One of the easiest ways for women empowerment is to make them financially independent. Learn a few basics of money management in this story.
It’s a curious pattern in women that they feel uncomfortable discussing money matters. They don’t like to talk about their finances too. This behaviour lies in the fact that women are socially programmed to display a gentle and suitable code of conduct in front of people and talk about salaries; money negotiations are considered less appropriate for the fairer sex. A survey conducted by a prestigious firm states that even though 80% of women are hesitant to talk about money, however, 92% of women still want to talk about finances.
Therefore it becomes difficult for women to reach beyond the middle management unless they are financially empowered.For instance, the gender pay gap is rampant in almost all professions. If you are as good, experienced, hardworking and productive as your male counterpart, you have every right to address the issue of the equal pay scale to the management.
We give you some practical tips to boost your confidence in money matters and become more decisive about your cash or income.
To develop and sustain financial confidence, you need to work in three steps. First, you should be aware of your life's long-term goals and the role of your money in realizing those goals. Second, a person needs to have financial literacy. Several advisors and experts in the field could help you learn about the nuances of financial economics. Thirdly, you should have complete surety about your advisor before making any sizeable investment.
Tune on to watch financial news for a change. Listen to expert opinions, informative discussions and podcasts to keep yourself updated with the market trends. Several articles, blogs, and research could give you new perspectives, ideas, and education about money. And soon, you could become an expert in your own right.
If you made a bad investment in the past, stop feeling guilty about it. A lot of people lose money in the market. It shouldn’t deter you from taking calculated risks. You could diversify your investments in several areas to make some money in the long run, even if you lose some initially.
Last but not least, it is essential to look for a reliable financial advisor who could be trusted with your hard-earned money. You could ask around your circle to connect you to a good advisor. If you are not sure about something, it's okay to ask every time to be sure about your returns. And you should be more open to discussions around your finances and building financial confidence in return.
