A PLACE TO LEARN THE BASICS OF FINANCIAL MANAGEMENT – BY WOMEN FOR WOMEN

Archive for the ‘Financial Education’ Category

Gender Lens Investing

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Have you heard about gender lens investing?  I must admit that it is something I am just learning about.  So, let’s learn together.

To me, the two words gender lens create a vision of looking through the lens and seeing  the world through  adjustments. The lens is a filter which symbolically contains all our personal prejudices and experiences along with those we have acquired as the result of the norms and rules of society.

I googled the term “gender lens “to see what the experts say.  Interestingly enough, there were not pages and pages of quick definitions, most were quite clinical.  So I am going with the one from Wikipedia which is simple and concisely states what the long detailed articles and papers take paragraphs to explain.  It says:

What is a Gender Lens?

Think of a gender lens as putting on spectacles. Out of one lens of the spectacles, you see the participation, needs and realities of women. Out of the other lens, you see the participation, needs and realities of men. Your sight or vision is the combination of what each eye sees.

Gender is about relationships between men and women. Gender equality is about equal valuing of women and men – of their similarities and their differences. We need equal, respectful partnerships between men and women to have happy, healthy families and communities in the same way that we need both eyes to see best.

You can read more by clicking here.

This gives us a foundation to beginning to understand the concept of a gender lens, now to see how that term applies in the investment world and what it means to women.  More next time.

Until then.

Debra Hadsall

http://www.ffptalk.com

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Financial Freedom Party for Women

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Today’s daunting task, calling the U.S. Patent and Trademark Office to figure out what the letter they sent me about the Financial Freedom Party logo actually means.  20 years as a government employee and 15 as a financial advisor, and even I can’t figure it out.  Much prefer meeting with women and sharing financial education than dealing with trademark issues, but being the owner of a “mark” is pretty awesome.  Now to fax off what they want….this time.  Changing how women learn about money is sometimes just a bunch of boring detail work, but so worth it!

Debra Hadsall

http://www.ffptalk.com

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3 Ways to Improve Your Financial Life

In my book, Financial Freedom Party for Women ®, A Little Book about Money for Women,  I teach the basics of financial management.  Most of us never learn basic concepts and then become frustrated when we aren’t reaching our goals, assuming we even set goals.

Life has become more complicated with each consumer expected to be an expert on all things financial.  In talking to women over the years, a common concern is about wanting to change and do better, but not knowing where to start.  Haven’t we all had (or still have) that conversation with ourselves?

It isn’t magic to create a new lifestyle, but it does take some introspection and then action.  A good place to start is with what I call 3 Ways to Improve Your Financial Life.  They are things we think about, but often haven’t written them down and then figured out which ones will benefit us the best.  So, you can start in the beginning by thinking about any or all which apply to you.

Spend Lessspendlesspic

Make Moremakemorepic

 Do Better with What You Have

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Simply write these titles on a piece of paper and make notes over the next couple of weeks about how you can focus on the one which will have the most impact on your life.  Start small, but start.  Talk it over with your spouse, partner, friends or anyone else you feel can give you positive feedback or be a support system.

Until next time.

Debra Hadsall

http://www.ffptalk.com

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To order my book, please click here

Military Members Find Help from Some Special Financial Advisors

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Today my on-line version of Financial Planning magazine showed up in my email in-box.

As a former broker and financial advisor, I used to read everything in he magazine.  Now I read mainly articles about women and money.  However, the one today is titled “Financial Planners Help Stem the Rate of Military Suicides”. Having spent my first career working for three of the military services and then the Department of Defense, and being aware through news stories that suicide rates in the military are rising, I was curious and clicked through to the article.

Personally, I understand that some financial advisors and planners can do more than just hand out wisdom and match clients up with products.  What they can do better than most anyone else is listen to a client and then use their brains like a search engine to scan all the considerable knowledge they have about the entire financial management process, not just the lucrative and more glamorous investing component.  With their talents, a lot of patience, and a willingness to take the lead in filling out paperwork with the client, they can help make things happen.  People in trouble are too exhausted to do it all by themselves.

The article is worth reading whether you are a military member, a health care professional, a financial services professional, clergy, or just a caring person.  I am excited to learn this story of how a few risk-taking financial professionals have stepped up to the challenge and changed people’s lives.  I’m hoping they have also started a movement to expand how financial professionals are allowed to give clients what they really need.

Please click here to read this story.

Until next time.

Debra Hadsall

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To order my book, please click here

http://www.financialfreedomparty.com

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LBJ, The Hill Country, Civil Rights, and My Full Circle Moment

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Having a full circle moment!

Local TV is pre-empted for President Obama and other dignitaries at the LBJ Presidential Library for the 50th year celebration of the passing of the Civil Rights Act. The Johnson ranch is just down the road from Fredericksburg where we live, although the library is in Austin.

As a child my family lived outside D.C. because my dad’s government job took us there. I am the oldest child and one day my dad took me to the Capitol to see how Congress worked. It was after JFK and LBJ had been elected.

The day we were there I noticed two things. First it seemed like a crazy disorganized place with people coming and going and not always paying attention. It certainly wasn’t like school, didn’t live up to my expectations, and I was wondering what my dad was thinking by taking me there.

The second was that my dad pointed out that Vice President Johnson was there that day, presiding as the President of the Senate. Now that was impressive and a memory I still treasure. I certainly didn’t know anything about LBJ or Texas.  On that day I  couldn’t even imagine that one day Vice President Johnson would become President Johnson, that there was even such a thing as civil rights, or that  I be  living in his beloved hill country and blogging and writing as part of a movement to share financial management basics to women to improve their lives.

Until next time!

 Debra Hadsall

http://www.financialfreedomparty.com

http://www.ffptalk.com

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To order my book, please click here.

Investing, a Fun Perspective

Legend

Nice thought and great way to teach us about money management in an engaging manner.  Thanks Legend Group!

Debra Hadsall

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To order my book, please click here.

A Refresher about Taking Money from Your Roth IRA

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The Roth Individual Retirement Account (IRA) became available in 1998.  It was named after its legislative sponsor,  William V. Roth Jr., a Republican senator from Delaware.  The Roth IRA was part of the Tax Relief Act of 1997.  Sometimes we let the words for investment terms roll off our tongues without really knowing what they mean.  This one is easy, it was named after someone who saw a need for an investment which had the potential of remaining tax-free during both the accumulation (adding to it) or distribution (taking money from it) phases.  Of course there are rules to make that happen.  As the saying goes, there is no free ride.

First, the money contributed to a Roth IRA is called after tax money, meaning the investor already paid taxes on it.  Second the money needs to conform to a few rules to avoid paying taxes.    I like the simple way an investment firm, Invesco, has explained it.  Please just click here to learn more.

Whether we like it or not, investors often start with the long-range plan of investing money and leaving it there until age 59 1/2 and later and then life catches up with them.  A recession hits, a job is lost, a major medical expense is incurred, a business fails, or some other major financial need comes along.   Sometimes the investor is looking over all of her or his investment accounts to figure out how to best manage a short-term situation by accessing retirement accounts.  Yes it could and has happened to investors, maybe even to you.

The information in the link is very useful as you work with your financial professional to sort things out.  It is best to make an informed decision and be aware of the consequences so you can plan on them.

Until Next Time

Debra Hadsall

Please remember, this is a short overview and questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been evaluated carefully and appropriately.

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To order my book, please click here.

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