Here Is Why Every Woman Should Invest

A common barrier for most of the women working in the corporate world is the myth which professes that due to their gender, women cannot go beyond the corporate ladder.

Actually, in the investment world the market does not care if the investor is a female or a male, a white or a black, a graduate or a dropout. An investment market cares only about the smartness of the investor with respect to his money. The smarter a woman is with her investment plans, the greater is her accomplishment as investor. There is no limit, no ceiling, or restriction, for the women from investing various investment plans.

Given below are the top reasons that justify the need for women to start investing:

·        No restrictions on income

Due to the myth stuck in people’s mind and the still-existing inequality in the salaries of women and men, a lady is usually limited by the sum of income that she can earn. Studies have proven that a man and a woman, who are equally educated and experienced, would earn different amounts. The male counterpart, if earns Rs. 50,000 then the woman would earn somewhere around Rs. 37,000. While, by investing in various investment plans a woman can make unlimited earnings. By doing this a woman can become completely in charge for and control the amount that she makes out of such investment plans.

·        Increased self-esteem

This is probably the greatest benefit to a woman who funds her money in investment plans. It is not odd for a lady’s self-worth to be associated with her capability of providing for her own self. Depending on anyone, be it your father, brother of husband, for them to finance your day-to-day needs or any other desires can adversely impact your sense of self-respect. You might do stuff that you would not have don otherwise; even if money wasn’t an issue.

A woman’s self-worth ascends once she is financially on her own and does not require any support. And with a rise in women’s confidence, even her relationships tend to start improving. Even her overall life improves as she starts feeling nice about herself, makes choices as per her genuine accordance. This leads to an increase in her confidence; and consequently makes her a successful investor and person.

·        Control of your time

One major obstacle that women have, more often than men do, in terms of investing in investment plans is time. This especially applies to women who are mothers and regularly spend many hours looking after their children, family and household tasks. A woman, everyday has to get the food ready, help out her kids in completing their homework, clean the entire house, got to work, etc. etc.

By investing in various investment plans such tax saving investment plans, a woman is in control of her own time. One should invest in investment plans as they can be worked upon full time as well as part time. Investment plans can be looked after from office, from home, or anywhere else. A woman can also involve her family, her children or other women with her in an investment plan. It is also something in which you can include your children.

Most importantly, investment plans are amongst the best means to ensure that you save enough for the golden years of your life. An investment plan make sure that you are self independent when it comes to your financial needs post retirement. The basic way to start investing is by going for a retirement plan. In fact, companies have also introduced retirement plans that have been especially created for women.

Another good way is to invest in tax saving investments such as, Public Provident Funds, Life Insurance Policies, Health Insurance Policies, or Tax-saving Mutual Funds. These investments provide diverse benefits for diverse life stages and in the process of providing investment returns they help an individual save considerable amounts of taxes.