Closing the Investment Gap Starts With You

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Taylor Financial Group (for women)

Have you ever gone to the gym but were too afraid to use the weights in front of all the men even though you really wanted to? If there’s one thing I have learned in life, it’s that giving into your fears will never make you a stronger person, not physically or mentally.

For instance, I work in a male dominated field and have been subject to many discriminatory comments about females in the financial industry. But if I had let that stop me, I would have never had this amazing and rewarding career! Men ruling the financial industry can be especially nerve racking for women investors and is one of the reasons an investing gap exists. Here’s how you can help close the investing gap.

Don’t remain in your comfort zone. This is the number one rule- Sitting on your cash isn’t going to close the investing gap. Cash has zero potential to grow over time.  Stocks do! You need to invest, invest, and did I mention invest?! A simple way to start is with a 401(k) retirement account (if your employer offers one). Your money will maintain steady growth and, if your employer provides a match, that’s even better! Who doesn’t love free money? Also, since your contributions are pretax, it can help lower your tax bill.  If your employer doesn’t offer a 401(k) plan, consider an individual retirement account (IRA) outside of work.

Educate yourself and understand the risks before you do anything. As a financial advisor, I can’t tell you how many times I’ve heard prospective clients say that they don’t want to invest simply because they are too nervous or scared to lose everything. But, don’t underestimate yourself. When they do invest, women are rational investors. In fact, they tend to invest better than men, who typically trade too often and make overconfident decisions. The way to get rid of your fear is to educate yourself because education is empowerment!

The bottom line is that it’s important to make investing a habit. Taking just a little out of every paycheck will help reduce investing risks. You are powerful and smart! You might just need a little push, some education on investing strategies, and good advice.

Want to learn more about investing? Join me at my next workshop on April 12th at 6:45 p.m. at the Ridgewood Public Library to learn how you can invest like an insider! You can view our full workshop schedule on our event’s page. And don’t forget, I am always here to help you become a confident investor.

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Your Silicon Valley Bank Questions Answered

You likely have heard about the recent Silicon Valley Bank (SVB) collapse and probably have questions. Here, we provide you with unbiased answers to your questions.

Thinking About Retiring Early? 8 Things to Consider First

Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client).  You may have even gone so far as to take a sneak peek at your account statements …

Weekly Update: February 27th

By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, For investors, it may feel like déjà vu all over again as inflation and the Fed dominate market headlines on a day-to-day basis. After all, the numerous market swings last year were driven by ever-changing expectations around the Fed – …

4 Tips to Take Your 401(k) to the Next Level

Matt Kory, Vice President, Retirement Programs As a retirement income vehicle, the 401(k) is second in popularity only to Social Security – and as CNBC reported in 2019 the number of 401(k) millionaires is at an all-time high. But is a million dollars even enough for your retirement needs? 

1 2 3 224 225 226

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation

TweetsFollow Us