Women & Wealth: Taking Charge- 2

In today’s world, financial independence is not just an option—it’s a necessity. Women across the globe are breaking barriers, establishing their identities, and making decisions that impact their personal and professional lives. Yet, one of the most critical aspects of empowerment often remains unspoken: financial independence.

In a conversation on The AboutHer Show, corporate executive Raka Khashu emphasised the indispensable role of financial independence in a woman’s life. Her insights shed light on the importance of self-worth, career choices, and the strength that comes from being financially secure.

The Non-Negotiable Nature of Financial Independence

Raka Khashu makes it clear: “Financial independence is the most important thing on this planet for a woman.” She underscores that regardless of background, whether from a privileged family or a modest one, every woman must have her own financial standing. It is not about earning millions but about having control over one’s own finances, a sense of self-respect, and the ability to make independent choices.

Also Read: Women & Wealth: Taking Charge- 1

Too often, women are conditioned to believe that they will always be financially supported—by their parents, husband, or children. However, as Raka points out, relying on someone else for financial security can become a major obstacle to making the right personal and professional decisions. True financial independence means never having to think twice before spending on basic needs or indulging in personal desires, be it a book, a vacation, or a simple self-care routine.

Breaking Free from Emotional and Financial Dependence

While financial independence is critical, emotional independence also plays a pivotal role. Many women remain in unfulfilling or even harmful relationships because they lack financial freedom. “You cannot move away even if you want to because you are financially dependent,” Raka explains. This dependence can trap women in toxic environments, preventing them from making choices that align with their happiness and well-being.

Financial independence allows women to take control of their lives. It ensures that they can leave situations that do not serve them, whether in personal relationships or in professional spaces. Women must recognise that their worth is not tied to their financial dependence on another person but to their ability to make their own choices.

The Workplace Equation: No Work is Small

For young women stepping into their careers, Raka shares a crucial lesson: Do not shy away from work. Many new professionals hesitate to take on certain tasks, believing them to be beneath their qualifications. However, she stresses that every task—big or small—contributes to building a strong foundation for success.

“Learn to get your hands dirty,” she advises. Regardless of how prestigious a degree one holds or the family background one comes from, a humble and hardworking approach is the key to professional growth. Financial independence starts with a strong career, and a strong career starts with dedication, persistence, and the willingness to learn.

Also Read: The Inspiring Journey of Radhika Ghai

Prioritising Yourself and Your Financial Well-being

A major takeaway from Raka’s insights is that women must prioritise themselves—something that does not come naturally to many. Women juggle multiple roles as professionals, mothers, daughters, wives, and caregivers, often placing their needs last. “If you are happy with yourself, you will be happy in all roles you play,” she states.

Part of prioritising oneself includes ensuring financial security. Women must actively engage in financial planning, savings, and investments, just as they do in their careers and personal lives. They should not wait for a crisis to realise the importance of having their own financial base.

Final Thoughts: Women Can Have It All

The idea that women must choose between personal happiness and professional success is outdated. “Women can have it all if they know when to say no,” Raka asserts. This means setting boundaries, recognising one’s worth, and never compromising on financial independence. The ability to stand on one’s own feet is not just empowering; it is necessary for leading a fulfilling life.

Financial independence is not just about earning—it is about self-respect, choices, and the power to shape one’s own future. Women must realise that they are capable, deserving, and strong enough to take charge of their wealth, their careers, and their lives. It is time to raise the bar, not just for themselves but for the generations that follow.