Category Archives: Friends

Empty Mansions– Living the Good Life?

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I just finished reading the book “Empty Mansions” by Bill Dedman and Paul Clark Newell, Junior.  The title says it is about “The Mysterious Life of Huguette Clark and the Spending of a Great American Fortune”.

Any book with the words fortune and spending just calls to my financial education mind.  It would seem that a book about wealth would be all about what we call “living the good life”.  I learned that the title refers to the empty properties Huguette continued to maintain even though she didn’t live in them.  Interesting.

This book is about a woman and her story which revolves around extreme wealth, business, family owned businesses, decision-making, relationships, trust and distrust, and how money can be both a blessing and a curse.

Personally, it took me a long time to learn to deal with money in an unemotional manner.  The main character, struggled with that for a really long time as she was born in 1906 and died in 2011. She dealt with a lot of emotions and they often guided her decisions.  For Huguette, these decisions usually involved  large sums of money. The world changed radically during her lifetime and she also outlived her close relatives.  Some of the change was more than Huguette wished to deal with, so she created a lifestyle which was strange and unconventional to most ordinary (and even wealthy) people.  Her needs for security and safety as a wealthy person played a big part in how she spent money.  As an elderly woman  it appeared that those who were caring for her may have taken advantage of  her financially, even though the medical professionals found her competent.

It is hard to imagine the majestic homes her father created with his wealth  and the mind-set of  Huguette who was born into such a lifestyle and never knew anything different.  Still, I was struck by the similarity between the decisions she had to make about  businesses, advisors, and income management, and those made by the rest of as we manage our personal finances or make lifestyle and financial decisions about the senior citizens our lives.

Was Huguette happy living what most would see as “the good life”?  It is hard to tell.  That is the mystery which remains in her interesting life story.

Until next time.

Debra J. Hadsall

DiminishedCapactity, What’s That?

Diminished capacity includes a variety of symptoms or conditions.  Often we relate them to aging, but it can be in people of all ages due to physical or mental health conditions.  Whatever the cause, when things change in a person’s life as a result of diminished capacity the lives of those around her or him change also.  Not all issues are simply medical ones, many have to do with how a family member or friend can assist.  To learn more, please just click here

Until next time.

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Debra Hadsall

Financial Freedom Party for Women, A Little Book about Money for Women, Workbook Edition is now available at amazon.com.  Just click here.

Reposting of FFP Mini-Newsletter, Shopping

shopping2It seems like a good time to share my FFP Mini-Newsletter which was one of the early posts about a very common subject, shopping.

Please click here and enjoy.  Share with your women friends, your daughters, granddaughters, nieces, sisters, and anyone else who likes to shop!

Debra J. Hadsall

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Financial Freedom Party for Women, A Little Book about Money for Women, Workbook Edition is now available on Amazon.com. Just click here.

Culture of Threes-#3

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This posting relates to what I refer to as our Culture of Threes. As explained in previous posts, when an idea or concept comes to me three times from totally different sources, I have learned to pay attention, process the information, and then act. 

The Culture of Threes happened to me recently concerning my Financial Freedom Party for Women.

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My Number 1 post was about the Financial Freedom Party for Women and how financial education for women meets party plans and the financial industry asks, “Like Tupperware parties?”  Please go back to my previous post for all the details.

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Number 2 was about a fictional character in a novel who encounters mystery with a backdrop of relationships, relationship selling, and Tupperware.  The book is The Husband’s Secret by Liane Moriarty.

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Number 3 appeared when I turned on the TV one morning.

I have never watched the CBS This Morning Show, just glanced at it while channel surfing.  I was about to switch channels and then saw Gayle King talking.  I decided to watch CBS since I hadn’t seen Gayle (a journalist and media personality in her own right, but best known as being Oprah’s best friend) in action for a while.  I always say that Oprah and Gayle made having “girlfriends” cool again.  Gayle intrigues me and I always appreciate her viewpoint.

Rick Goings, the CEO of Tupperware Brands, was being interviewed.  What a nice way to start the day with such a positive story.   This was a huge contrast to all the other reporting which centered around the challenges of the day such the government shutdown, health care reform, and the debt ceiling. 

