What Every Woman Needs to Keep Her Family Financially Secure Posted on October 7, 2021May 3, 2024 By Leigh Langston While men still dominate the workforce, the ratio is getting closer to 50/50. More than ever, women are being asked to support themselves and their families as the sole provider or in addition to another income source. Women need to protect themselves and their families by staying financially secure. Keep your family secure by keeping up with your skills, staying insured, and investing in the future. Keep Up Your Skills Whatever your situation in life is, it is wise to keep your professional skills sharp. Whether you intend to be a stay-at-home mom or you are content with your current job, keeping up with your skills will make you marketable to secure a good job at any time. You never know when your spouse will be unable to work, divorce, or widowhood will happen. Maintaining your networks, staying in touch with colleagues, and continuing to develop your skills will enable you to find a new job if the situation ever comes up. Stay Insured To protect yourself and your family, it is wise to invest in insurance. Medical insurance will help pay the bills if any health condition arises. Even if you are healthy, medical insurance will significantly impact the cost of routine health visits. Home and auto insurance are also important to protect against the unexpected. You never know when a storm or accident will occur and rather than paying out of pocket the investment in insurance will be worth it. Life insurance is also beneficial to protect your family if anything ever happens to you. Whether you choose a whole life or a term policy depends on your life insurance needs. Invest Women tend to have a longer life expectancy than men, but few have a retirement savings plan in place. When it comes to investing, you should make retirement contributions first to a 401(k). The earnings you contribute now will provide for you in the future. Once you have a healthy retirement savings plan, you can invest in stock and other companies to help grow your current accounts. These savings will prepare you and your family for a much more comfortable future. You never know what will happen to you in the future. But you can plan to protect your future self with your present actions. Keep your family financially secure by keeping up with your skills, staying insured and investing in yourself. Read this next: Advice for Going Into Business for Yourself About Author Leigh Langston editor See author's posts Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Related News financial securityInvestinginvesting in the futureprofessional skills
News Reasons Your Brand Should Start Product Bundling Posted on August 31, 2021August 31, 2021 You’ve likely seen all sorts of brands start to bundle their products and offer them for a lower price. Not every customer can afford a bundle, and you may not create the bundle they want. Still, product bundling can help grow your business in many ways. Check out the main… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More
News What Black Women Need to Know About Getting Into the Entertainment Business Posted on April 27, 2020December 12, 2022 Breaking into the entertainment industry is not easy, especially for Black women. Lately, however, there have been more and more opportunities for Black women to succeed in entertainment — all you need are the right resources. Here are three things you should know as a Black woman looking to break… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More
News Stop Asking Entrepreneurs For Free Advice: Use Pick My Brain Flash Cards Instead Posted on June 21, 2019August 11, 2022 Flash Cards for Entrepreneurs Dreams Inspire Reality Consulting will take their “Pick My Brain” flash cards on a national tour. The tour is inspired by Tara Darnley, a Black inventor and entrepreneur. Tara comments, “When I had our first idea over 4 years ago, I remember having no one to… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More