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10 Investing Rules Every Woman Should Follow

Just in time for the almost-New Year, we thought we would share another little bit of the TFD book with you guys, this time one of our favorite expert sections from one of our favorite ~money women~ on the internet, Jane Hwangbo. As you probably have heard by now, our book has brought together over a wide range of experts to talk about everything from home cooking to investing, and each one is featured in their own lovely spread, just like this one.

In this expert feature, Jane — someone who spent years living what she would refer to as a Wolf of Wall Street-esque lifestyle, only to realize that it was draining her of both her sanity and any semblance of balance — breaks down the more holistic rules of being an investor. It’s not just about the numbers, it’s about the way we approach and view money, and how we use it in our lives. Learning to invest without viewing it as a winner-take-all, cutthroat competition, or a race to get the most you can, even if you don’t know what you want to do with it, means learning to invest in a way that is sustainable and sanity-restoring.

While our investing chapter also explores a lot of the nitty-gritty of making your money grow, we also wanted Jane to bring the much-needed human element to the story. We encourage you (of course) to get the entire book here to dive into our investment (and every) chapter fully, but in the meantime, please enjoy Jane’s section:

  • Gabi

    So I shouldn’t save for retirement until after I have 6months in my emergency fund?

    • Rebecca Ann

      I’m doing both. I’m not getting the max employer match right now, but I wanted to take advantage of something while I also save for emergencies. Its really your call, though.

      • Gabi

        I’m doing both as well. I was just surprised that they seemed to be recommending waiting on retirement savings

  • Retirement savings is important, but if you’re in your early 20s, you still have time to work on retirement goals. If you lose your job in your early 20s and have no savings to tide you over, you’ll probably lean too much on credit cards with, at best, a 13% interest (though more likely much higher). Doing double duty to pay those off could be more harmful long term. I agree that working on both, with a focus on emergency fund, is a good idea.

  • Irina

    All of those are damn good advice for everyone, irregardless of gender. I don’t know why this had to be made a gendered post. I do investments, not lady-investments. I do work, not lady-work.

    I understand there are women-specific topics, such as being prepared for specific health costs like contraception, childbirth or preparing for maternity leave and how that influences the career afterwards. But none of these are in this article.