women - Blog - eFinancialConnect2024-03-29T10:32:40Zhttps://efinancialconnect.com/blog/feed/tag/womenHow to control your house expenses and make moneyhttps://efinancialconnect.com/blog/how-to-control-your-house-expenses-and-make-money2014-06-21T07:16:17.000Z2014-06-21T07:16:17.000ZDhawal Davehttps://efinancialconnect.com/members/DhawalDave198<div><p><span>Categorized your expenses in 3 categories: Need, Wants and Luxury. </span><br/><br/><span>For example, grocery is need, seeing movie is want and seeing movie in multiplex on recliner chair is luxury.</span><br/><br/><span>In today's scenario, 50% of expenses are on luxurious items. If you cut it down by even 10%, major money can be saved and invested into various investment options, which can give you yield of 14-15%.</span><br/><br/><span>Just for an example: if you save INR 5000 monthly, and invest it in any instrument giving 14-15% return, compounding effect of 5 years will be total savings of INR 4,36,000 !!!</span><br/><br/><span>You can email us on info@sunflowerbroking.com to get personalized financial planning advisory.</span></p></div>Finance & Women: Is the scenario changing or is this area still male dominated ?https://efinancialconnect.com/blog/finance-women-is-the-scenario-changing-or-is-this-area-still-male2014-06-20T07:55:25.000Z2014-06-20T07:55:25.000ZDhawal Davehttps://efinancialconnect.com/members/DhawalDave198<div><div><p>Traditionally, it is observed that female members in most families are not given importance when it comes to taking financial decisions /planning.</p></div><div><p></p></div><div><p>In contemporary world, in <b>almost </b>every family, at-least one female member is working / earning member and contributing well to total income of the family, in some cases<b> </b>earning<b> </b>more than male members.</p></div><div><p></p></div><div><p>Yet, in majority of cases their opinions are not sought for taking any financial and investment decisions.</p></div><div><p></p></div><div><p><b>Though</b> <b>times are rapidly changing & women are now actively participating in financial/investment decisions, I would still say that this change is rather slow & needs to accelerate & gain momentum.</b></p></div><div><p><b> </b></p></div><div><p><b>Why is the change slow?</b></p></div><div><p><b> </b></p></div><div><p><b>Many questions arise which can be debated & discussed.</b></p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because “Finance” is still a male dominated area ?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because men used to take decisions related to finance & were responsible for </p></div><div><p><font> failures / successes </font><font>which they do not want to pass on t</font><font>o </font><font>women today ? </font></p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because <b>women </b>not updated with financial tools/terms?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because <b>women </b>are afraid of taking risks?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Are women afraid of equity / financial market?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it that for them investment means <b>gold jewelry, real estate including their</b></p></div><div><p><b> residences </b><b>& </b><b>fixed bank deposits ?</b></p></div><div><p><b> </b></p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>There are so many questions <b>which need concrete answers.</b></p></div><div><p></p></div><div><p>I am taking this topic to all <b>women </b>and their male<b> counterparts</b> <b>for discussion so effective conclusions can be reached.</b></p></div><div><p><b><font> </font></b></p></div><div><p><b><font>My agenda is not to simply discuss. I am gearing up my team to setup an entire women friendly investment advisory division, </font></b><font>which will be run and managed by <b>“women for women”.</b> </font></p></div><div><p><font><b> </b></font></p></div><div><p><font><b>We believe that if a woman can become an earning member and take crucial decisions in her respective job, why can’t she take independent financial decisions? Why must she rely on her husband/father/brother or any male member when it comes to taking decisions in financial investment?</b></font></p></div><div><p><b> </b></p></div><div><p><b>I, specially, request all women who are taking independent financial decisions or contributing to financial and investment decisions of their families, please send your stories as to how and what kind of investment decisions you took/are taking/planning to take for creating wealth.</b></p></div><div><p><b> </b></p></div><div><p>All readers are requested to give their comments/suggestions here or they can send their views </p></div><div><p>on <font color="windowtext">dhawaldave@sunflowerbroking.com</font> and <font color="windowtext">preitudave@gmail.com</font></p></div><div><p></p></div><div><p><b><i>Article conceived and scripted by Dhawal Dave – CEO (Sunflower Broking), edited and improved by Preitu Dave – counterpart of this initiative at USA.</i></b></p><p><b><i> </i></b></p></div></div>