09 November 2012

Make Money Investing

During this time, many families turn over financial affairs, such as money investment and pension funds, to husbands aka men. In fact, according to the Investor Education Fund, a non-profit financial institutions origin Ontario, Canada, it is the women who have to prepare it more than men.

Because when it comes to pensions, the women will face many gender barriers. For example:

1. In many countries, both developing and developed countries, women often pay less than men. Not only that, because over time, the difference in salary that will be getting wider and career opportunities will be fewer.

2. The woman is the one who take care of children and older people, causing them often do not come to work. As a result, their salaries are also reduced as a consequence.

3. In general, women live longer than men. That is why they require a longer retirement planning timeframe.

4. Some studies say, women often lack confidence when dealing with making a decision to invest.

Based on the above, then consider the four tips that women can prepare for their future is more secure:



Understand how much money you have to jar to financially secure retirement. Estimate how long you will live, by considering your current health condition. For example, assume you will live to age 90. Then think about what kind of retirement life you want, and how much money is needed to enjoy the lifestyle. Then, determine how much money must be saved each year in order to achieve that goal.

Do not rely on your partner's retirement plan. Take control of your own financial future: While never too late, it is important to save a consistent, disciplined with money and still run a financial plan so that your unique needs are accommodated in the future.

Make money endless. One major concern of retirees is how to make their money endless. The best plan is to have enough savings so that you can live only from investment income and profit growth. That is why, choosing investment instruments is essential. Ask the following: Do I need to invest in a savings or growth?; How do I balance risk and profit?; What does it cost to invest? From there you can look for ways to increase savings level of risk you are comfortable. Because, if you do not dare to take risks in investing, your savings will not reach the desired amount.

Learn investments. The more you read about something, the more familiar you are with the investment anyway, and its effect on the overall condition of your finances. Do your research and understand the role of retirement planning and make money investing.

Well, after the women started to invest, they are - statistically - investors usually smarter than men. That's because women are more patient and think long-term, while men are more aggressive and more like a short-term perspective.

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