Time has changed now, both men and women are progressing in their career with equal opportunity. For leading successful and prosperous lives, women should invest more for creating their own corpus. It is evident that women aren’t investing their money proportionately. Healthy savings is backbone for future happiness. If you save for future, you feel more secure but still many women prefer to keep their money in cash and some say they’ll invest only when they’ll earn more because they are not enough financial literate to take decision. These are the reasons why women are lagging behind in investing.
In this 21st Century most of the women are educated, they plan their careers but when it comes to investing , women don’t put that much care and effort. Generally, it is seen that there is a gender pay gap in India and apart from that women are less organized than men in terms of investing and other retirement measures. In addition to the gender pay gap women are more likely to leave the workforce to provide unpaid care work for children and other family members.
Now, if women can work out on few general basics of investing, they can prosper with their objective of investing for retirement. These are:
- Start early with investing small and consistent for long term.
- Gradually increase the proportion of investment.
- Plan retirement in advance.
- Identify needs and wants and then only invest in physical assets.
