2936: 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
4.5 • 1.3K Ratings
🗓️ 15 November 2024
⏱️ 9 minutes
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| 0:23.1 | That's Shopify.com.com. |
| 0:26.7 | This is Optimal Finance Daily. |
| 0:29.4 | What does it take to be a successful investor by Vicki Cook and Amy Blacklock of Women Who Money.com? |
| 0:36.9 | Several studies in the last few years have found that many |
| 0:40.0 | women are really good investors. In fact, you might be surprised to learn that women often earn |
| 0:45.6 | higher returns on their investments than men. They also tend to add more to their account balances |
| 0:51.3 | over time. But there's still a confidence gap when it comes to |
| 0:55.5 | women and investing. Many women don't invest their money or enough of it because they lack confidence. |
| 1:02.4 | This causes them to miss out on the power of compounding that's earning interest on top of interest |
| 1:08.3 | for years. Instead, women tend to play it safe by using savings accounts |
| 1:14.3 | rather than investing their money. While using a high-interest online savings account for your |
| 1:20.0 | emergency fund is a smart money move, the interest you earn will barely keep up with inflation. |
| 1:26.7 | Investing not only fights the effects of inflation, |
| 1:29.8 | but it also helps grow your net worth over time, better preparing you to take care of yourself |
| 1:34.8 | in retirement, assist your aging parents financially, or help with expenses such as college for your |
| 1:41.2 | kids. If you're worried you don't have what it takes to be a successful |
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