August is the month we celebrate and honour women and this is the second in a series of articles about women and the vital role they play in society with a particular focus on how they are instrumental in the creation of wealth and the building of our economy.
From the smallest contribution of a home executive who keeps the family budget, to great women of finance who have directly affected global economies, women can and should be recognised as significant contributors to the world of business and finance.
Great women in finance
From Thuli Madonsela, Magda Wierzycka to Minki van der Westhuizen to Caster Semenya – In politics, the financial sector, entertainment and sport respectively, these women are just a few of the many who have made considerable contributions to the global fiscus and shown other women that you don’t need to be a man to have and grow considerable wealth!
The home executive a pillar in the financial partnership
This article offers advice to woman in a relationship who realise the importance of building finances together as a couple. There are many aspects of wealth creation, and by each being involved and contributing, wealth creation can be achieved.
Have common goals – A couple should decide on their financial aspirations together. There will be a conflict if one partner, for example, would rather travel extensively and the other would rather save diligently for an early retirement. Financial aspirations, therefore, should be discussed and common ground found so your financial goals can be achieved.
Budget accordingly – Having decided on mutual goals, decide on who is the better partner to handle the family budget and wealth creation. These may fall to one partner or be split between them.
Any advice on how to budget effectively and astutely can be obtained from a good Financial Advisor who should, in the early stages, become a part of your wealth creation efforts.
Communicate often – The way to maintain financial harmony is through good communication, not only at the start but throughout the evolution of the couple’s financial growth. Decide to meet regularly and in a conducive setting to discuss the budget. Commit to meet with your Financial Advisor annually to ensure you are on the path of wealth creation, protection and growth as you continue to earn.
Let me help
Quintus Wealth can help you create a firm financial foundation by drawing up a unique financial plan based on your needs, unique circumstances and financial resources. This plan creates context as it identifies inefficient use of financial resources and risks that could erode wealth.
In the meantime talk to me about your unique circumstances and financial aspirations. I can help!