Wednesday, September 5, 2012

37) The End of Summer




 U


nofficially, summer has ended.  We’re done with the beach and lifeguards; kids are off to school, and we begin to turn our attentions to the Autumn and the 'school year’.


          We begin to buckle down with our careers, and businesses, maybe think about a mid-winter vacation, and changing our wardrobes in the closets.

            The weather and seasons will change, and with the cool, we may become more productive, and look further ahead.  The Dog Days of Summer (actually named for the August constellations), wane.

            Hopefully, the transition is smooth, healthy, and balanced.

            New adventures await.  We look forward; we look up.

We will experience a passionate Presidential election, we will continue to be inspired, for a while, by the ever-amazing Olympics.

We plan our future (and God laughs?), and, hopefully, we budget time, money, and flexibility for them.

            The March of time goes on - at least until Friday, 12/21/12, when the world ends with the Mayan Calendar...  Be prepared, winter, and Christmas could be cancelled, or continue indefinitely!  You may not wish to shop, or take retirement distributions until Monday, December 24th!

            Is your financial plan complete and flexible?  Have you planned a winter vacation & holiday shopping, and your estate?


Wednesday, August 29, 2012

36) Let’s Chat





N
Y1 is NYC Time Warner Cable's 24-hour news channel 1.  In a recent debate between five Manhattan candidates for Congress, including the 42-year incumbent, Charles Rangel, the female candidate asked a question of another candidate about women.  It brought up the fact that women are still paid $0.75 for every $1 earned by a man.

          It's 2012?!

          What is this?!  Why?!

          Consider the following:
    • Women now make up:
      • 51% of the population
      • 2/3 of the workforce
      • 60% of college students
      • Growing ranks of legal, medical & accounting professions, and then some
    • Women control $14 trillion of personal wealth 
    • Women are more interested in achieving goals, than becoming rich 
    • 77% feel more knowledgeable than five years ago 
    • 72% maintain a private checking account inaccessible by the man in her life 
    • Women are not credited with managing household investments, and bill-paying 
    • 26% become interested in investing due to a life event such as childbirth, divorce, or death of a spouse 
    • 28% support an adult child 
    •  27% financially support parents 
    • 81% think that they’ll live to be 80 or more 
    • 37% think they’ll spend part of their retirement in a nursing home 
    • 54% of married women consider health a financial risk 
    • 36% consider death of a spouse to be a major risk 
    • 38% employ a financial advisor (54% for affluent women) 
    • Women are eager to find an adviser but are unhappy with the services, and products offered 
    • 50%+ feel patronized by financial advisors, especially as compared to male clients 
    • Women want a variety of services from their adviser 
    • Women are loyal, and make referrals     
                Who’s addressing your needs?!


Monday, August 13, 2012

35) Olympic Fever



I
 love the Olympics.  I was turned on to them in 1964, and haven't stopped watching them since.  When I graduated high school, four of us cycled to Montreal where we attended the Games and saw the likes of Bruce Jenner; that was when Nadia Comăneci scored the first perfect 10.  I ran into Cathy Rigby in the street.

            The XXX Olympiad is remarkable.  There seem to be more teams, countries and coverage than ever before.  Women seem to be in sports like shot put, javelin, weight lifting, boxing, and Water Polo, where I only remembered men.  Many have returned for their fourth or fifth Olympics.  For the first time, on the US team, there are more women than men. And, as of Wednesday, 23 of the USA's 34 Gold Medals were earned by women.

            I'm blown away by the number of female Olympians who have children, including twins, and are back, winning medals.  Talking about balancing your life!

             The US's first gold of the games was from a five-time Olympian woman marksman (only 36 years old).  Swimming, including marathon, gymnastics, and beach volleyball brought more.  Thursday saw the American women win gold in Soccer and Water Polo.  Friday will probably see them take gold in basketball, and on Saturday, maybe volleyball.

            We're still a great country, and maybe, finally starting to mature.

            At least one of the US women's swimmers trains with men, and it shows in her successes.  Is it only a matter of time before women and men begin to compete with each other?

            Is your life balanced?  What are your goals, woman?

            www.WomenAndMoney.com



Friday, June 8, 2012

34) Surrogates and Avatars



R
eplacements and representations.  Who's really on the inside?

Can you make a list of your values?  Have you thought about morality?  Honor?  Integrity?  Loyalty?  Commitment?  Heroism?  Courtesy?  Friendliness?

            Have you experienced really, really low lows, where you came to the fork in the road that separated suicide from salvation?  Have you bravely made a conscious choice to live?

