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Four Money Issues Couples Should Agree On

Money issues to agree on

SSpouses often harbor different opinions on a variety of subjects. From the style of clothes and haircuts they like on each other to the TV shows they watch every evening, marriage requires plenty of compromise. While frivolous things such as choosing between Monday Night Football and Dancing with the Stars might conjure up a minor squabble, when it comes to arguments over money, respective differences can lead to more than just mild disagreements. “Income and spending are at the heart of any partnership – family as well as business,” says Al Jacobs, an entrepreneur, real estate investor and author of the book Roadway to Prosperity (www.roadwaytoprosperity.com). “Just as business partners need to be on the same page when it comes to spending company money, spouses need to come together to avoid creating a crisis situation that could ruin a marriage.” Jacobs says there are four basic issues that would put families in better financial shape if both spouses could be in accord on them: • Life insurance. Every family provider should arrange financially for his or her survivors in the event of an untimely death. A common way to accomplish this is with life insurance. This is where controversy arises. …

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Six Ways To Reduce Stress And Anxiety In Your Financial Life

Personal Finances

Trading in your morning coffee run to Starbucks for the pot of coffee in the office is never fun, but when finances get tight that drive-thru stop might be one of the first things to go. But do you really need to give up the little things in life that make you happy? Al Zdenek, the author of the book Master Your Cash Flow: The Key To Grow And Retain Wealth, doesn’t think so. “It’s important to be able to hang onto those things you enjoy,” says Zdenek, the president, CEO and founder of Traust Sollus Wealth Management. “You should be able to, just as long as you continue to make smart decisions on bigger issues that affect your future wealth.” There is a lot of financial stress and anxiety in the country. Zdenek says if you can eliminate financial stress from your life, your anxiety levels will go down. Here are some of the things he recommends to accomplish that: Know what you need. The unknown is the biggest stress driver. There is a cash flow per month that would allow you to live the way you want now and in the future. This is something you should know. …

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Are Women Prepared For Life Alone As They Age?

Aging Woman

By Brittany Thomas The trends are clear – as women age the odds are they will be living alone, largely because of either divorce or widowhood. What may be less clear for many of them is whether they are prepared for that life alone – both emotionally and financially, says Susan L. Hickey, a financial professional at Your Own Retirement LLC. “Although both men and women could live three or four decades in retirement, it’s more likely for women because they have longer life expectancies,” Hickey says. “But they also often have less in savings, and smaller or no pensions, so their longevity can work for them and against them.” Almost half (46 percent) of women who are 75 or older live alone, according to the U.S. Department of Health and Human Services’ Administration for Community Living. But women, many of whom are heads of households, don’t always do a good job of planning for their retirements because they spend so much of their time thinking about the needs of others – their children, their spouses, their aging parents, Hickey says. “They need to realize that their happiness and security in their later years can hinge on so many things, …

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Four Faces of Leadership and Being Visionary

Visionary Women

Behavioral Strategist Explains How Any Leader Can Responsibly Boost Their Visionary Side By Brittany Thomas WWhether it’s a presidential candidate, a corporate executive or an NFL coach, people admire a leader with vision. They like someone with a clear idea of where he or she is headed, and who knows how to motivate others to accomplish the goal. But as much as people might like to say someone is a “born visionary,” in truth, vision is something we develop, not something we arrive in the world with, says Rob-Jan de Jong, a behavioral strategist and author of “Anticipate: The Art of Leading By Looking Ahead” (www.robjandejong.com). “One thing that visionaries have in common is that they have an ability to notice things early,” de Jong says. “They recognize some sort of significant change is happening and they make use of the opportunities it presents.” Just identifying that a major change is afoot isn’t enough, though, he says. The visionary needs to connect the dots into a coherent picture that takes into account future developments. “That’s easier said than done, but it’s an ability leaders can develop if they are willing to work on it,” de Jong says. Growing a leader’s …

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All Are Green and Most Are Bought (Politicians, that is)

