What is the 1% principle?

The challenge with women being more involved with investing their money is that it must compete with all of the other activities in a woman’s life. Today everyone is so busy, especially women, due to the many roles we fill, whether that includes a career, children, running a company, or helping aging parents. It’s hard to find time to do everything.

Managing your money is like most other things in life; the more you know about something, the better you are at it, but you don’t have to learn it all. You can learn just 1 % of a topic, and then wisely oversee management of something by someone else, but that 1% knowledge is absolutely crucial to do an adequate job of overseeing anything. By thinking about how true this is in other areas of your life, whether it is providing an education for your child, running a company or remodeling your home, you’ll realize that this principle can also be applied to your money management.

The topic of investing is huge! When you realize that you that you only need to learn 1% as the foundation to either capably hire and monitor a financial advisor or personally invest using a simple index fund strategy, it seems so much simpler. And it just got easier; that 1% is the core curriculum that I will be teaching over the phone in simple steps at the financial woman alliance for investment education. Be sure to check it out!