#Women and money

[coochiequeens]

Men and women have very different approaches to money — and that affects how they pass on wealth to their children.

Many women look beyond their family when thinking about what to do with their wealth, according to a new report from UBS that compiled surveys and data from the Swiss Bank and other sources.

“For women, legacy often means more than passing wealth down to the next generation; it also means being capable of positively impacting the lives of others,” Marianna Mamou, head of “advice beyond investing” at UBS Global Wealth Management, told CNBC Make It.

For example, the way women invest their wealth is often aligned with their personal values or in service of causes. Those could be anything from supporting charities to helping their heirs start a business they believe in or purchase a home, the report says.

Women also view their wealth overall in a specific way according to the report.

“Women tend to perceive and value wealth mainly as a source of security and tend to focus on being financially secure and able to afford a certain lifestyle for themselves and their loved ones over the long term,” it says.

How women pass on their wealth

Women also tackle questions about how to pass on their wealth to their heirs differently from men, the report noted.

As for the question of when to pass on wealth, the differences between men and women are especially pronounced, the report found, citing data from the 2022 UBS Investor Watch survey.

“More women prefer to wait and pass on wealth after their death as they don’t want their heirs to worry about their health. In addition, more women than men worry about disputes between heirs,” Mamou says.

For example, 44% of women are concerned about the latter point, compared to 37% of men.

“Another reason that women prefer to delay handover of wealth while they are alive is that they want to remain flexible,” Mamou adds. Sixty-three percent of women and 53% of men gave this reason in the UBS survey.

When it comes to arguments for passing on assets while they’re still alive, 66% of women say younger generations already need monetary support, compared to 61% of men. They are also slightly more motivated by educating heirs about handling wealth.

Men, on the other hand, are more likely to transfer money before their death for tax reasons (65% of men and 61% of women said this) or to watch their heirs make use of it.

Succession planning

The gender differences don’t stop there.

In addition to women being unsure about how much wealth they can pass on, the report found that one of the reasons they are hesitant to do so before they die is that they aren’t sure how.

“There is a gender gap in the understanding around succession planning,” the report concludes.

Getting expert advice — including on how to invest in a way that ensures wealth growth is balanced with values — and making plans sooner rather than later are therefore key, the report says.

One thing that might help with this is that women say they find it easier than men to talk about money with their families, according to UBS data. Such discussions around wealth can also help with concerns like conflicts around inheritance and financial skills, Mamou adds.

“Including younger generations in investment decisions should lead to a smoother transfer of wealth with fewer surprises. Furthermore, incorporating sustainable investing solutions can also be a great way to engage with, and bring in, the next generation,” she says.

“Investing together with the next generation provides a great opportunity to pass on the values and financial lessons that matter when the next generation comes of age.”

A final point the report makes is that women often outlive — and therefore inherit money from — men. That means they have more wealth to transfer to the next generation — making plans and conversations about this even more important.

#Women and money #financial literacy #inheritance

[fiercemillennial]

Money Talks: The Middle Class Myth – How Much Do You REALLY Need in Each State?

Money ain’t everything, but it sure helps! 🤑 We're spilling the tea on what it takes to live that "middle class" life in each U.S. state. Spoiler: It's not as simple as you think! Hit the link for the full scoop and get your money game on point.#FierceMillennial #BossUp #MoneyMoves #MiddleClass

Spoiler: It ain’t the same everywhere, honey. We’re breaking down the numbers and giving you the real deal on what it takes to live comfortably in 2024. Listen up, fierce fam! We all know the “middle class” is this elusive thing everyone’s chasing, but what does it even mean in 2024? And how much dough do you need to stack up to actually live that life? Well, buckle up, because it’s about to…

View On WordPress

#Boss Up #budgeting #cost of living #FIERCE EMPOWERMENT #FIERCE MILLENNIAL #financial goals #income #middle class #personal finance #salary #women and money

[dragonomatopoeia]

i'm always a bit unsettled by disdain for intellectual or creative labor in leftist spaces. there's this commonly held belief that academics are a bunch of rich old white men, rather than a wide variety of people who are barely getting by. most lecturers in universities are adjuncts living paycheck to paycheck. authors make very little money as a general rule. most researchers are overworked and underpaid. and yet there's still this idea that academics are overcompensated to sit around and smoke cigars together while making shit up

#seeing the response to the plagiarism video of 'this is a victimless crime' rubs me the wrong way #these are your fellow workers who are having their work stolen by people making considerably more money #and by and large the people whose work gets stolen are the people who the plagiarists think they can more easily steal from #namely people of color and especially women of color and lgbt people of color #especially the poorest among them without substantial backing or large audiences

