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

Posts tagged ‘goals’

Beyond Football, One Man’s Values and Goals Change

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

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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.

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Debra J. Hadsall

http://www.financialfreedomparty.com

Goals and Couples

Yes, I am writing the article about the Dow Jones Industrial Average.  It is an important concept to understand (since we hear about it every day, often in hyped-up sound-bite reporting by the media).  Since I have stored my favorite WallStreet book called The Great Game, The Emergence of Wall Street as a World Power, 1653-2000, in the shed under tons of stuff, I ordered one from ABE Books.  Nice price and now I am becoming reacquainted with the history of country’s financial structure along with its ups and downs.  Boring to some, but not to me!!!
 
As a diversion from all that Wallstreet reading,  I am following a blog by Kimberley Borgens and wanted to share something from it with you.  She blogs at  www.marriageisacommitment.wordpress.com and reading it brought me back to goal setting and relationships.  Kimberley is a Facebook friend I met through my friend Gale.  Gale and Kimberley are both entrepreneurs and accountability coaches.  I love the way Kimberley has written about marriage and goal setting.  Below is the posting I made to her blog.   I hope you will find your way to read her postings.
 
I wrote:

The focus of my financial services life has been around women, their friends, and families, and their financial goals, dreams, and solutions.  Sometimes the woman was married or in a committed relationship.  Other women were single, having been divorced or widowed.  Some had never been married and always made independent decisions about money and money issues.  Honestly, the easiest clients to work with were women who were single, or those women who had an understanding within the relationship that they were the lead on financial matters, or had a husband who listened and freely collaborated unemotionally about goals and decisions.  I would give each a budget sheet and ask them to give their estimates of monthly expenditures.  Then we would compare them.  Couples with good communications and clear understanding of their money management agreements did this with ease.  Others often learned new things, or things they wished they hadn’t.  On occasion I could sense the relationship vaporizing right in front of me.  Having that goal conversation and then attaching the money part of reaching that goal for those requiring money (some goals are not money things at all).  Yes, communication and goal setting is so important.  I think we find the term goal to be a little clinical, so basically the question is, what do you want to accomplish, how do you want to accomplish it, and when!

 

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