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I've always considered financial independence to be key in achieving a happy life. For women, this is especially important, as it's only been a short while since we took back the right to work and support ourselves.
It gives us safety, in the sense that we don't have to rely on the whims of a man in order to have our needs met. It is also the best way to freely vet prospective partners without feeling like we NEED to settle down to get out of a tight financial situation.
Given that most financial advice is heavily catered towards men, I was wondering if there are any financial books/podcasts/blogs that are made by/for women out there?
I'm just starting out my career, so I'd love to be able to get some information on how to save, invest, and prepare for a financially stable future!
Also if you want the absolute basics, which I used in my personal finance course at university. The Beth Kobliner books are helpful
I love her first 100k and Ellevest
Never marry a man with a lower net worth than you. Never! To be brief, I almost lost everything, including my financial future for the next decade or more.
saw a comment on youtube where a woman warned other women to have a separate account when marrying. People got angry due to lack of trust. Imagine if the advice was in reverse nobody would have gotten angry because men are entitled to be financially independent, women don't, apparently you don't love your husband if you're cautions.
Don't underestimate the importance of KEEPING your money - don't let anyone take advantage of you!
Get an account in your name and your name only at a different bank than your primary checking, and don't tell anyone about it.
Only bring up numbers when necessary. That includes salary, savings, account balances, credit limit, credit score, how much your car (or w/e) cost, how much you sold it for, how much you have in retirement, etc. There may be times when it makes sense to be specific, but don't volunteer that info without reason.
Don't lend money to friends or family. If you do, consider it spent.
Save for retirement. Open an account as soon as possible - as soon as you have the minimum balance, if you're going with an IRA. After it's open there's no minimum for contributions. You're more likely to do it once you're over that hump. Retirement savings are also better protected than other assets.
While not big on actual advice, it's worthwhile to listen to Paulina Porizkova and UBS on Youtube. Just do a search for 'Paulina UBS'
That whole flap about Ric Ocasek screwing her over in his will? Gawd what a low life POC. Sorry just had to digress.
And, if you've got any money to invest UBS (ubs.com) is one of the biggest financial advice investment firms, low charge, and they do the work for you within your parameters (e.g. no oil stocks). If you've got money in a 401K and move jobs you can also roll over the 401K into a different company, i.e. UBS, as long as it stays in the retirement class, so you're not stuck with Fidelity or Vanguard limited offerings.
Finally my own tidbit; find some major ETF funds, low cap, high cap, whatever. Buy. Then don't look at them for at least ten years. The stock market always goes up, even after a major crash.
Finally... My time to share all my YouTube favs. If you have to choose a channel to watch- either watch Ross Han for investing and Chelsea for personal finance! This is Rose Han- she is the best beginner investor channel I have found to date. Everyone else is either waaaaaay to technical, or waaaaaay to broad. Rose explains every step clearly and has a bunch of good videos for whatever type of investing you're interested in learning about https://youtu.be/zkNueyFs8zQ This is Chelsea with TFD- the financial diet has been around for a while now, and it's fantastic for personal finances, budgeting, paying off credit card debt, and furthering your professional goals (asking for raises). While they encourage you to invest, they never dive too deeply into how and what to invest in. https://youtu.be/7GSGA8SVsOs This is Lynette Zhang- she specializes in investing in gold/hard assets. She analyses the market trends and has been through 3 stock market crashes as a trader and she see's another one coming. And Mark Moss- he has some good videos about gaining financial freedom and I really like his Macro-economic analysis- he also has a lot of interviews so you can find new people through him https://www.youtube.com/watch?v=PR4nMuyXsxY This is Naomi Prins- she's a journalist who has specialized in banking. She has an excellent book called 'collusion' that goes over how the banking system is structured to devalue centralized currency And Robert Kiyosaki (Rich Dad) he and his wife Kim have a bunch of books on how to build wealth, and he hosts a lotta guests so he's good to find people with. https://www.youtube.com/watch?v=QlfWMYDuIrM And here's Jeff Wang (a crypto guy) with Robert Kiyosaki - I do think that block chain technology has a future and it integral to our financial system evolving. It's worth knowing and researching regardless if you decide to buy. I have a lot more info if you're interested I can post it (these interviews are linked in that email as well) https://www.youtube.com/watch?v=PofnjS8KNHo&t=698s