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Nowadays, more and more women are trying to take control of their finances. Some are young and are currently employed in their first job, while some are re-entering the workforce and going back to work. Some, on the other hand, are recently widowed and are forced to manage their own wealth. No matter what category women fall under, studies show that they are more interested than ever to learn more about taxes, bonds, stock, and mutual funds. They are realizing that if they want to have financial security, then they themselves must do something about it.

Unfortunately, a lot of women still leave the financial responsibilities to their husbands. But with divorce rates at around 50 percent and about 63 percent of women being alone by the age of 55, it seems that the chance of women being on their own is very big. Thus, women will need wealth building suggestions to ensure their own financial freedom and security for their children and for their future. Here are a few women wealth building suggestions:

1. Overcome your fears by knowing more about wealth building. You will become more confident and successful at managing your money if you learn more its nitty-gritty details. You can begin by attending women-only seminars on money management, reading good investment books, and joining mini-courses. You can also surf for financial educational reading materials online.
2. Manage your cash wisely. Make a feasible household budget so that you can get your income and expenses in check. Refrain from using your credit cards. Doing so will help you keep track of your money.
3. Look for professional advisors who can provide the needed knowledge and suggestions to help you pinpoint and attain your goals. Find someone who advises and is open to your input, not someone who merely tells and dominates. It is your money, so you should have the final say.
4. Start saving as early as possible and for as long as you can. Even if you get married, manage your own savings accounts as well as your retirement accounts. Allocate 5 to 10 percent of your income for the future. Having money within easy reach will help you achieve your goal of being financially independent and in control.
5. Identify your comfort zone when it comes to investing. This can be from conservative (i.e. savings accounts) to aggressive (i.e. penny stocks). Avoid those that you are not comfortable with.
6. Get your feet wet first. This is probably one of the most important women wealth building suggestions. Investing a little at a time will give you experience and hence more confidence. You may establish a small home online business. You may also join a local real estate investment club. There are a lot of ways by which you can start earning your own money.