Geelong Advertiser

Women need tools for success

- THE BULLRING WHAT DO WE EXPECT IN THE MARKET?

WE have access to the latest technologi­cal gadgets, modes of transport and advances in medical science, and as a result we believe we’re an advanced society.

But if we are, why do so many people struggle financiall­y? Mature-age women are in the highest risk category to retire with less than the experts say is necessary.

Creating more job opportunit­ies isn’t necessaril­y the answer.

Financial literacy continues to be a big issue, and while it doesn’t just impact women, statistics indicate women are left behind. Superannua­tion balances indicate women will continue to retire with less than men, who typically outpace women 2:1.

The Australian Securities and Investment­s Commission and the Office for Women have developed the Women’s Money Toolkit to assist Australian women to plan and manage their financial future.

While this is a great initiative, the government does need to continue to develop more opportunit­ies for women to access informatio­n and training around wealth creation.

But attitudes must also change, particular­ly towards 40-plus age groups. Women want education and their families need to support them to build their knowledge.

The earlier the better. However, having worked with men and women of all ages, age really isn’t a barrier. Nor does your level of intelligen­ce guarantee success.

The most important thing before you start to gain knowledge is to understand your beliefs around success and money, and be clear about “why”.

Beliefs can either help or hinder success. Your “why” is the key to success as it will drive you to seek the knowledge to build wealth. For most people, the drivers are family, lifestyle and/or challenge. A STRONG rise on the market in the second half of February to 6184.6 points has been followed by a sell-off, particular­ly in financial stocks.

As our market is dominated by stocks in this sector, it doesn’t take much to push the index lower, particular­ly when there has been a short decline in the US and our market has responded the same way.

The fall this week has taken the All Ordinaries Index back towards 6000 points. DALE GILLHAM IS CHIEF ANALYST AT WEALTH WITHIN RAPPER Jay Z has climbed past Sean “Diddy” Combs to take the throne as the world’s wealthiest hip-hop artist, thanks to heady Champagne and cognac investment­s, according to Forbes magazine.

The 48-year-old Hard Knock Life rapper, music mogul and husband of multi-millionair­e singer Beyonce, increased his

 ?? Pictures: GETTY IMAGES ?? KING OF RAP: The world’s wealthiest rapper Jay Z, with multi-millionair­e wife Beyonce; and (below) dethroned Sean “Diddy” Combs.
Pictures: GETTY IMAGES KING OF RAP: The world’s wealthiest rapper Jay Z, with multi-millionair­e wife Beyonce; and (below) dethroned Sean “Diddy” Combs.
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