Ep.62 Know Nothing About Investing? This Episode’s For You.
Nov 13, 2023
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This podcast discusses female investment & funding and features Anna Sophie Hartvigsen, co-founder of Female Invest. They tackle the financial gender gap, educate women on money management, explore the concept of funds and investing, discuss the choice between savings and investing, provide tips on getting started with investing, and highlight the power of investing with impact.
Investing doesn't have to be complicated or intimidating, and even small amounts can make a difference.
Financial literacy is crucial, especially for women who have historically been underrepresented in positions of power and face specific challenges.
Deep dives
The Importance of Investing for Financial Growth
Investing is a crucial step in achieving financial growth and building wealth over time. Keeping savings in a regular savings account may seem safe, but it can lead to losses due to inflation. Managing money properly and avoiding common mistakes, such as overspending and not saving or investing, is essential. Investing doesn't have to be complicated or intimidating, and even small amounts can make a difference. One effective strategy is gradual investing, or dollar cost averaging, where you invest consistently over time. Getting started with investing can be as simple as diversifying through funds or tracker funds. It's important to choose the right trading platform with reasonable fees and a user-friendly interface.
The Power of Financial Education for Women
Financial literacy is crucial, especially for women who have historically been underrepresented in positions of power and face specific challenges. The lack of financial education in schools has contributed to a lack of knowledge and confidence in managing personal finances. However, becoming financially literate is attainable through self-education and learning from reliable sources. Taking charge of personal finances and making intentional financial decisions are more important than the salary earned. Building wealth requires financial management skills regardless of the income level. Women's financial power can be harnessed to effect positive change and investment decisions can align with personal values, such as supporting impact funds that drive social and environmental change.
Creating Financial Security and Freedom
Creating financial security starts with sound money management, including budgeting and saving. Building an emergency fund is essential as it provides stability and empowers individuals to make life choices without financial constraints. Paying off debt and taking control of personal finances form the foundation for wealth creation. The 50-30-20 rule, allocating income to fixed expenses, present expenses, and future savings or investments, offers a helpful framework. By investing small amounts consistently, individuals can benefit from compound interest and mitigate the risk of market timing. Investing in oneself through acquiring valuable skills can be more impactful than relying solely on side hustles for additional income.
Investing with Impact for Change
Investing with impact offers an opportunity to combine financial growth with positive change. Impact funds and other investment options allow individuals to support causes they believe in, such as green energy or social initiatives. Choosing funds or projects that align with personal values can contribute to societal and environmental improvements. Responsible investments can offer an attractive alternative to traditional investment options. Impact investing is about leveraging financial power to create meaningful change and achieve personal financial goals. It's important to educate oneself about the different impact investment options available and select investments that best align with personal values and goals.
DISCLAIMER: The information does not constitute financial advice or recommendation and should not be considered as such.
AD: In this episode Grace mentions Revolut, Grace has previously worked with Revolut on a brand partnership.
In this episode
Today’s episode is all about a subject that is very important to me, female investment & funding, and I couldn’t think of a more qualified person to be discussing this with than Anna Sophie Hartvigsen. A Forbes all-star, Anna is the co-author of the global bestselling book 'Girls Just Wanna Have Funds' and co-founder of Female Invest, Europe’s largest financial education platform for women, which has raised over 12m dollars since launch. I can’t wait to share the important and very needed work she is doing to close the gender investment gap, I don’t need to remind you that women-led startups receive less than 3% of VC funding. So strap in and get your notebooks out, because today’s episode is for everyone who wants to know more about money.
