Celine’s blog: Why women should be more involved with financial planning and investing

An increasing amount of women handle day-to-day family finance and assume leadership in investing. You should follow that lead. Five reasons why:

1. As a woman, there’s a 90% chance you will have to manage your finances on your own at some point in your life (Women in the Labor Force: A Databook,” U.S. Bureau of Labor Statistics, 2012)

2. Women are typically more successful investors than men, partly because their risk aversion is significantly higher. As women, we favor long-term investing and buckle less easily under pressure.

3. Women tend to view investments as a way to secure their family’s financial future. Therefore, you’re selling yourself and your family short by taking the financial back seat.

4. Our children learn so much from us and we all want the best for them. Teaching them to be strong and financially independent is a gift, which will keep on giving. Lead by example.

5. “64% of women millionaire investors and 82% of women ultra-high-net-worth investors sought financial advice” (James Roberts, CFP, and CEO of Roberts & Team Wealth Management). Education is key and is the best place to start.

Try to find a professional you trust and identify with and ask her for guidance.