Overall understanding and Learning of Financial Planning and Stories from Inspiring Women

“About the Book, “Financial Planning For Canadian Women “

I have thoroughly gone through the present book and it really contains a lot of research, analysis, case studies and real life inspiring stories by the present day leading star women of Canadian society.

 The said book discusses about how the financial independence is equally essential for both males and females. Females are no less important than male gender. Both genders have got their own dignity in life and both have an equal right upon the distribution of wealth in this globe. In the bygone days, women were traditionally completely dependent upon their male counterparts from financial point of view. But gradually, the time and culture changed around the globe and now it is high time that women are much aware of their rights especially when it comes to their right upon financial independence.

Women’s Right to financial independence is a very popular phenomenon in the modern world and is considered as a hot topic for discussions and debates throughout the world these days. The world organizations are very keen about the financial empowerment of women and in this context so many awareness campaigns are launched, conferences are held on international level in different parts of the world.

In the introductory note of the present book, the research indicates that 38 percent of Canadian women are convinced that they have a very little knowledge about Finance although Canada is one of the most developed countries of the world. Whereas this could be understood easily that would be the position of women in other developing parts of this world. It shows that despite the growing urge of women for financial independence and empowerment, they are still less educated in financial matters so far.

In the second chapter of present book, women’s day celebrations were described. On 8^th of March 2019, this year a lot more was talked and discussed about the financial empowerment of women. Different suggestions and policies came into light to empower women financially around the globe. Because world organization have serious concerns over the present scenario of women in which they still have to go a long way to achieve their goal of financial independence.

In the third chapter of present book it was pointed out that although by nature and instinct both the males and females gender is different from each other. But both genders do have an equal right to financial empowerment. Women‘s lifespan expectancy is higher so they need to focus more on their knowledge for financial affairs in comparison to the men. Saving money is not the only way forward for progress but to secure a better future, women should develop a right knowledge in investment affairs.

In the fourth chapter of present book , the author of the book brings in the research analysis and case study done by National Centre For Women And Retirement Research which indicates towards a direct relationship between the financial habits of women and their personality characteristics. The above mentioned Research Centre‘s report tells that women have been found less educated in financial education. The institute believes that women need to develop more financial knowledge in their lives to secure their financial requirements in upcoming future times. Because their life is mostly more challenging than of men’s life as they have got a lot of responsibilities on their part.

In the fifth chapter of present book, a study has been presented on behalf of HBR which indicates that 93percent of qualified women who had left their jobs for some personal engagements now wish to return to their careers. Because all they need is financial independence. Almost all of the studies and researches carried out around the world show that women are earning less in comparison to the men in all parts of the world. So keeping these facts in mind, it shows that they are on highest financial risk than men.

In the sixth chapter, the wage difference between men and women was analyzed and according to a study which was carried out in 2017, females are paid approximately 82 cents for each dollar made by a man. All of the financial researchers are of the opinion that women need to enhance their financial knowledge as they have longer life spans and their financial challenges are also on higher side.

For instance, if the women develop their financial knowledge, the knowledge would result in better decisions related to finance, a large range of benefits and greater success in terms of finance.

The seventh chapter of present book becomes more interesting so far as it deals with financial planning and stories from inspiring women of Canada. These Canadian women set up their golden example before the world that if a woman intends and gets determined, she can be an iron lady indeed. She may prove to the world that gender can’t itself become an obstacle in the pathway of courageous people who take the decisions of their fortune in their own hands and lead this world to its full and then never look back. They set up the highest goals for themselves and then go higher and higher to achieve their unlimited dreams. They are the true picture of a famous saying “God helps those who help themselves”. 

The researcher of present book admits that as we have acknowledged, men have been historically dominating finance rather than women. But it is not going to last forever. In fact, in Canada women have been starting to grow their power in finance. Here in this part of the book, some stories from the inspiring Canadian women were presented for the inspiration of other women of the world. It has been proven through the real life stories of these inspiring women that these are the women who availed their opportunities timely. But the other women who still are not in practical life got failed to step forward as they hesitate to avail any opportunity.

Among these leading and shining women, the first one is Pauline Paquin who is a financial expert and she has also written various concepts and ideas related to finance.

She is undoubtedly an iron lady who moved and shook the course of her pathetic early life through her will and courage. In her early life, she always witnessed male dominance in her surroundings which she hated the most. She always wanted to change the things around her and that perspective made her so strong that she started struggling against all odds and became a success story by the end of the day.

Pauline believes that in every single woman’s life, being financially independent woman would definitely change her life. Pauline added that she really does not ever want to depend upon any man in her life. And she does not even like it for any other woman depending upon male gender to run her financial matters.

