What We Can Learn from the Boston Marathon

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)

My favorite quote is prominently displayed in my office – it says, “The man who said it couldn’t be done, should never interrupt the woman doing it.” A New York Times article I read this week about the Boston Marathon, which took place last week, reminded me of this very quote. This year, Marathon Monday (as they call it) was a rainy day with freezing temperatures. I have to admit, I was amused when I read that men dropped out of the race at a faster rate than women simply because of the cold and rainy conditions. (I also rolled my eyes so hard, I think I saw my brain.) While there’s no exact reason why less women dropped out, I do agree that it can be attributed to women’s high pain tolerance (hello childbirth!), body-fat composition, and decision-making tendencies. If only women would more consistently take this same determined approach – the will power, strength, confidence, and motivation – toward investing and planning for their future.

 

Women need to put their money to work! Sadly enough, women don’t see themselves as good investors. Many women feel that they don’t have the time, that it’s too boring, or that it’s a man’s job. But, just like in the Boston Marathon, women need to remember that they can be just as strong and powerful as men, and often better. Instead, women tend to delegate investing to the men in their lives without having any real clue what is happening with their own money. The problem with that is that women will have a very difficult time becoming financially independent and taking on financial responsibilities if and when that time comes, which could severely impact their future.

The good news is that women have all the same tools men do to become successful investors. The women in the Boston Marathon clearly understood that they were just as capable as the men. In fact, they believed they were more capable! And, the truth is that this reality should be carried throughout every aspect of our lives. In my experience, women see investing as a form of security rather than a way to become rich. We are more capable of removing our egos from the equation. We are also patient and tend to exhibit more self-control than men. Men, on the other hand, tend to be riskier with their investments, and while those choices may work at times, it’s important to make informed and thoughtful decisions, which I see women do more often than men. And we are not afraid to ask questions and do our research. These qualities are what make women prudent and good investors!

Don’t doubt yourself! You can take control of your future, and we’re here to help you do that! Receiving professional advice and guidance is an essential part of planning for your future. So, don’t hesitate to give us a call to make sure you’re on track to pursuing your goals.

Attend our workshop on Monday, May 14th at Fair Lawn Public Library so you can learn how to invest like an insider! To view our full workshop schedule, click here.

Sources:

Why Men Quit and Women Don’t, NY Times, April 2018

New York Post, April 2018

 Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity.

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

Let’s Talk About Midterm Elections and Your Investments

This week was midterm elections and we’ve had many questions about what it all could mean, which we’ll tackle in today’s blog. We consider it a great honor to vote, and while we may not know the final results of the election for days (or even months), what we do know is the election will …

Traditional IRA & Roth Conversion

If you have a Traditional IRA, you may benefit from doing a Roth conversion this year (and if you already performed a conversion this year, you still have time to do an additional conversion before year end). We typically favor Roth IRAs (over Traditional IRA balances) as Roth IRAs grow tax …

3 Nontraditional Ways to Give That Still Qualify for a Tax Deduction

Kevin Oleszewski, Senior Wealth Planner ‘Tis the season to give. In fact, 37% of charitable giving occurs during the last quarter of the year — 20% of it in December alone, according to a survey conducted by the Blackbaud Institute. And while the holidays are traditionally a time to reflect …

Considering Tax Loss Harvesting? What You Need to Know First

Kevin Oleszewski, CFP® Senior Wealth Planner As the tax year draws to a close, many high-income investors will look to reposition their portfolios to intentionally generate losses as a way to offset gains — an investment strategy known as tax loss harvesting.
1 2 3 218 219 220

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