The International Day of the Woman: why more women should take a plunge into Real Estate waters
If you take stock of the numbers, you’d find that while there are many female real estate agents, there are relatively few female real estate investors, which mirrors the gender disparity in stock market investing. The investing world, whether it’s stocks or real estate, can be an intimidating place full of jargon. But the fact of the matter is, lack of action and fear of investing cost women dearly.
Suffice it to say that though most people are aware of the wage gap, few are aware of the investing gap, which can cost women monumental figures or more in investment income over the course of their lifetimes. By keeping more of their money in savings accounts rather than investing it, women are missing out on considerable opportunities to build wealth for themselves and their families, which is heightened even further when taking into account the power of compounding advantages of investing in real estate.
Most women see money in terms of what it can do for their families and want to invest in causes that matter to them. Hence through investing in real estate, passive income and wealth can be created for women and their families, while also having a positive impact on local communities.
To commence, making financial awareness and wellness a priority. Read up on real estate investment from articles, YouTube videos, podcast shows and books. As you do this, you’re working your way up, building your knowledge base and confidence in investing. Talk to experts, spouse, friends and family about money and investing, even if it petrifies you. You’d be surprised how much information and knowledge you’d gather, equipping you with the pre-hands-on starter kit you need to commence your real estate investment.
To fully enforce and activate your investment dreams, set timelines in place. Time frames you’re your investment come on as real as it gets. Set investment goals and give yourself a deadline to start investing. It’s all too easy to get caught up in over-analytics, investment cold feet, or the one-leg in/out syndrome, so give yourself permission to test the waters, even if that means that you lose a bit of money along the way as you’re learning. The key is to keep going. Every investment you make will teach you something, and over time, you’ll be able to invest with confidence. Each mistake, invariably, makes me a better investor.
Real estate investment possesses the capacity to afford you certain luxuries OVERTIME; maybe quit your full-time job? Pursue your passions and spend more time with your family, rest assured that your investments are building a legacy for your children’s future? Yes, all of this and more.
The gender investing gap is real, so it’s time to step and balance the scales. Just as it’s important for us to push for wage parity and workplace equality, it’s equally important for us to educate ourselves about investing, to talk about money and investing and to take control of our financial futures, for ourselves and for our families.
The gender investing gap is real, and it’s just as damaging to women’s financial health as the wage gap. Just as it’s important for us to push for wage parity and workplace equality, it’s equally important for us to educate ourselves about investing, to talk about money and investing and to take control of our financial futures, for ourselves and for our families.