Breaking Down Finance Basics:
Finance can feel daunting, but it doesn’t have to be. On National Women’s Day, female entrepreneurs shared insights into financial management and investment strategies. They emphasized the importance of risk management and long-term financial planning, aiming to demystify finance for women investors.
Lesson 1: Consistency in Savings:
Rachna Baruah, Founder of Madchatter Brand Solutions, stresses the significance of consistency in savings. She highlights that even small, regular contributions can build habits and create a balanced portfolio over time. Consistency is key to achieving financial goals and reducing financial stress in the long run.
Lesson 2: Long-Term Perspective:
Baruah also emphasizes the importance of a long-term perspective in investing. While initial contributions may seem minor, they compound over time, ultimately leading to significant wealth accumulation. Investing with a long-term horizon is essential for achieving financial security and realizing future financial goals.
Lesson 3: Strategic Fund Allocation:
Preety Singh, Co-Founder and Managing Director of Boomlet Group, underscores the importance of strategic fund allocation. She advocates for effective working capital management and encourages embracing calculated risks for growth and financial wisdom. Strategic fund allocation and risk management are crucial for long-term financial success.
Lesson 4: Financial Literacy:
Megha Chopra, Entrepreneur and Poet, highlights the necessity of financial literacy. Understanding investment complexities, budgeting, and cash flow management is essential for making informed decisions, especially in entrepreneurship. Financial literacy provides a strong foundation for navigating the challenges of entrepreneurship and achieving lasting success.
Celebrating National Women’s Day:
February 13th is celebrated as National Women’s Day in India, honouring Sarojini Naidu, known as ‘The Nightingale of India.’ Naidu’s role in the Indian independence movement and her advocacy for women’s rights earned her this recognition. Her fearless spirit and eloquent speeches continue to inspire women across the nation, symbolizing empowerment and resilience.
On National Women’s Day 2024, female entrepreneurs offer valuable insights into financial management and investment strategies. Their lessons on consistency, long-term perspective, strategic fund allocation, and financial literacy empower women investors to navigate the complexities of finance with confidence. As we celebrate the legacy of Sarojini Naidu and honour women’s contributions, let us continue to strive for financial empowerment and independence.