Craig sent me this article today. Why women are most hurt by financial pandemic <– Link. It was written by Erica Hall and was published on the Firstlinks.com.au website.
It isn’t the first article on this topic I have seen over the past few months, the message really resonates in our household. Craig and I often talk about how women are impacted by financial uncertainty.
- Inequality in wages and disruption to careers to care for children have long-term effects on our superannuation and retirement planning.
It is in these uncertain times that we need to be more educated and more active in growing our investment options to ensure our future wealth.
Life can be uncertain. I recognise I am lucky, I have access to my Financial Adviser 24/7. In times of uncertainty and stress I ask him a litany of questions every week (sometimes daily) (sometime multiple times a day).
I ask Craig everything from:
- “can you explain the benefits of post-tax salary deductions to superannuation to me, again?”, to
- “should I be trying to put more money on the mortgage? or should I be salary sacrificing to super?”.
I have realised that I am really good at running the “everyday”, in the “now” stuff. However I lack the knowledge and ability to set myself up for the future, and this can be scary.
The Firstlinks.com.au article written by Erica Hall on 30 June 2020 : Why women are most hurt by financial pandemic covers three key topics:
1. Is it a knowledge gap or an implementation gap?
2. From little things big things grow
3. Financial literacy is low and women are most affected
It is in these uncertain times that we need to be more educated and more active in growing our investment options and ensuring our future wealth.
If you need help understanding your options, learning more about investments or growing your financial nest-egg, give Craig a call. His direct number is 0437 110 000.