Several factors such as equal business and employment opportunities, hard economic times and support from various organizations have contributed to the shift to financial independence and freedom- women in finance. This is slowly but steadily closing the era of financially dependent woman and paving way for the financially independent woman.
The era of the financially dependent woman is slowly coming to an end giving way to the modern financially independent woman. This financially independent woman is powerful and has made a place for herself in the corporate world. She has great influence and can make sound financial decisions for herself.
Picture this: Aisha is a married woman with two kids. She solely depends on her husband for her upkeep and that of her kids. Sometimes the family has to go without food when the husband feels that she has become extravagant and withholds his support. Out of frustration, Aisha joins a women’s group that can help her access low interest loans from a support organization. Aisha uses the loan to start a grocery store and she is soon able to bring something to the table and earn some respect from her husband. This is a simple example of the down of the new era woman who has made a shift to financial independence and freedom-women in finance.
There are many factors that has led women to shift to financial independence and freedom. Some of these factors are:
Equal Opportunities in Business and Employment.
Some years back the woman was perceived to be a home maker. The kitchen was her main preserve while the men would be engaged in different ways of creating income for the family. Women are now given equal opportunities as men when it comes to education, employment and even in business leading to financial independence and freedom.
Hard Economic Times
The hard economic times occasioned by changing fortunes and dwindling of resources have rendered the man unable to support their families. This has forced the woman to go out and explore means and opportunities of creating money for herself and her family.
The Joy of Power and Control
Money is power. The sheer joy of financial independence is pushing women to venture into investments that were initially seen as the preserve of men. All this is done pursuit of financial freedom. There women who are thriving in the transport industry, breweries among others.
Support from Various Sources and Institutions
There many organizations that are readily available to support women with resources that strengthen their economic muscles. For example, there are financial institutions that target women to finance them with low interest loans for business startups.
In conclusion the shift to financial independence and freedom in women is only beginning and it has a long way to go since there is no looking back for the financially independent woman.
