Women Are Still Massively Missing Out In Money Matters
On average, women live about five years longer than men. This means that, as a woman, you are likely to reach a point in life where you are completely alone – including financially. But it’s not just higher life expectancy that puts women at greater financial risk — other aspects of inequality in society, for example, prolonged unemployment, child-rearing, or a divorce, also have a strong part to play. Add to that the fact that 21 percent of women currently earn less than their male counterparts in a comparable role.
In its latest Global Gender Gap Report, the World Economic Forum (WEF) estimates that it will take 217 years to reach income equity between men and women. In Germany, business and politics sectors have a staggering 45 percent pay gap. According to the report, there were setbacks in 2017 in all the fields researched (health and wellbeing, education, political participation, economic opportunities). Particularly alarming, however, was a backwards step in politics and economics — fields that have the greatest influence on the gender imbalance.
It’s clear that women face a number of challenges — which is why it’s so important to be bolder when dealing with money. At the very start of your career, or sooner, think about how you can invest your assets effectively and in keeping with your life situation – because one thing is clear: a statutory pension won’t be enough to keep you financially independent after you finish working. The question is: What will you do instead?
How FinMarie helps women track and optimize their net worth
FinMarie is Germany’s first online investment platform by women for women. FinMarie works like a personal investment advisor, helping increase your assets in the short or long term, depending on your circumstances and goals. With FinMarie all women – young and old, single and married, mothers and workaholics – can learn to confidently deal with finances and navigate the jungle of stocks, funds, etc. By keeping track of decisions to build your wealth, you gain a deeper understanding of your savings and investments, and develop an overview of your personal situation and future financial opportunities.
Importantly, we’ll never make a move without you: You always get to decide the next steps on your path to asset accumulation.
How does FinMarie manage this?
By taking into account your individual situation and developing a completely customised investment portfolio. In consultation with you, our team invests in globally diversified, cost-effective exchange-traded funds (ETFs). Thanks to their high quality, broad diversification and low risk, ETFs currently represent an ideal investment.
Why Do ETFs Offer Meaningful Opportunities Towards Financial Independence?
ETFs combine the benefits of stocks and funds in one product. They can be understood as a kind of copy of a basic stock index, such as the DAX. They don’t need a fund manager and so are an independent alternative to traditional investment funds. In addition, they are inexpensive and easy to maintain, and therefore well suited to newcomers in asset building. The units of an ETF are traded directly on a stock exchange and not linked to an investment company. They reflect the evolution of a variety of investments, albeit in a single security. For investors, this means you can buy an entire stock market index, an entire industry or even an entire asset class and still keep track of it quickly and easily.
What differentiates FinMarie from other asset building platforms?
FinMarie has the right form of investment for every woman – whether you’re an intern, a mother, or a grandmother. In contrast to traditional financial advice, FinMarie does not require a minimum investment – you decide how much you want to invest at every stage.
Essentially, FinMarie offers a classic financial advice to all types of women, and is especially tailored to those with little or no experience in the financial market.
Questions? Send us an email or give us a call. We look forward to hearing from you!