What do women want? Newswire Release

(November 13, 2008) It is an age-old question among men: What do women want? When it comes to defining financial success, the answer is “to be debt free,” according to the 2008 TD Waterhouse Female Investor Poll.

The survey found 37% of women defined financial success as living without debt, making it the single most popular goal.

Having enough money for retirement garnered only 17% of the vote, lagging short-term goals like being able to buy anything they wanted (23%).

“The fact that most women concentrate on short-term planning, budgeting and goal-setting is not surprising — it may be an even more natural response in times of economic turmoil,” says Patricia Lovett-Reid, senior vice-president, TD Waterhouse.

“While getting your spending under control is important, it’s not enough. Without a long-term investment plan, we cannot achieve a comfortable, worry-free retirement.”

The most popular step toward financial success was to stick to a budget (55%), while only 25% said they had sought professional investment advice.

With debt management ranking so highly in defining success, it should come as no surprise that paying off credit cards was the most common measure taken (55%) by respondents who feel successful. Only one in five of those who feel unsuccessful did likewise.

Half of those who feel successful contribute to an RRSP, compared to 21% of those who feel unsuccessful.

“Contrary to what some women might believe, getting more engaged in the world of investing provides a sense of empowerment and accomplishment,” says Lovett-Reid. “Burying our heads in the sand does not.”

When it comes to having a financial plan, it appears westerners are ahead of the rest of the country.

Thirty-one percent of respondents from British Columbia and the Prairies said they had a plan, compared to 23% in Ontario, 19% in Quebec, and 18% in Atlantic Canada.

Read the Full Story here at:
http://www.newswire.ca/en/releases/archive/November2008/13/c8059.html

On a personal note: What women (and men) may not understand is that
all debt is not the same…

There’s “bad” debt - the non tax deductible kind such as charge cards and home mortgages.

There’s “good” debt - the tax deductible kind such as borrowing to invest!

Bad debt bleeds you - good debt feeds you…

Bad debt supports a gratification - good debt supports an asset…

Understanding the difference and transferring from “bad” to “good” is what creates real and lasting wealth!

In fact, now is an excellent time to begin this strategy - if you have not already…

In fact, I have just added audios to my eBook: “How To Create Wealth - The UnCanadian way”

Now, you can either read about it - or listen to it - it’s your call!

Download your copy by “right clicking” the link below and “saving as” to your computer “desktop”…

http://howtobesetforlife.com/Reports/TheUnCanadianWayToWealth.pdf

Let me know back on my blog post here what you think…

Have you seen all the other books and reports that I have authored?

If not just click this link… http://www.howtobesetforlife.com/resources/

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