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
1.Savings Account:
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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.
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Originally published on January 1, 2019
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With a multi-layered approach to her artistry, just as she did on that winter day in December 2013 with the infamous digital drop of her self-titled album, she changed the game again on February 1, 2023, when she announced her world tour in support of Renaissance, her seventh studio album. Her cultural impact set the internet ablaze, with everyone trying to gather their coins, barter for presale codes, and figure out which cities to attend. The group chats were lit, and the Beyhive was stressed trying to get their hands on tickets.
Photo courtesy of Dontaira Terrell
Unfortunately, I was in that number. As the concert dates passed by and the one in my city drawing near all roads led to disappointment. With time ticking on the day of the Miami show and less than two hours to spare, my wallet bit the bullet, and I purchased three last-minute tickets, costing roughly $700.00 a piece (including fees) for me, my 9-year-old and 16-year-old nieces in Section 121 at the Hard Rock Stadium. With 10 minutes before showtime, we eagerly awaited the Queen to take the stage. A sea of metallic fringes, cowboy hats, disco fans, and western boots were in full effect and filled the entire stadium.
As the lights dimmed, a flood of emotions instantly overtook my body. It continued with each note she belted, along with nearly 50,000 roaring fans. The reverberating sound of the music through the stadium transported me from one era of my life to the next. As a teen girl in her bedroom daydreaming about her first love to blossoming into an unapologetic Black woman who is still on a road of self-discovery while learning to lean into the power anthem of "You won't break my soul." For over two hours, and with each set, I felt joy, love, peace, and a commanderie with fellow concertgoers. It was therapeutic as I danced like no one was watching and sang as if I were alone in my bathroom mirror.
There were no bars held, and I realized at that moment, "Nobody can judge me but me." The "Renaissance World Tour" proved to be so vast, and my Black girl joy was re-invigorated. It was magnetic and liberating, and I had to attend again, but this time, I needed to be up close and personal; I needed to be on the floor. In the days that passed, I watched more social media clips in different cities and asked myself if I would really splurge again to attend another Renaissance show.
Photo courtesy of Dontaira Terrell
After all, this would be my thirteenth time (maybe more because I lost count) seeing Beyoncé live, whether she was on tour with Destiny's Child, as a solo artist, or doing a live appearance. I contemplated for a while, but it worked itself out on its own. I was gifted two tickets and the next thing I knew, I was off to LA to attend another Renaissance show with floor seats at SoFi Stadium during Beyonce's 42nd birthday weekend! This time, things were different: no kids were allowed. It was adults only this go round.
Although the energy at the Miami and Los Angeles shows was empowering, infectious, and a celebration of life, happiness, and identity, they each provided their own unique experience. However, both concerts were what I needed for my well-being, leaving me with sore feet from dancing the night away, on vocal rest for the next few days from screaming at the top of my lungs, and on an indefinite high on life.
My introduction and love for Beyoncé began in 1996, while my older sister lived in Houston, TX, right before Bey hit the scene in 1998 with "No, No, No" as a budding R&B member. Her evolution twenty-seven years later as an international superstar and into womanhood has been an incredible journey to witness. As Mrs. Carter reminds each of us in the audience every night before the curtain closes, "I want you to remember this moment, where you're standing, who you came with, and take it with you. I hope you feel inspired."
I truly felt inspired, so thank you, Queen Bey. You awakened my inner child, and I will definitely remember these moments and take them with me.
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Feature image by Kevin Mazur/WireImage for Parkwood
