Women, Wealth and Trailblazing

Boomer Women and Wealth... Women over 50 are increasingly inheriting and making more money. Get the facts from this New York Times article on women and wealth. Read the entire article by clicking here. Financial Woman Insights:  Check the fees carefully for annuities....and the income stream, especially now. If you are hiring a financial advisor, know why...please! Favorite line from this article: “This group of women are trailblazers,” Ms. Slotkin said. “They’ve become forces as business owners in their communities, they’ve accumulated wisdom along the way, and … [Continue reading...]

Quickly Test Your Income Idea with This!

Income Ideas Galore

Remember Madlibs? Here's a cool one for you! More income means more money to grow...and a better lifestyle along the way. Have an idea to test a new income stream? Step #1, google search to see who else, if anyone, is already doing it. Contrary to popular belief, you either want lots of people doing it, or none. If it's a general, not patented or trademarked idea, like a website or book on decorating with repurposed items, for example, you want to see lots of people doing it. This indicates that there's strong interest in your intended market. If it's a unique product invention, … [Continue reading...]

A Noted Shift in Women and Money Expert Suze Orman’s Philosophy

Suze Orman Shift

I love everything that women and money Suze Orman says in this article. I haven't read her content in a good while, but I really like that she is now recommending that people make investments based on what's happening in the economy, not just a standard percent in various investments based on their age. It's called asset allocation in financial lingo, divvying your money up among stocks and bonds and such. This is a big shift for Suze, and for an investor's portfolio management. Yes, it is definitely easier to just put a certain percent of your wealth account in various type of … [Continue reading...]

The Most Important Step to Hire a Financial Advisor…

how to hire a financial advisor

Did you know that Baby Boomers are about to transfer the single largest sum of wealth to another generation, according to this Forbes article by fellow baby boomer Neale Godfrey? Estimates range up to $59 trillion!! The only thing I might say differently is that it's best to hire a financial advisor based on the results they are getting for you, hence, the importance of really understanding just a few investing basics... Get the article and some great pointers here at Forbes... … [Continue reading...]

How to Invest Part 2

How to Invest

How to Invest Part 2 The first How to Invest article addressed deciding how much money you want to invest. The next step toward smart investing is choosing how much risk you want to have with your investment money. You’ll want to have six to twelve months living expenses in a very low risk investment that has little or no change in value. This is not investment money that I’m addressing in this article; this is reserve money in case you lose your job, or have some sort of emergency. It’s your “sleep well at night savings”… But what’s your “sleep well at night risk … [Continue reading...]

Learn How To Invest; Create Financial Freedom

how to invest

How to Invest - Part One on the Journey to Wealth... After my longtime girlfriend from college emailed me again to ask how to invest her teacher retirement fund, I decided once and for all to start sharing more information about traditional investing here at Financial Woman. Telling someone where to invest money is a huge responsibility, and it’s not one that I want right now. What I do is share what I've learned from over 30 years of investing so that you can make better, more confident choices about investing, have peace and confidence about your money, and live rich. Since I’m … [Continue reading...]

Do You Know About This Smart Investing Tool?

how to invest

  Do you have that nagging feeling signaling you need to know more about how to invest if you're going to reach your life and financial goals? You may have read about how to invest with index funds here at Financial Woman. Investors can easily invest in stock and bond indexes with either mutual funds or etf's (exchange traded funds). (Remember, smart investors always check the price tag before buying anything, and understand the markets or work with a financial advisor.) Both index funds and etf's have advantages and disadvantages for investors. Investor's Business Daily has a … [Continue reading...]

Women and Investing: Are You Checking the Price Tag before Buying?

Women and Investing

Women and Investing....and Smart Shopping Did you know that the stock market fell a whopping 58% from the end of 2007 to March 2009? Since that 2009 bottom, the stock market (index for large company stocks) has risen 179%. (1) Last week a money coaching client told me that she had some money she wanted to put into the stock market so she could diversify her investments. She currently has a lot of real estate, and owns her own small business. Here's the thing: Diversification makes a lot of sense; but when buying anything, whether it's a house or a stock fund, check the valuation to … [Continue reading...]

Net Worth, Women and Homes

Net Worth and Home Values

Net Worth, Women and Homes... It's so great to see that real estate and financial professionals are addressing the female market after decades of being under served! The first sentence in the article below states that Trulia launched a marketing campaign aimed at women. I would dare to guess that women have a lot of input into purchasing a home....it's our nest in the world! As a real estate investor and home owner, I love both of these sites for research. They're a great resource to estimate the market value of your home, an important factor in net worth for most people. Just take … [Continue reading...]

Millionaire Financial Planning Tips

financial planning tips for millionaires

This article from Investor's Business Daily has some good financial planning tips geared toward millionaires. The one thing I would add is that tax smart additional income streams can be created by individuals who don't yet have enough funds for life, such as a part time consulting business based on skills and expertise. Creating new income streams is more important than ever, especially since a $1,000,000 retirement account will not sustain the income needed for the lifestyle desired by most millionaires after taxes and inflation are factored in. Additionally, consider longer lives, rising … [Continue reading...]