Tupperware has been around my life over the years and I have products in my kitchen that I purchased a long time ago.  This is a pretty big deal since I come from that generation of professional women who thought parties to sell products were kind of unsophisticated and not for us.  The irony of this attitude is that later in life I became a distributor for several direct sales companies and also created a new business model for marketing traditional products such as investments and life insurance through my Financial Freedom Party for Women®  Had I not learned so much about the value of parties in business to the clients and the company, I would not have had the ability to modify the concept and transfer it to the financial services industry.

Embracing a party concept for my financial services business came out my observation that a whole bunch of women showed up at my neighbor’s home for a Pampered Chef party and then proceeded to buy “a lot”.  This all happened on short notice with only a couple of days planning by the hostess who simply invited her friends.  Yes, she had a lot of friends.  Even so, this was quite a change from what I and a small team of women brokers encountered when we planned ahead for financial seminars and found few women would show.  Obviously we (and the industry) were doing something wrong.  Things needed to change.

So that morning on CBS it was really refreshing to hear how Tupperware has re-branded the company and recognized that with 90% of their market outside the United States, they needed to change and adapt their product line.  Tupperware acknowledged that the U.S. market is all about bargain shopping and price.  With the advent of inexpensive plastic storage containers, U.S. customers were not as abundant.  This 65-year-old business re-invented itself and offers an entrepreneurial opportunity internationally and current has 2.8 million representatives, most of them women.  A nice story about success brought on by understanding the market and creating change.

At the core of the party plan process is not only products, but women who understand relationship selling.  In a busy world where we can buy products and services on-line, party plans understand the importance that we women place on having a little special attention and understanding what we are buying.

I have always admired how direct selling and network marketing businesses remember that the connection between the customer and the product is most effective when it is through some sort of relationship.  This concept transferred effectively for me when using the Financial Freedom Party for Women® to meet women, teach them financial basics, and sell them investment and insurance solutions.

For me, hearing this short segment on Tupperware and the women (and their families and friends) it serves, was a nice and positive way to start the day.  I was surprised and pleased to hear the statistic concerning women  in Indonesia who are making $100,000. You can hear more by clicking here.

Being a financial services professional who is advocating a party concept for teaching women about money management and seeing it as a marketing tool for the financial services industry is not easy. Many people in the industry are more entertained by the concept of the Freedom Party for Women® than they are impressed.  Watching the Tupperware story re-inspires me that what worked for me in my business and for my clients, can work for many more.

That completes my Culture of Threes story about the Freedom Party for Women®, women, money, products, success, business models, relationships, party plans and of course—Tupperware.  I am listening and paying attention!

If you wish to purchase copies of the Freedom Party for Women®, A Little Book about Money for Women, Workbook Edition at www.amazon.com. please Just click here.

Until Next Time.

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Debra Hadsall

www.financialfreedomparty.com

www.ffptalk.com

Culture of Threes – #2

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This posting relates to what I refer to as our Culture of Threes. As explained in previous posts, when an idea or concept comes to me three times from totally different sources, I have learned to pay attention, process the information, and then act. 

The Culture of Threes happened to me recently concerning my Financial Freedom Party for Women.

1

My Number 1 post was about the Financial Freedom Party for Women and how financial education for women meets party plans and the financial industry asks, “Like Tupperware parties?”  Please go back to my previous post for all the details.

2

This post is about Number 2.  It starts with a fictional character in a novel who encounters mystery with a backdrop of relationships, relationship selling, and Tupperware.  The book is The Husband’s Secret by Liane Moriarty.                        .

This is a nice mystery book and it was picked last month by one of our book club members as a reading selection.  I hadn’t heard of it before.  If I wasn’t in a book club, it is highly unlikely I would have read it.

