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And we know it can be frustrating to think about all the hurdles women have to jump compared to men. From the pink tax and the wage gap to good old fashioned discrimination, here’s yet another thing to add to the pile. But although the wage gap is important and we’re not suggesting you ignore it, the investment gap may end up costing you the most — over a million dollars in potential retirement money, in fact. So although a raise is great and being paid just as much as your male counterparts is even better, a bump in your salary isn’t likely to secure a comfortable retirement.
If you want to become an investor and make your money work for you, start by educating yourself on investment basics. It’s important to remember that investments come with risks and no one ever feels fully confident in their decisions (even men). Once you have a good understanding of how they work and the markets you’d like to invest in, it’s time to make your first money moves towards having successful personal finances.
To get you started on the right foot and hopefully encourage you to begin your journey towards a financially independent future, we collected inspiring advice from the top female leaders across several industries. From businesswomen and entrepreneurs to top financial advisors and Wall Street executives, this advice is a great stepping stone to start investing.
Fidelity | University of California | WBS | Style Salute | Reuters | Merrill | Investopedia | Fast Company | Eventual Millionaire | Laura Adams | Bethenny Frankel | The Simple Dollar | Money | SoFi | The Balance Careers | Bank of America | Fidelity | CNBC | Pensions Institute
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