Category Archives: Seniors

Women Should Plan to Live to 100-Really??

100BirthdayCake_250I read any and all writings about women and money that come my way.  This one makes us think!  Just click here to learn more about the possibility of living to age 100 and how to plan for it.

Enjoy!

Debra Hadsall

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To order my book Financial Freedom Party for Women, A Little Book about Money for Women, Workbook Edition, please click here.

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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.

Myths about Long Term Care Insurance

When I was working full-time with clients in my financial services business (planning, analysis, insurance, and investments) I made an interesting discovery.  The most emotional and misunderstood products were life insurance and long-term care insurance.  It is just easier for some folks to deny that we may die at most inconvenient time, and that we may grow old and  not be able to care for ourselves.  I have heard all kinds of different viewpoints on the subjects!

I talk about the subject of both types of insurance  in my book, Financial Freedom Party for Women, A Little Book about Money for Women. 

Until you have a chance to order one, please take some time and educate—or re-educate yourself on a few myths and truths about long-term care and long-term care insurance.  Just click here.

Until next time.

 

Debra Hadsall

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My Monkey Mind – Change and the New Normal

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My monkey mind postings relate to Buddha’s description of the human mind as being filled with drunken monkeys, jumping around, screeching, chattering, and carrying on endlessly. These postings come from my monkey mind.
 

 It is interesting how we get into habits and then something changes such as a move to a new area.  Then we find ourselves learning new skills, experiencing a different lifestyle, meeting new people, and become more observant.

First, with our recent move from a small town on the Gulf of Mexico, to the hill country of Texas, I do not currently have daily access to Internet.  What used to be a simple phone call to the local cable or phone company to have service connected in a home in town just doesn’t work in the area where we live outside of town.  So I have become good friends with the Yellow Pages and my new hard-line telephone.  I can’t even research Internet providers on-line unless I go to town and where I use a connection in the library or McDonald’s.  However, at the library I discovered it has great Internet access and a generous check out limit of 25 books per person.  Apparently lots of folks home school children so the library accommodates their needs with this limit.  Nice and we all benefit.  My other Internet stop is the local McDonald’s.  I have seen that it is the hang-out for other Internet users and, more interestingly, the local elderly gentlemen who meet and have coffee in the morning or ice cream in the afternoon.  I have learned a lot about ranching, farming, trapping “coons”, trucks, farm equipment, families, friends, and Johnny Manziel (the Heisman Trophy winner who is from the city next door), during their conversations.   No, I am not eavesdropping; these southern gentlemen can be clearly heard by all.  They make me smile.  Like I said, a change in environment teaches us new skills and forces us to pay more attention to our surroundings.

I have learned to be grateful for the guy who climbed up on the metal roof of the house in 100+ temperatures to see if his company could provide Internet service. When he told me they couldn’t, I was so busy wondering what to do next that I didn’t even react when I realized he had mentioned the word “sweetheart” when delivering the bad news.  Not my favorite term.   I decided that any man who lives in south central Texas and climbs on a hot roof in the Texas sun may call me whatever he wishes.  Still, no Internet and on to the next option.  I think the end is in site, but only when I sit at this table and use the Internet will I declare success.

We put a hardline telephone into our new place since half the time our cell phone calls drop.  Not having had a hard-line phone for personal use in a home for a very long time I decided to get the basic package with local service only. Stacks of costs for phones make me crazy and my preference is to use cell phones only.  So I was proud of my cost conscious decision to save $50 a month and not have long distance, voicemail and all that other stuff.  I reasoned that I could just use a prepaid long distance card and buy a phone with an old-fashioned recorder.  Never mind that I used to make fun of my Mom’s use of the recorder rather than voicemail   It only took me a visit to Wal-Mart, the local grocery store, and a popular convenience store to find out my calling card knowledge was lost in the stone ages.  I could buy cards to call Mexico, cards to add minutes to almost any cellular phone plan, and cards for international calling (which were kept in an enclosed plastic case) but there weren’t any cards for prepaid long distance.  Not giving up, I journeyed from the store to the library where I went on-line and found that yes; I could buy calling card access.  I purchased 300 minutes and felt like I was redeemed.  My plan worked.  The other night my husband was going to make a long distance call from our new hardline phone.  I told him I would dial it for him because I knew how to make it happen.  He informed me he could dial a phone by himself.  In the end, I did it for him since I had been practicing with that old-fashioned calling card.  New habits, new people, new experiences.  While we will never be back to our old normal, we will be up to a better than ever normal.

Until Next Time

Debra Hadsall

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I’m on a short break from blogging for FFP Talk.  After a lot of encouragement from friends and my business coach, I am writing a short booklet about creating a concierge service for seniors.  With the aging of our population and the contemporary lifestyle of parents and children often living many miles apart, the need for some help for seniors is growing.  So my husband and I had a senior services business.  We didn’t have much of a roadmap to follow  and it seemed like we were pioneering and creating a new process. A concierge service is not about medical services, there are lots of those types of businesses.  The booklet will help others to see how to do it and adapt our approach to their local area and needs.  It will soon be available for purchase at www.scribd.com

Since I am on the topic of seniors, there is an interesting article about what happens to debt upon the death of a parent.  Please click here to read it.

Until next time.

Debra Hadsall

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www.financialfreedomparty.com

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