I was reading the book quickly (it is fun and easy to read) and enjoying the story, the characters, and the setting (Australia).  My mind had shifted from business stuff, like my Financial Freedom Party for Women, to playtime.  I was so wrapped up in the husband’s secret part of the plot that it took me a while to understand that part of the story revolved around the career choice of one of the main characters.  Instead of being a traditional professional in a career we all understand, she was a successful sales representative and manager in a direct selling and network marketing company.  Yes, part of her story was about her relationships, relationship selling, product knowledge, business management, coaching, and income production as an independent representative of….Tupperware.  It wasn’t until I finished the book that I realized this is the first time I have read a novel where a character’s successful career and resulting income involved direct sales, network marketing, and party plans.  A nice experience and a good reminder that women, relationship selling, great products, and party plan selling are a nice fit.   This made me smile and re-enforced my commitment to legitimizing the use of my Financial Freedom Party for Women to an industry which is traditional and male dominated.   

More next time about my third(Number 3) recent encounter with the power of party plans with relationship selling as successful business model which is attractive to women consumers and businesses.

Debra Hadsall

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www.financialfreedomparty.com

www.ffptalk.com

Begin with the End in Mind-Rhonda’s Rules

Some of my postings under Begin with the End in Mind have been about life insurance and end of life documents. The focus has been on organizing  personal affairs to make it easier for those you leave behind.

I never thought that I would hear about the importance of these things while watching  Wendy Williams interview a guest on her show.  Wendy is a fun, engaging and intelligent talk show host, but the subject matter is not normally about finances and personal legal matters.  I listened intently as she interviewed  Star Jones about a movement  Star has started called Rhonda’s Rules, A Women’s Guide to Getting Her Affairs in Order.

I hope you will  click here and learn more about Rhonda and the important information we all need to consider to help those we leave behind. It is a compelling story and the information Star shares is really important.  Star tells us that only 40% of women in this country have wills.  Are you in this 40%?

Be confident and proactive, even if it is a little work to create and maintain your own personal “Affairs in Order” notebook.  Call your best friend, ask if she has her personal affairs in order.  Team up and hold each other accountable.  When you finish give yourselves a reward by going to the movies or lunch or  heading to your favorite spot for a glass.  It is work, but so worth it and so worth celebrating the feeling that you have done all you can.

Until next time.

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Debra Hadsall

www.financialfreedomparty.com

blog at www.ffptalk.com

Fun and Short Teachings on Stocks, Bonds, Mutual Funds +

womenmoneyblogOver the last six months I have been reading blogs, reviewing postings from the financial services industry, and really just looking around to understand what we, as women, are offered in terms of financial education.  For the past fifteen years the information I read has been targeted to financial advisory and broker professionals, since that is where I lived professionally. My information resources were probably more sophisticated than those of most of the women in this country.

What I have experienced recently is very nice; however, it seems to be about budgeting, how to save money on consumer purchases, little quotes about life insurance or wills, constant reminders that we don’t earn as much as men, and some new found interest in reaching out to women because we have become more powerful professionally and financially.  I’ve even written some blog postings along these lines, although I have had a long term interest in women and our finances.  Those  non investment topics are just easier to blast out in sound bites.

I have learned that many women are not in the habit of seeking out, and paying for, information about investing basics.  They have never experienced an easy to understand explanation of terms such as stocks, bonds, mutual funds, Individual Retirement Accounts, the power of compound interest, market capitalization, etc.  My experience is that most women are curious about these concepts and financial tools, but some  figure they are the only ones who don’t know about them.  To keep from being embarrassed, they just try to ignore the whole conversation.

So, I have extracted sixteen pages from my book, Financial Freedom Party for Women, A Little Book about Money for Women, Workbook Edition.  Ten of these pages concern investing, savings, and much more.  They represent the short and fun way I shared investing basics with women who attended Financial Freedom Parties for Women.  Most party goers said this part of the party was the most challenging to grasp, but  also the most significant. I even had a young woman tell me that she never understood stocks, bonds, and mutual funds until she heard me present this material.  As she explained, that was especially frustrating since she had once worked at a fund company.

So click here to link to the extract.  Please share it with those around you.  Take some time to print out the information and talk about it with your friends.  Learning about finances can be fun!

I am going to make this link available for free for a limited time period only.

