In human’s life, welfare is not only a matter of physical and mental, but also financial. Paying attention to financial conditions also shapes well-being in your life. One important key to achieve financial prosperity is to invest. However, many of the women stopped investing for their future. In fact, placing income on savings only provides a small interest. Thus, women should have investment to save their future.
Reporting from goodhousekeeping.com, Helena Morrissey, founder of 30% Club and author A Good Time to be a Girl, said that women must go beyond investing.
Morrissey, who is also the head of investment at Legal & General Investment Management, said that investing can put women in a stronger financial position.
Inventing is profitable and sentimental
There is no period in history where people are not better off by investing, so your money will grow. Although there is no guarantee for the future, investing can be profitable and detrimental.
If you think (saving) cash is better because the risk is low, think again because there is inflation, so you will get less profit.
Unless you earn interest higher than inflation, you can lose money by saving your money. Thus, in terms of saving for the long term, investing can make money work harder for you.
Why should women invest?
According to Morrissey, women are actually good investors. However, women often tend to be anxious and often believe that investing is too risky.
Investing is not like gambling and is not that complicated when you start. In fact, when women have started investing, they will invest well.
Additionally, it takes time to build wealth, but think about this like exercise, you can’t be a good marathon runner overnight.
