Years ago, as an investment banker and later manager of a major Broker-Dealer, I gave workshops and seminars specifically geared toward women. As a general rule, wives tend to leave the really important money matters to their husbands, while they take responsibility for daily issues (groceries, household bills, etc.). Then, they have to travel unfamiliar territory if suddenly widowed, and not necessarily emerge unscathed. I saw this happen far too many times.
Because women statistically outlive men, they should be taking charge of their finances, learning as much as possible about investments, insurance, taxes, estate taxes, living wills, etc. so that they can be prepared for life events.
I'm still surprised at how many young women tend to ignore their financial future.
Trivia: some of the most successful investment clubs are women-led.
Good for you for taking the initiative to educate yourself - and, ostensibly, your children. :)
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Years ago, as an investment banker and later manager of a major Broker-Dealer, I gave workshops and seminars specifically geared toward women. As a general rule, wives tend to leave the really important money matters to their husbands, while they take responsibility for daily issues (groceries, household bills, etc.). Then, they have to travel unfamiliar territory if suddenly widowed, and not necessarily emerge unscathed. I saw this happen far too many times.
Because women statistically outlive men, they should be taking charge of their finances, learning as much as possible about investments, insurance, taxes, estate taxes, living wills, etc. so that they can be prepared for life events.
I'm still surprised at how many young women tend to ignore their financial future.
Trivia: some of the most successful investment clubs are women-led.
Good for you for taking the initiative to educate yourself - and, ostensibly, your children. :)
August 12, 2008 - 8:06pmThis Comment
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