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Empowering women in finance: Dos and don'ts for taking charge

The experts discuss essential do's and don'ts and shed light on the key considerations women should keep in mind when taking charge of their finances.

By Surabhi Upadhyay Nov 9, 2023 10:20:35 AM IST (Updated)

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In this episode of Financial Quotient, two esteemed financial experts — Lakshmi Iyer, CEO of Investment & Strategy at Kotak Alternate Asset Managers, and Feroze Azeez, Deputy CEO at Anand Rathi Wealth, offered valuable insights on financial empowerment for women. They discussed essential do's and don'ts and shed light on the key considerations women should keep in mind when taking charge of their finances.

Lakshmi Iyer emphasised the importance of starting early when it comes to managing finances. She stated, "The golden rule is to start as of yesterday, and for the rest, please start today. Often, we tend to spend most of what we earn, especially during the early, high-adrenaline phase of our careers. To change this pattern, make saving a priority by setting aside a portion of your income before spending. This shift will lay the foundation for financial planning and investment."

Iyer further stressed that this approach is frequently overlooked by women. She urged them to embrace it and gradually work towards their financial goals. "Just like an Excel Spreadsheet's goal seek function, set milestones and navigate your financial journey step by step," she advised.

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