|Updated: August 12, 2004 |
Women and the EconomyPlanning for One's Financial Future
Today's women have money and influence. More than 60 percentof American women are employed outside of the home, earning acollective $1 trillion annually, according to the U.S. Bureau of LaborStatistics. Women-owned businesses now number 9.1 million, employ morethan 15 million workers and generate nearly $1.4 trillion in sales.
But don't let those figures fool you. Women with high-poweredcareers and wealth should not be the only ones to concern themselveswith investing. Don't drop the ball when it comes to planning for yourfinancial future while juggling day-to-day career demands with one handand family obligations with the other. Think of the financial arena interms of your everyday lives.
Based on the realities of today, it's vital that womenrealize the importance of having their own financial goals.
Take these startling facts for example:
But women can take action now to develop an investment plan.
The following steps can help you form a retirement plan thatcombines Social Security, a company retirement plan and personalsavings:
Learn about investments Attend an investment seminar, read books and magazines and join aninvestment club.
Use an investment professional for guidance
Invest systematically While this method does not guarantee a profit or protect against aloss, the best way to save is to establish an automatic investment eachmonth.
Every woman is responsible for her own financial future. Bytaking thefirst steps today -- by learning about investing, setting financialgoals, developing an investment plan and putting that plan into action-- you can face the future knowing you're well-prepared for whateverlies ahead.
This post has been edited by County-line: 22 December 2004 - 01:11 PM