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

Moms are the best and I love it when they teach life skills in a fun way.  Check out how one mom is teaching children about money while making it a fun project.

Just click here to learn more.

 

Debra Hadsall

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To order my book, please click here.

http://www.ffptalk.com

http://www.financialfreedomparty.com

 

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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.

Legend

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

Debra Hadsall

financialFreedom_book

To order my book, please click here.

This is a posting from my author’s website at http://www.debrahadsall. I suppose some folks made fun of her combining women, beauty and a book club. Me, I totally get it, that’s why we created the Financial Freedom Party for Women. Yes, I have been seen as little to very weird by the financial services industry, but women love it. Please read this article. A nice story. Debra

Debra Hadsall

I love inspirational stories about women who stay close to their passions, survive, thrive and encourage others to learn and have fun along the way. 

This article from the magazine published by the Texas Co-Op Power, our local service provider.  If you are in a book club, you will see the concept taken to a new level.

Such a great story from an unexpected source.   Please click below to link to it.

Texas Co-op Power Magazine – Texas Stories: Bound & Determined – An Online Community for Members of Texas Electric Cooperatives.

Enjoy

Debra

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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

financialFreedom_book

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

http://www.ffptalk.com

Divorce

Valentine’s Day is tomorrow.  It is one of those marketing opportunities for businesses to encourage us to show our love and affection for the special person in our life by buying gifts, going out to dinner, or doing something celebratory.  It usually involves a couple.  I don’t think Valentine’s Day was designed for singles.  In fact, lots of folks find Valentine’s Day to be less than fun and charming.  Relationships evolve and change, marriage is not as popular as it once was, and for those who do marry,  the divorce rate remains high.

I wasn’t thinking much about Valentine’s Day when I read the article Divorcing Women, Five Signs You Might Need a New Attorney. Please click here.  The article reminds us about the importance of shifting from seeing a divorce purely from an emotional aspect to a practical one.  We need to be conscious and focused when working on the details of how things will work and be settled.

Thinking about how Valentine’s Day isn’t fun for many who are going through divorce and reading the article reminded me of a woman who called me asking for help.  I had a listing in the phone book under financial services and women.  This had an unexpected result.  I often received phone calls from women looking for social services (such as battered women’s shelters), wanting counseling about family matters, looking for help in starting businesses, and a variety of other topics.  This woman  was concerned about how her marriage was ending and she couldn’t understand why someone didn’t make her husband stay.  She and her husband had children.  He had business interests and had been quietly moving the assets with the intent of hiding them from her.  She didn’t work outside the home.  It seemed to her that there was someone else in his life, but she was only guessing.  When I explained to her that she needed to seek legal advice, she told me it wasn’t a problem, her husband had a lawyer and she could talk to him.  I explained that she needed a lawyer to represent her, someone whose interest was in protecting her, not in protecting her husband who seemed to be doing a good job of that already.  It was a heartbreaking conversation.  She wondered why nobody seemed to care about keeping families together and was there  someone who could help fix this.  I suggested seeking out counseling from clergy or a licensed therapist..  That option was rejected.  I took a deep breath and told her that she should talk to a lawyer because he or she would understand the situation without emotion and help her to negotiate as an equal in the situation.  Separating emotions from finances is always difficult, but really challenging when it involves the dissolution of a marriage, children, and denial.

It has been many years since that telephone conversation.  I am hoping  the caller found an attorney who could help her navigate the circumstances of the end of her marriage and move on to a happier time.  It would have been hard for her to see a better future on that day we talked, but I am hoping that tomorrow she will be having a wonderful Valentine’s Day celebration with someone special.

valentines

Until next time

Debra Hadsall

http://www.ffptalk.com

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

roth

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.

financialFreedom_bookhttp://www.ffptalk.com

To order my book, please click here.

womenmoneyblogpostoffice

I was attracted to a post in the Huffington Post which acknowledges that many Americans are not having their basic banking needs met by the existing services.  A few years back I probably wouldn’t have even noticed an article about the subject.  Yes, I have seen payday loan advertisements, been at the local super market where people cash paychecks, or even seen check cashing businesses in the strip mall.  However, they were just part of the background scenery. Everyone in my life knows her or his way around banks, mortgage companies, brokerages,  and all that the financial world offers.  Of course they offer it to us because it is profitable.

