{"id":11705,"date":"2021-09-17T14:15:37","date_gmt":"2021-09-17T19:15:37","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=11705"},"modified":"2021-09-22T10:47:30","modified_gmt":"2021-09-22T15:47:30","slug":"financial-planning-for-women-on-business-womens-day","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/financial-planning-for-women-on-business-womens-day","title":{"rendered":"Financial Planning for Women on Business Women’s Day"},"content":{"rendered":"\n
In 2021, women across the nation are doing incredible work to improve the financial situation for themselves and their families. But there’s always more<\/strong> to do! This American Business Women’s Day<\/strong>, we share some management, budget and investment advice for women entrepreneurs, pre-retirees and retirees alike.<\/strong><\/p>\n\n\n\n With <\/strong>a little planning and encouragement, women can not only gain financial independence but also lend valuable advice to their family members regarding various aspects of investments. So, how can you, as a woman, do so? Let\u2019s find out.<\/p>\n\n\n\n A financial plan<\/a> is a document that lays out where you stand now financially and where you want to be in the future. Based on those aspirations, a strategy is developed to meet your goals. You can create a financial plan on your own or with the assistance of a financial advisor<\/a>. A good financial plan is more than just a budgeting exercise or a hands-off investment strategy.<\/p>\n\n\n\n Working with a financial advisory firm<\/a> that offers everything from investments to estate planning services will help you create a comprehensive financial plan that addresses your dreams and lifestyle. Women should take part in financial planning because of the different variables they deal with such as:<\/p>\n\n\n\n The nation collectively is doing a poor job of saving \u2013 be it for an emergency or retirement. But people who have a financial plan tend to save more than those who wing it. A plan helps you save strategically. After all, it\u2019s important not only to contribute to your savings regularly but also to make sure that the vehicles you use for your savings are the best options available.<\/p>\n\n\n\n You don\u2019t want your money to lose value because it\u2019s in an account that can\u2019t keep pace with inflation. Nor do you want to look back 15 years from now and realize that if you\u2019d only made a few slight shifts to your investment portfolio, you could have saved twice as much.<\/p>\n\n\n\n Investing should be easy \u2013 just buy low and sell high \u2013 but most of us have trouble following that simple advice. But investors sometimes can act on emotion and end up buying high and selling low. A big plunge in share prices is going to have a lot of investors cashing out of the market. But history has proven that is a costly mistake. Take the Great Recession of 2008 and 2009 for example. Those who stayed the course recouped their losses and then some.<\/p>\n\n\n\nFinancial Planning & Why Women Should Take Part<\/strong><\/h4>\n\n\n\n
Financial Planning Benefits For Women<\/strong><\/h4>\n\n\n\n