NerdWallet's Smart Money Podcast
Why Women Outperform When Investing — And How You Can, Too
Oct 31, 2024
Jessica Spangler, author of "Invest Like a Girl" and a popular money educator, shares her insights on why women often excel in investing. She discusses how patience and a focus on long-term goals lead to better outcomes. The hosts delve into practical strategies for overcoming financial hurdles, managing debt, and building wealth. With a blend of personal finance tips and gender-specific insights, they inspire listeners to take charge of their financial futures and invest confidently.
30:22
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Quick takeaways
- Women excel at investing due to their research-driven approach and tendency to make decisions aimed at long-term goals.
- Understanding personal financial situations and tailoring investment strategies to individual goals is crucial for effective wealth building.
Deep dives
The Importance of Gender-Specific Investment Strategies
Women face unique challenges in investing that necessitate targeted financial strategies. Due to factors like career breaks for caregiving, longer life expectancies, and increased healthcare costs, women may find themselves at a disadvantage in terms of savings compared to men. Despite these challenges, studies show that women tend to perform better in investing once they start, often achieving higher returns than their male counterparts. This performance is attributed to women's tendency to research thoroughly and avoid impulsive decisions, highlighting the need for resources tailored to female investors.
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