Finance
Women need financial freedom to ‘live on their terms,’ advisor says. These 3 strategies can help
When it comes to managing money, women face unique challenges.
Women tend to live longer than men, which means they need their money to last for a longer period of time, according to Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners in Atlanta.
Many women also tend to take time out of the workforce to care for children, parents or significant others, noted Elliott, a member of the CNBC Financial Advisor Council. Being out of the workforce for any period of time can impact women’s financial security and retirement, she said.
Working with a financial advisor can help women plan through those challenging times.
“I think it’s important for women to feel empowered, and part of feeling empowered is having the financial resources and having financial stability,” Elliott said.
Elliott, who served as the first Black person to chair the CFP Board of Standards, said the industry is working on educating women starting at a younger age about “how fun finance and budgeting and investments can be.”
Still, women of any age can get ahead financially by pursuing several strategies, Elliott said.
1. Negotiate your pay
Ponywang | Istock | Getty Images
Research has shown there is still a gender pay gap that results in women having lower earnings. That can impact how well women are able to invest for retirement as well as other goals, Elliott noted.
Women can help narrow those gaps by negotiating their pay, especially when they start a new role, Elliott suggested.
New pay transparency rules effective in some locations can work in women’s favor, she noted, by eliminating the need to disclose current salaries and showing the compensation ranges roles may provide.
2. Make investing a priority
Women may be holding back from investing their money for a couple of reasons, according to Elliott. They may feel investing is overly complicated or they may not have the funds to invest.
Yet when women do invest, they actually tend to perform better than men, she said. A 2021 Fidelity Investments study found women’s returns tend to surpass men’s by 40 basis points, or 0.4%, according to an analysis of annual performance across 5.2 million accounts.
It’s important for women to feel empowered, and part of feeling empowered is having the financial resources and having financial stability.
Kamila Elliott
CEO of Collective Wealth Partners
Today’s market volatility can be an opportunity particularly for those who are 10 to 30 years from retirement, since they have the time to ride out those ups and downs, she said.
As average market returns bounce back, that can result in meaningful progress over time, Elliott noted.
3. Establish a ‘financial freedom account’
To feel empowered, women need financial resources and financial stability. That means having an emergency fund is “critical,” Elliott said, with three to six months of your monthly operating expenses in a liquid savings account.
Beyond that, Elliott works with clients to also create a “financial freedom account,” which can help provide a financial cushion to make changes when they feel stuck in a relationship, job or living situation.
“It gives them freedom to live on their terms, do what they want to do and empowers them to make right decisions for them and their family,” Elliott said.
The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases slowed in April as inflation remained above the Fed’s 2% target. The release comes as investors have been closely watching data releases for signs of how President Trump’s tariff policy is impacting the economy.
The “core” Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.5% on an annual basis, in line with expectations and lower than the 2.7% seen in March. Core prices rose 0.1% in April from the prior month, in line with expectations and the monthly increase seen in March.
On a yearly basis, PCE increased by 2.1%, below the 2.2% economists had expected.
The release is yet another sign that while economists and consumers alike expect Trump’s tariffs to push prices higher, the inflationary impact from policy largely isn’t showing up in hard economic data. Friday morning’s release reflects the month of April, the first month in which a large portion of Trump’s tariffs were in effect.
It does not include any impacts from the 90-day tariff pause between the US and China.
“The increased tariffs have not yet worked their way into the consumer inflation readings, but we anticipate that the improved inflation trend will reverse in the second half of the year as companies are forced to begin passing along a portion of the increased tariffs in order to protect profit margins,” Nationwide chief economist Kathy Bostjancic wrote in a research note on Friday.
Read more: What Trump’s tariffs mean for the economy and your wallet
On Wednesday, minutes from the Federal Reserve’s May meeting revealed officials are growing increasingly concerned about how Trump’s policies could impact its fight against inflation.
“Almost all participants commented on the risk that inflation could prove to be more persistent than expected,” the minutes read.
Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
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Finance
Macroeconomy, Finance, and Procurement Among China’s Legislative Priorities – The US-China Business Council
VANCOUVER, BC, May 28, 2025 /CNW/ – Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF) (FSE: 1SZ) (“Santacruz” or the “Company”) reports its financial and operating results for the year ended December 31, 2024 (“FY 2024”). The full version of the audited financial statements for FY 2024 (the “Financial Statements”), which includes a restatement of comparative 2023 consolidated financial statements, and accompanying Management’s Discussion and Analysis (the “MD&A”), can be viewed on the Company’s website at www.santacruzsilver.com or on SEDAR+ at www.sedarplus.ca. All amounts are expressed in U.S. dollars, unless otherwise stated.
FY 2024 Highlights
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Revenues of $283 million a 13% increase year-over-year.
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Gross Profit of $57 million, a 1670% increase year-over-year.
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Net Income of $165 million, a 1594% increase year-over-year.
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Adjusted EBITDA of $53 million, a 200% increase year-over-year.
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Cash and cash equivalents of $36 million, a 622% increase year-over-year.
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Working Capital was $46 million at the end of FY 2024.
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Cash cost per silver equivalent ounce sold of $21.90, a 16% increase year-over-year.
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AISC per silver equivalent ounce sold of $26.01, a 15% increase year-over-year.
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Silver Equivalent Ounces produced of 18,651,701, a 1% decrease year-over-year.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “FY 2024 was a transformative year for the Company, driven by our strong financial and operational results. Santacruz achieved a 13% increase in revenue and a 200% rise in adjusted EBITDA, supported by operational improvements and a favorable silver price environment. These achievements strengthened the Company’s balance sheet which allowed us to end the year with $36 million in cash, a 622% increase. In addition, we significantly worked on enhancing shareholder value while maintaining a disciplined operational focus and laying the groundwork for long-term growth.”
Mr. Préstamo continued, ” In preparation for the audit, the accounting team identified a series of non-cash errors booked during the tenure of the former CFO. These non-cash errors caused a significant number of related adjusting entries in the current and prior years creating additional audit work and therefore the subsequent delay in filing the financial statements. Santacruz’s competitive edge lies in the quality and efficiency of our core Bolivian and Mexican mining assets and the flexibility of our San Lucas ore sourcing model, which enables swift adaptation to market conditions and maximizes the benefits of our leverage to rising metal prices. With this solid foundation and an experienced management team, we are well-positioned to enter a new phase of sustainable growth while continuing to deliver value to our shareholders.”
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