Entrepreneurs are often so dedicated to growing their businesses, it is easy to not focus on their own financial future. Variable cash flow and expenses can make planning difficult. However, there are several things business owners can do to create a larger and more protected nest egg. Here are seven tips to help you get started.
Should men and women be investing differently?
I don’t think that men and women need to invest differently to achieve their goals, but I think that many women have biases to overcome which can hinder their financial success. One of the biggest things that I see is that women are not comfortable investing,
Women face severe headwinds when planning for retirement. They often earn less money (approximately 80 cents for every dollar that men make) and have shorter working careers due to raising children and/or caring for aging parents. Less money earned translates into less money saved and lower Social Security benefits. On top of that, women also tend to live longer than men. Combined, these factors put women at greater risk to outlive their retirement savings.