Investing: Why Women Need to Stop Just Saving (2019)

Investing: Why Women Should Not Just Save

Women save and men invest. Did you know that this is how women are seen in the financial sector?

Women are known to put money aside and save it instead of trying to grow their money via investing. We are sometimes overly cautious. Therefore, saving money is a safe way to maintain our financial health.

Our first step towards growing our finances is to change our mindset. To reach the next level of financial growth we must move past just saving and start investing.

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Investing: Why Women Need to Stop Just Saving | Women are know to save and not invest. Learn why you need to stop just saving and start investing to take your finances to the next level. #investing #saving #financialgrowth #personalfinance #femininefinancial #growyourmoney #retirement

4 Benefits of Investing

There are many benefits to investing however this still doesn’t stop it from being hard to get started. If you want to build wealth and financial stability investing can get you there.

Investing: Why Women Need to Stop Just Saving

#1 – Grow Your Money Faster

Investing gives you the potential to grow your money faster. If you have a long time until you need to meet your goal, your investment earnings will also earn money over time.

This means you will get a higher rate of return on investments and your investment earnings will earn money over time.

Investing: Why Women Need to Stop Just Saving

#2 – Be Prepared for Retirement

Investing allows you to make your money work for you. This is essential when it comes to preparing for retirement.

If done right, investing will allow you to be prepared for retirement. You may even be able to retire early.

The more you invest the more you’ll be able to take advantage of the power of compound interest. Compound interest is when your interest starts earning interest.

#3 – Save Money on Taxes

Depending on the way you choose to invest, investing can save you money on your taxes. I’m sure we all can agree that this is a huge benefit.

If you put your money into a 401k, SEP IRA, or Traditional IRA, it is not taxed the year you earn it. You do not pay taxes on it until you withdraw it during retirement.

This saves you a lot on your taxes the year that you contributed.

If you choose to use a retirement account like the ROTH IRA, you will pay taxes now however you will not have to pay any taxes when you withdraw.

There are also tons of loopholes in the tax code that favor investors.

Investing: Why Women Need to Stop Just Saving

#4 – Reach Financial Goals

Investing can help you reach some of your personal financial goals. You might want to buy a house, take a trip, buy a car, or start a business.

In situations where you will need large sums of money, investing can help you reach those money goals in conjunction with saving.

Investing is also a great financial strategy to use when planning for your kid’s college education. You can start investing early when your kids are little and be ready when they graduate high school.

Investing: Why Women Need to Stop Just Saving

Incorporate Investing

If you aren’t practicing the art of saving every month, then you should definitely start. For those of us that already save, it’s time to take the next step and start investing.

Leave a comment and tell us how you feel about investing..

Investing: Why Women Need to Stop Just Saving | Women are know to save and not invest. Learn why you need to stop just saving and start investing to take your finances to the next level. #investing #saving #financialgrowth #personalfinance #femininefinancial #growyourmoney #retirement

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13 Comments

  1. Yaass I am soooo here for this! I started investing with my 401k on my job. But I recently I got into stocks. It’s definitely a good look but boy can it be stressful. Thank you so much for the motivation and inspiration. Definitely taking all this information with me. Thank you for sharing!

    1. Author

      You’re welcome Vee! Stocks can be stressful but pretty fun too.

  2. This very interesting knowing a small amount of woman does this on a yearly bases and make a steady return on their investments.

    1. Author

      Thanks Madi… its something good to learn.

  3. I’m married, and my husband does the investing, but I should definitely find out more about it in case I needed to do it on my own and so we can work together in our planning.

    1. Author

      Very true Jennie. It’s good for you to understand the process and plan together.

  4. I joined an investment club about ten years ago and have learned so much about investing since then. It really is a great way to grow your money.

    1. Author

      Investment clubs are great was to start investing.




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