Financial freedom. It can sound like a nice theory. But the truth is in our society , it's difficult to achieve especially for women. Sometimes it amazes me that a lot of women are still dependent on either family or husband for most of the financial needs.
There are a bunch of different ways to go about each of those steps, and some of them might be complicated by being a woman, although that's partly up to you, and partly a matter of where you are.
To be a woman who is strong, determined and independent at the same time is a very powerful combination. Independence is a powerful gift that a woman can give to herself. It can lead her to reach greater heights and achieve higher goals.
A large number of women in Pakistan are efficient home-makers but career takes a back seat for many of them when they enter motherhood or when the domestic needs of their household are more pressing. It is important to understand that at present; quite many women have to live their retired lives alone due to their longer life spans or separation from their spouse. Hence, women might have to handle their financial situation alone at some point of their lives.
If your earnings lag because you choose a “woman's” profession, because you encounter discrimination, or because you don't negotiate your pay assertively or ask for a raise now and then, the process could be hampered because you are a woman. Lackluster pay and dead-end jobs are quite possible for men to end up with, too.
If you spend without restraint, you'll never get there, but that's true for both men and women. Where being a woman could hold you back is if it falls to you to support children without help from a spouse. If you are married or become so, get your spouse some Money Mustache to read, and get him/her on board.
If being a woman means to you more pressure to dress fashionably, wear plenty of makeup, etc., it's up to you to decide how that figures into your budget. Being a woman might mean you get fewer great deals when you take a car to the mechanic. Push back, shop around, and ask around, if you think you're getting the run-around.
And finally, if you're timid about investing, once you've set aside an emergency fund and some money for any short term goals, you may not keep up with inflation or have your money out there working for you. That's true for men, too. The good news is, when women do take charge and invest, they tend to be more careful and more successful than men.
There are lots of good resources for financial Independence, books, blogs, and podcasts. One standout is Paula Pant's Afford Anything. I'd encourage you to read and listen to her, and then to check out guests who interest you and others in the space whose approaches align with your lifestyle and interests. You'll find resources just about handling money when you have children. You'll find folks who retired overseas, and those who stay near where they grew up.
You'll find homesteaders, real estate investors, and tiny home minimalists. You'll find folks who achieved financial independence working as teachers, serving in the military, and doing jobs they created for themselves. And even if you don't find exactly who you are and where you are, you'll find enough to put things together and make your way.