second opinion to make sure you’re not missing anything?

The first step is the hardest.. You don’t have to take it alone..

This is why we created HerCompass.

You’re never lost.

We’ll answer your questions, talk about the decisions you’ll need to make, and help you walk away feeling smart, capable, and empowered with your money — and in control of your future.

We’d like to invite you to talk through these questions in a 1-on-1 HerCompass exploratory meeting. You’ll walk away with complete clarity about what to do next.

Take the first step by calling NorthStar to learn more about HerCompass and how to gain power in your financial life (864) 297-0762.

We believe that all women deserve to get the clarity and quality advicer they need in a 100% supportive and judgment-free zone.

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How can we help?

It can be difficult to decide where to go for financial advice. At NorthStar, we believe in the Golden Rule: treat others the way you would like to be treated. We understand that people can be apprehensive when asking for information and assistance.

Our promise to you is that we will be respectful of your time and there will be no pressure or obligation to do business with us. We want you to be comfortable from the minute we meet!

- George

George Fossing RICP® | CLTC®, President, CEO