In a society that places complete responsibility on the males to provide and females to be passive receivers of those provisions, not being dependent on male family members is a dream.
It also gives women more authority to reject specific ways of life if they are no longer in a position of dependency. It empowers them through this authority, which should be every woman’s goal at the end of the day. Ensuring women have control over their lives this way is crucial to empowerment.
Assuming that the women in question are completely satisfied with their lives, they can still fall into a whole host of situations, unwittingly. By ensuring they make safe, small investments, they create a backup plan in case things fall apart. Having said that, it is more crucial to invest when they still have money, so they invest at the right time and do not fall into hardships that are not needed.
The truth is that everyone wants to be financially independent. However, this is often seen as complicated, and people consider themselves unable to achieve it.
With a well-planned strategy, it becomes much easier to achieve this!
When you start investing with small amounts and reap returns per month from those investments, the euphoric feeling of such financial independence is beyond words. In Vandana’s words, “This gives such a relief and sense of security and lot of one’s fears are addressed. This is just the first step that I had taken to be financially independent, and I am glad that I did. I am so stress-free today.”
With more women entering the workforce, the need for a passive income among women rises. While several make active incomes, women who are investing diligently are living proof of the wonders passive income can bring. Active income may be ideal for immediate financial security, but only passive income guarantees long-term financial security and independence. Women can even pass down this income to their daughters, financially securing generations and ensuring that money is never a stressor for this.
For this kind of security, a lot of women turn to gold, stocks, mutual funds, fixed deposits etc. in hopes that those will adequately compensate any loss on a rainy day. Some also invest in real estate. While FDs and mutual funds are safe options, they have minimal growth potential. Real estate investments yield passive income at a much faster and higher rate. This has allowed many women to grow their savings and secure their futures.
“My favourite investment is real estate investment. I started with small investments in bank FDs which gave me 6-7% returns. Once my capital money was accumulated, I invested in real estate, grew my returns to 10-14% in form of rental income and capital appreciation.” – Vandana Kapur
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