Women and Wealth: A Conversation on Financial Independence with Meher Mirchandani

When we think about financial independence, it is often linked to personal freedom, security, and the ability to make choices without constraints. For women, financial independence is not just about money; it is about self-empowerment and creating a life on their own terms. In this conversation, we delve into the journey of an entrepreneur, leader, and advocate for self-love, discussing her perspective on financial independence, the challenges women face, and the importance of taking charge of one’s financial future.

The Journey Towards Financial Awareness

Starting her career in fashion, our guest successfully ran a label for 15 years before transitioning into the family business. Managing multiple business verticals, including real estate and facilities management, she has navigated different industries, learning valuable lessons along the way. But when it came to financial independence, she admits that, for a long time, she did what many women tend to do—she relied on the men in her family.

“Financial literacy is one of the biggest challenges women face. We often assume that our fathers, husbands, or brothers will take care of our financial needs. Because we are so busy juggling responsibilities—ensuring our homes are perfect, taking care of family, meeting societal expectations—we don’t take the time to understand investments, savings, or wealth creation,” she explains.

Also Read: Women & Wealth with Apurva Purohit

It wasn’t until later in her career that she realized the importance of taking control of her finances. “I had spent years avoiding financial discussions, assuming someone else would manage them. But in 2024, I made it my mission to become financially independent. I now take an active role in understanding my investments, savings, and wealth management.”

Women’s Relationship with Money

One of the common patterns she noticed among women is the tendency to prioritise others over themselves. “Women love to give. We spend on gifts, make others feel special, and contribute to the happiness of those around us. While that is a beautiful trait, we often neglect our own financial security. It is essential that women not only earn but also save and invest wisely. We need to build wealth for ourselves.”

She emphasizes that financial independence is not just about having money—it is about having control. “When you understand your finances, you make better decisions. You don’t have to depend on anyone. You can live life on your own terms.”

Practical Steps Towards Financial Independence

When asked for advice on how women can take control of their financial future, she shares three essential tips:

1. Start with Self-Love – “You owe it to yourself to be financially independent. Many women associate money with stress or complexity, but it is really about self-care. The more you understand your finances, the more empowered you become.”
2. Educate Yourself – “There are endless resources available today—books, courses, mentors, and financial advisors. Take the time to learn about investments, budgeting, and wealth-building strategies.”
3. Be Intentional – “Just as we plan our careers and families, we must plan our financial future. Set clear financial goals, track your progress, and ensure that you are saving and investing for the long term.”

The Role of Women’s Voices in Financial Empowerment

Platforms that amplify women’s voices play a crucial role in changing financial narratives. “When women share their stories about financial independence, it inspires others to take action. I have seen firsthand how conversations about money can change lives.”

Also Read: Women & Wealth with Raka Khashu Razdan

She recalls a moment that reaffirmed the impact of her work. “A family member of mine in the U.S. was going through a difficult time and struggling with financial decisions. She told me she listens to my podcasts and that they give her hope. That moment made me realize the power of sharing knowledge.”

A Call to Action

Her message to women is clear: “Financial independence is non-negotiable. No matter what stage of life you are in, take charge of your money. Understand it, invest it, and make it work for you. Do not wait for someone else to do it for you. It is the greatest gift you can give yourself.”

Her journey highlights an essential truth—women must prioritise their financial well-being just as much as their personal and professional growth. By embracing financial literacy and independence, women can break barriers and create a future where they are not just participants in wealth creation but leaders in it.