8 Reasons Why Women Should Start Taking Control of Their Financial Future

Why then women should start taking control of their financial future?

• First, we can no longer depend on our parents, our man, our boss and our government. They simply may not be there at all times. I often heard women unhappy with their relationships because of money. I have often heard people complain about their salary but still continue working for their jobs. I have seen in news about women trading-off themselves marrying a rich guy but ended up losing themselves along the way. Women must start to realize that they should never be dependent on anyone to take care of their financial future (Kiosaki K., Rich Woman, 2009). Statistics shows that approximately 7 out of 10 women, at some time, will live in poverty.The sooner women realize that they ought to be in business; the earlier they will be financially independent.
• Second, women are more cooperative rather than competitive. This style is now often taught in business schools. Women tend to create out of the box methods to further their goal and face obstacles they face. They tend to listen more. In business, this style creates a win-win business environment.
  
• Third, women are not afraid to say "I don't Know" (RichWoman, 2006).According to T. Harv Eker, a self-made millionaire, there are only three (3) things that we should never think of when going into business and that is to say, "I know, I know, I know". Saying "I don't know" is the most powerful tool women could have. Pretending to know all the answers because you don't want to look stupid comes from having a low self-esteem and low confidence. You will be amazed that when you say "I don't know", many things open up for you.
  
• Fourth, women do their homework. I often hear during college days that if you are a guy and you want to graduate on time or as soon as possible, "you'd have to find a girlfriend, this way you will have someone do your homework for you." Although girls here tend to look like as if they are their boyfriends' slave, women as a general rule really do their homework. In business, women tend to do research more and they spend researching about their investment choices than most men do. When looking for the best investment, women tend to weigh options before going into the "hot tips".
  
• Fifth, women are nurturers. In business, this natural character creates long-lasting relationships with clients, employees and other business networks. Even when it comes to investing, women "nurture their investments" more than men.
  
• Sixth, women possess high emotional intelligence (Mika Hamilton,Global Investment Institutes). The one thing that men have in common is EGO. Men tend to let their egos make decisions for them. Women will tend to invest according to a plan and not according to the mood they are in or to what will make them look good.
  
• Seventh, women ask questions. How many times have you experienced that when asking for directions, men don't want to ask? Even with couples being lost along the way, it's the woman who ends up asking directions. The good thing about this, when it comes to any kind of business, women will often seek advice from people who have been there and done that and when it comes to investing women will often ask questions rather then figuring things out on their own.
  
• Eight, we are definitely great shoppers. We know how to spot a bargain. Why does this matter? When it comes to investing, it's like spotting the best deal, priced below its actual value and there is no other way but to buy it.
  I'm not saying that women are greater than men; each individual has their own talents and skills that are of advantage in business. What I am saying here is that there are definitely a lot of advantages for women to start going into business and to start taking control of their financial future. In business, time is of essence, the earlier you start, the higher chances of succeeding. Robert Kiosaki said that if you start later in life or go into business after youre tire; there are already lots of important things you have to consider like your health and the emotional toughness to handle disappointments along the way (Retire Young Retire Rich, 2002).
  There are definitely a lot of opportunities and possibilities out there waiting to be discovered. The best way is to go out and personally be in the game. Just mere thinking of going into business, reading books, listening to audios (though educational),is still passive learning, to quote what Benjamin Franklin said, "the credit goes to the one who is in the arena". Look for a businesswoman who can help you and mentor you. There are many successful businesswomen out there who will not hesitate to tell you their story and give you a piece of advice. Simply having a conversation with them is already learning actively. Don't ask women who never had any experience at all of going in business. It's funny because most of the time, those who have a lot to say are those whonever been there and done that. You will find out that businesspeople no matter what their gender is, have one thing in common; they take risks and their dreams are bigger than their circumstances. You have to realize that to be successful in life you have to be "in the zone" and do what Nike says, "Just do it" and you will be amazed by your own skills and strengths.
  Just trying to do something-just being there, showing up- is how we get braver. Self-esteem is about doing."

-Joy Browne
Islempress 09/18/2006