Women Get Wealthy

Tough times call for creative solutions.  In the current economy, it seems that many people are looking for new ways to bring in some extra income so I    thought we might start a brainstorming session here.  What are some business start-up ideas, which may be  implemented with little or no funding?

Here are few to get us started.......

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Raised in a single-mother household, I witnessed daily how difficult it can be to manage all the responsibilities that come with running a household.  Our parents divorced when my brother and I were 4 & 5 and we went to live with our grandparents (mom's mother and father).  My grandparents were children of the depression and knew how to stretch a dollar.  They helped our mother get a job and restart her life.

Years later, my mother was able to purchase a home - just a block away from my grandparents.  Over the years, there would be ups and downs and many, many lessons learned.  My mother made it perfectly clear that money did not grow on trees - if my brother and I wanted something, we were going to have to earn it.  I still joke today about my mother leaving us IOUs (we owed her) on the staircase.  We were on recurring payment plan with our mom. (Thank you, Mom!)

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I have been investing in real estate for over 10 years and people always ask the same question -  "How did you get started"?

The answer is books - to be more specific, 'Rich Dad, Poor Dad'.  I was fresh out of college, working as a software consultant, when a more senior colleague/mentor of mine said to me...."I just finished a great book.  If I were your age, THIS is what I would be doing".  A few weeks later, while stuck at the Buffalo airport, in a bad snow storm, I read nearly the entire book in one sitting.  It changed my whole view of personal finance and severely altered my plans of how I was going to achieve a goal of financial independence.

Here are a few books, which helped get my wheels turning, with regard to real estate investing:

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From CNN:

There are good reasons why women should aim to be financially independent.

Not only are women expected to live an average of seven to 10 years longer than men, their retirement income is less than half that of men.

According to the United States-based National Center for Women and Retirement Research, the combination of lower salaries and spending less time in the workforce means that women have retirement benefits that are about a quarter those of men.

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