Not until a few years ago, women in India were confined within the walls of her home. However, the times are changing and the role of women today has undergone an immense shift. The woman of today is more vocal and has been evolving to set out on creating greater societal impact. Women have an independent stance and have ventured into various arenas such as politics, sports, business, finance and much more.

To keep going, women today must regard financial independence of key importance. It is imperative to invest and possess a strong financial portfolio. This, irrespective of the whether she is a homemaker, entrepreneur or salaried professional. Fortunately, there are several studies that point to women being optimum investors. The portfolios of women are found to outperform that of their male counterparts. Women possess inherent qualities that ensure that they stay persistent with their investments. From carrying out their own research to understanding market fluctuations, to being conscious of the risk factor, they seem to make the right investment approach.

It is important that women start considering how to invest money early on and look to build a long-term goal based investing plan. Here are some reasons to begin making investments seriously:

Financial stability and independence – For several years, women have been subjected to male dominance in one way or another. It is but time that women re able to achieve a sense of independence and enjoy equality within the society. This change can be secured through financial stability. Women should acknowledge the importance of having a hold on their own finances and safeguarding the interest of themselves and their dependents. The move can be brought about with a little bit of patience and effort. Bank accounts, demat accounts, trading accounts and more should be a part of the investment plans held by women. After all, creating a good wealth bank is the most viable way for women to carve a niche for themselves within the society.

Achieve long-term goals – Making early and smart investments will essentially help women achieve their long-term financial goals. There are several responsibilities and aspirations that the new age woman holds. These vary from purchasing their own dream home, sending their kids to the best schools/colleges, vacations or any type of big expense. The return on investments can aid in fulfilling the same.

Beat any financial uncertainty – The global markets are volatile in the recent times and instances of sudden layoffs have become more frequent. For this reason, every family must be prepared in the face of financial uncertainty. It is essential that women too contribute to maintaining the financial standing of the household, rather than having males be solely responsible. When women invest and keep track of the family finances, there is better transparency within the household. Women too can strive to serve any sudden uncertainties that can erupt from time to time.

Meet the cost of living – There is a rise in inflation and the cost of living has increased exorbitantly over the years. Women too must consider this increasing change within the economic markets and aim to build a strong corpus keep up with these growing financial needs. Investments made by a woman can help to secure a good amount of funds that are needed to meet the growing expenses in the long run.

The above stated factors must be closely considered by women as critical aspects and be good reason enough to begin and maintain investments consistently.