Why become Wealthy Woman?

The key reason why women need to become financially independent is that increasingly they cannot rely on anyone else (partner, employer, government or pension scheme) to provide for them in old age.

Being a wealthy woman doesn’t mean being ‘filthy rich’. It means having a secure income that maintains your standard of living, even when you are no longer able to work.

Positive Input can help you achieve financial independence by joining our Wealthy Woman programme.

Here are a few statistics:

• In the US 47% of women over the age of 50 are single.

• Women’s retirement income is typically less than men’s because of interruption to their working lives through family responsibilities.

• 50% of marriages end in divorce. The woman usually has care of the children

• In the first year of divorce a woman’s standard of living drops by an average of 73%.

• Married ‘Baby Boomer’ women (born 1945 – 1956) can expect to outlive their husbands by 15 to 20 years.

• The average woman born between 1948 and 1964 will have to keep working to the age of 74 due to inadequate savings and pension coverage.

• 3 out of 4 elderly living in poverty are women but 80% of these were not poor when their husbands were alive.

Source: Rich Woman – Kim Kiyosaki – Rich Press 2006

Though these statistics are for the US, the UK ones are pretty similar. I’m wondering about the likelihood of things getting any better for younger women?

Women are usually better money managers than men

There’s plenty of evidence to show this. However, they have often been convinced of the opposite…… by men!

This is not quite as insidious as it may sound. In the early years of a woman’s life, the usual impulse is towards having children. With this goes the instinct to find someone who can be relied on to protect and support us during the years of vulnerability.

Sometimes this leads us to leave decisions about money to our partner while we are preoccupied with having and nurturing the children.

However, this situation does not go on for ever. Once children start to become independent the biological impulse on both sides wears off. After children grow up motivations as a couple are not necessarily so parallel. A compatible couple in their mid twenties may no longer be so in their mid forties. The 50 % UK divorce rate is concentrated around couples in their forties.

Some middle aged men look to repeat the process with a ‘younger model’ which may leave some women even more financially insecure.

Make sure, you’re a wealthy woman and are financially independent!

Initially financial independence may come from a job. However, it would be better to have an income which does not require you to work when you don’t wan't to or can’t.

Positive Input can help you achieve financial independence. Apply to join our Wealthy Woman programme to get help and support from an on-line mentor.

Of course this programme is also open to men!
 

It’s not an overnight process and you know you’ll need some time and careful planning. It’s never too late to start and Positive Input can get you started!