[maximizeyourmedicare]

Women and Money: Alliance for Lifetime Income Findings

Women and Money: Alliance for Lifetime Income Findings Actual data confirming what makes the most sense. Traditional gender roles plus a dose of bias, and you get the inevitable challenges facing slightly more than half the population. You can read the entirety here. After years of speaking with everyday people, this doesn’t really come as a surprise to me, and I have discussed it, every time I…

View On WordPress

#Income Inequality #Financial Empowerment #Personal Finance #Lifetime Income #Alliance For Lifetime Income #Money #Bias #Women And Money #Gender Roles #Challenges #Population #Gender Equality

[foreverrryourssss]

2024

#black girl moodboard #goddess energy #aesthetic board #moodboards #luxury aesthetic #my moodboard #black girl aesthetic #black women #black femininity #nsfq #self care aesthetic #self care #rich black women #soft life #black women in luxury #black girls in luxury #travel #great escape #reading #money

[finances4females]

#shopping #shopping addiction #addiction #finances #women and finance #women and money #budgeting

[marzipanandminutiae]

thoughts on "tradwives" as a 19th-century social historian

It's great until it's not.

It's great until he develops an addiction and starts spending all the money on it.

It's great until you realize he's abusive and hid it long enough to get you totally in his power (happened to my great-great-aunt Irene).

It's great until he gets injured and can't work anymore.

It's great until he dies and your options are "learn a marketable skill fast" or "marry the first eligible man you can find."

It's great until he wants child #7 and your body just can't take another pregnancy, but you can't leave or risk desertion because he's your meal ticket.

It's great until he tries to make you run a brothel as a get-rich-quick scheme and deserts you when you refuse, leaving your sisters to desperately fundraise so your house doesn't get foreclosed on (happened to my great-great-aunt Mamie).

It's great until you want to leave but you can't. It's great until you want to do something else with your life but you can't. It's great. Until. It's. Not.

I won't lie to you and say nobody was ever happy that way. Plenty of women have been, and part of feminism is acknowledging that women have the right to choose that sort of life if they want to.

But flinging yourself into it wholeheartedly with no sort of safety net whatsoever, especially in a period where it's EXTREMELY easy for him to leave you- as it should be; no-fault divorce saves lives -is naive at best and dangerous at worst.

Have your own means of support. Keep your own bank account; we fought hard enough to be allowed them. Gods willing, you never need that safety net, but too many women have suffered because they needed it and it wasn't there.

#history #women's history #pregnancy mention #my mother (born 1953) drilled this into me from an early age: have a safety net. have a skill and keep it up to date. have your own money #NEVER join bank accounts. keep a hold on your assets. #well and good to be a stay-at-home wife and mother- I know other lesbians who want that even! #but if your partner is your sole financial support...you're courting danger IMO

[cheerstoyourwealth]

2023 Q1 Passive Income

Happy April Fool’s Day! I can’t believe we are in April and soon taxes are due (for most). I live in an area that is affected by severe weather this past winter (not personally), so my taxes are not due until October. I am hoping for a refund, but I won’t know until I do my taxes. I am pretty happy with my passive income in the first quarter though. (more…) “”

View On WordPress

#CD #DGI #dividend #emergency fund #ETF #financial goals #financial independence #financial planning #FIRE #i bonds #muni bonds #passive income #savings #stocks #women and money #women finances #Women on FIRE

[wiisagi-maiingan]

I'm all for natural remedies and traditional medicine, but I think when your "natural remedy" is based on the idea that water can become medicinal by being in the presence of a teeny itty bit amount of something, then it's probably bullshit and you're getting scammed. Go buy some ibuprofen or see a doctor.

#this is a long way for me to say that homeopathy is a scam!! #and that ''homeopathic professionals'' deliberately prey on vulnerable and scared people #especially chronically and terminally ill women looking for help and answers to illnesses they don't understand #so then they end up paying absurd money for fucking PLACEBOS #literal bottles of water and sugar pills that can supposedly cure their diabetes or fibromyalgia or cancer #and it's fucking disgusting and shameful okay

[sisstarloop]

Tricia M. Taitt - Author, Dancing With Numbers

Tricia M Taitt is CEO of FinCore (fincorestrong.com), a boutique fractional CFO services company helping small business owners build financially healthy businesses, feel confident in their CEO shoes, and choreograph the lives they want. A champion for financial education, especially for women entrepreneurs, Tricia has given keynotes and taught workshops on small business financial management, domestically and abroad. She holds an MBA from Fuqua (Duke U.) and a bachelors in finance from Wharton (U. of Pennsylvania). She started her finance career on Wall Street at Merrill Lynch and Citigroup. Tricia is both a math nerd and a professional dancer, working since 2007 with companies like Forces of Nature Dance Theatre. In 2013, she joined the cast of the Tony award-winning Broadway musical, Fela!

