I was invited by Dalal Times to write especially for Women's Day. Here is what we shared.
One of the biggest secrets hidden from most people is that women are much better at investing than men. It is just that most people don't know this because of propaganda by groups with vested interest.
When I was small my mother used to manage the finances of the house, she knew where to get the best deals, she knew how to bargain and negotiate prices, she knew where to get the best quality products and she made sure we as kids didn't spend wastefully on useless things and she made sure our savings were parked safely in investments that would grow over the long term.
These are the best and most important investment lessons needed. She didn't need an advanced degree in finance or an MBA to learn these skills. These are skills she had within herself and these are the simple and powerful skills needed to be good investors. You need to make sure you save more than you earn and make sure what you save is used to generate wealth by investing it rightly. You shouldn't get carried away to buy handbags and expensive cars by taking loans as you don't need any of that to be truly happy.
The reason women are better investors than men is because thousands of years ago, when men went out to hunt the women had skills to manage the food that was hunted or foraged. They had to make sure the food is distributed in such a way that the whole family could eat not only today but even tomorrow in case the men couldn't hunt. These were very important skills that ensured mankind survived and thrived.
When men started farming, women developed techniques and methods to make sure the grains and produce was kept safely and protected. These skills have been developed within them over thousands of years.
I want every woman to believe she has infinite knowledge. I want no women to be intimidated by the world of finance, or savvy bankers, financial advisers and financial con-men who try and influence decisions and try and sell them financial products that are worthless junk. You don't need ULIPS and complicated products. If your banker can't explain the product in a simple enough manner - it is worthless junk and something where you will lose money.
Be bold and ask questions. Don't have any fear when it comes to investing and be proud of the knowledge within you. I want every woman to be aware of the power she has and get rid of fear. I believe we wouldn't have so many global economic crashes and downturns if women were more active in the financial world as they are smarter at making such decisions because of the their natural instinct.
I believe women are special and lovely. I love women. Whatever I have learnt about investing has been from women, because without them I wouldn't exist. Both Goddess Lakshmi and Goddess Saraswati are in the lovely female form. (See The Must-Watch Talk On: The Secrets Of Goddess Lakshmi and Goddess Saraswati)
Be proud of yourself and I will continue worshiping you for all that you are.
Keep smiling and spread the love, joy and happiness!