Articles about girls
Showing posts with label girls. Show all posts

Here's how I taught my daughter to invest like a pro

Women are hard-wired with the traits that make excellent investors. It’s a shame most of us express a lack of confidence in money matters.


Here’s what women and their daughters need to remember:

Don’t pass on your financial decisions UBS, in a recent study, measured the percentage of women “deferring” investment and financial decisions to their husbands. Deferring is rampant among women of all ages but especially among younger ones. Fifty-nine percent of women ages 20 to 34 leave financial matters to their spouses. This is higher than the 55% of women at least 51 years old who defer to their husbands. The trends are worsening, rather than improving.

Women have good investing instincts

The research demonstrates that women make better investors than men. We do more research, trade less and process multiple data points effectively between our left and right brain hemispheres. Important traits for investing. Why then do we excuse ourselves from the conversation?

www.usatoday.com
, , ,

Financial literacy could make advice more accessible to women of color #WomentoWatch

Industry leaders share their ideas at InvestmentNews Women to Watch think tank


Financial illiteracy in the U.S. hits women and women of color especially hard, according to several participants in an InvestmentNews workshop on the role financial literacy can play in making the advice industry more diverse and inclusive. The half-day think tank was held directly before this year's Women to Watch awards luncheon.

As reported in a recent InvestmentNews' investigation, only 57% of American adults are financially literate, ranking the U.S.14th among all nations despite having the world's largest economy. The U.S. is only slightly more financially literate than the population of Botswana, which has an economy that is 1,127% smaller.

The issue is even worse among women and women of color, explained Chloe McKenzie, founder and CEO of BlackFem and On A Wealth Kick.

"Wealth inequality is real, it's crippling and it's distributed heavily along racial and gender lines," Ms. McKenzie told the think tank. "Girls and women of color need the most help."

www.investmentnews.com
, , , ,

Is Your Mother, Wife, Daughter Investing? Are You?

Why Women Need to Start Investing Now


Dear Readers: My last two columns have focused on what are, to me, two very important topics: the importance of investing and how investing in a 401(k) is one of the easiest and most accessible ways to get started. Historical statistics and personal experience with all types of investors leave me with no doubt that, over time, investing in stocks can be one of the best ways to grow wealth and achieve financial security.

"OK," you may say, "I get it." But a recent Schwab financial literacy survey of the money attitudes of young adults demonstrated that there's one group that still has a long way to go in "getting it" — women. And this, as you might imagine, disturbs me greatly.

According to the survey, young women were half as likely as young men to have an investment account. That's not to say the women surveyed weren't interested in finances. They worked several jobs, saved, paid off debt and saw the importance of a financial plan. They just didn't invest. So, why is this?

www.creators.com
, , , ,

How to Raise Financially Independent Daughters

Financially confident daughters become financially independent women.


WOMEN ARE better investors than men, but if you tell them that, they won't believe you.

Only 9 percent of women think they can outperform their male counterparts, according to a study by Fidelity Investments. This lack of confidence holds them back from investing and taking charge of their financial well-being.

When asked how to fix it, 88 percent of women said more financial education would give them the confidence to invest for their future. Unfortunately, only 17 states include personal finance as a high school graduation requirement.

"Until financial literacy is added to the standard curriculum, (financial education) has to start at home," says personal finance expert Beth Kobliner, bestselling author of "Make Your Kid a Money Genius (Even If You're Not)."



money.usnews.com
Read More

, , , ,

Female Student Publishes Investing Book, Speaks Nationally

Falmouth Academy sophomore Maya Peterson shows a poster advertising her book, “Early Bird: The Power of Investing Young.”


Maya R. Peterson was 8 years old when she decided to dedicate herself to the science and art of investing.

At age 10, she attended The Motley Fool’s “College Women and Investing” conference. At 14, she was the first female investor invited to speak to the Google Investment group.

