The other day I read a report which says, of all the assets controlled by women, 71% is in cash – aka not invested! Upon more talking and reading I understood, most women don’t think they know enough about investing and growing their savings; therefore, women wait to start investing until they feel more comfortable with investing and taking matters into their hands.
Ladies, don’t put your financial security at risk
Numerous studies suggest that women often defer to their spouses or partners when it comes to making long-term financial decisions, a choice that can put them at a distinct disadvantage in the event of divorce or death of a spouse and significantly interrupt a woman’s financial path.
Closing the gap
Women need to educate themselves about how to mitigate things like illness and the loss of a partner and talk to an expert about things like estate planning, life and health insurance, investing and retirement planning. The more informed and prepared women are for these things, the better they will feel, and the more protected they will be.
