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Does Your Financial Advisor Have Your Back?

June 20, 2018 Leave a commentattain goals, CERTIFIED FINANCIAL PLANNER, Certified Money Coach, family and money, financial advisor, financial planning, Money TipsBy wealthcoach

5 Steps To Improve Your Credit Score

Applying for student loans? Worried about your credit score? Here are 5 steps you can take today to improve your credit score.

At this time of year, many parents start scratching their heads and turn to their keyboards to search for answers to their pressing financial questions. Parents, reeling from the sticker shock caused by their son or daughter’s college acceptance and award letter are trying to figure out how to pay for college. Students are asking questions about credit, many for the first time. Want to guess the financial question Google gets asked the most? It is “how do student loans work?” No wonder. According to a recent Marketwatch article, Americans are trying to figure out how to deal with $1.4 trillion in student loan debt. A study conducted by Liberty Bank for Savings found Google gets an average of 2.4 million searches per month from folks looking for the answer to this question.

Financial Literacy

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May 21, 2018 Leave a commentattain goals, College Planning, family and money, financial planning, Financial Tips for Millennials, how do student loans work, Lifestyle, Money Tips, pay for collegeBy wealthcoach

It’s May 1st! 3 Tips To Picking The Right College

3 Tips To Picking The Right College

To all you high school seniors with a stack of college acceptance letters – congratulations! Today is the big day – decision day! Here are 3 tips to picking the right college.

My First Choice Didn’t Accept Me

Trust that things happen for a reason. What made your first choice your first choice? Are all your friends going there? Is it a top-tier university? Is it the location? Sometimes the reason a college ranks first in your mind might not be the best reason. Remember, the purpose of picking the right college is to get an education and training that leads to a career path. Carefully review the other schools that said “welcome, we want YOU!” Which ones have a curriculum that has a close match to your career goals? Next, look at the demographics (location, size). Finally, the overall “vibe” you picked up when you toured the campus. Education is attained by a combination of effort and opportunity.

How Do I Pay For College

Ah, the money question! This is as good a time as any to sit down with the folks financially responsible for you and find out who is paying for what. You need to know if a college budget has been determined and how much of it will be borrowed, and how much is available in cash. Studies have shown most American families say they cannot afford the cost of college. According to a recent

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May 1, 2018 Leave a commentCollege Planning, family and money, Money Tips, pay for collegeBy wealthcoach

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.

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April 6, 2018 2 Commentsattain goals, family and money, financial planning, Financial Tips for Millennials, Sudden MoneyBy wealthcoach

New Year’s Resolutions – How Are You Doing?

How To Succeed With New Year’s Resolutions

New Year, New You – heard that before? Here’s 4 Steps To Help You Attain Your Goals

For some, the new year is a time of looking back on what you didn’t accomplish and hope this new year provides a fresh start and a new chance to make lifestyle improvements. If you are like most people, your commitment to your resolutions for 2018 started to wane by January 12, and by today, January 17, they are nothing but a memory. Here are a few important strategies to get back on track and make 2018 your best year ever.

3 Most popular New Year’s Resolution categories:

Fitness/Health Goals

Is this the year you said to yourself “I’m going to get in shape”? If you did, you are not alone. Getting in shape, losing weight, taking better care of yourself, quitting a bad habit like drinking or smoking are the most popular resolutions. This is why gyms run specials in January and do-it-yourself courses advertise like crazy. People join, have great intentions, and by February they are just a name on the membership’s roster. Or you buy or subscribe to the fitness program and 6 months later, it’s still in the box. If this sounds like you, read on.

Financial Goals

I’m going to stick to my budget, pay off debts, stop using credit cards, save more, invest more, increase my 401K contribution. Sound familiar? How’s it going so far? Getting your finances in shape is the second most popular resolution. January 1^st starts off with great intentions, but the days and weeks go on and nothing’s changed. Going online to change your contribution keeps slipping your mind. Reaching for the plastic is so much easier than cash. You keep meaning to transfer money to your savings account, but something stands in the way. Sound familiar? Read on.

Education/Inspiration Goals

Have you resolved to watch less TV, read more, take a course, finish your degree, improve your skills, learn a new language, or start a hobby? This is the 3^rd most popular category for resolving to improve your quality of life. So, looking over the last 16 days, have you done anything different? If not, read on.

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January 17, 2018 Leave a commentattain goals, CERTIFIED FINANCIAL PLANNER, financial planning, Lifestyle, Money Tips, new years resolutionsBy wealthcoach

Take The Money Archetype Quiz!

Take the Money Archetype Quiz to discover your relationship with money. Once we gather your answers, we will be back in touch to share your results.

Thank you for joining the Wealth Wisdom conversation! We are thrilled to have you as part of our community of heart-centered women that are ready to become empowered with smart money strategies!

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The Eight Money Types and the Money Type Quiz are excerpted from the book Money Magic by Deborah L. Price © Copyright 2001 All rights reserved. Used with Permission. All written content on this site is for information purposes only.

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Thank you for joining the Wealth Wisdom conversation! We are thrilled to have you as part of our community of heart-centered women that are ready to become empowered with smart money strategies!