MANAGING FINANCIAL AFFAIRS

WOMEN often battle to control their finances, making it difficult for them to achieve financial independence.

WOMEN often battle to control their finances, making it difficult for them to achieve financial independence.

According to research conducted on the subject most women fail to take control of their financial destinies, ending up suffering the consequences of missed opportunities.

Liezel Gordon of Metropolitan Life says most women have a tendency to downplay their financial needs.

"Women have unique financial needs and concerns when it comes to preparing for the future. For instance, we typically live longer than men and so need to prepare for a longer retirement. But we often do not do that.

"Reasons for this include not knowing where to start, handing over financial responsibility to our husbands or other trusted male partners, or choosing to save our money rather than grow it through clever investments," Gordon says.

She says women should learn to set long-term financial goals and figure out how to achieve them by getting the right help from experts.

Workshops will be held in Soweto from July 25 to help women manage their financial affairs and become financially independent.

Some powerful and inspirational women will share their success stories. They include Criselda Kananda, an inspirational speaker, broadcaster, counsellor and HIV-Aids activist; Mankwane Chakela, owner of the chain of Lé Looks Hair and Beauty Salons in Gauteng; Sindi Mshengu, owner of KwaZulu-Natal's Kuhle Tours, a black-empowered specialist travel management service; and Thope Lekau, a Cape Town-based tourist entrepreneur who launched a bed and breakfast establishment in 1999 to help tourists explore township life in Khayelitsha.

Women will get practical advice on how to clear debt, set goals and budgets, assess their risk profile and help match them with the best investment opportunities to grow their wealth and achieve their goals. They will also get a beauty make-over by L'Oreal.

For further information, call Victor on 083-598-0852.

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