Money Talks, but Do You Listen? Simple Answers for Smart Decisions (Part 6)

In a world where finances shape much of our lives, it’s important to educate ourselves about money—from understanding credit to avoiding scams. Noha takes a deeper dive into some essential questions and answers to help you make informed choices in this Money Talks series.

How Can I Protect My Finances During Major Life Changes (e.g., Marriage, Divorce, or Having Children)

What it is:
Life events like marriage, divorce, or childbirth can significantly impact your financial situation, whether through changes in income, debt, or savings goals.

Why it matters:
Women often face unique financial challenges during these life transitions, such as taking time off for maternity leave or navigating divorce settlements. Knowing how to manage finances during these times can prevent setbacks and ensure financial security.

How Can I Overcome the Gender Pay Gap and Build Wealth

What it is:
The gender pay gap is the difference between what men and women earn for the same work. Although the gap has narrowed, it still exists, impacting women’s ability to accumulate wealth.

Why it matters:
Negotiating for better pay, investing wisely, and finding ways to generate additional income (like side hustles or passive income streams) can help women close this gap and build long-term wealth.

What Are Some Smart Ways to Invest as a Woman

What it is:
Investing is one of the most effective ways to build wealth over time. Women may have different risk tolerance or priorities when it comes to investing, such as considering ethical investments or planning for family needs.

Why it matters:
Women tend to live longer, so they need their investments to grow over time. By learning how to invest in stocks, bonds, mutual funds, or other vehicles, women can build a diversified portfolio that supports their financial goals—whether that's funding retirement, their children's education, or a comfortable lifestyle.

PRO TIP: Start simple and stay consistent!

About the Author: Noha Fazili’s personal journey, shaped by growing up in a conflict zone, has fueled her deep passion for promoting financial literacy, particularly among women. She is driven by her belief that education is the foundation for personal and collective empowerment. Noha earned her MBA at Smith School of Business at Queen’s University in Ontatio and works in Wealth Management at Royal Bank of Canada