Networking Can Be One of Your Greatest Financial Assets

Article Summary

• Women network to build community all the time, from childcare to philanthropy to carpool groups.
• That same approach can be useful when it comes to financial decisions. Building a wealth network offers trusted connections in a variety of financial-related areas.
• Wealth networks for women may include an attorney, a CPA or a professional financial advisor, each of whom can provide specific support related to their fields.

Networking Can Be One of Your Greatest Financial Assets

Women the world over have heard the phrase, “It takes a village.” It most often refers to parenting, giving credit to the family, friends and neighbors who play invaluable roles in raising a child. 

The same phrase can be applied in a similar way to our financial lives. Just like relationships make carpools and childcare more manageable, they also act as connections that may lead to career and investment opportunities. Networking, as it turns out, could really be one of your most valuable financial assets.

We sometimes overlook that, in part because a human connection isn’t always referred to as an asset. But, we all know that social capital has value. It is the “you have to know somebody” phenomenon that all-too-often comes in handy throughout our lives. The networks we build provide real value, especially in competitive environments, like certain professional industries, certain geographies during desirable seasons, or even when a popular performer comes to town.

Knowing someone often makes all the difference.

The Value Of Professional Networking For Women

Most women are familiar with the benefits of networking for career advancement. Hundreds of millions of women utilize LinkedIn, the go-to social network for professional content. As for in-person networking, industry data indicates an overwhelming majority of professional women have attended mixers or conferences where the primary goal is to network.

There is just no telling who could be the connection you may need to tap into for a future job, future partnership or future endorsement. The same goes for finances. Building a network that is specifically focused on your own financial success puts experts in your corner. You might already be doing it.

It is possible that your social networks may overlap. Networking opportunities for women specifically may look different than for men.

For example, someone who you partner with on carpool runs may also be an attorney or a CPA. Similarly, someone you meet at a benefit may ultimately be a potential investor in a future business idea you have. Regardless of how the connection is made, networks that are built with authenticity and trust are often the source of opportunity before that opportunity becomes more widely known.

The easiest examples of this include hearing of a job before it is posted, learning of a home for sale before it hits the market or scoring a vacation rental in an enviable locale before reservations are posted publicly. Wealth networks provide parallel benefits.

Most commonly, wealth networks include trusted professionals who have expertise in areas that support financial growth and stability. From attorneys to mentors to business owners and CPAs, the experience these professionals carry can be valuable when decisions need to be made about career transitions, promotions or even investment opportunities.

Finding The Right Financial Advisor

For many women, the wealth networks they build include a financial advisor. It is not uncommon for women who are seeking investment guidance to seek one who understands the unique journeys that females navigate throughout their lives. From becoming a mother to experiencing career transitions to prioritizing caregiving later in life, all of these seasons impact financial decisions in one way or another.

Having trusted professionals at the ready, as part of your wealth network, can make it easier to move through those situations with a greater degree of confidence.

At Svvy®, we understand that. That is why we have developed our own network of trusted, female-vetted financial advisors. As a business owned by women, founded by two sisters, we appreciate the desire that women have to work with financial experts who understand the myriad decisions females have to make.

Financial decisions are just one of many.

To begin building your own wealth network, start by taking our match quiz. It helps women find a women-vetted financial advisor who aligns with their own goals and priorities. To get connected with a financial expert who is right for you, get matched with a Svvy® expert today. 

Disclosure: This content is provided for general educational purposes only and does not constitute individualized investment, legal, or tax advice. Svvy®  acts solely as a solicitor and connects and matches individuals with independent third-party financial professionals through a quiz-based matching process on the Svvy® Network. Matching is based on information provided through Svvy’s platform and does not constitute any advice. Any advice, recommendations, and services are provided only by the independent professional you choose to engage.