3 Priceless Money Lessons for Women EntrepreneursThese women are redefining what it means to be female with money ambitions.

ByBrijana Prooker

Opinions expressed by Entrepreneur contributors are their own.

Portra | Getty Images

Let's talk womenentrepreneursand money. Specifically, women entrepreneurs wanting to make money. It may seem like a given, that if you start a business one of your top priorities will be to earn money. However, many women entrepreneurs have a tendency to sidestep the issue of money. Actually aiming to be rich -- and vocalizing it -- is often afailed social experimentif you happen to be female. Ambition of any kind -- including financial -- is deemed anunlikable trait in women(尽管一个令人钦佩的男性特质),尽管gender parity and overcoming the wage gap have become popular topics of conversation in the Time's Up era, too often women arefaultedfor havingmoneygoals.

Related:My Female-Led Company Raised $6.25 Million in 2.5 Years. Here's How We Did It.

Luckily, some fierce females are leading the pack when it comes to unabashedly seeking the power that comes with wealth, essentially rebranding what it looks like to be female with money ambitions. Here are three (priceless) lessons you can learn from them:

1. Don't prioritize passion over pay.

Author Jessica Knoll pulled no punches in her fierceNew York Timespiece "I Want to Be Rich and I'm Not Sorry," boldly declaring: "I want to make the kind of money that allows me to jet to Mexico on a Tuesday, to meaningfully contribute to nasty politicians, to afford a shark of a lawyer if any man ever lays a finger on me again."

诺尔,经济成功的关键是to autonomy. She makes it clear that it's not enough for her to be a published writer; her goal is the freedom that comes with having money -- and lots of it. Money is power, and Knoll is intent on using her writing talent to attain much of both. She's quick to add: "If anyone calls that obnoxious, I want to do what men do, and shrug."

Women entrepreneurs are often said -- more so than men -- to be pursuing their "passion" projects. Double standard aside, there is nothing wrong with turning your passion into a business and certainly nothing amiss about following your dreams, though prioritizing passion over pay is a mistake. Having money gives you the power to make choices -- where to live, what doctor to see, what charity to support -- and having the means and ability to make these kinds of decisions should not be underestimated.

Not prioritizing passion over pay doesn't mean quitting what you love. If you're a baker with a pie business, don't stop baking pies and bore yourself silly taking up accounting. But, do spend some time doing research and planning how to monetize your business. Pursuing your passion is equally as important as being financially secure.

Related:3 Simple and Essential Money Lessons for Women Entrepreneurs

2. Know your worth -- and make sure everyone else does, too.

Writer-producer Shonda Rhimes signed anine-figure dealwith Netflix last year, leaving ABC, home of her breakout seriesGrey's Anatomy. When Rhimes started taking meetings with Netflix, she had a lot to boast about. Her ABC shows were so popular (and profitable) that ABC gave her an entire night of primetime TV -- a Thursday night lineup known as TGIT -- that included her Shondaland showsScandal,How to Get Away with MurderandGrey's Anatomy, which after 14 seasons remains one of ABC's top dramas (it currently ranks number two).

Despite Rhimes' massive success at ABC, where she created a multibillion-dollar empire, her nine-figure Netflix deal wasn't just handed to her. Rhimes: "As a woman, what I know is you can't approach anything from a point of view of 'I don't deserve' or 'I'm not going to ask for because I don't want other people to get upset.' And I know for a fact that when men go into these negotiations, they go in hard and ask for the world."

If you're an entrepreneur who offers a service -- such as web design, social mediamarketingor copywriting -- odds are you've had clients offer to pay you less than you charge (and substantially less than you're worth). People figure that since you own your own business, there's no fee set in stone, like there would be at a larger corporation. They also figure -- especially if you're just starting out -- that they can take advantage by asking for endless revisions and refusing to pay until they've gotten 10 times the work you had originally agreed upon.

So, how do you balance your own literal and figurative self-worth with your very real need to pay rent and afford groceries?

Protect yourself by being very specific in your contracts. Specify, for instance, that your fee includes three revisions so your clients can't refuse to pay you until you give them 30. Require half your fee up front and the other half upon project's completion. You may have to say yes to projects below your pay grade in the beginning, until you're more well-established, but by putting safeguards in place to protect yourself from being taken advantage of, you are establishing your worth -- and no one can take that away with you.

Rhimes didn't startGrey's Anatomywith anywhere close to a nine-figure salary, but there's no doubt she knew she was talented and knew what her writing was worth. Her confidence kept her going until ABC, Netflix and everyone else could see her value. As Rhimes, "Decide what you think you're worth and then ask for what you think you're worth. Nobody's just going to give it to you."

Related:Why Do Smart, Successful Women Keep Making These Financial Planning Mistakes?

3. Use your money to give back, but don't give it all away.

Sylvia Acevedo, CEO of the Girl Scouts and bona fide rocket scientist, is determined to teach girls of all ages that it's possible to make money and do good at the same time. Making money, Acevedo, helps you "create your own opportunity."

The Girl Scout Cookie Program teaches girls how to budget for what they want -- such as taking a trip to a science camp and donating to an animal shelter -- and in the process of dolling out Tagalongs, girls learn the power of earning money. They also learn that making money and doing good are not mutually exclusive.

Which is a powerful lesson for women to learn as well, especially since they're more likely than men to want to use their earnings tohelp others. The Girl Scout model of money earning -- balancing what you make between enriching your own life and helping those in need -- is a great method to follow because it teaches women that it's OK for money to be a means to more than philanthropy.

Women are socialized to bemore empatheticthan men, and while empathy is beautiful, noble and even life-changing, it's also wrapped up in the notion that women's needs are secondary to everyone else's. So, if you're an entrepreneur considering donating a portion of your funds to a charitable cause, that's amazing (and smart --millennialsprefer to buy fromcompanies that give back) but just remember that, in a world where womenmake less money than men (yet live longer)it's prudent to also look out for your own financial needs.

Wavy Line
Brijana Prooker

Entrepreneur Leadership Network Writer

Creative Projects Director at KOTAW Content Marketing

Brijana Prooker is the executive brand journalist and creative projects director atKOTAW Content Marketing, a Los Angeles creative marketing and brand storytelling studio.

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

'Soul Crushing': Internet Sleuths Notice Something Is Very Off With This Condo Listing

From the grey carpets to the fluorescent lights, it's obvious that this home was not always a home.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Green Entrepreneur

Phoenix Has Hit 110 Degrees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.