Although it is a known fact that no gender has a special lock to the money, also this cannot be denied that women make only 3 quarters of what men make and when it is the question of divorce, they are entrusted with more number of children and less number of assets. Did you know that women live longer than men usually but one in 8 women in elderly stage live in poverty against one in 12 men? So its important that we women have rigid goals towards finance. Here are few tips for women like me to be financially successful:
- Set a Goal: Be it finance or career you need a goal to achieve something that is worth your time and dedication. Hence set a goal today and start working on it.
- Be financially independent even if your partner is working.
- Buy your own home, do not wait for the arrival of prince charming so that you could buy it together
- Start funding your retirement account if you do not want to be the one in 8 women mentioned above
- Start investing without being afraid of risks, a little amount of risk has to be taken to make you reach greater heights.
- If you have doubts work with a CPA or financial planner to feel more confident about what you are doing.
- Don’t ever think its too late. But don’t exercise the same attitude and keep postponing. Do it now!
