Comments on: Financial Empowerment: Becoming Financially Literate

By: One Frugal Girl

One Frugal Girl — Tue, 05 Feb 2019 00:13:01 +0000

In reply to sohokat. Congratulations on creating a dividend portfolio that nearly outpaces your social security check. I forgot to mention those women who hand their investments over to financial planners. For many women that's worse than putting your head in the sand because those planners often charge hefty fees. Thank you for pointing out that women can easily manage their own investments and for being an amazing role model to those women who want to secure their futures.

By: sohokat

sohokat — Mon, 04 Feb 2019 18:43:21 +0000

There is a common saying, “No one cares as much about your money as you yourself do.” I am a single 69 year old woman who started investing in dividend stocks eight years ago. But I have women friends who just turn their retirement savings over to a financial planner without a thought of how it is invested. “I am just no interested in finance” is the common refrain. Women tend to live longer lifespans than men and typically marry a man a few years older. So women should expect to be alone late in life due to death or divorce, and it is imperative to understand finances to have a comfortable retirement. Sit down with your husband and get a big picture understanding of your financial situation along with a closer more detailed look. Investing in stocks is actually quite simple and in the long run, the best way to build retirement savings. My portfolio now throws off dividends almost equal to my Social Security check, and my goal is to reach that or surpass by the time I am 70.

By: One Frugal Girl

One Frugal Girl — Mon, 04 Feb 2019 14:58:14 +0000

In reply to Debbie. I think a lot of women are afraid of the math, which is so unfortunate. You don't need to be a spreadsheet wiz to work out the numbers. I spent most of my life with a calculator and a college-ruled paper. Now a lot of online calculators make it even easier! Thanks for your comment.

By: Debbie

Debbie — Mon, 04 Feb 2019 10:51:11 +0000

I am always amazed at how very little most of my female friends know about financial matters. Even the ones that are single and have financial planners for they are the ones that just hand money over to the planner without any idea of what is being done with it. There is a lot of solid simple advice out there for free. You are right, it is only adding and subtracting with a little multiplication thrown in if one wants to look at the future. Thank heaves for my mother who taught me to budget and both of my parents who taught me to save for my future wants and needs.