#sisstar #sisstar loop #women of color #women empowerment #women in finance #women and money #money matters #money #money mindset #financial education #women in business #women owned business #cash flow

[sunshinewalks]

"Gold is the money of Kings" - Norm Franz

#beauty #gold #earn money online #pretty #poetry #shimmering #blacklivesmatter #black women #black tumblr #black beauty #black man #feminism #feminist #beautiful #haiti crisis

[coochiequeens]

Ladies, let’s encourage each other to build our savings.

By the age of 25, Tori Dunlap had saved $100,000 and used the money to start a company, called Her First $100K. Three years later, the personal finance educator boasts more than 2 million TikTok followers, a No. 1-rated podcast, and a book scheduled for release later this year: “Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love.” 

Dunlap says she’s now financially independent — a goal that she believes all women should achieve. While Dunlap’s purpose is to help women pay off debt, save money and invest wisely, her advice also applies to men.

A strong financial foundation is essential, Dunlap says, to provide the freedom to leave toxic work environments and other unhealthy situations. “I want every woman to feel financially confident,” she adds. “It’s so important to get a financial education. The goal is to use money as a tool to build a better life for you, your family, and your community.” 

1. Money is an uncomfortable topic for many women: The first step is to get more women to talk about money. “According to statistics, men are more likely to talk about money than women,” Dunlap says. “Women will talk about sex, death and religion more than they do about money, and I’m working to change that.”  

2. Create an emergency fund: One of the most important financial goals is to create an emergency fund. “You need at least three months of living expenses in a high-yield savings account,” Dunlap advises. “Start putting money aside that will supplement your income in case of an emergency.” 

3. Pay yourself first: A top priority, Dunlap says, is to pay yourself first. “Treat your future self like another bill,” she says. “Then you’ll be able to save that money and put it on autopilot without having to think about it. I sometimes joke that many people give Netflix more money each month than they are giving themselves. I’m not saying to cancel Netflix, but you deserve to give yourself at least the amount of money you pay for movies.” 

4. Set up an automatic transfer: Dunlap is a big believer in automatic transfers. “Regardless of how much debt you have, set up an automatic transfer from your checking account to your 401k, IRA (Individual Retirement Account), or savings account every week or month, or set up a direct deposit from your paycheck. Also, autopay your bills as much as you can. You want to automate your financial life as much as possible to make it easy to save money.”

5. Count on index funds: Like many financial experts, Dunlap recommends creating a long-term investment strategy. “The beautiful part about thinking of investing as a long-term commitment is that the strategy doesn’t change so it’s way less work because you’re not managing it all of the time.” 

“I’m not thinking of next week or next year but 10-, 20- or 30 years from now,” she says. “There are going to be peaks and valleys. The most important part is to manage your emotions. For me, investing should not be sexy. That is why I will invest in index funds until I die.” Her personal favorite is Vanguard Total Stock Market ETF VTI, -0.19%.  

During a bear market or recession, Dunlap doesn’t change her index-buying strategy. “I stay the course,” she says. “During a down market, index funds are on sale. I’m also thinking strategically about building a bigger emergency fund. If you don’t have an emergency fund or one that will supplement you, then increase your income by negotiating for a raise, or getting a secondary source of income even if it’s a couple of hours a week.” 

In the media, for example, financial advice for men, Dunlap says, is geared towards investing, wealth building, negotiating salaries and buying real estate. In contrast, financial articles for women, she says, “are about deprivation, such as ‘You are not rich because you don’t work hard enough, you are a frivolous spender, or you buy too many lattes or avocado toast.’ This is not true!” 

Dunlap is determined to change that stereotype. “I want women to grow their wealth as opposed to shrinking smaller. I need them to make strategic decisions about their money rather than minimizing spending. All of the advice on deprivation don’t work (one of the reasons most diets don’t work). The goal is to find that balance between spending and saving.” 

Dunlap says many women don’t realize that investing is a two-step process. Step one is to deposit money into a retirement-oriented investment account such as an IRA or 401k. Step two is to choose an investment, such as a stock- or index fund. Says Dunlap: “Too many women miss step two and the money sits in financial purgatory, not earning interest. This may be obvious to financial reporters but so many women I meet never purchased an investment. No one taught them how to do it.” 

