Growing up, I was the middle child and the only girl, so I was told “go for your dreams and do what you want to do!” This was of course encouraging, but behind these words there was always the unspoken idea that I would grow up, get married, have a bunch of kids and be provided for by someone else. But things don’t always go as planned and times have changed. Not just for young women and middle-aged divorcees, but women in their 60’s and 70’s are now losing their pensions and finding themselves in situations that they had not planned for.
For some of us, the inability to learn about investing is a lack of interest, a dislike of numbers, a feeling that we're chronically disorganized or don’t have time, and the perception that managing the money is something our husbands want to do (or, just as often, feel they should do).
Women are marrying later in life, getting divorced more frequently and outliving their spouses by an average of five years. As a result, nearly 90% of all women will be solely responsible for managing their finances at some point in their lives.
Unfortunately, many women become involved for the first time during a crisis such as a spouse’s death or divorce. It is far better to know how to manage your money before you have to, rather than learning it under stress and on the fly when something bad happens.
By not learning about investing, we could be robbing ourselves of a good shot at earning some extra money (unearned income). We need to learn to allow our money to work just as hard as we do, so that we can feel financially secure. If we don't learn more about investing, then the only money we will have is the money that we earn from working. Moreover, if we don't invest, the money we earn actually loses value over time. If we do nothing with our money, inflation and taxes diminish our dollars, so they are worth less tomorrow (and the tomorrow after that).
Take advantage of the opportunity to join us on Thursday, August 16th, to learn more about investing and achieving your financial goals. Our seminar starts at 6:00 pm at Hawthorne’s Naperville Branch, located at 1519 North Naper Blvd, in Naperville. Click here to register for the seminar today.
Thursday, July 19, 2007
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