Women today plays a greater and ever increasing role in the society, be it within a family, or as an executive, a business women, working professional, a mother or a wife. With these, they also face a multitude of risks, whether financial or emotional. The need for being a financially more independent is the call of the day, and one cannot ignore the financial contingencies that women faces today in a more dynamically challenged society. And with this comes the requirements of sound financial planning taking into account the various risks that a women faces and hence, starting a step by step investment and financial planning is an absolute necessity. India, now shedding her age old traditions due to more economic and social liberalizations is going through fast transition into a more developed and responsible society.
The question is-How women stand out today? What are their needs and monetary requirements? How secure are they financially and emotionally and what are the financial risks they face?
In India, usually a daughter's marriage costs more than that of a son, and even after a successful marriage, there remains a chance of the marriage breaking up in the early years. The partially separated or divorced woman has to face serious financial contingencies if the back-up support is not adequate, or the family derived assets are not enough to meet the requirements. It even becomes more complex if the women have a child, and still wants to stay independent from her family, father, brother or her maiden house. It is on this context that a sound financial planning to become independent is required.
The Risks that women face in India are multitude:
Financial and social insecurity
Emotional risks due to lack of properly financing the cost of bieng independent, if not employed
Family squabble and separation
Medical & Health Risks
Child Support and Child education
Unequal Asset/Wealth Distribution
Lack of proper Insurance support
Asset Imbalance
Old age support
So what would a woman do to mitigate these risks? Simply start thinking about owning more and knowing what to do with her assets, money and other wealth, whether derived or earned and also 'Understanding' how to create wealth and increase her own financial strength. Women are playing more dynamic role in the society by taking brave, independent decisions to support their plans. But it is also true that they are less aware of increasing their wealth through various options available to men, like trading and market participation, as depicted by Mr. Anil Rego, CEO, Right Horizons. It’s unfortunate that dependent women, even today needs approvals for any proposed expenses that they might have planned for. And to fulfill these monetary or other requirements, every woman needs to have a safe-haven of 'wealth-basket'. Working women have become more independent in their choice of living standard and family planning, but how they fare in financial planning? Do they still rely on their spouse for investment decisions? Certainly, they have every right to ask 'what their money is doing and how much did it do?'
It seems they still follow the same age old traditional methods of saving into fixed-income low-yielding instruments. But there are various instruments that yield high dividends and have higher earnings possibility out there, like corporate bonds and others. So why not take a break? Do you know that owning a real estate can mitigate, empower and strengthen mental and financial security more than anything else? But real estates, though appreciates in value, are highly illiquid, and so, in time of urgent need, one needs to have more money in hand and into highly liquid assets like liquid mutual funds, FDs/CDs, gold or gold funds and even securities investments that are somewhat liquid and of course, some cash.
To see out that works out and the asset allocations read more of this……..below
The question is-How women stand out today? What are their needs and monetary requirements? How secure are they financially and emotionally and what are the financial risks they face?
In India, usually a daughter's marriage costs more than that of a son, and even after a successful marriage, there remains a chance of the marriage breaking up in the early years. The partially separated or divorced woman has to face serious financial contingencies if the back-up support is not adequate, or the family derived assets are not enough to meet the requirements. It even becomes more complex if the women have a child, and still wants to stay independent from her family, father, brother or her maiden house. It is on this context that a sound financial planning to become independent is required.
The Risks that women face in India are multitude:
Financial and social insecurity
Emotional risks due to lack of properly financing the cost of bieng independent, if not employed
Family squabble and separation
Medical & Health Risks
Child Support and Child education
Unequal Asset/Wealth Distribution
Lack of proper Insurance support
Asset Imbalance
Old age support
So what would a woman do to mitigate these risks? Simply start thinking about owning more and knowing what to do with her assets, money and other wealth, whether derived or earned and also 'Understanding' how to create wealth and increase her own financial strength. Women are playing more dynamic role in the society by taking brave, independent decisions to support their plans. But it is also true that they are less aware of increasing their wealth through various options available to men, like trading and market participation, as depicted by Mr. Anil Rego, CEO, Right Horizons. It’s unfortunate that dependent women, even today needs approvals for any proposed expenses that they might have planned for. And to fulfill these monetary or other requirements, every woman needs to have a safe-haven of 'wealth-basket'. Working women have become more independent in their choice of living standard and family planning, but how they fare in financial planning? Do they still rely on their spouse for investment decisions? Certainly, they have every right to ask 'what their money is doing and how much did it do?'
It seems they still follow the same age old traditional methods of saving into fixed-income low-yielding instruments. But there are various instruments that yield high dividends and have higher earnings possibility out there, like corporate bonds and others. So why not take a break? Do you know that owning a real estate can mitigate, empower and strengthen mental and financial security more than anything else? But real estates, though appreciates in value, are highly illiquid, and so, in time of urgent need, one needs to have more money in hand and into highly liquid assets like liquid mutual funds, FDs/CDs, gold or gold funds and even securities investments that are somewhat liquid and of course, some cash.
To see out that works out and the asset allocations read more of this……..below
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