Thoughts + Articles

Help Guarantee Women’s Financial Independence

When I was engaged to be married, my Momma, Romayne Leader Frank, a lawyer specializing in Family Law and Real Estate, was getting ready to give a speech to the Women’s Club on “Women’s Financial Success”.

My Momma asked me to listen to the speech to see what I thought of it! Momma spoke of the need for women to have credit in their own name, not in their husbands name, their former husbands name or their fathers name but in their own name.

Momma had clients who were widowed, divorced, and single who suddenly had no money or credit in their own name. The credit card and bank accounts were in their deceased spouses name, their divorced husbands name or in their fathers name which meant they did not have any money or credit in their own name and were unable to pay their bills and take care of themselves and their families.

Momma said women should always have their own separate checking, savings and credit card accounts in their own name so they would never find themselves without a way to support themselves and their loved ones.

I have over the years called our families accounts yours, mine and ours. The same name as the Lucille Ball and Henry Fonda Movie “Yours, Mine and Ours.” In the movie the title referred to children though not to money. Over the years, I have shared my Momma’s wisdom with many other women and men. Her speech was well received by me and the Women’s Club and has stood the test of time.

What are the secrets my Momma, Romayne Leader Frank taught for women to be financially independent?

1) Open a bank account in your name at a secure bank, that is insured by the Federal Deposit Insurance Corporation, and start immediately to put your money in it for your nest egg.

2) Open a checking account in your own name and put your money in it.

3) Get an American Express and or Visa Card at a very low interest rate in your own name and begin to use it immediately and pay your bill as soon as the statement comes in to establish your credit.

4) If you buy a house make sure your name is on the title and before purchasing your house have a professional title search done to make sure there are no liens or prior owners of the house.

5) If you are paying a mortgage on your house pay the bill on time. If the interest is to high talk to the holder of your mortgage and get it moved down. Always get a fixed mortgage rate.

6) If you buy a car make sure the title is in your name. If you are paying the car off each month pay the monthly charge on time. If the mortgage on the car is to high talk to the mortgage company into lowering the rate. Make sure you have a locked in fixed rate.


Madeline Frank, Ph.D., DTM is an Best Selling Author, sought after speaker, business owner, motivational teacher, researcher, and concert artist. She helps businesses and organizations “Tune Up their Businesses”. Her innovative observations show you the blue prints necessary to improve and keep your business successful. She writes a monthly newsletter “Madeline’s Monthly Article & Musical Tips” and a monthly radio show “Madeline’s One Minute Musical Radio Show”. She has just published her new book “Leadership On A Shoestring Budget”.
For more information about booking Dr. Madeline Frank for your next event email her at


This entry was posted on Saturday, April 12th, 2014 at 4:52 pm and is filed under Articles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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