Dunlap also advocates “value-based spending” — figuring out what you truly value and spending the majority of your discretionary income on those things. “I tell people that you don’t have to stop spending money,” she says. “Just stop spending money on things you don’t care about.” 

Michael Sincere (michaelsincere.com) is the author of “Understanding Options” and “Understanding Stocks.” His latest book, “How to Profit in the Stock Market” (McGraw-Hill, 2022) is aimed at sophisticated traders and investors.  

More: Hear from Carl Icahn at the Best New Ideas in Money Festival on Sept. 21 and Sept. 22 in New York. The legendary trader will reveal his view on this year’s wild market ride.

#Women and money #tori dunlap #Financial feminist

[theereina]

Money Making Vision Board for 2023🤑💰

This year we making money, attracting bags, staying paid, making moves, and stacking paper!

#happy new year #new year #new year new me #vision board #black girl moodboard #rich girl #rich moodboard #money making #abundance #abundantmindset #high value woman #black women luxury #luxury lifestyle #luxury #level up #glow up #spoiled #level up journey #high maintenance #soft life

[expulence]

𝓨𝓾𝓶...

#luxury aesthetic #billionaire #level up #millionaire #boss #glow up #luxury #girl boss aesthetic #self care #self love #breakfast #fine dining #fine china #rich aesthetic #rich girl #rich #big money #money #women in luxury #black women in luxury #girl bosses #boss lady

[fairyygore]

｡ﾟﾟ･｡･ﾟﾟ｡ ﾟ。RiRi ୨୧

#rihanna #riri fragrance #riri by rihanna #photoshoot #behind the scenes #badgalriri #riri #pink aesthetic #pink dress #dollette aesthetic #dollette #coquette aesthetic #coquette #coquette black girl #black coquette #old money aesthetic #rich black women #black women in luxury

[girlokwhatever]

I would LOVE a makeout sesh with Kate! either hcs or a little smut fic either works 🤪

kate martin x fem!reader making out hcs

✧˖°༉‧₊˚.☁︎𐦍༘⋆‧₊˚ ⋅* ‧₊ kate martin making out with her gf,,

— there is no such thing as space when you and kate are making out

- she holds you so close it’s actually insane

— she’s so whiny and needy for you

— hands are gripping your thighs, kneading them and keeping them pressed against her body

— lowkey kinda sloppy but she can’t help it

- like she’s so obsessed with you

— loves to french kiss the hell out of you

- constant battle for dominance

— will make out with you absolutely anywhere in your apartment

— she’s so out of breath but she’s not a quitter

— if you pull away she’s immediately kissing somewhere else

- neck, jaw, shoulder, collarbone you name it

- will give you an insane amount of hickeys on accident

— the make out sessions start as soon as you put on her favorite chapstick

— can never make out in one position for too long

- will go from sitting down to flipping you on your back

— ESPECIALLY LOVESSS when you straddle her during make outs

- will help you grind on her lowkey

— it always starts out fast and passionate but ends up so slow and languid cause yall have been at it for so long LOL

— refuses to answer the phone during a make out sesh

- “kate, your phone is ringing”

- “it’s fine, just c’mere.”

— if her hands aren’t on your thighs they’re probably up your shirt ngl

— it’s her fav pre-game pastime!!

— will literally beg to take your clothes off cause she just wants to be close

— likes when you tug on her hair

- especially if it’s in a ponytail

— she literally wants to make out at least once a day

- “no kate, i just finished my makeup.”

- “please?”

- “…fine.”

— sometimes she does ask but most of the time is just happens naturally

— loves loves loves her early morning make out sessions with you

— makes jokes about how easily she takes your breath away

- literally only because she won’t let you pull away

— walking around with your lipstick all over her mouth afterwards 🤭

— will start off by giving you little pecks or kissing your neck to get your attention

— sometimes gets your foundation on her nose too LOL

— it’s like tradition now honestly

— “babe, wear that strawberry chapstick today, it’s my favorite.”

- “i thought the lemon was your favorite?”

- “i just said that so you’d kiss me.”

✧˖°༉‧₊˚.☁︎𐦍༘🪐⋆‧₊˚ ⋅* ‧₊

kate and reader are my fav cutie pies tbh

#kate money martin #i need kate martin #i love kate martin #kate martin smut #vote for kate #kate martin x reader #kate martin #kate martin imagine #kate martin fic #iowa women’s basketball #iowa wbb #iowa hawkeyes #las vegas aces #wnba #wcbb #wcbb x reader #lesbian #bisexual #lgbtqia #lgbtq #wlw slay #wlw yearning #wlw post