Women Can Love Investing (Yes Really!)_38

toryburch01

Women can learn to love investing. Investing is a passion of mine. I find it empowering, freeing, and confidence building! You can learn to have your money work for you and make you money, so you're not dependent on working the rest of your life. It's awesome to see money being made with your computer and not from your labor! Once you learn to invest, it's like having your own golden goose. The golden goose provides more money for you over the years and works hard, so you don't have to.
Did you know women are better investors than men? There have been studies of men's and women's investment clubs and women consistently made more money with their investing. The reasoning is that women think through their investment decisions longer before selecting them and hold their investments longer.
Another reason women make good investors is because investing is like shopping. We're used to comparing prices, knowing brands, and watching for sales! Investing is the same way. You figure out what you want and you wait for a good price to buy it. Heck, you do that every week!
Ninety percent of women will have to manage their own money at some point in their lives (the average age of widowhood is 56 - I was age 45). Do you want to learn about money when you're grieving and least able to deal with it or when you choose to?
Making money is simply a function of 3 things: the money you have to start with, the time you have to compound, and the rate you earn. The more of any of those 3 things you have, the easier it is. If you don't have a lot of money to start with, but you have a lot of years before you need the money, or you can compound (earn) a high rate, you can build wealth.
If you want to learn how to swim, you can't cling to the side of the pool. Eventually you have to let go and try to swim. When you get good at swimming, you can eventually go into the deep end. You don't try that on the first day! It's the same thing with investing. If you want to build wealth, you can't keep your money in a savings account. You must give yourself time to learn to invest and let your money create a golden goose for you!
The reason it's important to take some measured risk with your money, is because it allows you to get a higher return. For example, a savings account is paying 1% interest. At 1%, it will take 72 years to double your money. Not a great way to accumulate money to retire [link widoczny dla zalogowanych]! But the stock market has returned 10% on average over the long-term [link widoczny dla zalogowanych], which will double your money in a little over 7 years! That will build wealth - the savings account won't - and you will be able to have a comfortable retirement. That's why you need to invest in stocks!
I often hear women say they don't feel "worthy" of having a lot of money. I think this stems from the fact that women don't know their worth. Studies have shown that men know what they are worth in their job and women don't. At first, it was surprising for me to hear this, but then it made sense. Women are taught to be of service, to put our needs behind others, to be polite, to defer to others. If we translate that behavior to money, it means we won't feel worthy. We give the power away. We will have fears around it and "trust" others to handle it for us. We don't need to do that. Not anymore.
I'm here to say women, you can do it! You can overcome your fear of loss or overwhelm. Investments don't require much time to manage once you've got the hang of it. I spend less than an hour a week handling my investments. More of my time is spent reading about investments and looking for new opportunities than tweaking the investments.
I started in my late twenties with $0 and read lots of books about millionaires and investing. I taught myself how to invest in stocks and became a millionaire at age 38. The next year, I made $1 million in one year! I teach clients exactly the steps I took in "The 8 Steps to Wealth" system. It begins with having a wealthy mindset and ends with creating your legacy. Only one step involves investing! Did you know that you don't even have to have a lot of money to start investing? You can open an investment account online with only $500. There's no excuse not to learn!
If you have a mentor, it can help take the fear of overwhelm away. A mentor can show you how to navigate easily, just like a tour guide can in a foreign country. Over time, you will gain confidence and realize it's not as difficult as you first thought. Like anything with practice, it gets easier - and the rewards are much better! You can learn to build serious wealth which will make your life a lot easier, less stressful, and give you a better marriage and family life.
What is a stock? A "stock" is simply a share of ownership in a company (think of companies like your favorite brands in handbags, shoes, food, etc.). Companies sell shares of stock in their company when they want to raise money. Suppose up-and-coming designer Tory Burch wanted to open boutiques around the world? She could sell shares in her company and raise the money to do that.
The "stock market" is simply where lots of companies are selling shares. Initially they sell shares from their company to raise the money and from there investors buy and sell them to and from each other. It's kind of like eBay, except you're buying and selling shares of companies!
But isn't it risky? Isn't it like gambling? There is risk, but you can mitigate risk several ways - buy spreading it out among multiple companies you own, by buying companies that have a low fluctuation of price, by not owning just stocks and adding in other types of investments. Some people speculate [link widoczny dla zalogowanych], but most people are not trying to "get rich quick", they are investing for the long-term, which is the safest way to invest. The longer you stay invested, the more likely it is you will make money with your investments. If you stayed invested during the crash of 2008, the stock market is up 80% from the low point.
The Dalai Lama has said, "The Western woman will save the world." I believe that's true. Women are cooperative, intuitive, and we like to share with others. I see a lot of women giving to the less fortunate, like helping women start businesses with "micro" loans. The average loan someone in a foreign country needs to start a life-changing business to feed their family is only $27! The women in villages teach others in the village how to run a business, so the effects are far reaching and magnified. My goal is to help 10,000 women start businesses by contributing profits from the Global Institute of Wealth for Women.
Isn't it time you empowered yourself to learn about money and investing? Isn't it time you felt your own worth and independence? Learning to create wealth yourself will do that for you and investing is a way you can build a lot of wealth. You just have to decide to do it and find a mentor to reduce the learning time and improve your success rate. Soon you will have your own golden goose and love investing too!