Clever Girl Finance empowers women with financial education that empowers them to build wealth and manage their money. The program is inspired by motherhood and personal experiences with building wealth, saving money, and investing. She is passionate about helping women reach financial independence and has a passion to help them. Click here to find out more about financial education for women.
Clever girl finance
Clever Girl Finance is a resource for women who are interested in financial education. The website offers simple and digestible courses, one-on-one mentorship, and a supportive community. You can learn how to build wealth, and save money for your dream goals. Clever Girl Finance has the right tools to help you make financial decisions that will benefit you, whether you're just starting up or making significant financial changes.
The website is written by Bola Sokunbi, an author, and certified financial education instructor who aims to empower women to become more financially secure. Her personal experiences help her teach women how to manage money. This includes investing, saving, salary negotiation and investing. She also shares stories with real women who use her process for financial security.
Bola Sokunbi
You need a plan when you're saving for the future. Sokunbi decided to visit a financial planner after she had saved money. She wanted help with her financial planning and goals. She began saving fifteen years ago when she accepted her first corporate job after college. She saved $100,000 within three years.
Bola was not always so disciplined. She was a New York City tech consultant at one point. She set a goal to save between 40 and 50 percent of her monthly salary. Her mother's business acumen inspired her. It was her mother's business skills that inspired her to start her own company.
Girl Scout Cookie Program
Girl Scout Cookie Program offers a fantastic way to encourage girls to become entrepreneurs and learn financial management skills. The program offers girls an opportunity to build their entrepreneurial skills and learn how to balance a budget. The program is also an excellent way to teach girls to make good decisions and build relationships.
Citizens Bank recently donated $7,000 for Girl Scouts of the Green, White Mountains. The generous donation supports the bank's efforts in celebrating Financial Literacy Month and promoting financial literacy. The Bank's Community Outreach volunteers shared with the girls their personal finance knowledge at the S.M.A.R.T. Cookie expo.
Driving My Financial Future program
Toyota Financial Services is partnering with Girl Scouts of the United States of America to offer the Driving My Financial Future Program. The Girl Scouts offer fun and experiential learning opportunities to girls of all ages. Toyota offers financial education for those who are less fortunate. Both organizations share a common commitment to financial education and environmental awareness. Toyota Financial Services, which is part of the Go Green Campaign, will donate $5 to GSUSA every paperless billing transaction.
Driving My Financial Future's program for financial girls aims to give 26,000 girls in need financial literacy. According to a survey, 90 percent of girls say that it's important to learn about personal finance, and 68 percent would like to learn how to save money. Despite this desire, many girls admit to not having the financial confidence necessary to make sound financial decisions.
FAQ
Who can I trust with my retirement planning?
For many people, retirement planning is an enormous financial challenge. You don't just need to save for yourself; you also need enough money to provide for your family and yourself throughout your life.
You should remember, when you decide how much money to save, that there are multiple ways to calculate it depending on the stage of your life.
For example, if you're married, then you'll need to take into account any joint savings as well as provide for your own personal spending requirements. You may also want to figure out how much you can spend on yourself each month if you are single.
If you are working and wish to save now, you can set up a regular monthly pension contribution. You might also consider investing in shares or other investments which will provide long-term growth.
You can learn more about these options by contacting a financial advisor or a wealth manager.
How to manage your wealth.
To achieve financial freedom, the first step is to get control of your finances. You need to understand how much you have, what it costs, and where it goes.
You also need to know if you are saving enough for retirement, paying debts, and building an emergency fund.
If you fail to do so, you could spend all your savings on unexpected costs like medical bills or car repairs.
What are the benefits to wealth management?
Wealth management offers the advantage that you can access financial services at any hour. Saving for your future doesn't require you to wait until retirement. If you are looking to save money for a rainy-day, it is also logical.
There are many ways you can put your savings to work for your best interests.
For example, you could put your money into bonds or shares to earn interest. To increase your income, property could be purchased.
If you use a wealth manger, someone else will look after your money. This will allow you to relax and not worry about your investments.
Who should use a Wealth Manager
Everybody who desires to build wealth must be aware of the risks.
New investors might not grasp the concept of risk. They could lose their investment money if they make poor choices.
Even those who have already been wealthy, the same applies. Some may believe they have enough money that will last them a lifetime. They could end up losing everything if they don't pay attention.
