Women & Financial Independence

Mon, 21 Jun 2010 04:04:17 +0000

Women and financial independence is quite possible but will be more difficult than a man achieving financial independence. Financial independence indicates that there is no dependence on a paycheck and that basically you are your own boss. Women having the responsibility to raise families often have to put their financial independence on hold until the family unit is feasible for business endeavors. Financial independence does not mean to have a large bank account. Financial independence indicates that the the woman can not has their own businesses.
Very few people has achieved financial independence because of the risks that have to be taken and the financial capital needed for business start ups not only for women but for men as well. . One may say that Warren Buffet the billionaire has financial independence but it appears that he works harder at forecasting the economy than being employed. Most financial independent people are either in real estate or investment banking and have their own business. Women owned businesses can indicate financial independence because they are self supporting which indicates independence and building wealth to be self sustaining.
The term rich and financial independence has been used synonymously but there are rich people who are not financial independent and financial independent people who are not rich. For the sake of everyday terms and for a goal that would put the high achiever in reach of a lucrative income, financial independent is described as owning your own business and not having a boss. Most men achieve this plateau of financial independence than women but that is no indication that there are top producing financial independent women. The numbers are scarce of women and financial independence than men in the same financial status. Being responsible for the sustainability of the business and the longevity of the business along with the customer retention is paramount of women and financial independence.
Women owned business are in the minority and there are less financially independent women than men. A generalized reason for this inequity is the fact that women are most likely wives and mother who takes care of family and supplement income with a part time job or even a full time job. Social norms still places the man as the head of the household and the one responsible for the financial stability of the family. Given this responsibility, it is the man of the household who is most likely seeking to be financially independent. Women are seeking to be financially independent but not on the larger scale as men.
Even in the workforce, a woman’s salary still trails that of a man. If a woman is seeking financial independence, there will be steeper mountains to climb to reach that goal. Venture capital to get started can be more difficult to obtain and most likely the woman would have to to get helpful information on starting a business from the Small Business Administration or the SBA. Recently, investment groups just for woman has sprung up around the country and this is one way to get venture capital to get started on owning a business and becoming financial independent.
Owning a business is a twenty four hours a day job seven days a week and there is never enough hours in a day to work on building a business for financial independence. Most likely the woman can use time management to get tasks done but must be prepared for the hard work and long hours to get a business started even after qualifying for venture capital. A woman can achieve financial independence but the work is hard and the hours are long but worthwhile if financial independence has become a lifetime goal.
• AWAKE : Association of women entrepreneurs of Karnat…
In India women are still to find their footing financially. Even today well educated women sit at home to raise a family rather than continue working. For the majority of the middle class husbands it is still…
• How To Be A Stronger, More Independent, Woman – 15 T…
1. Get a solid education that will result in work that pays well, or get training that offers solid, marketable skills for work that pays well. Financial independence is vital. 2. Learn about…
• How To Become A Stronger And More Independent Woman,…
1) Make a decision to be independent. Independence is in a way, being able to make decisions and then acting upon them. Independence is also being able to correct a decision that you may have taken and…

Managing your Financial » head

Women & Financial Independence