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How Can Women Start Their Investment Journey – Forbes

On a global average, women earn 23% less than men for the same work. Suffice to say, gender pay gap challenges continue to prevail, and until women and men reach parity, it is even more important for women to take on the mant…….

On a global average, women earn 23% less than men for the same work. Suffice to say, gender pay gap challenges continue to prevail, and until women and men reach parity, it is even more important for women to take on the mantle of investing their hard-earned money smartly. The question on the minds of women often is — when is a good time to begin investing?

If you are someone who feels unsure about investing, here’s advice to help you, as a woman, become self-sufficient and own the narrative of your finances.

Why Should Women Start Investing?

The logical justification for why women should invest is simply because men can, and do. But outside of stating the obvious, investments are a great way for women to grow their income.

If a woman is working, for example, she can apportion some of her disposal income each month and put that in markets. This could help her save for many things: a vacation, a degree, a vehicle, or even have extra money saved for a rainy day.

But a woman need not be working to invest in markets. Perhaps you’re a woman who stays at home to take care of her family. Investing in markets is a strong mechanism to earn money for long-term goals your family may have: buying a home or saving for your child’s education fees.

When Should Women Start Investing?

At what age should a woman start investing? Is it when you land your first job? Perhaps it is when you first start making a bit of money? Could it be after a promotion?

The answer, fortunately, is not complex and summarized perfectly by the classic proverb, “The best time to plant a tree was 20 years ago. The second best time is now.” Truth be told, if women were influenced to financially plan their lives earlier, there is no doubt that not only would they be more empowered today but would also have more representation in business environments. While many women are more than fortunate to have found high-growth investment tools when they did, they will tell you that they would be much further ahead if they had pulled the trigger earlier.

With that said, not all forms of investment are indeed ideal for someone starting new. When it comes to investing, some routes are far less challenging, and frankly, less cumbersome than others. After all, who wants unnecessary hassle when it can be easily avoided by just selecting more suitable investments over others?

What Kind of Investments Work Better for Women And Why?

When you first begin investing, do so in a way that helps you get the best …….

Source: https://www.forbes.com/advisor/in/investing/how-can-women-start-their-investment-journey/

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