What women should know about managing their wealth
It’s important to celebrate how far women have come when it comes to managing money. Did you realize that 40 years ago, women couldn’t get a credit card on their own or be the sole guarantor for a loan? Instead, they needed their brother, father or husband to co-sign. Now women are owning and running multimillion-dollar businesses and are in charge of the finances for their household.
As women continue to work longer and contribute more to the household finances, we are seeing an increase in women wanting to be more engaged with their money management. Whether they’re single or have a partner, women are looking to be more informed and help drive household decision making.
The one thing that seems to hold women back from starting the conversation with their spouse or a financial advisor is fear of asking the wrong questions. We still see a good number of women who come in and have become disengaged from the financial conversation, largely because there have been communication roadblocks that, over time, have caused them to drop out of the money management process.
We tell everyone that to become comfortable with money management, you first have to get uncomfortable, ask questions and talk out loud about your financial plan.
Click below to hear more as we talk about a variety of topics including how women can approach financial planning, investing approaches that tend to attract women and the one thing women can do right now to take control of her wealth management.
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