The book is also available now in New Zealand
A book titled The Female Investor: Creating Wealth, Security & Freedom Through Property, authored by a female Kiwi, has become the most popular in its category in Australia a few short weeks after its initial release, and is now also available in New Zealand.
Released in Australia at the start of April, the personal finance book is now more popular than Rich Dad, Poor Dad and The Barefoot Investor in the finance and investing category, according to Dymocks online.
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The Female Investor was written by Christchurch-born Nicola McDougall, a successful finance and property journalist, property investor, chair of the Property Investment Professionals of Australia (PIPA), and former editor of the Australian Property Investor magazine. The book was published by Wiley and included insights from Kate Hill, qualified property investment adviser.
Currently based in Australia, McDougall found the inspiration for The Female Investor from her desire to help more women become financially independent and secure throughout their lives.
“It’s a well-known fact that women are more likely to be less financially secure than men around the globe,” McDougall said. “Whether through an income pay gap, maternity leave, or a relationship breakdown, many women are forced to play financial catch-up throughout their lives. I wrote The Female Investor to assist women of all ages from around the world – from younger women just starting out in their careers to someone who may have found themselves single again in their 40s or 50s. TFI features information that is relevant no matter where you live, plus, one of the main goals of the book was simply to inspire, encourage, and motivate women to take charge of their financial futures so that they have more choices later on in life.”
Government research found that the financial outcomes for women continue to be significantly worse than for men, with the situation unlikely to change unless more financial equality is created between genders during their working lives.
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According to The Women’s insight paper on economic security in retirement, more elderly women live in poverty in Australia than men. Women are also more likely than men to re-enter the workforce following retirement and are also twice as likely as men to sell their house and move to lower-cost accommodation due to financial constraints.
“It’s not easy balancing a career, dating, a family, and a thriving personal life, all while saving for your future, but there are ways to maximise your income sooner to improve, and create, your very own financial freedom,” McDougall said. “I truly believe that The Female Investor will help women better their financial security and stand on their own two feet – and its popularity with readers on this side of the ditch certainly seems to show that it’s a book that has been long overdue.”