The present book extends with the real life stories of inspiring and leading women belonging to the society of Canada. The second inspiring lady in the Ninth Chapter is Julie Hyunjoo Lee. Julie has a slogan in her life that “Start Investing Your Money Even in a Small Amount “. She believes that your amount for investment does not matter very much but your will and readiness to invest does matter a lot. Julie Hyunjoolee is actually the founder of Pink folio. “Pink Folio “is a new and innovative personalized application for women wealth training. The said application has been developed by her to help all those females who face difficulty in managing their wealth.

During our talks to her, she emphasized upon her point and version that all the women in our society should invest to secure their future to its full. Financial security and fertility comes in through proper planning. She added that generally the traditional mode of security finance is to save the amount of your wealth. This is not the right approach to secure your wealth.  Investment in certain shape should be encouraged and flourished in our society. All of our common housekeeping women should also come forward and take step for their secured future in this regard.

Then onwards the tenth chapter of present book starts with another inspiring woman of Canada named Katherine Hague. Katherine Hague was actually exposed to practical entrepreneurship from a very young age. She was doing a marketing job in Toronto and that is when she got to experience the entrepreneurship. She co-founded her own platform of E-Commerce.

Katherine believes that all of the women residing in and outside Canada should come forward and take part in an active manner for their future financial plans. They should educate themselves on whys and how’s to start up an investment. Because we all must know to its full that what are the particular reasons to start our investment?  And how can we start investing to secure our future indeed.

Investment brings prosperity and security to our life in general. It makes us feel satisfied that in our pathetic days , we would be secured, safe and sound due to our best planning and investment.

The eleventh chapter of present book extends by another inspiring woman of Canadian society who rose to prominence through her constant struggle and great valor to proceed further in her life. Through her inspiring nature she is a source of permanent inspiration for all and sundry inside and outside the Canada.

The name of this inspiring woman is Kim Krushell. Kim Krushell is the president of E.P Rees Inc. It is a startup organization. She has become a role model leading lady for all Canadian women who aspire to get themselves established in their lives and need some real life examples for themselves.

While talking to different Media Groups, Kim Krushell was of the opinion that all the women need to plan their finances for a better life. Life can’t be better without proper planning.    One must plan good to acquire good.

In the twelfth Chapter of present book, the writer brings in another real life story narrated by Lisa Miller who is again an inspiring Example for all the aspiring women residing inside and outside The Canada. 

Lisa Miller is a famous publisher and journalist. She has been working in the field for a long time now. She is of the view that “Women Who Earn Their Own Money Get Healthier Marriages.” This is really a very different and positive approach indeed. As she believes that a woman should be self-relied to enjoy her better family life even after getting married. She is of the opinion that man of a present society loves to get a life partner with her own economic standing in life. An economically prospered woman would be an asset both for her husband and kids. Dependence upon male gender in all means brings social differences among the couples with the passage of time. We can avoid our marital failure by putting our economic share to strengthen our family and for the smooth running of our house hold affairs. We all must plan strongly to secure our future deeds.

In the thirteenth chapter of present book, the writer introduces another inspiring lady for all the aspiring women of Canadian Society. Her name is Lauren Frieze. Lauren Frieze   is a senior HR Director at RBC. She is really a classic example for the Canadian Women indeed.

Lauren is of the view and inspires all the women of her times with her great slogan “Be Confident and Deliberate When It Comes to Planning out Your Future”. She adds to her talks in the way that planning your future is the goal for all of us and we must all plan our lives in a very smart manner. Our confidence, vision, activism would make us all win the highest possible goals of our lives. We must be sure of it that nobody in our lives can defeat us till the time we don’t get defeated by ourselves. So we must keep ourselves high –spirited to get succeeded in our practical and economic lives so far.

In the fourteenth chapter of present book, the writer proceeds further by bringing in another inspiring lady who lead and inspired the rest of Canadian women with her leading thoughts. Her name is Susan Silma. Susan believes that all the women should invest their money rather than a normal savings. Savings were a traditional mode of securing your wealth. Investment planning brings a lot of profit to you. So we must all look forward to investment sector in our lives.

Susan further stressed upon the rest of her Society’s women to come forward and change their life with timely decisions. She has a slogan “Life is like a realm, take charge of Your Money will make your lives more comfortable by the end of the day. “Start planning today for securing your upcoming future. 

The Ending note of present book is also of great significance, the lines are “Be a Financially Independent Woman.” And it really sounds great indeed as the motto of our research and case study was to bring woman empowerment under discussion. Woman empowerment is only possible when the women around the globe would start becoming financially independent.