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Anyone can live their dreams.
Exploring the greatest possibilities that lie within you shouldn’t be some esoteric concept reserved for a few fortunate individuals who were endowed with a trust fund; it should be accessible to anyone with a vision and a willingness to tread the unknown.
More women are packing up their bags to travel the world, start businesses, and lead some of the most powerful institutional systems. They are leaving their fears aside and taking advantage of the opportunities that exist right in front of them.
But if you have financial fears holding you back, that leap might not happen overnight. Don’t worry. It’s still possible. You just have to be willing to take a few steps every day so you can finance the life you really want.
Ready to start living your dreams? Take advantage of these 3 financial tips and you’ll be living your dreams sooner than you think (and you’ll be smarter, too!).
Learn How to Invest in the Stock Market
“Don’t invest what you can afford to lose. Don’t be so afraid of losing that you never invest.” -Charlene Rhinehart
Investing in the stock market has created more wealth than working a 9 to 5. So why don’t more people learn how to invest?
At a recent “Banking on Women” event hosted by DyMynd, a financial empowerment and social innovation firm designed to support women and their emotional relationship with money, a panel of women shared their insights about women and investing.
“Investing is about confidence,” says Charisse Conanan Johnson, Founder of Charisse Says.
She continued, “A recent Fidelity report shows that eight out of 10 women are scared to talk about finances with people they are close to. But 75% of women want to learn more about investing.”
How do women learn more if they are afraid to ask?
Women have to feel comfortable raising their hand when they don’t understand market and investing terminology. In order for that to happen, there has to be a safe space where women can learn and grow without feeling incompetent. A good way to increase your investing knowledge is to subscribe to newsletters that make shopping at the stock market as easy as shopping at the mall.
Understand the Value of Precious Metals
Precious metals are older than sliced bread but they still hold value today.
When the dollar starts diminishing in value during a recession, people run to precious metals as a safe haven because it’s the universal system of sound money. And that’s been the case for over 5000 years! People can trust in the unwavering value of precious metals through the good and bad times.
Precious metals can help you preserve wealth because they don’t lose their inherent value.
If you want to learn more about precious metals, click here.
Immerse Yourself in the World of Cryptocurrency
Cryptocurrencies live in a world all on their own. In fact, it’s a digital world that few people are well versed in.
Bitcoin is the worlds’ first decentralized digital currency of its’ kind, serving as an investment and universal payment system. Bitcoin will be celebrating its’ 10 year anniversary in January 2019. Since bitcoin came on the scene, other digital currencies have tried to enjoy a successful claim to fame. With over 1000 cryptocurrencies dominating the market, the world is trying to see which cryptocurrencies will go mainstream.
If you invest in the right assets, you could become the next crypto billionaire.
Although regulation and tax reform has stalled the cryptocurrency climb that was seen in 2017, some of the prominent leaders in finance still believe in cryptocurrency. For example, Nasdaq CEO Adena Friedman says that Nasdaq would consider becoming a crypto exchange over time.
And let’s not forget that having some crypto in your account may save you money while you are traveling around the world. Say goodbye to expensive foreign transaction fees!
Are you ready to start investing? Send us an email at editor@wealthywomendaily.com to gain access to our courses. Subscribe below for more shopping tips that will enable you to live your dreams.
Disclaimer: Wealthy Women Daily is solely educational and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision. It is your responsibility to talk to an expert to understand how specific investments will impact you during tax time.
