I have been called to DISRUPT!
Since some of my favorite people are women, I have been posting weekly articles that are specifically of value to them. I hope that they have been useful.Â
Before finding financial freedom, we will all work many jobs. If we must work – we might as well be paid the most possible. This week’s article is on salary negotiation tips for women.Â
Source:Â Womens Wall Street
by Nancie Clare
When you think about your portfolio, do you despair that you don’t know more about what you’re doing? Well, regardless of how uninformed you feel you are, if you’re a woman you’re probably doing better — and making far fewer mistakes — than you think.
According to the Merrill Lynch Investment Managers (MLIM) recent survey of investors, men and women may share the same investing motivations — primarily that of a comfortable retirement — but they differ greatly in the way they approach their goals.
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Source: About . com
Ninety percent of all women become totally responsible for their own financial welfare at some point in their lives, yet women have lagged far behind men when it comes to financial planning and investing. The attitude of many women that someone will take care of their financial needs keeps them from becoming involved in their own financial future, often until death, divorce, job loss, illness or other events thrust them into financial disaster.
Women who do invest tend to be more cautious than men. While conservative investments have their place in a portfolio, investing too conservatively can endanger financial security by not providing adequate resources.
A “Financial Gender Gap” study conducted by Prudential Securities revealed significant differences in how men and women invest. The study places investors in one of the following three zones:
Source: MSNBC
by Jean Chatzky
Why don’t you invest? There are four reasons:
1. Investing bores you. For some women, the mere words “Wall Street” elicit a big yawn. Sixty percent of all women say they want to spend as little time as possible managing their investments.
2. Numbers make your eyes glaze over. If you can’t get past the basic math, it’s very difficult to get yourself to make even the simple decisions, such as how much of your money you want to invest and what percentage of your income it should be. (If I’m talking directly to you, there’s a whole chapter in the book devoted to math anxiety.)
3. You don’t speak the language. I spent a few years working on Wall Street and I remember initially feeling like I was in a foreign country. The terminology — p/e ratio, basis point, Excel — swam in one ear and out the other, and I would reach for the bottle of Advil long before the day came to an end. A huge number of women — 47 percent — feel that way.
4. You’re scared. When you come right down to it, you’re afraid if you invest your money, you’ll lose your money. That’s why so many of you keep your money where it’s “safe” in the bank. Losing money is no fun. But even if you’ve been burned in the past, you have to realize that investing losses are like any other losses. You have to grieve them and move forward. That means determining what you need to do to have a better experience in the future.
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Source:Â WM Financial Services
Are women and men really equal? Not when it comes to investing. If you’re female, here’s the good news: When you invest, odds are you’ll be better at it than your male counterparts. The bad news? You’re likely to need more money to retire—so a solid retirement plan is more crucial for you. Learn more about the upsides and downsides of being a woman and investing.