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Optimal Finance Daily - Financial Independence and Money Advice

1351: What Does It Take To Be A Successful Investor by Vicki Cook & Amy Blacklock of Women Who Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 20 November 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

Vicki and Amy of Women Who Money tell us what it takes to invest successfully. Episode 1351: What Does It Take To Be A Successful Investor by Vicki Cook & Amy Blacklock of Women Who Money The co-founders of Women Who Money are Amy Blacklock from Life Zemplified and Vicki Cook, from Make Smarter Decisions. Vicki and Amy connected initially online and eventually met in person at a financial conference in the fall of 2017. They’ve both reached financial independence and left full-time work to devote more time to family, pursue passion projects, and embrace fun and challenging opportunities. They enjoy collaborating on original content and sharing great articles written by and for women. The original post is located here: https://womenwhomoney.com/characteristics-successful-investor/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, episode 1351.

0:04.4

What does it take to be a successful investor?

0:07.6

By Vicky Cook and Amy Blacklock of Women Who Money.com.

0:12.0

And I'm your host and personal finance enthusiast, Diana Merriam.

0:17.0

This is the show where I narrate posts from a wide variety of personal finance blogs.

0:22.0

We cover so much on this show from saving to

0:25.6

investing to debt reduction and more. Today we're going to be talking about

0:29.6

something I've experienced firsthand, the confidence gap often seen with women and investing.

0:36.6

Fear, not friends, it can be overcome.

0:39.8

Stay tuned after the reading where I'll provide a trick that I use to handle the emotional side of investing.

0:46.0

But for now, let's hop into this post before you hop into your weekend and start optimizing your life.

1:04.2

What does it take to be a successful investor by Vicky Cook and Amy Blacklock of Women Who Money.com. Several studies in the last few years

1:06.2

have found that many women are really good investors.

1:09.5

In fact, you might be surprised to learn that women often

1:12.4

earn higher returns on their

1:14.0

investments than men. They also tend to add more to their account balances over time,

1:18.9

but there's still a confidence gap when it comes to women and investing.

1:24.4

Many women don't invest their money or enough of it

1:27.4

because they lack confidence.

1:29.5

This causes them to miss out on the power of compounding that's earning interest on top of

1:34.8

interest for years. Instead women tend to play it safe by using savings accounts

1:41.4

rather than investing their money. While using a savings accounts rather than investing their money.

...

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