Until next time.

financialFreedom_book

Debra J. Hadsall

www.financialfreedomparty.com

Frittata and Finances for Women?

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I remember sitting in the teeny kitchen that belonged to one of my friends who lives in Colorado.  Cooking is one of her passions.  She is also an experienced investor, learning early when she received a few shares of stock as a child.  I admire how she was investing before mutual funds gained popularity and made investing more common.  Her investment experiences over the years gave her confidence in her ability to invest and handle finances.  Still, she was struggling to see how to transfer that expertise and solicit investment clients.  We were both in the financial services industry.

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As I sat in her kitchen, she decided at the last-minute to make a frittata for breakfast.  She is one-with-the- world when she cooks.  It is just easy for her. We talked while she pulled the ingredients out of the fridge and casually walked outside to her small patio garden to cut some fresh herbs while not missing a word of our conversation.  The result was a really delicious frittata.  It was like a  Food  Network moment. She was calm, confident, creative, efficient, and making the frittata was something she just enjoyed!

I mentioned to her that I admired how she pulled all those ingredients together and it appeared so effortless.  She looked at me and explained that she wanted to have that same feeling and experience when working with her clients.  I could envision her calmly, confidently, skillfully, and joyfully interacting with her clients just as she had done when making that frittata.

I like that visualization.  Is there something you do especially well?  Maybe it is cooking, perhaps it is organizing an event, or something more technical like showing folks how to use a smart phone or tablet.  Now compare how comfortable you feel about doing that one special thing compared to how you feel about navigating your financial life, especially investing. If the feeling about finances doesn’t match those for your special talent, you can change that!

My friend became a good cook and comfortable with making frittatas through preparation, passion, and practice.  You can do the same with your understanding of finances and management of your financial life.  Money is not all about numbers, it also about  practice, experience, commitment (passion) and feelings.

Until next time.

Debra J. Hadsall

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www.financialfreedomparty.com

www.ffptalk.com

Becoming a Blogger

Yesterday I received a WordPress notice congratulating me on the third anniversary of  my WordPress blogging.  The congrats really go to my friend LKC who insisted I learn to blog and  pulled out her laptop and watched while I created a WordPress account.  This is probably the way a lot of us start,  with friends dragging us into it.  However, we were on a “girls” weekend retreat in the mountain town of Black Hawk in Colorado.  Leaving work, family, and the big city behind, we were  free to go where our minds and pocketbooks would take us.  Learning to blog was not really ever on the shopping list of things to do.

We were staying at the AmeriStar a lovely casino/hotel/spa which looks like it was dropped into a space on the side of a mountain.  It was spring and I was wearing my standard island attire  of shorts and flip-flops.  The weather was that nice, for a day.  At the end of the weekend we caught a major spring snow storm  on the way down the mountain and those flip-flops turned out to be a really bad decision.

LKC taught me how to create a blog.  I would sit in the room and work on what she taught me, she would go to the spa.  We would take a break and sit in the outdoor hot tub, then we would go back and work on the mechanics of WordPress.  Now it seems pretty simple, but  three years ago  I was barely a Facebook user, so it seemed tricky.  In between playing the slots, walks around town, a few visits to the bar, and some nice meals, I managed to learn enough to create my first blog.

Since then I have launched my www.ffptalk.com and helped others such as  www.fitfrog.org (a non-profit started by a friend) and www.hadsallassoc.com (for my husband).

LKC also loaned me the book Crush It by Gary Vaynerchuk.  Being a good and supportive friend, she hasn’t asked me to give it back, yet.  I am glad.  My personal goal is to reach 9.3 million women between the age of 16-64 with basic financial management information in my Financial Freedom Party for Women.  A big goal which only seems possible because of the power of the internet,social media, and the curiosity many women have about financial management.

I learned about www.scribd.com from Crush It and now have articles covering financial management and other topics published there.

For me it took only one weekend in the mountains, a patient friend, and an environment conductive to learning and I was hooked.

I encourage those of you with something to say and a talent for saying it to give it a try.

Until next time

Debra Hadsall

www.financialfreedomparty.com

www.ffptalk.com

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