What does it take to build wealth?
Confidence, experience, and research.
The financial industry may have been built by and for men, but the face of wealth and finance is changing. Women are stepping into their financial power, investing in their futures, and reshaping the economy—on their own terms.
Women Are Changing the Wealth Game
Women are now actively investing and managing wealth like never before. And with the approach of the Great Wealth Transfer, women are expected to control $30 trillion by 2030.
Not bad—considering we got a late start.
For centuries, patriarchal structures shaped financial policies, restricting women's access to money, property, and investment opportunities. But women didn’t wait for permission—we worked around unfair laws, created our own paths, and pushed for change until the barriers came down.
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Investing allows you to grow your money over months, years, even decades! Your money is working for YOU! The earlier you start, the better because this gives your money MORE time to grow. While budgeting and saving are important, they won’t grow your wealth like investing can.
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Research stocks, REITs, bonds, or funds you’ve heard of and find interesting
Research investing platforms where you might want to open an account (e.g., Ellevest, Fidelity, Charles Schwab, Vanguard)
Another great place to start is by reading A Random Walk Down Wall Street by Burton Gordon Malkiel.
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Investing and saving are different.
Saving is the discipline of putting aside money. Investing is the practice of placing money into vehicles with the potential to generate additional $$$
Saving and investing complement each other to help you build your wealth over time.
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There isn’t a single country on the planet in which women collectively don’t have less money and economic opportunity than men. The fact that men have more wealth than women is one of the factors that fundamentally shape our world
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Despite the limitations society has tried to place on us (in the past and even still today), research shows women are actually better investors than men. You can build your own wealth on your own terms and become financially independent.
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Buy now pay later can lead to spending beyond your budget. Makes it way too easy to live beyond your means and fall into debt. You will end up paying more for the item over time
Keep an eye on your credit report. Dispute any inaccuracies right away with Experian, Equifax, TransUnion, or other credit reporting agencies
Avoid applying for / having too many credit cards. Every time you apply for a new credit account, your credit score takes a small hit. If you apply for multiple new accounts in a short period of time, it can add up and impact your score