super money woman positive relationship with money

For The Love Of Money – 5 Steps To A Stronger Relationship With Money

Why Cultivating A Positive Relationship With Money Is The Highest Form Of Self-Care

If money were your lover, how would you describe your relationship?  M. I. A., non-committal, or head over heels in love?  When I lead a “Let’s Talk Money for Women Only™” workshop, I open with this question.  The knee-jerk reaction for many attendees is a nervous giggle.  Relationship with money?  It’s an in-animate object, what are you talking about?

Results Leave Clues

If there is a gap between where you want your finances to be today and where they are, your relationship with money needs work.  Ask yourself these questions:

  1. Does your debt balance make you nervous, or cause you to lose sleep?
  2. Have you asked for a raise, or if self-employed, raised your rates?
  3. Do you spend money on others before buying what you want and/or need?
  4. Can you have a money conversation without stress?
  5. Have you had a relationship break down because of money disagreements?

If you answered “yes” to questions 1, 3, or 5, and “no” to questions 2 or 4 you will benefit by developing a better relationship with money.

Woman-millionaire

Want To Be A Millionaire? 3 Things You Need To Know If You Inherit A Windfall

3 Things You Need To Know If You Inherit A Windfall

Want To Be A Millionaire?  Of course, who doesn't, right?

Recently a young 30 something brought an interesting situation to my attention.  She learned she will be inheriting a significant amount of money, in the several million dollar range.  Her first reaction was “Whee!! I can travel the world!”  Fortunately, someone much wiser recommended having a conversation with me before she goes off the rails and takes all the money with her.

I was happy to see her asking questions before she received the inheritance.  Here are the top 3 tips I gave her about what to do once she becomes a millionaire.  I thought I would share them here in case you or someone you know is as fortunate.

1)  Establish a Trust to hold your assets.  Give serious thought to how you spend money.  Try to maintain the discipline of retaining your current lifestyle.  Consider your current budget.  If possible, work with a trustworthy investment professional that will construct a portfolio where you earn dividends that cover your lifestyle expenses.  This way, you won't be depleting principal.  The person that created the estate you inherited probably followed a similar conservative philosophy. 

Data

After the Equifax Data Breach – What You Need To Know To Protect Yourself

Are you concerned about the Equifax security breach?  Based on the questions I've received, many folks are worried their personal information was compromised.  Here are some action steps you can take to protect yourself.  I hope you find them useful.
Here's how to find out if you might be part of the breach
1)      Equifax is offering a website equifaxsecurity2017.com where you can check to see if your data was compromised. Currently, the site does not give you a definite “yes”, but seems to let you know if your data was not breached.