![]() You can grow your wealth and prepare for your future while still making a positive impact on the world. ESG investing, which stands for Environmental, Social and Governance, refers to a class of investing that seeks positive returns and long-term impact on society, environment, and the performance of the business. If you want to make sure that your investments are supporting companies and causes that you care most about, you can also talk to your financial advisor about switching to ESG investing. There are myriad other factors, some related and some not, that impact outcomes. The only problem with running a scenario for a financial decision is that you have to realize that the scenarios you are running are not made in isolation. Have a conversation with your advisor and talk through your interests in terms of themes or avoiding certain areas.” Make Financial Decisions as Part of a System of Choices. Most investors do this over a number of years. VanderBrug recommends that you “get started. If you’re a woman who is already investing, but you haven’t prioritized investing in causes and companies that you believe in, that’s okay. My main takeaway from this paper is that women are more altruistic and generous with their money overall, and this fact is a force for good in an often difficult world. This unleashes a powerful force of public good and public benefit.” In fact, building up a bigger savings account is one of the most powerful ways you can protect yourself from the risks you decide to embrace, Davidson says. ![]() It isn’t just about playing the investing game, but it’s about how building their wealth can “lead a broader set of goals for their family, philanthropically, and for the world.” Costello agreed, saying, “women by and large tend to see aggregation of wealth as a means to articulate their value set. Women View Investing From A Goal PerspectiveĪccording to VanderBrug, one of the most interesting findings of this paper is that women approach investing with their own goals in mind. These findings suggest that women recognize that reinvesting back into the family creates more sustainability not only within the family unit, but within the community and society at large. In contrast, men only reinvest 44% of their income back into their families. Women Reinvest 90% Of Their Income Back Into Their FamiliesĪccording to Costello, women tend to reinvest more than 90% of their assets and earnings back into their families for nutrition, education, healthcare, and more. VanderBrug said, “I believe we get the future we invest in.” My takeaway from this statistic is that the more we invest in women and girls, the better off we’ll all be. We’ve certainly amassed a wealth of knowledge over the years covering the money beatbe it the dozens of I got out of debt success stories we’ve featured to the scores of psychological studies we’ve covered linking better financial decision-making to behavior change. That means that the more women who are donating money to causes, the more women and girls will be supported around the world. To highlight this point even more, the paper found that 46.7% of woman donors give to causes that support women and girls, compared to 37.1% of men.
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