            Have you ever experienced highs so high that you scared yourself, and when you regained your wits, you surrendered to, and celebrated it?  Was it actually everything you thought it could be - the best experience or time of your life?

            Spirit is the third side of the Body-Mind, Spirit triangle.  Some believe it is eternal, or segues to the next part of your existence.  It can be the most important, if not magical part of your life.

            Everything else is left behind; you can't take it with you, unless it's a part of your deeper core values.  Maybe taking it with you is what causes karma.

            Visit with a full-fledged Financial Planner, and discover, or rediscover yourself!  Organizing your physical and mental life frees you to explore your spiritual and emotional lives.

            Isn't that more valuable?  Isn't that a better definition of wealth management?

         

Friday, June 1, 2012

33) Navigating the Current



I
'm a retired Aquatics Director; a 30 year veteran of a wide range of aquatic specialties, and non-aquatic cross training in the YMCA System.  The Y had everything; it was a microcosm of the world.

            Every spring that I could, I went off to NE Region YMCA Aquatic School at Springfield College in Massachusetts.  They're affiliated with the YMCAs (the Mind, Body, Spirit triangle is imbedded in their sidewalks).  They have the Art Linkletter natatorium with a 20-foot diving well including an underwater window.  There are movable bulkheads to change the length of the pool.

            The 10-meter platform was removed years ago for safety reasons, but we had used it to have blindfolded Special Populations Instructor Specialist candidates jump off, in order to create a feeling of empathy.

            Compared to most NYC pools, it was amazingly big and diverse.  There was even a rumor that their filtration system used bromine, rather than chlorine.  This would have been a rarity, but have accounted for the blue hew, rather than green with the smell of chloramines.

            We'd work hard and play hard for the better part of a week, and return home certified, exhausted, and ecstatic.

            I would probably be there right now since it's held in early June.

            But I digress.

            What I am telling you is that you should never swim alone, and you can't swim against the current.

            If you are trapped in a current or a rip tide, you swim across it, or with it.  You don't want to panic; you must keep your wits, and be mindful of slowing heading for shore.

            When you're steering a canoe or an upside-down kayak, in rapids, or hit a hurricane while onboard an ocean-going vessel, you don't throw the ship away.  The same with a life plan, a career plan, a financial plan or an investment plan.

You stick with the ship, and decide how, or if, to alter your plan.  You can’t control the water or the weather.  The storm will pass.

            The going gets rough, but you have a vessel, a destination, a chart & map, and a will to survive.

            You must be committed, and patient to ride out the storm, but it will pass.  At times, you may feel sick, tired, cold, and wet; but you must remain diligent and flexible, and on guard, trusting yourself and/or your captain.

            If you like the sea, but don't want to be the captain, you can hire one, leaving the day-to-operations to professionals; if you swim, you can go with a ‘buddy’ or swim where there’s a lifeguard.

            Since there are no guarantees in life (albeit Ben Franklin quipped, "except death and taxes"), it helps to learn what it is about yourself that you can always count on (e.g. knowing how to react in an emergency, body alarms).  It’s also helpful to make certain important, foreseeable decisions in advance (e.g. if a deer walks onto the highway, I am not going to severely swerve to avoid hitting it since I may run into a tree).

            I recommend you consciously learn & state these things.  Then forget about them, and know that they are a part of you, you can count on forever.  This way, you won't have to think about them anymore; instead, you can devote your time to new work, endeavors, inquiries, studies, and skills, and unburden your brain.

            You can live/survive/thrive better, especially when faced with potential threats.

            If you can identify threats, you can also practice preparedness, and devise responses.  This an Emergency Plan, and it’s a strength plan.

            This is part of a larger SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats).

            SWOT analyses work in almost all situations, and are a logical way to prioritize, and strategically plan.

            If you have a life plan, a career plan, a financial plan, an investment plan, a college plan, a parent's long-term care plan, or an estate plan, you know that you've set goals, maybe outlined or identified time-lines, and that you need to monitor and manage the plan.  Simple systems help; KISS (Keep it Super Simple - a more positive interpretation of the acronym).

            If you don't have goals and plans, you're either happy with your life/luck/karma/attitude/etc., or you may wish to consider setting some, either to help attain goals, or at least, feel better for having tried.

            You may not be able to swim against the current, and you may feel like a cork on a fast-flowing river, just bouncing around out of control, but you can learn to guide a raft down rapids, avoid big rocks & waterfalls, and steer to a bank (no pun intended).  These aren't just financial skills, they're life skills

            Do you swim?