- We’re too busy. Most women are busy working; running the kids to and from school, ball games; making meals; keeping the house clean; doing the laundry; and the list goes on. But, we really need to take time, even if it’s just one hour a week, to get educated and involved in our family finances. Carve out time when you and your husband can sit down together. Or, find a friend and learn together. You’ll hold each other accountable and learning with someone else is a lot more fun.
- Simply do nothing. Time is not on our side when we don’t take any action. One of the biggest potential losses is the gift of compounding interest. If, at age twenty, you begin investing $10 per week ($520 per year) at eight percent return, you’ll have $228,563 at age sixty-five. But, if you wait just ten years (age thirty) to invest $10 per week you’ll have $99,402 at age sixty-five. Starting ten years later will cost you $129,161. The bottom line is that simply doing nothing is NOT a good thing. Take action and do it now!
It’s time to get involved in your finances and start taking action. Just take one step at a time. Each step will help build your pathway to financial independence.
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