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If Jane Austen wrote Pride and Prejudice in the 21st century, the opening line would probably be something like: If Jane Austen wrote Pride and Prejudice in the 21st century, the opening line would probably be something like:
It is a truth universally acknowledged that women are progressively getting financially independent and self sufficient with time.
Are you in need of urgent cash? Just ask your mother and witness the magic as she brings out the required amount from a secret stash.
These days, women not only contribute to family income but also manage monthly household budgets and finances. A new generation of educated women is working in well-paid jobs across the country. With an increase in jobs, more women have disposable income at their hands. With these investment options, independent women can secure their financial future and enjoy good returns over the years.
In this article, let’s find out how an independent working women can invest her money based on her goals and aspirations.
Importance of financial planning for Women
Financial planning is not just about saving money. It is a complete shift in your attitude towards money, which is investing your money with a purpose.
Don’t let the fear of finance planning ruin your financial independence.
The first step is to create a list of financial goals you wish to achieve. These can be short-term goals like purchasing a car in the next 6 months, medium-term goals like taking a vacation to Hawaii with your friends in the next 18 months or long-term goals like starting your own business in the next 5 years.
Financial planning allows you to remain independent even after you retire. When you invest a portion of the salary towards a retirement fund, you can take care of your expenses during retirement, support your family and be ready for any surprises that life may throw at you.
reliancesmartmoney.com eases your effort to plan your finances and helps you invest to fulfil your aspirations.
Investing for a better tomorrow
Saving money is good, but investing it is better. This is because, while saving money can help you reach a few financial goals, investing money in the right avenues allows you to build your wealth over the long term at a much faster rate. It is time to upgrade to investing, and it becomes simpler when you start early.
Best Investment options for Women
Many women tend to put their money into savings accounts or fixed deposits because they are safe. Bank accounts provide great capital security. But what if you could obtain similar levels of capital protection along with better returns?
Systematic Investment Plans (SIP)You can set aside a sum of money from your earnings every month, in form of a SIP with reliancesmartmoney.com with as little as Rs. 500 each month. When you invest regularly through a SIP, you can achieve a substantial amount in the future. In the beginning, it doesn’t matter how much you invest as long as you invest regularly through Systematic Investment Plans (SIPs). |
Invest in Stocks or Equity Mutual FundsIf you are interested in higher returns, you can consider investing in stocks or equity mutual funds. These investments offer comparatively higher returns per annum. The risk exposure is a bit higher, but when you invest for the long term, you can minimise the risk and maximise your returns |
Debt Mutual FundsDebt mutual funds are a relatively safe mutual fund investment avenue, and they generally provide inflation-beating returns per annum. In addition, you can withdraw your money any time you want in case you wish to address a financial emergency. |
ETFs & Sovereign Gold BondsSimilarly, you can invest in many other financial instruments like, Exchange Traded Funds (ETFs), Balanced funds or SGBs based on your risk appetite and financial goals, all under just one platform with guidance backed by research at reliancesmartmoney.com. |
If you do not have an account with reliancesmartmoney.com, help us open your Demat account and experience the world of online investing.
Conclusion
Investing money from an early stage is a great way to increase your wealth steadily over the long term. And when you invest through reliancesmartmoney.com, you can benefit from a host of features including the Robot Assist feature, appropriate recommendations based on research and fund comparison options to help you make investment choices that will suit you the best.
