How To Be A Financially Secure Single Woman
As millennials begin to take over the majority percentage of the workforce, and baby boomers begin to retire, traditional values begin to change. Social norms are thrown to the wayside. The average woman in our current day doesn’t look towards getting married, she looks towards developing herself more in her career. According to a study by Birger there are 5.5 million college-educated women between 22 and 29 in the United States.
Women are staying single to become more educated, focus on their career development, and make more money. Being traditional just isn’t exciting – making our own money is. The necessity to get married is now unnecessary because women today have more economic power and are better educated when negotiating beneficial business deals. Women are over half of the economy, so doesn’t it make sense that we reach our full potential and drive our economy to become more prosperous? Independent women love what they do, and enjoy a fuller, richer, and more freedom-based life.
To name a few independent women, check out these happy, healthy, successful mavens.
If you’re a single woman and wondering how to get to financial independence, there are two specific parts you need to fundamentally know in order to become successful and be the financially independent woman you desire to be. The best time to become financially independent is now. Take action today, and prepare yourself for the success to come. You have all the opportunities at your fingertips. Here’s how to be financially independent as a Secure Single woman in 2 parts:
Part One: Vamp Up Your Income Earning Ability:
Read Financial Literacy Books
One way to become more financially fit is to read about it. The more you study about becoming financially secure and independent, the better your financial situation will be. There are many books on Amazon.com, such as Financially Independent Woman Step by Step, and also books at your local library. You have all the resources you need at your fingertips. Take the initiative.
Learn A Marketable Trade
If you are considering college, pause for a second. Look at trade schools that will teach you skills you can market to the workforce. Take time in researching what you really want to do with your life. Since working takes up the majority of time in our awakening hours, it would benefit you to find something you love.
Apply to Jobs That Challenge You
Always shoot higher than your current situation. Believe in yourself enough to know that whatever situation you are in, you can change it and make it better. The world is an abundant place. Keep applying for jobs you want to get into. Leverage your skills to market yourself, and find a way to add massive value. Your success begets success. Start out with baby steps.
Networking with similar career focused women will help you sharpen your mind. You will learn a lot, based on the relative content, and will need to keep good notes. To truly get an ROI after attending a conference, go home and pull your notes out. Assets what you learned and how it can apply to your life today. Invest in a daytime planner, and integrate how you will use with what you learned. Order well-polished business cards that reflect you and your business in a positive light. At the conference, be sure to go around the room and introduce yourself to professionals you would like to meet with. Don’t be shy – take the old ‘1, 2, 3.. Go!’ approach. You may just meet your next business partner.
Part Two: Allocate Your Monetary Rewards Smart:
Save 10% Of What You Earn and Invest
This principle is borrowed from The Richest Man in Babylon. Every time you earn money, pay yourself 10% of the earnings before you pay for anything else. This will build a security blanket for you, and it will also start to stack up over time. Having an allotment of savings, and knowing how to save, is a super-key to success.
Invest Your Earnings
With a trusted advisor, invest a percentage of what you earn. Make your money work for you. Over time, your money will multiply, and your assets will start to stack up.
When You Earn, Live Below Your Means
This means being smart with your money. Live frugally, even when you see your income go up. Spending less than you earn will benefit you in the long run. You will start to have extra cash stack up.
Never Give Up On Yourself
This is probably an essential step in the battle inside. You have to first believe you can do something. You inevitably will come across hardships, heartbreaks, and those moments where you throw your hands in the air. The key is to acknowledge those feelings, express them in a healthy way, like journaling or going to a kickboxing class, and then moving on. Live the positive moments for a longer time, and shorten the hardship times. Worrying does absolutely nothing. Get in gear, and move ahead. Believe in yourself, and pick yourself up off the ground. Remain 100% positive that you are the only one who can save yourself (from yourself). Success starts in the mind with the right attitude. So go forth and be brave! Don’t give up!
Through mastering part one and two, you will develop mastery and self-discipline, two essential principles for success. Single women today can be financially independent, it is achievable. If you have the internet and are reading this article now, you literally have all the resources at your fingertips.
Freedom can be yours. The only obstacle that stands between you and what you want are the focused hours of work you put into your vision. You will get there, take one step at a time. See you at the top!