Why You Should Invest?
In today’s modern society, you don’t see many women investing their money in the stock market. I don’t even personally know any women who invest. Why is this the case, you might ask? Well, women statistically tend to not invest their money, in fact, only 26% of women invest their money in stocks. This is for a couple of reasons.
Women are twice as more cautious than men, meaning they don’t take risks unless they’re able to calculate the possible outcomes. Since they’re more vigilant, they might be skeptical about investing, because a lot of the time, investing is unpredictable. I know my mom is hesitant where she puts her money which is probably why she doesn’t invest. Women also think that since it's a male-dominated field, they should just let the men handle the money, but this isn’t true. You have the resources, and can gain the knowledge to learn how to invest your money in a smart way, you just need to learn how to. You might not be able to invest now, but with the right help, you’ll be able to be a great investor. Look at me, after I became educated in how investing works, now I definitely feel way more confident in how to spend my money than I did before.
In today’s modern society, money has much more value than it did back in 1950. Back then, $1 was worth about $12.37 today. This means that the inflation of the dollar has been increasing around 3.55% each year, and it’ll only increase onwards. So you can only imagine how much it’ll loose it’s worth in the future. For your best interest, you should start saving now, so you’ll have enough money to last you all throughout your retirement. A great way to save money for retirement is a savings account, but this alone will not be able to sustain yourself because now the cost of living may be high, but in 40-60 years, it’ll double, maybe even triple. So, that's why you need to have more cash in-flows of money.
Lastly, who doesn’t love money? I know for a fact that everyone wishes that they could just magically strike rich because it would solve almost all of their problems. If you start investing your money, then it would be a nice way to earn more money without putting in too much extra work. You’ll also develop more money-savvy skills, and this would mean you won’t have to be dependent on others. You’d have your own, stable, source of income, and you’ll be able to manage all of it on your own, making you financially stable.
For all of these reasons, you should invest your money. So the next time you get your paycheck think twice about where you spend it. And let me know whether or not you invest your money in the future.
“Inflation Rate between 1950-2022: Inflation Calculator.” $1 In 1950 → 2022 | Inflation Calculator, https://www.in2013dollars.com/us/inflation/1950?amount=1.
“The Cost of Living Increase over 60 Years: Daily Infographic.” Daily Infographic | Learn Something New Every Day, 15 Aug. 2021, https://www.dailyinfographic.com/the-cost-of-living-increase-over-60-years.
Sauter, Michael B. “Retirement Living: Here's What It Costs to Retire Comfortably in Every State.” USA Today, Gannett Satellite Information Network, 17 Aug. 2020, https://www.usatoday.com/story/money/2020/08/17/what-it-costs-to-retire-comfortably-in-every-state/42209705/.
Pettinger, Anna. “Women More than Twice as Likely to Be Cautious about Risk than Men.” PCL, 11 Oct. 2016, https://www.psychological-consultancy.com/blog/women-twice-likely-cautious-risk-men/.
Comments
Post a Comment