MAKING MONEY MOVES THE ‘QUEEN BEY WAY’
37-year-old Beyoncé Knowles has made around $300million (£232m) from Uber, thanks to a deal she struck up, back in 2015.
The singer was offered $6million (£4.6m) to perform at an event for the company, out in Las Vegas. An absolute bargain for a private session with Queen Bey. Instead of getting actual cold, hard cash for the gig, she reportedly asked for payment in stocks, turning that $6million into a whole lot more.
If cash is King then stock is Queen. She had it all figured out.
But what has kept women from making some ‘Queen Bey’ money moves?
The biggest reason for women not investing more? Not having the knowledge to do so. In a study by Merrill Lynch, 60 per cent of women said not having the financial know-how proved the biggest barrier to entry into buying stocks for the first time, followed by not having the confidence to do so.
The process of investing can seem tricky and be intimidating. But it doesn’t have to be. Remember, you don’t need a whole lot of money to get started. Getting over fears of the stock market, though, comes down to getting over a fear of the unknown. And that means starting with the basics.
- Learn the difference between trading and investing
- Be certain about your objectives
- Pick an investment you are knowledgeable about
- Know the roles stock and bonds play
- Speak with a seasoned broker
Photo Credit: New York Post