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Today’s post comes courtesy of fellow S&S reader, Kerrie. Don’t allow one of these lam excuses to prevent you from making a fortune investing!

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4 Lame Excuses Why Women Don’t Invest (And The Solutions)

Women do a lot of things, but the studies suggest we don’t invest, at least, not to the extent of the guys. In 2017, a massive 56% of women didn’t spend a penny compared to 44% of men. That’s a 12% gap, and it gets wider depending on the year. Funnily enough, the girls are better at it than the boys when they do take the plunge. Analyzed accounts in a recent study found that women outperform men by nearly half a percent.

So, not knowing what you are doing or not having the confidence are two lame excuses. Here are four more and how you can stop them from impacting your bank balance.

My Husband Does The Accounts

Now, this doesn’t mean you’re an old-school housewife who does as her man says; lots of women defer to their hubby if they have the knowledge. Logically, it makes sense until you realize that the industry is volatile and anything can happen at a moment’s notice. When you see it from this perspective, it should be glaringly obvious that two sets of eyes are better than one. Anyway, letting him do the heavy lifting only widens the knowledge gap and encourages you to rely on him financially. Stop being deferential and take the portfolio by the investments.

I Can’t Afford To Lose A Dime

Most women can’t because the cost of living is on the rise and wages are stagnating. Thanks to inflation, the amount you take home at the end of the month is less now than ten years ago. The idea of losing money to an investment you don’t understand seems like an avoidable way to bypass bankruptcy, yet everything isn’t what it seems. For example, you can invest in index funds. In simple terms, this provides a portfolio which includes chunks of shares from around the stock market. Plus, online broker tools can offer basic yet effective tips for free.

I Don’t Have The Capital

This is probably the worst excuse because investing doesn’t have to be expensive. Think about buying a property for a moment. You see a “homes for sale” sign and wish you had the money to afford a mortgage. Well, you do if you rent out the house and let the tenants cover the monthly payments. Also, don’t forget your projects have levels. The first $5 you invest will grow to $10 which will hit $20 and $50 and so on until it’s a pretty big figure.

I Don’t Want To Look Stupid

No one has to know about your investments other than you. In fact, it’s best to keep them a secret and let them grow and flourish rather tell the whole neighborhood. Once they’ve matured, which takes years, then you can blab. The only people who need to know are your portfolio manager and broker, both of which are there to help and won’t judge. Anyway, there’s nothing stupid about trying to better your lifestyle.

Women need to stop making excuses because they have the patience and skill to create a prosperous portfolio.