Why Women Need a Financial Strategy- Reason #2
When it comes to planning for the future, everyone needs a financial strategy but for women it is even more critical. Over the years, women have made significant progress in the economy and the workforce and continue to make impressive financial gains. However, with all the success and opportunity for women in the marketplace, a lot more responsibility is added when it comes to money and financial decisions. Women still face many financial challenges and because of these unique challenges they need a clear financial direction to feel more in control of their financial future.
Regardless of what stage of life you are in, starting your career, getting married, buying a home, raising kids, starting a business, approaching retirement or already retired, you need a financial strategy to help you feel more optimistic about your financial future.
Last week, I posted Reason #1 in my opinion why women need a financial strategy. Here is Reason #2:
Reason #2- Over 40% of Americans with assets of over $600,000 are women.*
Women on average live about 7 years longer than men, so the probability you will control the wealth either now or sometime in the future becomes significantly high. If you start planning today and learn basic money management skills, you will find yourself more confident handling your assets either now or in the future.
If you would like more information on how to become a Financially Wise Woman, please request your copy of the Financially Wise Women FREE EBook or contact me via email at Brttney.Castro@LPL.com
*Fara, Warner, The Power of the Purse: How smart businesses are adapting to the world’s most important consumer-Women, Pearson/Prentice Hall, 2006.