Feb 9, 2024, 06:45 PM IST

9 things for women to grow wealth

Deepika Shakya

Prioritize education, skills development, and career advancement to increase earning potential and financial stability.

Invest in Yourself

Begin saving and investing as soon as possible to take advantage of compound interest and build long-term wealth.

Start Saving Early

Establish clear financial goals and create a budget to track expenses, prioritize spending, and save towards achieving those goals.

Set Financial Goals

Diversify investments across different asset classes such as stocks, bonds, real estate, and retirement accounts to and maximize return.

Invest Wisely

Contribute regularly to retirement accounts

Take Advantage of Retirement Accounts

Explore opportunities for additional income through side hustles, freelance work and rental properties

Create Multiple Income Streams

Avoid high-interest debt whenever possible and prioritize paying off existing debt to free up funds for saving and investing.

Manage Debt Wisely

Purchase insurance policies such as health insurance, life insurance, and property insurance to safeguard against unexpected expenses.

Protect Assets

Consult with financial advisors or mentors to develop a personalized financial plan, receive guidance on investment strategies 

Seek Financial Advice