As a woman, it is equally important to be financial independent.

Being part of the workforce is something and being independent is completely another. More than being independent, women with an independent mindset are rare to find… Or maybe not… We meet them every day at work, on our way to work or maybe even at home only we don’t really realize. 

But, this mostly never translates into financial independence. If a research is conducted across the board, it would be possible that even the most powerful women are dependent on the male members of the family to make financial decisions. This mindset needs to change and we need to change landscape of investing too..

Here are four simple reasons why we need to encourage women to invest OR need more women investors:

Women will make better investors

As per most social scientist’s, women are much more cautious by nature in comparison to men. This translate in their handling of money as well. Women are more vigilant about their money than men to the point of being risk-averse.

Several researches have shown, women (which is a comparatively low number) when get into investing, outperform men often. This is because they avoid taking too many risks, churning the portfolio too many times unnecessarily. This attitude brings result in the long run.

To bridge the Gender Gap

For generations people are fed with the theory that women are not good with money. Due to this mindset, women find money matters complicated and intimidated with the idea.

As income disparity remains a stark reality, women need to know how to grow their wealth more than men. Also, women need to boost their confidence in financial matters. This is possible only through investment. And once they start the process, they won’t find it intimidating anymore. 

Women tend to leave work or take a long sabbatical

Being a part of the sandwich generation, this is a hard reality. To take care of the elderly parents or young children, women often has to leave their career or at least take a sabbatical for few years. This creates financial strain as you move from a double income setup to a single income set up (the difficulty doubles up if the woman is single.) Only say to avoid such situation is grown your money through investing.    

Women live longer than men

Several research show, women tend to live longer years than men. This means that at some point in their lives, many women need to be financially independent. For this, women need to be sensitized about learning to handle their money and need of the wealth growing through investments.

Dilemma of singularly 

Single women and divorcees should be more cautious of their finances.  When you are in a marriage, two people are trying to work towards the same goal. When one stumbles, the other can take up the responsibility. But when you are trying to do the same thing single-handedly it takes double effort. 

Take help of financial advisors to understand the basics of why’s and how’s, and to grow your money in long term.