Women’s Month: 10 tips for women to handle their finances | The Citizen

Do not let the risk of losing money be your reason not to invest

Nobody wants to lose money and any investment involves risk. You invest not to just have more money but to have enough money to pay for a non-investing related goal, such as retirement or a house. The real risk for investors is not short-term changes in the overall portfolio value but the risk of not achieving a long-term goal.The standard rule of thumb is to have three to six months’ worth of living expenses saved in an easy-to-access account.

Whether you decide to be a stay-at-home parent or not, it is important to make sure that you invest in the most lucrative and important asset you have – your career and ability to generate an income. Keep learning – having experience to put on your resume, taking courses and increasing your skill set are important factors to continue generating income in the future.The sad reality is that, in most cases, children leave home without proper financial skills.

“If you set out to learn even just one thing a day about investing or improving your financial knowledge, you will set yourself up for a lifetime of knowledge and success. Financial knowledge, tips, how-to guides, whitepapers, though-leadership articles, templates, videos, podcasts and even books are widely available online, at little to no cost.

“The key is to just start and work your way up to where you are comfortable, even if that comfort simply means having the confidence to speak and ask about certain topics,” Reuvers says.","category_class":"child-of-news","time_ago":"1 day ago","premium":false,"gallery":false,"excerpt":"In South Africa, despite numerous advancements, women continue to face marginalisation across various aspects of their lives.

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