The now-16-year-old Falmouth Academy sophomore, who recently moved with her family to Falmouth from St. Paul, Minnesota, is a self-published author and a sought-after speaker nationwide.

The daughter of Ginnie and Gunnar Peterson of West Falmouth, Maya attends Falmouth Academy along with her brother, Soren, a freshman who is also an avid investor.

Last month, Maya traveled twice to California to speak about investing to audiences young and old at numerous venues before returning to her schoolwork.

Ensemble Capital invited her to San Bruno, California, to speak about her book, “Early Bird: The Power of Investing Young,” which she wrote and published last year. Maya spoke about how she became interested in economics and investing, her writing process and the advantages of starting to save and invest early.

www.capenews.com
Read More

, ,

Charles Schwab’s daughter on the ‘most disturbing’ trend in people’s finances

Carrie Schwab-Pomerantz, a senior vice president at Charles Schwab and daughter of the firm’s founder, on the findings of a new survey - the gender gap in financial security starts young.


Young women are more likely to scrimp and hustle than young men, but their financial future is less secure.

Women report spending less per week than men on discretionary items — $98 versus $152 — and nearly three-quarters of young women said they held off on buying something so they could save more, compared to 56% of men, according to a survey of 2,000 people between the ages of 16 and 25 released Thursday by bank and brokerage firm Charles Schwab.

At the same time, women are also more likely to take on another job to make more money. But despite their diligence, young women have less money saved, about $1,267 on average compared to $2,000 put away by young men. Young women were also less likely to invest, the survey found, with about 6% reporting an investment account, compared to 11% of young men.

www.marketwatch.com
Read More

, , , , ,

Mother to Mother: Tips for Raising Money-Smart Kids

As mothers, we spend countless hours teaching our children, but there’s another skill we should be focusing on: money management.


As mothers, we spend countless hours teaching our children about good manners, stranger danger, and the value of hard work. All of which will help them survive in the real world. But there’s another skill we should be focusing on: money management. According to a 2015 evaluation conducted by the Program for International Student Assessment (PISA), approximately one out of five 15-year-olds in the U.S. doesn’t meet the baseline for financial literacy, meaning they lack a basic understanding of bank accounts, credit and debit cards, and loans. Only 10% understand complex financial issues such as taxes.

Although discouraging, these numbers aren’t surprising. Money is one of those taboo topics that adults don’t like to talk about so it doesn’t come up in conversations with our children. However, we have to put our discomfort aside for the sake of our loved ones and take the lead in helping them become financially savvy. Having a strong foundation that’s based on setting goals, saving money, and avoiding debt may set your children up for success throughout their lives. As they transition into adulthood, most of their major life decisions will involve money, whether it’s managing taxes, taking out a mortgage, starting a business, saving for retirement and higher education, or estate planning. Plus, we might not be able to rely on schools to do it for us. According to the Council for Economic Education, only 17 states currently require students to take a personal finance class and only slightly more (22) require an economics class.

tickertape.tdameritrade.com
Read More

, ,

Why Boys Are Getting More Money Talk Than Girls

This Mother's Day, make sure you are educating your girls about financial literacy too.


Would you explain the rules of crossing the street to your son but not your daughter? Of course not. But in effect, parents are doing just that when it comes to money.

I’ve been writing about personal finance for nearly three decades, but it wasn’t until I began researching my latest book, on teaching money basics to kids, that I stumbled across a surprising fact: Parents talk to their boys more than their girls about money. Let’s call this the money gap.

You don’t need to look hard to find evidence of this divide. Investment firm T. Rowe Price conducts an annual survey of more than 1,000 parents with children ages 8 to 14, studying how they handle money issues with their kids. Over the past three years, researchers asked who parents talk to more about money. While the 2018 survey showed a significant increase in parents who share their financial wisdom evenly between sons and daughters, the overall trend is pretty clear: Boys are getting more money talk than girls.

www.forbes.com
Read More

, , ,

Subscribe to: Posts (Atom)