Many women enter a job market right after school and jump right into life feet first. Money comes in from a job, then goes right out to liabilities, food, entertainment... all necessities and pleasures in life. This is often called being stuck in a "rat race". Every month is the same thing... money comes in, money goes out. Once you're stuck in it, it's very difficult to get out. But not impossible.
Now, money you make in your job is dependent on your ability to perform a task or function and amount of time put into that task or function. Essentially, it is trading time for money utilising a learned skill. But this can't possibly go on forever, can it?
In addition not only are we paid less for the work performed, we generally take time out to raise children and/or look after our parents. And when we don't invest in things that will bring in income whether we work, not work or can't work any more, we don't have anything to help us live as comfortably as we are today.
Until most women get into a career role that offers good benefits (including a work related retirement fund), money is rarely put towards investments. Money is made and spent as fast as it's made, giving a women necessities and comforts of life at the time - and then some, but not allowing much for a prosperous future once our income stops.
Every women at some point in their life must face the reality that a job or even a partner is not going to give us everything we want or need in life - especially a life after retirement age. Investing is something best figured out early in life.
To understand how important investing is, you must first understand what investing is. An investment is a method of making money from a one-time effort. Sometimes this effort can be intense and take some time, but it can provide income for many years to come without having to put forth that same effort or time.
If you research to buy a house to use as an investment, you only have to do that research one time. Once you buy an investment, it will make money for you with very little effort. If you write a book and sell it online, you only had to write a book one time-it will make money for as long as it is active on a website or in a bricks and mortar book store. If you research a company stock and find the right one, you invest some money in it, money then starts doing work and then making money without you having to do anything.
These are just simple investment examples that do take some effort. The point is that making money from investments is a lot easier than making money at a job if you know what you're doing. A huge difference between an investment and a job is how much time and effort someone has to put into making money. The cool thing about investing in the stock market (whether it be traditional buy/hold/sell trading, retirement fund investing such as ISA's or 401K, or options trading) is that you only have to learn how to do it once, keep repeating what you learned, and let each dollar you invest do all of the rest of the work for you so you can enjoy life as it was intended.
Of course there is one HUGE problem that every women faces before she can invest. Where do you get money to use to make money? When living life in a "rat race", you eventually get caught up in an impossible circle that is very hard to get out of.
Don't worry!
You have money... you just don't know it yet!
There are ways to make a few changes in your life to start building up "capital" for investing - no matter what type of investing you are looking to start. It will be slow at first, but it will definitely morph into something you won't believe possible.
One way to build up investment capital fairly quickly is opening a "Round Up" Savings Account. This type of capital growing account actually helps you save and build money based on your every day purchases. You attach your bank accounts or credit cards that you spend money on to your Round Up account and for each purchase you make, this account rounds up to the nearest dollar and deposits that rounded up cash into an investment platform that helps your savings grow faster. Not much work, is it? This special investment account does the rest.
For example, if you spent $20.57 on something, it rounds that up to $21.00. The round up, or $0.43, is placed in your account which is divided among several stocks based on account settings.
If you make 50 purchases from your checking account in a month averaging $0.35 a round up, you will save $17.50 in that month. That's $210.00 in a year saved just by rounding up these purchases.
Money invested in this round up account goes up and down with stock market movement. At 5% gain in a year, it will go up by $10.50 more. And some stocks that your money is invested in earn dividends that are automatically reinvested into your account.
This doesn't sound like much, but over time, it will continue to grow. This is an investment in itself and can grow pretty fast if you are consistently adding to it. If you have extra money you'd like to save during a month, you can also make deposits to apply them to your account to grow your account even faster.
A Round Up Savings Account is simply a stepping stone to get you to a higher level of investing, which can be a stock trading, option trading, a retirement investment account, real estate, or anything else you can invest that money in to make more money.
Once you build up some good investment capital in your Round Up account, you can withdraw it whenever you want and use it to purchase assets (things that earn you money - unlike liabilities where you lose money) or to invest in stocks to make even more money over time.
Article Source: https://EzineArticles.com/expert/Jason_Moser/18449
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