Have you ever felt at a disadvantage because of your gender? Women often face multiple hurdles, whether it be in the workplace, a social setting, or everyday life. Sometimes, this can leave women feeling less confident when it comes to stepping outside of their comfort zone and facing new challenges.
Now more than ever, women are choosing to enter the business world, taking control of their careers, finances and even investments. One sector that is thriving is the property market and more women are looking to work and invest in this industry. Recently, UK property experts RWinvest stated that they had seen a significant rise in female investors and a further increase in how many women have displayed an interest in buy to let investment.
Typically, this type of investment is seen to be less risky and perhaps why it is more appealing to women, as they usually look for more secure business opportunities. In this short post, we look at why more women should invest in real estate and how it can benefit them when it comes to learning new skills, becoming their own boss, and reaching financial goals.
The Market is Thriving
Despite the current pandemic, the real estate market is flourishing. Real estate agents and property companies have seen nothing but growth across the summer months, and although there is no guarantee of what the future holds, predictions are strong for the property sector. As property sales have remained stable throughout the economic crisis, investing in real estate can provide people with a highly lucrative asset, and why more women should invest and take advantage of the thriving market. Males usually dominate investment opportunities, but as more and more women are looking to enter the property market, they should encourage others to do the same.
Learn New Skills
Over the past few months, people have found themselves changing direction when it comes to their career. Unfortunately, some face redundancy or reduced hours in their current profession and so have used isolation to upskill or learn new skills to apply for different jobs that they may not have done before. By learning new skills or taking relevant courses, you can get on the right track towards financial security and future investments.
Suppose you are considering investing in real estate. In that case, it will be necessary to carry out your due diligence beforehand to ensure you make the right decision for you and your current finances, and any potential tenants. Some skills to think about include conducting proper research, critical thinking and planning, and budgeting. In addition to this, you will also need to communicate well with others to manage your profits and expenses effectively.
Reach Your Goals Sooner
Some may look to invest in real estate as a second form of income, whilst others will want to make it a full-time career. Either way, it should allow you to reach your financial goals much sooner whether you are looking to create a retirement fund or want to treat your family to some much-needed vacation time. Regardless of how you want to spend your additional income, real estate is one of the most lucrative investments you can acquire, and most investors choose a buy to let investment as it can provide you with two means of income.
As well as the long-term pay-out you will receive on your property with capital appreciation; you can also benefit from extra monthly cash flow with rental returns. Therefore, investing in real estate is a great way to reach your goals sooner. You can take advantage of the additional cash flow for vacations or luxury items, and use the passive income delivered over an extended period of time, to spend when you retire or to pass down as an inheritance for your children.
Become Your Own Boss
Gender inequality, including gender pay gap, has led to the rise of female business owners. With the increased number of women becoming entrepreneurs or fighting to excel in their careers, it has finally given them the financial freedom needed to start investing their money.
Alongside the option to invest, becoming your own boss allows women to demand the respect they deserve, not just in the workplace but in general life. Becoming responsible for your business and decisions provides a level of power and flexibility when it comes to making money and managing your time.