My perspective changed when I moved to a small town located on the coast of the Gulf of Mexico in Texas.  The people with money are visitors, business owners, and those who own resort properties.  The local workforce includes a high percentage of low-income people or those living at poverty level.  No longer was I living in the suburbs where having a checking account with a debit card is a fact of life for high school students.  I found myself standing in line at the post office with lots of people who were getting money orders to pay bills and send money to family members.  Sometimes it actually looked more like a bank than a place to send and receive mail.  That’s why this concept of basic and uncomplicated banking services at the post office seemed logical to me.

Over time I learned a lot about why the low-income people around me avoided traditional banking systems.  One reason is that often they were undocumented and want to remain invisible.  Even if the person does have legal status, often he or she was brought up in a family where the parents were undocumented.  The children simply emulate what the parents did and the cycle of using cash, money orders, and expensive loans is perpetuated. People living in poverty or on very low incomes see banks as scary places which they don’t trust.  Even those of us who are middle-income and above often have that same feeling.  Things have just gotten very complicated.

According to the article,  collectively those households which use alternative banking products spent about $89 billion in 2012 on interest and fees. That represents a huge cost for people with lower than average incomes.

Please click here to read the entire article.  The concept of tying simple and affordable banking services to the local post office is being done elsewhere successfully.  There is a very good chance that those people currently using alternative banking methods would be more trustful of a place they have visited throughout their lives, the post office, than they would be of banks which really don’t want them there anyway.  There are benefits to the U.S. Postal System too!

Until next time.

Debra Hadsall

financialFreedom_bookhttp://www.ffptalk.com

To order my book, please click here.

baby-steps

Not certain what baby steps have to do with the newly announced myRA plans?  In my opinion, lots!  We all have to start somewhere and grow from there!  So many people get so intimidated with the top, they don’t take the first small step.

As someone who was a financial advisor and registered representative working with both experienced and  first-time investors, I am excited about this interim step.   Very encouraging!  More next time about how I came to this conclusion.

Until then, I encourage you to click here to learn more!

Debra Hadsall

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http://www.ffptalk.com

To purchase my workbook, Financial Freedom Party for Women®, A Little Book about Money for Women, please click here.

John Moffitt walks away from NFL, 1 million

This is the title of an article which was posted in November 2013, about a Denver Broncos player.  I captured the link for later blog postings.  All this Super Bowl hype has me thinking later has now come.

My blogs are really targeted to women. Writing about a sport in which women can’t actively participate (as in being on the field as a player) isn’t at the top of my list.  I recognize that many women enjoy professional sports just as much as their spouses, children, families, and friends do. I will admit that even this year I have actually watched a lot of football because teams from my home town (the Kansas City area) and where I lived for most of my adult life (the Denver area) had great seasons.  Of course, in the end, Denver earned their way to the Super Bowl, so I am getting lots of Facebook communications from my Colorado friends.  Yes, I will be watching the Super Bowl this year, for the first time in a long time.

Thinking about the current elevated attention on football made me more conscious of the extraordinary amount of money which is involved in the sport, the enhanced concerns by the  football league about the potential long-term health problems for players, and the high value much of our society holds for professional athletes.  Clearly there is a lot of hero-worship going on in the business of professional football.  It isn’t routine for a player to simply walk away from the sport, and in this case, from a team which translated Super Bowl potential in November 2013 into a Super Bowl invitation in January 2014.

The story about John Moffitt (click here to read) is a profound and positive example of how a person’s values and goals can change and evolve.  This is one man’s story of recognizing those changes and making some unconventional decisions to live his life the way he feels is appropriate.  A professional football  player opting out to protect his health and align his career with his values is not the normal news story in professional sports.

It is wonderful to learn from the examples of others about grounding a life based on personal values and establishing, or re-establishing, goals to live in support of those values.

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When I watch the Broncos play and listen to the sportscasters introduce the players and their stats, I will be thinking about John Moffitt and wondering what new goals he has set for his life, and what stats he has decided are now most important to him.

Until next time.

Debra Hadsall

financialFreedom_book

http://www.ffptalk.com

To order my book please click here.

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