Each person's personal circumstances should be considered when deciding whether to hire a wealth management company.
How to beat inflation with savings
Inflation refers the rise in prices due to increased demand and decreased supply. Since the Industrial Revolution, when people began saving money, inflation has been a problem. The government attempts to control inflation by increasing interest rates (inflation) and printing new currency. There are other ways to combat inflation, but you don't have to spend your money.
You can, for example, invest in foreign markets that don't have as much inflation. Another option is to invest in precious metals. Two examples of "real investments" are gold and silver, whose prices rise regardless of the dollar's decline. Precious metals are also good for investors who are concerned about inflation.
What is wealth administration?
Wealth Management is the art of managing money for individuals and families. It includes all aspects regarding financial planning, such as investment, insurance tax, estate planning retirement planning and protection, liquidity management, and risk management.
What is estate plan?
Estate Planning is the process that prepares for your death by creating an estate planning which includes documents such trusts, powers, wills, health care directives and more. These documents are necessary to protect your assets and ensure you can continue to manage them after you die.
Statistics
- As previously mentioned, according to a 2017 study, stocks were found to be a highly successful investment, with the rate of return averaging around seven percent. (fortunebuilders.com)
- As of 2020, it is estimated that the wealth management industry had an AUM of upwards of $112 trillion globally. (investopedia.com)
- If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
- US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)
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How To
How to invest your savings to make money
You can make a profit by investing your savings in various investments, including stock market, mutual funds bonds, bonds and real estate. This is called investing. You should understand that investing does NOT guarantee a profit, but increases your chances to earn profits. There are many ways to invest your savings. You can invest your savings in stocks, mutual funds, gold, commodities, real estate, bonds, stock, ETFs, or other exchange traded funds. We will discuss these methods below.
Stock Market
Stock market investing is one of the most popular options for saving money. It allows you to purchase shares in companies that sell products and services similar to those you might otherwise buy. The stock market also provides diversification, which can help protect you against financial loss. If the price of oil falls dramatically, your shares can be sold and bought shares in another company.
Mutual Fund
A mutual fund refers to a group of individuals or institutions that invest in securities. These mutual funds are professionally managed pools that contain equity, debt, and hybrid securities. The mutual fund's investment goals are usually determined by its board of directors.
Gold
Long-term gold preservation has been documented. Gold can also be considered a safe refuge during economic uncertainty. It is also used as a form of currency in some countries. Due to investors looking for protection from inflation, gold prices have increased significantly in recent years. The supply and demand factors determine how much gold is worth.
Real Estate
Real estate includes land and buildings. Real estate is land and buildings that you own. To generate additional income, you may rent out a part of your house. The home could be used as collateral to obtain loans. The home may be used as collateral to get loans. You must take into account the following factors when buying any type of real property: condition, age and size.
Commodity
Commodities can be described as raw materials such as metals, grains and agricultural products. Commodity-related investments will increase in value as these commodities rise in price. Investors looking to capitalize on this trend need the ability to analyze charts and graphs to identify trends and determine which entry point is best for their portfolios.
Bonds
BONDS ARE LOANS between governments and corporations. A bond is a loan in which both the principal and interest are repaid at a specific date. If interest rates are lower, bond prices will rise. An investor buys a bond to earn interest while waiting for the borrower to pay back the principal.
Stocks
STOCKS INVOLVE SHARES of ownership in a corporation. Shares represent a fractional portion of ownership in a business. If you own 100 shares, you become a shareholder. You can vote on all matters affecting the business. Dividends are also paid out to shareholders when the company makes profits. Dividends refer to cash distributions made to shareholders.
ETFs
An Exchange Traded Fund, also known as an ETF, is a security that tracks a specific index of stocks and bonds, currencies or commodities. ETFs trade just like stocks on public stock exchanges, which is a departure from traditional mutual funds. The iShares Core S&P 500 Exchange Tradeable Fund (NYSEARCA : SPY) tracks the performance of Standard & Poor’s 500 Index. This means that if you bought shares of SPY, your portfolio would automatically reflect the performance of the S&P 500.
Venture Capital
Ventures capital is private funding venture capitalists provide to help entrepreneurs start new businesses. Venture capitalists provide financing to startups with little or no revenue and a high risk of failure. Venture capitalists invest in startups at the early stages of their development, which is often when they are just starting to make a profit.