7 Types Of Investments All Boss Women Should Know About

Finance

For some reason, conversations about money seem taboo among most women. However, sharing the wealth creates financial literacy and makes way for others to create a legacy of financial freedom most of us dream about.


No matter where you are in your career path, it is never too early to start investing. In fact, ordinary people become wealthy by making the decision to do a little bit as they go.

media.giphy.com

If you are ready to start investing, there are a few prerequisite steps you should take. First, you'll want to learn the full gamut of benefits offered by your job. Sit down with your manager or human resources representative to get the rundown on whether your company offers a 401(k) plan, as well as the contributions made by the company to that 401(k).

Next, it's a good idea to understand various investment options offered outside of work and determine which ones are a good fit for you. Below are 7 types of investments all girl bosses should know about. These investments build upon each other to give you a better understanding of the big picture.

Put the knowledge of each one together and you're one step closer to learning how to invest like a boss.

Savings Account:

Getty Images

Savings accounts are used to store cash while also earning interest on the money deposited into the account. Usually, the interest rate provided by the bank is no more than 2%. When used over the long-term, savings accounts grow your money while also helping you put funds aside for important matters that arise in the future. Experts encourage individuals to save 3-6 months of expenses in a savings account in case of an emergency.

Feature image by Getty Images.

Related Articles:

Money Expert Jamila Souffrant Shares Her Financial Independence Success Tips – Read More

The Black Girl's Guide To Building Generational Wealth – Read More

How Disagreements About Money Can Ruin Relationships – Read More

How Financial Coach Dr. Lynn Richardson Helped MC Lyte Triple Her Income – Read More

Sign up today and be the first to get notified on new updates, exclusive events, retreats and giveaways!

More Posts

Can we go to Church on this beautiful Sunday afternoon, ladies? I mean, let's really fellowship and make an attempt to get real about something we may not often talk about.

Keep reading... Show less

When you post a picture to Instagram, there's so much people don't see. And for the past three years, I've gotten good at sharing my life's highlights:

Keep reading... Show less

You've visited twenty different churches but none seem to fit. Some Sundays, you're excited to get up, get dressed and go search. Other times, you'd rather pledge membership to Bedside Baptist and call it a day.

Keep reading... Show less

Whenever our forever First Lady Michelle Obama speaks, we listen…but if you're like me, then you pack a journal and take notes. This is exactly what I did recently when I attended Michelle Obama's "#IAmBecoming" tour in Atlanta.

Keep reading... Show less

Living in LA has been tough.

My move to the City of Angels was a surprise since I was moving to Los Angeles to work for BuzzFeed. When I moved here, I thought I was just here for three months (that was the length of my contract). But I ended up working for BuzzFeed for nearly two years until I was laid off a few weeks ago.

Keep reading... Show less

No matter our size, most of us want to get rid of stubborn belly fat. Whether you're a 6 or a size 26, we seem to be just fine with our voluptuous breasts and big butt, but when it comes to that belly, it's a common enemy for many of us.

Keep reading... Show less
Exclusive Interviews
Latest Posts