- 1 out of every 2 marriages ends in divorce and on average, in the first year after the divorce, the woman’s standard of living drops 73%
- Of the elderly living in poverty, 3 out of 4 are women, yet 80% of them were not poor when their husband were alive
- 58% of baby female boomers have an average of only $10,000 set aside for retirement
47% of women over the age of 50 are single Nearly 7 out of 10 women will at some time live in poverty.
These statistics are not to scare you, but to say it’s time we, as women, prepare for our financial well-being. We can no longer afford to be financially illiterate. The price is simply too great.
Too many women, no matter what age, find themselves in dire financial straights whether it be divorce, death of a spouse or simply no planning. Why? Because many of us have not been educated about money and investing. It's not about how to buy car insurance or save pennies at the grocery store. Nowadays, we're smarter than that.
Now is the time to take control of our financial lives and not just cross our fingers and hope that someone else is looking out for our financial future.
One last statistic: 90% of all women have sole responsibility for their finances within their lifetime, yet 79% of all women have not planned for this.
There is no time like the present. Mind your own business: build and keep your asset strong. Once a dollar goes into it, never let it come out! Let your cash flow grow.
- Discover your Mission, Passion and Purpose.
- Map out where you want to go and what you'll need to do to get there.
- Create an individual strategy to become secure, comfortable, and rich.
- Strive to surround yourself with successful, positive and influencial people.
No comments:
Post a Comment