It is necessary for women to undertake financial planning for the long-term to be able to step-up from the traditional view of being the 'budget queen' to being the 'investment expert' by taking on the right course of action to grow their money
We frequently get deeply immersed in our mundane activities to make a living. So much so that we forget the mere joy we feel as we get our paycheck to meet our expenditures and allocate the remaining sum as our savings. In this process, we neglect the idea of engaging in investing, which is the next essential step to grow our financial health to enable us to fulfil our life goals. Investments are the most pragmatic way to build wealth and can lead to compounding benefits.
Gone Are The Days: Traditionally, men have known to lead the financial investment decisions for the family. However, with a gradual increase in the number of working women, both men and women are now driving these choices jointly. Furthermore, as women are increasingly becoming independent and playing a key role in the decision-making process for themselves and their families, the pressure on women to gather relevant knowledge of personal financing tools and to manage their individual investments has risen profusely.
As Warren Buffet says, “do not save what is left after spending, spend what is left after saving”, is the outlook women must have to proceed in the investment domain.
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