Financial dependence and old-age poverty – problems that primarily affect women. There are many reasons for this. One such reason is that women often shy away from taking charge of their own finances. Bestselling author Natascha Wegelin, also known as Madame Moneypenny, is trying to change that.
Her website not only provides comprehensive information on the subject of money, but also offers a mentoring programme, a 90-day journal, a podcast and a Facebook group aimed specifically at women. Wegelin has also written a bestselling book: “Madame Moneypenny – Wie Frauen ihre Finanzen selbst in die Hand nehmen können“ (How Women Can Take Control of Their Finances) (rororo, 2018). The great thing about her is that she treats everyone she speaks to equally – even those who don’t have a clue about finances feel like she is taking them seriously. The Moneypenny community now includes around 100,000 women, and the Facebook group alone has 37,000 members.
Wegelin, 33, did not originally plan to become a kind of financial guru for women. She studied media management, launching her first company in her mid-twenties – a website for finding spare rooms to rent. What awoke Natascha’s passion for money? A bad experience with a financial adviser. She signed a savings contract that wasn’t right for her, but didn’t realise until it was too late. It was frustrating, but she immediately realised it was almost entirely her own fault. She should never have handed over responsibility to someone else. She asked her female friends what they do with their money, and the results were sobering: “I don’t know what I’m doing either. I should really sort it out sometime.” Or: “My husband handles that.” Natascha even heard such things from well-educated career women. It was clear to her that people needed someone like Madame Moneypenny.