"Darling, I need money to purchase some clothes".
Gone are the days, the present woman does not have to depend on their hubby's financial account for their luxury lifestyle anymore.
The workplace and business circles are now filled with well educated woman, whom can earn amazing income even to the extent of out beating their husband's earnings.
Woman is financially independent nowadays unlike the previous era of relying on love to keep their head above water or to tolerate pressure from their hubby like "Honey, you had spend too much on this and that!" The females of today are free from such comments; they are looking after themselves and even helping the family budget in a way with their salary or hard earned cash.
Although they can earn well with their qualifications but how many woman do really know how to utilise or invest with their hard-earned cash and make it give a good return in profit? The consumer society today does not make it easy to save money, a lot of advertisement induced us to spend on cosmetics, expensive clothes, accessories, travel to luxury resorts destinations, spending at restaurant, utilising our credit cards to fund our lifestyle.
Most people are spend drift even accepting debt as a lifestyle choice and not planning for tomorrow without considering its consequences.
Learning to manage your money, while you still can enjoy a good lifestyle is within the reach of every woman as they are attainable with proper mindset on investment with return of profits.
All it takes is applying a few simple rules, that are to carefully manage your funds like purchasing a home for rent (gives you returns from rental) invest in government bonds, purchase blue chip shares or other safe investment preparing for retirement.
TO ACHIEVE SUCCESS; SET A FINANCIAL GOAL Setting a goal means designing some plans without giving up visits to health care centres, gym, hair-dressing salons, or going on a vacation with your family.
It is just to consider how much you are going to spend on each occasion, write for yourself a list of goals and how much you need to save to achieve your dream goals.
Set up a monthly direct debit into an untouchable saving account, limit your spending for your biggest, most costlier weakness desires, that is shopping unnecessary for designer's accessories or eating at restaurant too often.
We have to train ourselves to be financially independent unlike our mothers and grandmothers, whom having a partner, and hand over all our money, although that may be a gross generalisation as some woman these days handle a household finance but too many of us leave all the money decisions to our partner.
But yet we do need to look at some facts; Divorce is on the rise, you may not be in the same relationship until your golden years, the global recession which cause job lost, so you may not always rely on your partner's income.
Although the thoughts of such happening bores or dread you, it is important that woman must take charge of their own money to create a comfortable retirement should any of the above mentioned situations take place.
Ensure that you must have at least one account of your own and in your name is part and parcel of your own financial plans.
When making joint financial decisions on expenditures, investments, do not simply give the green light, or sign cheque without finding out the impact and profits.
As the saying goes; nothing ventured, nothing gained, it will be wise diversify some funds on slightly high risk investments to get better returns, although it is known that woman are traditionally relying on low risk products.
Sometimes venturing out of your financial comfort zone, can make your money grow faster, and as a result do shy away from financial products which seems to be unfamiliar.
To be on the safe side gather investment information from financial marketplace which explain about the products and how they achieved the return of investment and profits.
If you unsure about deciphering the information, it is wise to consult a financial expert before taking the plunge.
Remember and aware that all financial products have its associated risks and the potential return.
Some investment may use leveraging to enhance the performance but which also means that any downside within the investment is exaggerated and make sure you entirely understand the risks they entail.
Furthermore, do not just make decision for unknown financial products especially without the in-debt knowledge, so do get expertise from financial consultants.
Most financial consultants have made it their career to study money markets and know how to explore the most lucrative investment opportunities.
If you do not feel comfortable about having dump your funds into risky ventures than you may just stick to do what is best at your own discretion or you may attend financial seminars to enhance further knowledge.
Approach your saving plans in the same way as your diet, and to be successful, you need to be disciplined with firm decisions.
Always stick to your plans, do not start moving goalpost, or else you will end up feeling disappointed with yourself.
Also study about tax allowance, which many people do not realised that they are overpaying certain taxes, get basic information from the relevant department because as you get higher income it can be complicated, and consult with a tax consultant.
It is important to have a flexible retirement planning that had implemented in your goals spread sheet and it's never too late or early to think about retirement.
We must also realise that life does not always run smoothly as we hope, there will inevitably be times of hardship and periods of wealth.
Implement a retirement plan that can adapt to changes in any circumstances to ensure a comfortable golden period, reminding ourselves that the world economy is not stable, so be on alert especially on investment matters.
So woman start with your goals now, it's never too late.
"Do not go where the path may lead, go instead where there is no path and leave a trail.
" by Ralph Waldo Emerson.