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By: Sheila Coruthers

Today's' woman has the all the options in the world, or do we? After all "We've come a long way baby" But we need to ask ourselves, "Where have we come to?" Please read the following statistics:

*In the US over 47% of women over the age of 50 are single.
*Women's retirement income is aprox. 1/4 than that of men.
*50% of Marriages end in divorce.
*The first year after divorce a women's standard of living drops 73% on average.
*Married Baby Boomers are expected to outlive their husbands by 15 to 20 years.
*The average female born between 1948 and 1964 are expected to remain in the workforce until at least age 74 due to a lack of financial resources.
* Of the elderly living in poverty, 3 out of 4 are women. 80% were not poor when their husbands were alive.
(These statistics are according to Kim Kiyosaki, author of Rich Woman)

As women we need to stop making excuses and start playing catch up! We cannot count on our husbands, our alimony or a Life Insurance policy to take care of us during our retirement years. The good news is that no matter what your age, there are many great vehicles to help you amass a sizable nest egg which can be invested into a cash flow vehicle. This means you will have additional income which will arrive each month to spend or save as you need. Convinced? Great! The next thing you will ask is "Where do I begin Sheila?" Glad you asked, if you follow these simple steps you will begin on the journey to financial freedom.

1. Stop making excuses. I have heard it over and over "I am not smart enough" or "I don't have the time". Picture yourself in a dingy apartment eating cat food, and you will change your mind.

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