Retirement Accounts: Shocking Truth Revealed!

Retirement Accounts: Shocking Truth Revealed

This sounds crazy but a lot of retirement account investors don’t know how much money they have in their retirement accounts. It’s even more common to not know how their retirement account is performing. I think I know why, and I'll share a shocking fact that may change this …. It’s funny that money is the only area where we let someone totally manage one of the very most important things in our lives but we don’t check to see if they’re doing a good job. And it sort of makes sense and here’s why… I get it; we’re all busy. And when the finances are going well and the … [Read more...]

If Your Investment Plan Includes Stocks You’ve Got To See This

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One of the most important elements of an investment plan is to have an awareness of market cycles. We all know that the cashmere coats are going on that last clearance rack as soon as we head into spring. You know, the fun rack with the multiple or red stickers. In the world of shopping, market pricing is tied to the seasons or trends. In the world of investing, market prices are usually tied to trends in the economy. Many investment courses don’t expand on market cycles due to the potential complexity of the topic, but I think that’s really holding back on one of the most basic … [Read more...]

Excuses from a Money Coach

Excuses from a Money Coach

As a business and money coach, I’ve realized that “reason” is usually a pretty good synonym for “excuse”. I’m certainly not excluding myself from this convenient but slippery word swap. For example, is not having enough time really the reason that I regularly run about five minutes late, or end up having to put on my makeup in the car? (Anyone else do that? It’s actually a pretty good time saving trick, but only if you expect several stop lights!) Is “not enough time” the reason I almost always leave my vanity messy when I dash out the door in a rush? “Not enough … [Read more...]

Are Your Money Habits Ever Shocking?

Are Your Money Habits Shocking?

Almost everyone has at least a few money habits that interfere with reaching financial goals. Interestingly, if we are truly honest with ourselves, we probably know exactly what those habits are. Once recognized, the next step is to change those undesirable habits so we can reach our financial goals and create the life we want. Many money habits are the simply result of childhood influences. Without even realizing it, we can be operating entirely from someone else’s money beliefs. Beliefs often stem from long ago relatives since they are passed down from one generation to the next, … [Read more...]

Is Your Money Getting Some Good Love?

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Are you loving your money? For some strange reason, the answer to this question conjures up feelings of guilt and shame for many people since it probably seems like you do love your money. But isn’t it wrong to love your money? What’s wrong is loving money itself beyond anything else, and sacrificing all of aspects of your life in the endless and obsessive pursuit of money. Money is a tool that can be used to do wonderful things. Money provides food and shelter for you and your family; it can help others in huge ways. As you know, the list of what money provides is endless, but … [Read more...]

4 Tips To Rekindle the Flame…Income Flame That Is

Recently I had the opportunity to visit Dogpatch Labs while in New York City. Dogpatch Labs is a creation of Polaris Venture Partners, a leading venture capital firm that provides an incredible free environment where startups can get support, and work alongside others. Think big; Polaris Venture Partners has provided $190 million in funding through Dogpatch Labs companies since 2009. The beautiful second floor old brick office loft was buzzing with energy and excitement, along with the smell of delicious food being prepared in the fully equipped kitchen to keep the business creators … [Read more...]

Happy, Guilty or Shameful about Your Money?

Feel Guilty or Happy about Your Money?

Last week at the Texas Conference for Woman I had the pleasure of hearing Dr. Brenè Brown speak for the second time after hearing her speak at my son’s son several years ago. Brenè’s success has catapulted since her Ted Talk went viral. Her years of research on the topic of women and their emotions, especially around guilt and shame, offer us insightful avenues for personal growth. Since guilt and shame are powerful obstacles that frequently block the path to financial freedom, I especially enjoyed a recent Austin Woman magazine’s article featuring Brenè. Below are some of my … [Read more...]

A Shocking Statistic about Finanical Advisor Relationships with Women Clients

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According to an Investment News article about women and money, a “study by The Boston Consulting Group found that women were more dissatisfied with the financial services industry than any other that affected their daily lives. Women were reported as being treated with disrespect and condescension, and given poor advice specifically because of their gender.” Wow! While this revelation does hint of “victimhood” a tiny bit, that’s still a pretty big statement about the relationship women have with their financial advisors! Why do I suggest victimhood? I do so because this situation … [Read more...]

One Minute Thursday Financial Course

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Enjoy our One Minute Thursday Financial Course to enhance your money savvy one simple step at a time. Make a list of all of your debt and rate it either sensible or stupid debt; then add the amount of interest that you are paying for each amount on the list so you can easily see which makes the most sense to pay off first. Don't forget to forgive yourself for the stupid debt if you have it and review what you learned from it.. Remember: What you focus on grows, so to grow money, give it your attention! … [Read more...]

Are Financial Fires Getting in Your Way?

When Was Your Last Financial Health Checkup?

Have you ever noticed situations where no one is stating the obvious? It’s a bit like the emperor without clothes; everyone knows what is happening, but no one wants to be the first to say it officially. Frequently, the obvious just gets lost in an array of related issues. With financial health, related issues may be health care, real estate values or the details of a retirement plan. The truth is that for my generation, many current investment plans are just not in sync with desired future lifestyle plans. For example, Rachel, a fifty year old with an investment account of $500,000 … [Read more...]