How Can Women Build Their Money Muscles?

Let's Talk Money with Monika Halan

15-08-2024 • 12 mins

Today, Monika addresses the critical issue of women and financial independence. She discusses how women have traditionally used methods like kitty parties and gold investments to secure their finances. Monika emphasises the importance of women transitioning to formal financial products like PPF and mutual funds, and provides actionable steps for women to build their financial security and take control of their assets.

Monika also answers your questions about investing in Mutual Funds over ULIPs and what to look for when selecting a fund, how to teach financial literacy to your kids, whether it’s wise to open a demat account in the name of non-earning family members, and opting for mutual funds over exchange traded funds.

Chapters:

(00:31 - 04:38) Women Take Control Of Money

(04:51 - 07:10) When Selecting A Fund

(07:13 - 08:03) Financial Literacy For Kids

(08:05 - 09:27) Opening A Demat Account In Someone Else’s Name

(09:30 - 11:25) Mutual Funds vs Exchange Traded Funds

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Monika’s workbook on recording your financial life

https://www.monikahalan.com/lets-talk-legacy/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan.

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta