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.
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.
7 Types Of Investments To Build Wealth
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.
Originally published on January 1, 2019
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Kandice Guice is a lifestyle and beauty writer who doubles as an attorney and entrepreneur. She prides herself on helping multidimensional women discover personal and professional fulfillment by encouraging them to live with ambition, sass, and a whole lot of pizzazz. When Kandice isn't closing corporate transactions or writing blog posts, she is usually cheering on her husband as a football coach or looking for new travel adventures with friends and family. Check her out at kandiceguice.com and follow her on all things social @kandiceguice.
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Actress Marsai Martin recalls the valuable tips she received from mentors Tracee Ellis Ross and Jenifer Lewis during their collaboration on the acclaimed sitcom black-ish, and how their advice has profoundly transformed her life.
The 18-year-old has been involved in the entertainment industry for over a decade after starring in various commercials and television shows. Martin became a household name in 2014 when she portrayed the role of Diane Johnson in black-ish.
The series, which ended in 2022 after eight seasons, followed Andre Johnson (Anthony Anderson), a family man that struggles with his cultural identity as he and his wife, Bo Johnson (Tracee Ellis Ross), raise their children, Andre Jr. (Marcus Scribner), Zoey (Yara Shahidi), Jack (Miles Brown), and Diane Johnson in a predominantly white neighborhood.
Over the years, as Martin grew up on the set, Ross and Lewis showed the star the importance of self-care and not being afraid to express herself. Those tips were a massive inspiration behind why Martin partnered with Clinique, a skincare and cosmetic brand. In a recent interview with People magazine, the Little alum opened up about the advice she received from Ross and Lewis about beauty and the lesson she's learned.
Marsai On The Advice Her black-ish Co-Stars Gave Her
In the July discussion, Martin revealed that growing up on set with Ross and Lewis helped her realize why it was essential to care for oneself, internally and externally, and how it could contribute to one's confidence.
"I always followed their routines when it comes to their own beauty inside and out," she told the publication. "I was lucky enough to be around amazing and empowering women who cared about their skin and who exuded nothing but confidence."
Further into the interview, Martin also shared she thought it was hilarious to see Lewis' skincare regimen and Ross use items like "gua sha tools and infrared light" to maintain her youthful appearance because she didn't have to go the extremes to get ready. Still, Martin was inspired to create her own routine over time when she came of age.
"It was hilarious because I would see everybody have their makeup and skincare done, and I was the only one with Chapstick and eyebrow gel," she said. "Being able to watch them for so long, I already knew what I wanted when it was finally my time to be able to express myself creatively in that way. Every time I was in the hair and makeup trailer, they had some type of scientific tools."
Martin wrapped up her statement by saying that despite the differences in the women's skincare routine, one particular thing that Ross and Lewis taught her was "protecting" one's skin the "best way" possible.
Marsai On The Lessons She's Learned Over The Years
As the topic shifted to her partnership with Clinique and the lessons she had learned since developing her regimen, Martin disclosed that taking care of oneself is as fundamental as finding one's voice and having the confidence to live purposefully.
"Nothing is more of a priority than your voice and the way that you look at life, meaning nobody can take away your point of view," she explained. "Always remember what you want first — just like we talk about skincare and our beauty routines. Using our voices, speaking our minds and being able to find our confidence aligns with all of that."
Martin added that taking the time to get to know oneself and incorporating a self-care routine could help eliminate the pressures of social media because, with that knowledge, it is impossible to have a clouded judgment that could "blur" what an individual may genuinely want out of life.
"I think as young girls grow up in this world of social media and having so many other voices consuming our own mind to where it kind of blurs the lines of what we really want, it is truly important to remember what you want first and where you come from," she said.
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Feature image by Paras Griffin/Getty Images for Strength Of A Woman Festival & Summit