Nancy Pelosi

16 Year Old Develops “App” that Tracks Politicians’ Financiers Look, we know politicians are corrupt but ever wonder exactly how much they stand to lose by not supporting their donors issues? From lobbyists to big corporations, politicians receive money from several different and often surprising sources, which in the end determines which issues they focus on, and which stances they end up taking. Healthcare, energy sources, funding for school and transportation, and tax laws are all in the hands of those who have the most money; the question is – who. That question is being answered and now we can see exactly how much money is flowing to individual politicians from each industry with a new app for desktops and laptops developed by now 17 year old, Nick Rubin. The name of the app is Greenhouse and was created by combining three symbolic ideas: the color of money, the two houses of Congress, and the transparency of a greenhouse and it is technically a browser extension. The mission behind the free browser extension (for Chrome, Safari, and Firefox) is to expose the role money plays in Congress and highlight key election races. It displays on any web page detailed campaign contribution data for …

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Three Ways A Woman Can Better Manage Her Money

Manage Money

By Erica L. McCain, LUTCF When it comes to buying power, women are steadily overcoming men. Throughout the next decade, women will control two-thirds of consumer wealth in the United States and will be the beneficiaries of the largest transference of wealth in our country’s history, according to Fleishman-Hillard Inc. The stats on a woman’s earning and buying power are pretty extensive; females are doing better in school than men, we’re earning more money than ever before and the business world has known about this trend for years, says Erica L. McCain, a veteran financial expert, LUTCF and founder of McCain & Associates. As women, we’re inundated by advertisements. The first thing many of us do in the morning is check our e-mail and social media. Before a wake-up shower we may be hit with appeals from Macy’s, Bath and Body Works, Groupon and assorted retailers to ‘click for 50 percent off. Of course, these aren’t “deals” so much as advertising campaigns, she says. In fact, there are plenty of women who spend good money on things – whether on themselves or their children – that are relatively frivolous, “I know because I was one of them,” says McCain, author …

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The 12 Week Year, Does 12 Trump 52?

Why We’d Get a LOT More Done If We Switched to a 12 Week Year Most of us view the 365 day year as a natural execution cycle. There’s a fatal flaw in annualized thinking and here is six reasons why we’d be more motivated and productive if we redefined our year to just 12 weeks. Think back to the last significant goal you set for yourself, personal or professional. How long did you give yourself to reach it? Chances are you said something like this: “I’m going to lose 30 pounds this year,” or “I’m going to increase my sales by 15 percent this year,” or “Our company is going to open five more branch locations this year.” We love to use the 365 day year as a natural execution cycle because it’s comfortable. It gives us 12 long months to make things happen, which makes us feel like we have plenty of time to accomplish our goals. And that’s the problem, says Brian P. Moran: 12 months is too much time—12 weeks is far better. “When you believe you have 12 months to complete a task, it’s all too easy to waste one, or two, or three, or more …

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Facebook Or Face Time?

Why Business Relationships Take More Than Texting, Friending, and Online “Connecting” through Social Media Like Facebook. Technology has yielded some great communication tools, but Barefoot Wines founder Michael Houlihan says they are not relationship builders. Here, he shares seven reasons why the personal touch will always be more effective than pixels on a screen. It’s official: Email, texting, and social media are no longer just helpful supplemental business tools. They’ve taken over the whole game. Yes, technology has made many aspects of modern living more convenient and “connected,” but the pendulum has swung too far. Now, people are reluctant to do something as simple as picking up the phone, preferring to shoot off an email instead. And face-to-face meetings—well, they’re almost unheard of. This “technology takeover” is not without consequence, says Michael Houlihan. Misunderstandings abound. Relationships stagnate. Trust is at an all-time low. And all of these issues are at least partially due to the fact that genuine human connections have been replaced by mouse-clicks and keystrokes. If you make the time necessary for personal meetings—if not in person, then via Skype or, at the very least, on the phone—Houlihan says others will not only remember you, but they will appreciate the effort you put forth. SEVEN SPECIFIC ADVANTAGES OF REAL-TIME, IN-PERSON, FACE-TO-FACE RELATIONSHIP BUILDING: The time investment shows you really care. It’s a fairly universal truth that human beings want to be valued and appreciated. Spending time with someone else, whether that’s in person, face-to-face on a computer screen, or, if all else fails, …

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