Empowering women through financial independence

Authored by Amisha Vora, Chairperson & MD, PL Capital

Financial independence is one of the most powerful tools for women to shape their future and this mission is deeply personal to me. I want to encourage more women to become financially literate because it builds confidence, independence, and long-term security. It is the key to progress and happiness.

For any woman beginning her financial journey, my advice is simple: start by saving, because savings are what turn into wealth. At the same time, remember that wealth creation is a journey, and like any journey, it requires time, patience, and discipline. Just as we dedicate an entire day to earning money, we must also invest time in making that money grow. Even if a woman is not working, she can invest time in learning about the markets and take charge of her finances.

A critical investing lesson is understanding the difference between speculation and investing. Buying stocks or derivatives based on hearsay or tips, without understanding the risks, is speculation. True investing requires research, a clear assessment of risks and returns, and conviction. If you have made investments without fully understanding them, cut your losses and protect your capital. That way, when better opportunities arise, you will have the liquidity to reinvest.

Personally, my investment philosophy is built on quality and growth, a combination that never fails. Sometimes, I am willing to pay a little more for these traits because they create a strong foundation for any portfolio.

Many women, especially homemakers, often ask where to begin. I suggest starting with mutual funds, as they offer professional management and diversification while you develop a better understanding. As confidence grows, you can explore direct investing.

For seasoned investors, success lies in understanding management quality, business strength, and valuations. These concepts may seem straightforward, but applying them effectively is the real challenge. That’s why investing is both an art and a science, requiring continuous learning. The most important step, however, is simply to start.

While you build your knowledge, seek guidance from trusted financial professionals & advisors who can help you navigate the market with confidence. With the right support, you can make well-informed decisions that align with your financial goals.

This Women’s Day, I urge every woman to take that first step. Invest in yourself, invest in knowledge, and take charge of your financial future. And remember, financial independence isn’t a dream – it’s a decision. Make it today.