Women are poised to step into true financial independence—but we still have one major insecurity to address before fully realizing that goal.
The time has come to address this insecurity. Investing is not only key to building long-term wealth, but also to allowing women to truly step into their power. On this all-important point, the Merrill report notes: "Today, women's lifelong financial wellness is at a tipping point. Thanks to a seismic shift toward women's growing personal and financial power, they are poised to move into true financial independence, enjoying all the freedom that it brings.
"Speak openly and ask questions about investing and personal finance more broadly to friends, families, employers or financial experts," says Sabbia."Seek input and guidance, and ultimately create a plan for trickier financial moments such as investing. Trusted advice can be what you need to eliminate decision paralysis and move forward.
"After you've set a goal, break it down into bite-sized benchmarks and get started," Sabbia adds."The notion of needing to have a lot of money to begin investing is not true. Ease into investing by starting small, even if it's only $20." "Women should start savings plans early and maximize contributions to shore up resources for the long-term," says Sabbia.
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