Financial freedom has become the norm. Of course, this is subjective and can mean different things to different women. For a working woman, this can mean the freedom to decide financial matters or support herself.
Since the dawn of time, investing has been considered the preserve of men, and historically, women have avoided it. As a result, women have not accumulated as much wealth as men, despite the fact that women have a natural sense of saving. A significant percentage of women lack self-confidence and always rely, wholly or in part, on the men in the household to decide financial matters.
The good news is that the tide is finally turning!
More and more women are beginning to realize the importance of being aware and responsible for their financial well-being. Financial freedom has become the norm. Of course, this is subjective and can mean different things to different women. For a working woman, this can mean the freedom to decide financial matters or support herself.
For a housewife, this can mean choosing to spend money when she wants or being able to get by in times of crisis. Overall, financial independence is what makes women feel more secure and respected, regardless of socioeconomic background.
What led to this shift in perception?
Slow but steady exposure to multiple investment avenues along with more women establishing themselves in the sector has helped boost morale immensely. This in turn has intensified women’s financial engagement as they now have a holistic approach to job security, financial stress and the daily demands of life and family. They now make finances their top priority. In addition to saving for a rainy day, they are involved in creating financial plans and strategies, transforming themselves from savers into investors.
The very good news
There’s no denying that the real game-changer has been the plethora of investment opportunities available to you, some even just for women. With easy access and readily available information at your fingertips, you can now start leveraging technology to effectively manage your finances. From investment advice and SIP management to ELSS, mutual funds, IPOs, stocks, FDs, NPS and PPFs, you’ll be virtually spoiled for choice. . And for that, you don’t need to be a financial expert.
There are professionals ready to provide the right kind of advice and recommendations. blinktradeX, for example, is the latest entrant to the market, armed with state-of-the-art technology and advice, as well as support from industry experts at JM Financial. It offers in-depth analysis and research-based advice on stocks, IPOs, mutual funds, and virtually everything under the sun. You can now use your money to actively earn money. Any money not earmarked for emergency savings is worth investing to reach its maximum potential.
To be engaged. To be coherent. Budget stipulations, investment opportunities and the ability to manage money wisely are not acquired overnight. Learning and assimilating information requires effort and an open mind. Keep in mind that investing is a personal activity; no strategy works for everyone.
Simply put, you need to move towards financial freedom in its truest sense. Don’t just make money, but instead focus on ensuring that hard-earned money is allocated wisely and invested in the right direction to pave the way for long-term wealth creation.
So don’t delay any longer.
All it takes is the first step.
The author, Shweta Papriwal, is Vice President of Marketing, Content and Communications, BlinkTradeX, JM Financial
First post: STI