Sugar babies live the life! And to them, I say "GET THAT MONEY, HONEY! BUT PLEASE, INVEST IT!" Ladies, it's time to put on your financial boss babe hat and make it rain! Being financially independent is not just a smart move, it's also super empowering. So, let's talk about why women need to make their own money and how we can all become money-making mavens.
Why Women Need to Make Their Own Money
First things first, making your own money means you get to make your own decisions. No more waiting for someone else's approval or asking for permission to live your best life. You want to take a career break, switch industries, or start your own business? Get it, girl! (I'LL HELP YOU START A BUSINESS!) Plus, when you're financially independent, you can handle whatever life throws your way, whether it's a breakup, health issue, or job loss.
Fun Facts and Stats
Women-led businesses are killing it! According to a report by American Express, women- owned businesses grew by 58% from 2007 to 2018, compared to only 12% for all businesses.
Women are better investors than men (sorry, fellas). A study by Fidelity Investments found that women's investments earned 0.4% higher returns than men's.
Speaking of investing, did you know that women control over 50% of personal wealth in the US? That's right, we're not just making money, we're also managing it like a boss.
The gender pay gap may still exist, but women are fighting back. The National Women's Law Center reports that women's median earnings have increased by 40% since 1979, compared to 17% for men.
Ready to join the financial girl gang? Here are some tips to get started:
Get financially savvy: Learn about budgeting, investing, and money management. There are tons of resources out there, from books and blogs to podcasts and online courses. A good way to start is to book an in-person or virtual meeting with Ambitious Management, LLC and let me and my team help pave the way to your financial goals!
Set financial goals: Whether it's saving for a trip or paying off debt, set clear goals and make a plan to achieve them. (Tip: Don't forget about life insurance and taxes! While establishing financial goals, keep life insurance and taxes- personal or small business taxes- in mind!)
Hustle on the side: Want to earn some extra cash? Start a side hustle, sell some stuff online, or offer your skills as a freelancer.
Support other women: When women support each other, incredible things happen. Look for women-owned businesses to patronize, mentor other women, and cheer on your female friends' financial successes.
Ladies, let's show the world what we're made of and make it rain! Being financially independent is not just good for our bank accounts, it's also great for our confidence, well-being, and ultimately, SAFETY. But we'll get into that in another blog post. So, let's learn, hustle, and support each other to become money-making mavens.
Your friends, Team Ambitious Management, LLC <3