Skip to content

Tengruipharm

Just another WordPress site

  • npressfetimg-12359.png
    Danielle Gannon Named Little League® Graphic Designer – Little … – littleleague.org Graphic design
  • npressfetimg-4926.png
    Lionel Messi warned Aguero to ‘stop drinking’ after Argentina’s World Cup final win – but former Man City f… – Goal.com Stop drinking
  • npressfetimg-19214.png
    Quit Smoking: 7 Ways For Women To Overcome Tobacco Craving – CrunchyTales.com Quit smoking
  • npressfetimg-8849.png
    How To Break Bad Habits For The New Year – Muscle & Fitness Bad habits
  • npressfetimg-35108.png
    ‘TikTok traffickers’ who advertise Channel crossings will be targeted … – iNews Advertise online
  • npressfetimg-909.png
    5 ways to earn passive income – Fortune Passive income
  • npressfetimg-2854.png
    Your gut bacteria may influence how motivated you are to exercise – New Scientist Motivation
  • npressfetimg-35447.png
    5 Bad Fitness Habits That Cause You To Lose Muscle Mass – Eat This, Not That Bad habits
npressfetimg-2450.png

How Gen Z Women Can Achieve Financial Independence – Yahoo Finance

Posted on December 17, 2021 By Financial independence No Comments on How Gen Z Women Can Achieve Financial Independence – Yahoo Finance

AleksandarNakic / iStock.com

According to a recent Bank of American survey, 51% of Gen Z adults are not yet financially independent — but many of them want to be. The survey found that among those who are not fully financially independent, 24% said they are prioritizing getting to that point. However, this can be more of a challenge for Gen Z women than men. The same survey found that Gen Z women are less likely to feel knowledgeable about investing (22% compared to 37% of men) and are less likely to have invested in the stock market over the last year (17% versus 25%). In addition, Gen Z women feel less knowledgeable about managing debt (56% versus 66%) and saving for retirement (35% versus 41%). But despite these gaps, there are steps Gen Z women can take now to achieve financial independence. In today’s “Financially Savvy Female” column, we chat with Faisa Stafford, a personal finance expert from the nonprofit Life Happens, about the top five things Gen Z women should be doing to make sure they are on track to achieve this goal.

Keep Up With the Latest: Sign Up for The Financially Savvy Female Newsletter
Stay in the Know: Read More From the Financially Savvy Female

1. Get a True Picture of Your Financial Health

“Assessing your financial health is the first step in building a strong financial plan and achieving financial independence,” Stafford said. “To do this, I recommend you sit down and make a list of what you own (your assets), what you owe (your liabilities) and what financial products you currently have (this includes life insurance, disability insurance, etc.). Whether you’re in college, just graduated or have joined the workforce, getting a true assessment of your financial health is so important in helping you chart a path to reach your financial goals, including reaching financial independence.”

Once you have a clear picture of your financial health, it’s easier to see exactly what you need to adjust. When in doubt, you may consider enlisting the help of a financial professional.

“While it may feel like a big step to work with a financial professional, we are actually seeing a lot of young people meeting with financial professionals for the first time,” Stafford said.

Find Out: 22 Side Gigs That Can Make You Richer Than a Full-Time Job

2. Come Up With a Plan To Minimize Your Debt

Debt — specifically student loan debt — can be a major barrier for Gen Zers who want to achieve financial independence. Over 1 in 5 Gen Z adults cited student loan debt as the most stressful aspect of their financial lives, the Bank of America survey found.

“You should set up a debt …….

Source: https://finance.yahoo.com/news/gen-z-women-achieve-financial-130116487.html

Financial independence Tags:RSS Feeds

Post navigation

Previous Post: IQ Protocol Prepares for the Metaverse – BeInCrypto
Next Post: Projected interest rate hikes expected to impact hot housing market – fox26houston.com

Related Posts

  • npressfetimg-4995.png
    FIRE Calculator: Find Your FIRE Number Now | NextAdvisor with TIME – NextAdvisor Financial independence
  • This Free Tool Calculates Your FIRE Number in 5 Seconds – NextAdvisor Financial independence
  • npressfetimg-37996.png
    Mammoth Finance Launches Financial Independence Course to Address the Growing Need for Financial Literacy – Yahoo Finance Financial independence
  • npressfetimg-25684.png
    Investing Advice for 2023, Why It Will Be ‘One of the Greatest Years’ – Business Insider Financial independence
  • Financial Independence: What It is and How You Can Achieve It – DataDrivenInvestor Financial independence
  • npressfetimg-24853.png
    Extreme Saving Method Speeds Up Early Retirement Option – AARP Financial independence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • February 2023
  • January 2023
  • December 2022
  • January 2022
  • December 2021

Categories

  • Advertise online
  • Affiliate Marketing
  • Bad habits
  • Budget lifestyle
  • Celebrities
  • Content marketing
  • Cryptocurrency
  • E-commerce
  • Fashion clothing
  • Financial independence
  • Graphic design
  • Haircare
  • Healthy habits
  • Housing market
  • Investments
  • Makeup
  • Motivation
  • Nail stylist
  • Passive income
  • Personal finances
  • Personal style
  • Quit smoking
  • Retire
  • Self-development
  • Stock market
  • Stop drinking
  • Tattoos
  • Time management
  • Watches
  • Youtube Marketing

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent Posts

  • 4 side hustles for Gen Z that can bring in hundreds or even thousands of dollars a month – CNBC
  • Earn Passive Income With This Side Hustle That’s Perfect for Introverts – Yahoo Finance
  • Extreme Saving Method Speeds Up Early Retirement Option – AARP
  • Demystifying the Concept of Financial Independence Through Free Education – Daily Scanner
  • Americans prefer to cling to cash after shaken by stock market volatility – Yahoo Finance

Recent Comments

    • npressfetimg-14416.png
      Benefits Of ServiceNow IT Operations Management | Branded … – Native News Online Advertise online
    • npressfetimg-7384.png
      For Landlords, Rising Housing Costs Make It Harder to Earn Passive Income – The Wall Street Journal Passive income
    • npressfetimg-47243.png
      Retirement planning abroad: How to save money and retire early – USA TODAY Retire
    • npressfetimg-7283.png
      Money Talks: Seven steps to better finances in 2022 – Irish Examiner Budget lifestyle
    • npressfetimg-49107.png
      Smiley: His burning desire to quit smoking | Smiley Anders … – The Advocate Quit smoking
    • npressfetimg-8979.png
      Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, buying the dip – CNBC Investments
    • npressfetimg-27631.png
      How to Stop Smoking Cigarettes and Tobacco Products – HealthDay News Quit smoking
    • npressfetimg-21111.png
      Quit Smoking and Take Control of Your Life – Samaritan Health Services Quit smoking

    Copyright © 2023 Tengruipharm.

    Powered by PressBook News WordPress theme