Three More Reasons Women Should Invest
Taking Control of Your Financial Future
One obstacle for many women in the corporate world is the glass ceiling myth. The glass ceiling professes that because of our gender, women can only move so far up the corporate ladder.
In the world of investing the markets don’t care if you’re female or male, black or white, a college grad, or a high school dropout. The markets only care about how smart you are with your money. The key is education and experience. The smarter you are with your investment choices, the greater your success as an investor. There are no limits, no ceilings, glass or otherwise, for women in the world of investing.
The following are three reasons why women should become investors.
No limits on income
Because of the glass ceiling and because of the still-present wage inequality between men and women, a woman is often limited in the amount of income she can make. Studies show that women, with the same education and experience as their male counterparts earn about 74 cents for every dollar their male peers earn. In investing, the money you can make is unlimited. You are completely responsible for and in control of the amount of money you make as an investor.
Since I didn’t want anyone telling me how much money I could make, having no limits on my income appealed to me greatly.
Personally, I think this is one of the greatest benefits to women investors. It’s not unusual for a woman’s self esteem to be linked to her ability to provide for herself. Being dependent on anyone for your financial life can lead to a reduced sense of self-worth. You may do things you otherwise would not do if money were no issue.
I’ve seen women’s self-esteem soar once they know how to make it on their own financially. And when a woman’s self-esteem rises, then the relationships around her tend to improve. Her life improves overall because she feels good about herself, and she is making choices that are genuinely true to her. With every little victory you accomplish, your confidence increases. Increased confidence leads to higher self-esteem. Higher self-esteem leads to greater success, which ultimately leads to the greatest gift of all – freedom.
Control of your time
One big impediment women have (often more so than men) when it comes to investing is time. This is especially true for mothers who often spend many waking hours taking care of the children. I hear from many women, “After I come home from work, I have to get dinner ready, help my kids with their homework, and clean up the dishes. By the time everyone’s in bed and I have a free moment to myself, I’m exhausted!”
As an investor you are in control of your time. Investing is something you can do part time or full time. It is something you can do from home, from the office, anywhere. It is also something in which you can include your children. Many mothers have told me that they take their children to look at properties or potential business investments. And a big plus is that when you include your children in the investment process you are actually teaching them to be investors as well. You become a teacher just like Robert’s Rich Dad was to him.
I do not have children, but I certainly understand the desire to spend time with one’s kids. To watch them grow. To be present for all their “firsts.” That’s one of the best freedoms of all – time. Being an investor allows you to spend your time how you want – whether it’s with your children, with your spouse/partner, on vacation, or looking at potential deals. You are in control of your time.
The gift of investment
These reasons support why women and investing go hand-in-hand. The statistics prove how much times have changed for women and point out that our need for real-life financial education is no longer a luxury, it’s a necessity. Depending on someone else for your financial future is like rolling the dice in Las Vegas these days. The reward may be there in the end but the risk is steep. Glass ceilings and limits to income are what so many women have been fighting against for ages. Both disappear in the world of investing. And then two of the greatest gifts of all—a higher sense of self-worth and time to spend exactly as you want—can be yours.
Today, investing is no longer just a good idea for women. It is a must-have. I encourage you to start today.