Right, I’ve had 3 weeks off writing and I’m back with a bang! Usually, when I write my posts about money, I try to be balanced, I try to be polite, and I try to be gently encouraging. I try to take account of the fact that everyone’s circumstances are different, and I try to be inclusive in how I write (whether I am successful or not is another matter). I try to not upset anyone. But this is important, and its something I feel strongly about. I see and hear strong, intelligent, capable women shy away from investing because they don’t believe they can do it.
So women, ladies, chicas, bitches, femmes, whatever we’re calling ourselves, this is a battle cry for us all to become more courageous and make sure we’re using all our financial power.
Don’t get me wrong, we have some of the most beautifully colour coordinated budget spreadsheets, can make one large chicken feed an army of 5000, and have an small but impressive collection of fleece pyjamas to help us abstain from central heating. But mention investing, and we lose our confidence and strength is replaced with fear and doubt.
I used to be guilty of this. I was 100% convinced I would lose all my money, that I could never understand what I was doing, that it was too complicated for me.
Perhaps it comes from times when men would hunter-gather and women would protect and nurture. Putting your money in a savings account and being frugal with your expenses is how that manifests today. But we live in world where we all provide, all protect and all nurture. It is time for us to learn that we can be better providers when we dare to take carefully balanced risks.
One of the greatest financial powers there is is investing. It might even be the greatest power
Being able to feed your family on £50 per month is epic. But it takes one heck of an effort to do that month in, month out. I know I’ve never managed it.
But when you invest your money, it earns more money for years and years and years to come. And that money it earns, also earns more money for years and years to come. And so it continues. And the more it continues, the easier it is. Easier than keeping your grocery bill to £50 quid whilst inflation continues to rise, that’s for sure.
Let just do a couple of quick sums. For funsies.
If you pop a nice little £50 a month into a savings account, its a great start. After 25 years, with a rate of 0.5%, you’ll come out with £15,978.59. A nice chunk of money, right? Good job on the protecting and nurturing front.
But, take advantage of your financial powers by stock market investing (feel free to make your own superhero cape or throw your head back and roar like a lioness- whatever works for you) and that £50 could grow to £29,406.04, assuming a 5% return.
The same resources go much further and you’ll nearly double your money. And that calculation is even with me failing to have courage that the stock market will continue to yield an average of 7% annually, so it could well be worth a helluva lot more.
There’s enough inequality without bringing it upon ourselves
I don’t deny that it is shitty that in 2017 there is still such an embarrasingly wide pay gap, that mothers get overlooked for promotions, and that females have to work harder to earn the respect of their male co-workers. It might not be true in 100% in workplaces but it is way more normal than it should be.
However, we cap our earning potential further by failing to have the courage to invest, to seize a little piece of financial equality, to omit one of the greatest financial powers at our fingertips. It’s something we have control of, so why aren’t more of us seizing that control?
Why do we let that little voice in our head tell us its not for us, that we can’t understand it, that knowing our luck we’ll lose every penny we ever had? To that voice I say IT IS FOR US AND WE CAN UNDERSTAND IT!
Don’t just take my word for it!
Don’t believe me? Check out superhero Feminist Financier, the oh so sassy bitches get riches, and educator extraodinaire she picks up pennies (who is also a mom, so you can’t be using kids as an excuse).
We are all different but we are all capable of understanding how to invest, as long as we believe we can.
Where do you start? I thought you’d never ask! I came up with an investing guide for beginners, with all the stuff I wish I’d been able to read all in one place. Beyond that, the world is your oyster. Don’t stand by, a helpless onlooker to financial markets. Stand up and soar, be a beacon for other women who have yet to make the leap.
If you, or the women in your life, are amazing investors (or even brave beginners) shout up and share your story. Let’s inspire more to do the same. If you’re a bystander, join in the conversation too. We can tackle this together. I’d love to hear from you all, whatever your journey!