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business ideas women leadership skills

Which Are the Leadership Skills Women Can Acquire Easily?

Despite this being the 21st century, the world is still a patriarchal society. That means women have to work twice as much in the professional arena, let alone in leadership.

But time and current trends show that women indeed have the potential to do more than follow. They have natural abilities and qualities that can apply in leadership roles. These are some of the women leadership skills they can use to move up their professional ladder.

Although leadership is not gender-specific, men and women often display different styles. The distinct difference between their core traits makes some skills easier for a specific gender to adopt.

Empathy

The main reason many women are not in leadership positions is that they are too kind. Yet, to lead in the modern-day demands connecting with the employees and not just being an authority figure. Women have the empathy to appreciate and validate co-workers that helps to boost productivity and confidence.

Communication

In workplaces, open communication channels allow for clarity and smooth execution of tasks.

Ranking high on the list of women leadership skills is communication. It is easy for them to excel as communicators because they do it regularly, clearly, and more openly than men. Women leaders provide adequate guidance and seek feedback from the members. The scope here is not speaking only but reading and writing, body language, and active listening. A leader who knows how to communicate will have success in directing the team and achieving goals.

Emotional Intelligence

Emotional intelligence is the ability to understand emotions- an individual’s and others’. In recent years EQ has become one of the top leadership skills because it is not about commanding people to take action but inspiring them. Recognizing people’s emotions enables a leader to identify the best ways to connect with the team. The skill comes more easily to women than men since they are in tune with their emotions.

Collaboration

Women are more predisposed to work in teams. They promote cooperation and collaboration among the members. Being believers in team building, they will work towards ensuring everyone is part of the mission.

Their high capacity to serve and let others means they can make important decisions while relying on the team effort to make it work.

Motivation

Another leadership skill is the ability to help others tap into their potential. Women are nurturers. The natural tendency to care for and help grow can translate seamlessly to helping team members to succeed. Women seek to change the beliefs and attitudes rather than behavior through winning their hearts.

The list of women leadership skills above is not conclusive. However, it sheds light on the capacity for women to make exceptional leaders contrary to popular belief. It reveals that women have a higher success rate in acquiring these vital skills for leading.

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business ideas financial strategies

3 Smart Financial Strategies for 2021

The past year was volatile and challenging for everyone. The economic strain left many struggling to stay afloat, and then there was the reality of little to non-existent individual cash reserves.

The biggest takeaway is that the only sure thing in life is uncertainty. That serves as a cautionary tale.

With the effects persisting in 2021, it is a great time to reconsider adjusting financial strategies. It doesn’t necessarily mean making extreme investment changes but utilizing smarter approaches.

Here is a list of the top three to get you started;

Reevaluate the Insurance Plan

It may seem odd that assessing an insurance plan is on this list.  It’s possible to be overpaying for the insurance without realizing it. 2021 is the time to compare all those insurance plans. The services of an insurance comparison agency can help identify if there’s a need to switch plans.

The Gabi insurance comparison service offers more benefits.

  • They make comparisons for all insurance plans such as auto, home, rental, landlord, and umbrella.
  • They can cast a wider net since they have an insurance license in 50 states.
  • Not to mention their auto calculator brings results from 40 plus insurers to compare in just a few minutes.
  • They get the leads for the best rates and also contract the insurance company for the client.

Launch a Retirement Plan

Retirement is saving for later and not an investment but, it can be a good platform for investing in a tax-free account. The secret is to grow the savings in a deferred tax account like IRA. Over time the tax deferral in a retirement plan will compound to create a higher return.

One of the best financial strategies in 2021 is to start a retirement plan or increase the contributions to an existing one. Acorns financial partner offers easy and automated accounts for retirement plans. These are IRA accounts SEP, traditional, and Roth. They also help you pick the best one for the goals and lifestyle you have in mind.

Invest Smarter

The pandemic became a game-changer for the stock market leading to a free fall in prices.

So, what is the smart investment move to make in 2021? Even though commercial real estate took a hit in 2020 with the move to remote working, the residential sector seems promising as the prices maintain a steady increase.

Real estate serves as the best option for volatile stocks.

REITs are a sound option. It is prudent to choose well where to invest that hard-earned cash. DiversyFund’s growth REIT has a brilliant spin to it. By taking a flipping approach, they buy apartment units, renovate, and sell at a higher value.

Bottom Line

Last year sent its shock waves over the financial well-being of people. There were jobs, businesses, and investment losses. 2021 is a time to regroup and embrace better financial strategies to absorb that shock. These can be by making a wise investment, creating security for later years, and rethinking insurance plans.

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business ideas financial strategies

How to Save More in 2021: Practical Money Saving Tips for Better Financial Planning

Having a plan to cut back on unnecessary expenses and cultivate a culture of building up an emergency fund and wealth reserve is the only way to ensure peace of mind.

Most people need a substantial amount of money to shield themselves in the wake of unexpected misfortune. So, here is a round-up of some of the best money saving tips financial advisors recommend.

Create Automatic Savings

On payday, the cash seems to disappear faster than regular days. That’s why financial advisors recommend the ‘pay yourself first’ approach. With the multitude of bills calling out, self-discipline can be a trick. Experts recommend creating automatic contributions to a savings account to keep from skipping so that there are savings consistently all year. An alternative to a savings account could be automating the funds to a recurring investment account like acorns. Acorns help put the savings to work through simple investments like EFTs.

Use Credit Card Perks and Cashback Wisely

It’s natural to treat oneself when there are additional earnings like cash backs and credit card rewards, but financial experts warn against such a move. These are ripe opportunities to put the extra cash to better use. Instead of indulging in a shopping spree, purchase essential items like groceries and home effects. Make money saving a priority instead of spending.

Grab Everyday Saving Opportunities

Financially healthy people add up their savings fast by finding and utilizing everyday opportunities. They choose cheaper streaming services, save on shopping by intentionally going for online sites that give incentives, and throw the spare change from debit and credit card purchases into a savings account. Financial planners recommend using a financial app like acorns that offers features to save on purchases with big retailers such as Nike, Airbnb, Walmart on their Found Money portal.

Beef Up the Insurance Deductibles

Researching insurance options is a great approach to save money that would have otherwise gone into a way expensive deal. It is always best to shop around for deals and make comparisons.

Some helpful strategies are; increasing the deductibles on home and auto policies, bundling up the plans, or purchasing different insurance plans from the same company. Opting for a premium plan saves you money in the long run. Insurance comparison websites can easily make the analysis. A good example is Gabi’s comparison and insurance shopping services.

Consider a Long-term Investment Plan

Creating savings, investing in stocks and bonds is good, but real wealth lies in long-term investment. This year every person working towards financial fitness must consider at least one such plan.

While there are many long-term investment options out there, settling on one that fits one’s style can be challenging.

Diversyfund offers innovative real estate investment options for the everyday investor through non-traded REITS.

Implementing money-saving tips is the first step to solve money worries. Consider these and other useful ideas from financial experts for a better year.