What are the 5 steps to financial empowerment for females?

1 Answer

Answer :

The first step to achieving financial empowerment as a female is to find the right financial advisors who can help you plan for your future and ensure that you meet your goals and commitments.Once you have found a team, the second step is to educate yourself and learn some of the basics (you want to be somewhat financially literate). Understanding interest rates and compound growth can go a long way. Be sure to monitor your credit score since high and bad credit scores can impact your interest rates and affect things like buying a car, home, etc. Next, be sure you are preparing for retirement by making contributions to your 401K and making sure you are putting enough money away for your retirement. Lastly, figure out what you will be able to collect from your Social Security once you retir

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