A Community for the Influential & Professional Woman

Career

5 Tips for Savvy Single Women

Tuesday, 19 March 2013 11:22
If you are not single yet, plan to become single. And plan to live well. Statistically it will happen, and you must already be savvy in many important lifestyle areas.   Even if you are married, do NOT skip this article. Elaine and her adult daughter Jane came to our meeting with two large brown paper grocery bags, stuffed to the brim with statements and legal documents. Elaine’s husband, Ed, a business owner, had suddenly died the month before, and now Elaine wanted to know what she owned and if it was enough to provide for her, for the rest… Read more...
Do you want to make a huge difference for your future descendants and their descendants? If so, do this exercise: Write down a list of your descendants, including the young babies.  If you want to change your world, start at home with your loved ones! You have the power to take steps to stop their future dependence on Social Security. Now is the time to help your heirs earn money and start their Free Market Roths. Children could earn an income doing various jobs, such as household chores, shoveling the snow, cutting grass, and babysitting. Check with your tax preparer… Read more...

Corporate Social Responsibility

Tuesday, 26 February 2013 09:29
We are hearing more and more about large businesses and Corporate Social Responsibility. Many have heard about Corporate Social Responsibility, but do not know what CSR is or think it is only something large corporations could embrace. Small businesses like yours could practice CSR—but first, what is it? CSR has generally come to mean corporations with a social conscience. Popular examples that you may have heard of are more related to the lack of social conscience or responsibility; for example, garment companies using sweat shops in Asia or fur companies selling fur that came from cats and dogs out of Eastern Europe or… Read more...
I recently received a LinkedIn request from someone I worked with years ago. She'd lost her job, through position elimination, and wanted to reconnect to see if I might be able to offer some assistance. It had been several years (five or more) since we’d even worked together. We were connected on Facebook, but that only gets you so far in staying in touch with your professional network. The Point? So many people avoid finishing, updating, or keeping their LinkedIn profile current. It is similar to your online resume, and is a great place to connect with other like-minded professionals.… Read more...

KISS: Keep It Simple Sister!

Tuesday, 05 February 2013 09:03
Judy was a busy entrepreneur, focused on achieving success in her business and creating a large Free Market retirement plan so she could eventually retire and be financially independent. Her goal was to retire in fifteen years. Trouble was brewing, however ...    Judy was a workaholic who only thought about her business. She had plenty of income, but repeatedly neglected to pay her mortgage on time and “forgot” to make credit card payments, due to her tunnel vision regarding her business. Fortunately, her retirement investments were automatically invested electronically each month and on target. Judy needed more balance in her life. Crying, she called… Read more...

A Woman’s Nightmare: Fixed Income

Monday, 28 January 2013 14:45
Heather called our office. She and her husband wanted to move their portfolio to “three buckets” of fixed income, so they would no longer have any volatility in their portfolio. They would split up their money into three groups of bonds, each with different maturity dates and different interest rates.   Ladies, this is absolutely the wrong thing to do if you plan to live more than five years. Most women, statistically, will live seven years longer than their mothers lived and twelve years longer than their spouses—so you are the ones who will live out the fixed income nightmare scenario… Read more...

Market Timing is a Loser’s Game!

Tuesday, 22 January 2013 12:48
If someone tells you to change your investment portfolio because the market has changed, you definitely should NOT listen to that person!   Market timing is choosing to get in and out of the market, or allowing someone else to decide when to move your money between different asset classes or sectors, at their will. No one knows the future: They are guessing!   Ten-year studies by the Fact Set Research Systems (2003) have shown that being out of the market for just ten of the best market days (days the market goes up) during a ten-year period will reduce… Read more...
Eli and Hilda didn’t want to leave a mess for their children, but they just could not bring themselves to get their legal documents completed. They went to the estate planning attorney and got all their questions answered and documents drafted. Then they brought the documents home to read over and to sign. But as the weeks dragged on, they did not sign the documents. Eli believed that once the documents were signed, he would immediately die. It would be his final act, and he was not ready to die. Hilda was distressed because if Eli would not sign the… Read more...
Do you know what effect you want to have on the world? Do you know the true purpose for your life? Before you start investing, you need to know your values and beliefs in order to establish your goals. Then, your life decisions will be easier to make: Each decision needs to be consistent with your beliefs, so you will feel satisfaction and contentment.   If your goals are not consistent with your inner values, you will worry and experience remorse and conflict in your life.  If you have no goals, any road can take you to nowhere! First define your… Read more...
Do you know how much your co-workers make? How about your friends? Money isn’t always the easiest thing to discuss, and when you add in workplace dynamics, it only gets trickier. Assuming that your office doesn’t expressly forbid discussing pay, who exactly are you allowed to discuss it with? When is it completely off-limits? And how do these rules translate to discussing salary with friends?  Etiquette experts, recruiters, and HR professionals suggest when it’s appropriate to talk about your salary—and how to do it:  Why Is the Subject of Salary So Touchy?  “So much of who we are is based… Read more...