A Mission, A Purpose, A Journey…

They live longer & earn less than men, so they need to invest wisely for themsleves.

Note: A man is not a financial plan.

While women are generally “good savers”, they do not take the initiative to do financial planning & do not do as much for themselves as they should.

Most women are intimidated by financial jargon, & they get so busy with their families & children.

Financial experts agree that while the steps of building an effective money management plan are the same for men & women, the latter must be even more diligent than men because their risks of financial insecurity are greater.

“Women not just in Asia but also around the world live longer than men & almost invariably have fewer resources than men,” said Insead’s Professor Sarah Mavrinac.

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1) It is never too late.

It is never too late for you to learn how to make smarter moves with your money. There are no stupid questions, only stupid decisions.

2) Acknowledge that your retirement is a reality.

Your retirement will be a reality, even if it may be 30 or 40 years away. It will cost you more money than you could possibly imagine. You wouldn’t want to wait & see if you can play catch-up.

3) “Someday” will be “No day”.

Don’t procrastinate. Do something now. It is entirely up to you to take care of yourself. Commit to saving & investing a small portion of each pay cheque for your retirement before you can spend it. Read the rest of this entry »