Financial Advice For Single Women

Financial advice geared toward single women is more important than ever before. 

Roughly one-quarter of all households are currently headed by a single woman, with family sizes ranging from no kids to with kids. It might seem financially unfeasible for one woman to raise children on her own. Further complicating the situation is the fact that the majority of female-led households have a smaller income and smaller savings than households of similar size led by men or couples. 

Although no one likes to think that there is such a clear difference between income levels based on sex, most single women do have a more difficult time making ends meet; they make roughly half of the national average for other households of their size. Whether they are experiencing discrimination in the workplace, struggling to raise a family, or dealing with the aftereffects of divorce, it can be difficult to gain a solid financial foothold in today's economy and society.

Fortunately, there are organisations such as Femvestorsglobal who specialise in assisting women who support themselves financially. In addition to taking a unique approach that makes it easier to save without substantially cutting back living expenses, they can provide more realistic solutions for the long-term, as well - ones that take into account the struggles of getting by on one salary when faced with rising healthcare and childcare costs.

What Can Single Women Do to Save? 

The most important thing single women can do for themselves financially is to simply do something. It may not seem like much, but even sitting down and creating a list of goals for the future can be a vital first step. 

Step One: Figure out your current financial situation. 

How much money do you have coming in every month? How much money is going out? Where are there potential areas to start saving - even if it's as little as a few dollars per month at first? 

Step Two: Find a way to save. 

In order to get started on most savings and investment plans, you can have a small amount in hand. We  will be able to help you discover where to cut back to make those savings so that you can start investing earlier. 

Step Three: Invest. 

Single women without kids tend to be bigger risk takers than single women with families - at least when it comes to investing. That's because they don't necessarily have the day-to-day pressures of taking care of children. But the good news is that there is no one answer for single female investors. Whether you want to take advantage of a high-risk investment or you'd rather rely on low-risk bonds, there are financial solutions that will help you get the results you need - many of which you may not have considered before. In fact, some single women are surprised find that purchasing a home or making another large "dream" purchase can not only create a better standard of living, but can also be a sound financial investment. 

Finding the Right Financial Advisor 

Choosing an advisor to help you make smart decisions for the future is much like choosing someone to date; not only do you need a relationship you're comfortable with, but you need to feel confident that your advisor is doing everything he or she can to create the best possible outcome for your entire family. 

Ladies- this is where Femvestorsglobal can support you.

Article Source: https://EzineArticles.com/expert/Wesley_Watkis/362080

Women Over 50 - 5 Tips For Financial Independence

Financial independence is the goal of most people especially as we approach retirement. Once we can see that turning

retirement age is just around the corner, thoughts of financial independence seem to become more frequent. Unfortunately, some of these thoughts are more than that. 

They are mild forms of panic attacks and financial anxiety, especially if the retirement nest egg isn't looking great. 

While these concerns affect all people, women over 50, especially those who are single, becoming financially independent is important for our survival, if we are desiring a comfortable retirement. And why shouldn't they be. 

Working for most of our life, retirement should be a reward for our hard work. But if the retirement pot is a bit empty, what can we do to fill them so that our senior years are not on "Struggle street".

For women over 50, here's 5 tips to help you create financial independence: 

1. Create More Income 

Yes it is easier to create wealth by having more income or a higher paying job. However, for women over 50 it is sometimes harder to move into a higher paying job- based on our age, qualifications or prolonged employment gap if we took time out to support family members. 

Perhaps an online or home based business could provide some extra cash, or a part-time job. 

2. Invest Your Surplus 

There are many courses and associations to assist women over 50 to learn how to invest their surplus income to provide for a better retirement. Look for such associations in your local area and start taking an interest in the share market, cash management funds and real estate. With time this surplus correctly invested will compound to build you a nice nest egg.  Femvestorsglobal is an amazing support network of women, in terms of commencing your investing journey. We hold your hand along the journey so you can take control of your finances sooner rather than later.

3. Money Is Taxing 

Make sure you have a good accountant and/or tax advisor to give you great advice on the best investments offering the best tax advantages. While women over 50 need extra income to invest, it is also important to cut your expenses especially by paying lower taxes.

4. Get More Out Of Your Time 

Having more time is a dream of most people. But there is only 24 hours in a day. How do you maximise your time especially with earning money. You engage the power of leverage. 

If you can earn additional income over and above you main job' you will create more wealth. But you are still exchanging your time for money. And there is only one of you. 

What if you could 'employ' a team of people whereby you could earn a percentage of their income. As well as leveraging people you can also leverage time - more specifically time zones. Why not have your team not only where you reside but also in different states and countries. So when you are asleep, your team members in another country are working and you're earning as well. Home based online businesses can offer such an opportunity.

Alternatively, (and I appreciate this is not for everyone!), you could relocate overseas to a country with not such a higher standard of living, so you can accumulate more money with an online business. You have the ability to work anywhere, whilst reducing your monthly out-goings/bills. Ultimately, our money will go so much further,

 5. It Takes Two To Tango

Going solo in life does have some advantages, however, it can also have it's limitations. Creating wealth or extra money can be one of those limitations. 

Sharing experiences and creating opportunities to jointly build wealth is more enjoyable when you're not on your own. 

Note that Women over 50 should never have a sub par retirement. There are ways to ensure this doesn't happen. 

The great opportunity is that there is still time for many of us over 50 to have financial independence. We just need to take action sooner rather than later.

Article Source: https://EzineArticles.com/expert/Greg_N_Reed/245120

Ladies - When Are We Going to Wake Up?

Today's' woman has the all the options in the world, or do we? After all "We've come a long way" But we need to ask ourselves, "Where have we come to?" 

Please read the following statistics: 

• 49% of women over the age of 50 are single and it's on the increase

• Women's retirement income is 26% less than that of men

• 50% of 1st Marriages end in divorce

• 60% of 2nd Marriages end in Divorce

• The average female is expected to remain in the workforce until 74 due to a lack of financial resources

• Married Baby Boomers are expected to outlive their husbands by 6 years

• Of the elderly living in poverty, 3 out of 4 are women. 80% were not poor when their husbands were alive

As women we need to stop making excuses and start playing catch up! 

We cannot count on our husbands, our retirement funds or a Life Insurance policy to take care of us post our working years

The good news is that no matter what your age, there are many great vehicles to help you amass a sizable nest egg which can be invested into a cash flow vehicle

This means you will have additional income which will arrive each month to spend or save as you need. Convinced? Great! 

The next thing you will ask is "Where do I begin?" Glad you asked, if you follow these simple steps you will begin on the journey to financial freedom

1. Stop making excuses. I have heard it over and over "I am not smart enough" or "I don't have the time". Picture yourself in a dingy apartment eating cat food, and you will change your mind

 2. Self-educate 

3. Learn from others

4. Get out of debt

5. Don't put all your eggs in one basket. Get into investing- Real Estate, Index funds, ETF's, stocks to name a few. This is how all millionaires become wealthy. Your goal is to derive income from multiple sources 

6. Personal Development. You have to change your mindset to believe you are worthy

You need to understand how you got to where you are so you do not repeat your mistakes 

If you have a poverty mentality-get rid of it! 

If you are addicted to shopping, find out why and overcome it! Your only hope of success is to change your mindset. 

Remember the definition of insanity is doing the same things over and over and expecting different results! 

These 6 things are a good start to get you on the road to wealth creation. 

If you don't look out for yourself financially who will? 

Don't expect family or the government to be there

Make a change now or live with regret

Article Source: https://EzineArticles.com/expert/Sheila_Carothers/51874