March 8th is International Women's Day. It is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender parity. This year's theme is #BalanceforBetter. Better the balance, better the world.
In thinking about balance, it made us question how this relates to our personal finances and wellness.
Are our investments balanced?
According to Investopedia, “a balanced Investment strategy is a method of portfolio allocation and management, aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.”
A balanced investment strategy still has risk. It is designed for someone who has a longer time horizon until retirement and has some risk tolerance.
We encourage you to take a look at your investments and determine what strategy works for you. Try this Asset Allocation Quiz/Calculator
A work-life balance may seem like something we’re always striving for and never able to achieve. Despite numerous articles on the importance of finding a balance or tips to get it, we are not always able to put it into practice. The resulting stress we deal with affects our wellbeing and finances. When we’re able to find a balance, we are more healthy, productive, and happy.
To achieve the balance, it may require you start with small changes like not checking your phone constantly, prioritizing and setting realistic goals, accepting that things won’t always be perfect, or finding a stress-relieving activity like meditation or exercise.
If you’re feeling out of balance financially or mentally, now is the time to make a change. When you’re in balance, you’re better able to bring about change in the world. To watch a webinar on strategies that will get you back in control of your day click here Reclaim Control & Get It Done