GRAND RAPIDS, Mich. (WOOD) Right now, women control $14 trillion in personal wealth assets. By the year 2020, that number is expected to go up to $22 trillion! Also, 95% of women will be their family’s primary financial decision maker at some point. These reasons are just a few of why it’s important to focus on women when it comes to investing.
Centennial Securities says a good starting point for women to begin educating themselves on investing is to check out financial media and websites. Centennial Securities’ website has educational information and newsletters. They also recommend the book by Barbara Stanny called, “Prince Charming Isn’t Coming: How Women Get Smart About Money.”
You could also get advice from a professional financial adviser. Once you connect with someone with whom you feel comfortable, you should make a list of your financial goals before the first meeting. Then you and the adviser can develop strategies to meet those goals. One place to start is the American Savings Education Council’s website. It has hundreds of financial calculators to help you set goals and develop a plan.