Three Investments Every Woman Should Make to Increase Their Wealth

0
48

“Attention Women: Start Investing Today and Take Control of Your Financial Future!”

The financial landscape can be daunting for many women, with barriers such as lack of money and knowledge about investing holding them back. In a recent study by GOBankingRates, 57% of women surveyed admitted they are not actively investing. However, there is hope for those looking to take control of their financial future.

Kelly Ann Winget, CEO, founder, and fund manager at Alternative Wealth Partners, is on a mission to empower women to own their wealth journey. She emphasizes the importance of starting to invest, no matter how small the amount. Winget recommends three key investments that women should prioritize to secure their financial future.

First and foremost, Winget advises women to focus on saving before investing. Finding a balance in your budget that allows for both saving and investing is crucial. While high yield savings accounts may seem like a safe option, Winget warns that the interest rates can change, making investing a more lucrative option in the long run.

When it comes to tax planning and retirement investments, Winget stresses the importance of understanding the tax code or hiring a professional to help navigate strategic investments. By minimizing tax liabilities and setting up a solid estate plan, women can secure their financial future and retirement.

In addition to traditional investments, Winget recommends exploring alternative assets to diversify your portfolio. Hedge funds, real estate, and private equity are all viable options for those looking to grow their wealth. Real estate, in particular, offers tax benefits and the potential for passive income through rental properties or REITs.

Overall, the key message from Winget is clear: it’s never too late to start investing in your financial future. By prioritizing savings, understanding tax planning, and exploring alternative assets, women can take control of their wealth journey and secure a prosperous future.

As a seasoned financial journalist, it’s important to convey this message of empowerment and financial literacy to your readers. By providing valuable insights and analysis in a concise and impactful manner, you can help women overcome their barriers to investing and take charge of their financial well-being.