If you are new to investing, there is a decent chance that you have seen almost nothing but gains. So what do you do when you see your 401(K) take a big hit? Let’s start with some investment basics. An important concept in investing is understand your time horizon. A time horizon is how soon …
What to do (and not) when your investments take a dive Read More »
You have heard of the Envelope Budget, the Pay Yourself First Budget. But have you heard of the Oh $hit! Budget? I was talking to a friend today about her job. The company that she works for is not doing well. Every quarter the CFO shows up from the corporate office and whacks however many …
Women have more financial power than ever, and it continues to grow. What they don’t have is the confidence to use that money to better their lives and the lives of thier families. It is important that women develop the skills and competencies to be good money managers. When women have money to use, good things …
Women – Why Your Aren’t Investing and How to Start Read More »
Your health takes center stage at the start of a new year. Eating right, losing weight, and exercise are the top New Year’s Resolutions. Your financial health is an often overlooked factor contributing to poor health. What is financial wellness Financial wellness is feeling good about your financial health now and in the future. Paying your bills …
The Hidden Reason Your Fitness Resolutions Won’t Stick Read More »
Happy (almost) New Year, and what a year it has been! It is hard to believe that 2021 is coming to an end and that we have lived through 2 years of a global pandemic. 2022 promises to be equally as interesting. Let’s control the controlables and make sure our money is ready for the …
Around the age of 35, after being gainfully employed for over 10 years, I realized I started thinking about my money as people. I literally started calling my savings my “pennies”. Not only did I do that, but I started making decisions about them based on whether or not my actions would make them happy …
The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, PhD., and Sarah Stanley Fallow, PhD. is a follow-up to the groundbreaking book of almost the same name written by Dr. Stanley 20 years ago. It is a must-read for anyone interested in how the self-made become wealthy. The authors use data-based …
Baller Book Club – The Next Millionaire Next Door Read More »
How To Deal With Rising Costs Whether it is grocery shopping, eating out, buying a car or finding a Halloween costume, one thing is certain – stuff costs more. We have been really luck over the past 10+ years and we have not had to deal with the fact that our money can buy less …
Back in the day (like in the 90’s) if you wanted to buy some clothes, but you couldn’t pay for them now, you could put them on layaway. Layaway allowed you to put things on hold, pay for them over time. Once you had it paid off, you could take it home. Layaway was completely …
Buy Now, Pay Later. Why It (Probably) Is a Bad Idea Read More »
Becoming a Financial Coach has been eye-opening. As part of my research, I follow some other coaches on Instagram, and boy – are they into “Passive Income.” What is passive income, and is it possible to live off of it? First, let’s define a few terms. Passive income is income derived from assets that don’t …
