Friday Financial Woman Money Solution

Praying

Enjoy my Friday money solution and enhance your financial savvy one simple step at a time. Forgiveness has no downside, only upside, so it makes sense to forgive yourself for any past money mistakes, including ugly debt! Investing is simpler than you think! … [Read more...]

Have Money Wounds from Ugly Debt?

iStock_000017345823XSmall

One of the most common questions in my financial courses is what should be done about debt. With the insight that comes from being a boomer woman, I have learned that our biggest life lessons usually follow our most painful experiences. As a result of the 2008 economic crisis, using debt wisely is no doubt one of the biggest and most common financial lessons of our lifetime. Aside from the usual money strategies, such as paying down the highest interest rate debt first, emotional aspects of debt affect our money mindset. There are several steps that can help heal those money wounds caused … [Read more...]

Friday Financial Woman Money Solution

Beautiful girl

Enjoy my Friday money solution and enhance your financial savvy one simple step at a time. When you buy only what you truly love, you'll greatly reduce your spending while also increasing the richness of your life! Investing is simpler than you think! … [Read more...]

Can Style and Positive Cash Flow Go Hand in Hand?

Have Style AND Cash Flow!

As much as we want to grow our money, we all want to be surrounded with things we love, both in our homes, as well as in our closets. It may seem as though this principle could interfere with the important step of creating positive cash flow in order to save money. However, by shifting your mindset to one of “savvy smart spending”, you’ll gain the ability to live a life filled with those things you cherish, while also using your money wisely. Recently a panel of three very impressive IBM executives presented at the Texas State Applied Entrepreneurship program in which I am … [Read more...]

Friday Financial Woman Money Solution

Female Executive Drawing a Flow Diagram

Enjoy my Friday money solution and enhance your financial savvy one simple step at a time. Brainstorm ways to increase your income today so you can improve your cash flow.  Be sure to "lean test" any idea you have by using as little effort,  energy and expense as possible as you try out your idea. Investing is simpler than you think! … [Read more...]

7 Lessons from the Soup Peddler

7 Lessons from This Entrepreneur

One of my favorite areas to explore with clients is how to increase cash flow. The best solutions usually come in the form of increasing income rather than cutting expenses. Look around you at the people who changed their whole being when faced with a need to make more money, either because they had lost a job, or refused to continue to tolerate a job they disliked. In Austin, there is an entrepreneur named David Ansel, known as the Soup Peddler. A few years back, David refused to stay in a corporate job he didn’t like. He tried a couple of different ideas that didn’t work, including … [Read more...]

Friday Financial Woman Money Solution

MP900443263[1]

Enjoy my Friday money solution and enhance your financial savvy one simple step at a time. Stock charts may seem intimidating, but they offer a simple tool to help investors avoid buying high and selling low. Investing is simpler than you think! … [Read more...]

Does This Make Any Sense To You?

World profits

Financially empowered women take note: the stock market has been on a tear! Here are some very recent numbers from the three major stock indices: The S&P 500 index rose to 1400 for the first time in almost four years The NASDAQ closed at its highest level since December 2000!! The Dow Jones Industrial Average had its best close last week since December 2007 As always, I promise no unnecessary jargon, but every investor should be comfortable with the concept of indices. I know the S&P, NASDAQ and Dow Jones are familiar terms to regular readers of Financial Woman, since I’ve … [Read more...]

Friday Financial Woman Money Solution

Woman Balancing Her Checkbook

Enjoy my Friday money solution and enhance your financial savvy one simple step at a time. Think spending plan, not budget!  You have a certain amount of money each month, and you get to choose how to use it.  How empowering is that? Investing is simpler than you think! … [Read more...]

Cashmere Sweaters in July

MP900405396[1]

Have you ever noticed how cashmere sweaters cost the most when you don’t need them? The price for these luxurious wardrobe staples is the highest in the July catalog that arrives in the midst of sweltering 100 degree heat; anticipation drives the pricing. This is the perfect analogy for how the prices work in the financial markets. The markets move in trends that are related to the economy, but the timing is not the same. Investors anticipate the moves in the financial markets, and they buy or sell ahead of those moves. All investors know the pain of buying high and selling low; I … [Read more...]