As the gender pay gap continues to close there is still some hesitation in women when it comes to being confident in their personal finances. Hilary Hendershott, President & Chief Advisor of Hilary Hendershott Financial joins Your Cheddar to discuss how to get your feet wet in investing.
But first, why are women so intimidated by personal finance? Hendershott says it's because money comes with an emotional attachment. Many women don't feel comfortable talking to their friends about their wealth, but men talk about money all the time! She encourages women to be more open about their finances.
Plus, how to build your wealth as a woman. Hendershott says you should shed old ideas about the social norms that come with money. She also says the three big things you should be saving for are: a car, a house, and financial freedom.
A legal expert helps break down why Tesla shareholders are voting on Elon Musk’s historic pay deal – and why betting against Musk usually doesn’t pay off.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’