DiscoverThe Working Mom Mindset059 - The Importance of Financial Literacy for Women with Shana Sissel
059 - The Importance of Financial Literacy for Women with Shana Sissel

059 - The Importance of Financial Literacy for Women with Shana Sissel

Update: 2019-08-14
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Some key notes from the interview

Organizations that get young women involved in investing
rockthestreetwallstreet, investher

Stat: Young women get deterred from math early on
Stat: 2/3 don't know anything about investing

Financial literacy isn't part of any curriculum

Women are better investors - they take less risk, less rash decisions

Stats
Men are 8.6%, women 9% savings of salary
Men 6% return, women 6.4% return
Long term, women do better with investment

Recommendations:
Get them EXCITED about finance
Get a brokerage account, buy stock & educate them on the company

Reference Blog Posts
https://www.nerdwallet.com/blog/investing/set-kids-brokerage-account/
thebalance.com/best-custodial-accounts-4173051

Savings vs. Investing

1/3 of women have 50k in savings, but savings doesn't grow

You build wealth by putting $ to work for you

Stocks are best for long term

(acorn & capitale are great for investing)



Connect with Shana below!
Twitter @ShanaS621
Instagram Mrs. Evanston 2020

Thank  you for listening, it means the world to me that you're tuning in and that I can help you! 

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059 - The Importance of Financial Literacy for Women with Shana Sissel

059 - The Importance of Financial Literacy for Women with Shana Sissel

Natalie Ihde / Shana Sissel