This community approach is what makes investment groups popular. Learning about money can be daunting because the topic is so loaded, and the language so technical. Learning with other people eases some of the pressure and confusion. Taking risks becomes easier and the occasional negative results less disastrous when it is done in a group. In addition, participation in an investment club is relatively inexpensive.
Most clubs require contributions in the twenty to fifty dollar range each month.
For women, taking control of their finances becomes critical when you examine the disparity between men s and women s earnings. This is especially true when you consider how future retirement income will be affected. For example, it is well known that women spend a much longer period of time out of the workforce than men do. This has a crippling effect on retirement earning. The above facts aren t meant to scare you, but they do serve as a good eye-opener.