Healthy Body – Healthy Finances

When it comes to being healthy we almost always think of exercising and our eating habits, usually it means cutting back on our calorie intake and eating healthier. I know I do anyway. At the beginning of a new year or as the summer is approaching I usually think maybe I need to lose a few pounds and get in shape for the beach days ahead.

Have you ever thought that a healthy lifestyle and healthy finances could be related? What possible effect could your financial situation have on your health? People are financially stressed, and financial stress can cause havoc in our lives. Often it leads to trouble sleeping, overeating, drinking too much or even an increase in smoking. It can also put a huge strain on our relationships.

Make it an Extraordinary Year

 

I don’t about you. But 2013 was an amazing year for me. I am so blessed.

I am really looking forward to the year ahead.I know it is going to be an extraordinary year!

No just like you. I have not ended every year on such a high note or even looked forward to every upcoming New Year in this way. I like you have had my share of bad years. I have faced some major challenges in my life. Some things that I thought I would never be able to overcome. But if you knew me, you would know that I am a fighter. I am tough. And I am a very determined person. I am a real go getter. You would know that I love my job. And due to circumstances in my own life I am very passionate about helping others.You would know that I am not afraid of much!

Financial Resolutions for the New Year.

As another year comes to an end it is always a time for reflection.

Reflecting back on 2013 the lessons learned, and things achieved.

It has been a good year a great year in fact.

But it is almost time to welcome 2014, new lessons to be learned and new goals to be achieved for the year that lies ahead of us.

New Year’s resolutions to be made!

Honestly I am not a big fan of New Year resolutions.

Why?

Well resolutions are not supposed to be a wish list; they are not to be taken lightly like a shopping list.

So sometimes it is easier to avoid making them than make them and not be able to keep them.

New Year’s resolutions are decisions we make about what we want to achieve in the year ahead and then we need to follow through with them until we have achieved them.

The 5 Top Financial Mistakes That Women Often Make!

Women are working now more than ever before.

Juggling life as a professional business women, wife and mother.

Women are living longer than their male counterparts and therefore need to be more financially savvy about how their money is going to last them throughout their lifetime.

Unfortunately however women are still not allowing themselves the valuable time that they need, to get themselves educated when it comes to their finances.

Now Is A Good Time to Talk Finances

It’s that time of year again!

Yes the holidays are here.

Where has the year gone!  I’m I the only one that feels that the year has flown by?

I have so much to be thankful for.

I hope you and your family do too.

I am thankful each and every single day, but the holidays are that special time of the year that I love to take the time with my family to reflect on just how much we really do have to be thankful for.

The Importance of Life Insurance Within Your Financial Plan?

 So you know you should have life insurance. Right?

Is it something that you should only have for emergencies?

You know for your family in the event that something was to happen to you.

What can life insurance possibly have to do with your financial plan?

Even if it did, which life insurance would be of benefit to you financially long term?

Where do you even begin with so many types of life insurance out there?

Will Having a Financial Plan Benefit You?

 Could it be more vital for women to have a Financial Plan than a man?

Even though statistics show that women are less likely to actually have one.

Often women fall into the trap of using the men in their lives as their Financial Plan.

But women need to have their own financial plan.

When we take in to consideration that women live longer, typically earn 25 percent less than men and spend more time out of the workforce than men.

This can only lead to us needing our own financial plan and no longer rely on anyone else for our plan.

Women and long term financial planning.

Typically women tend to keep putting this of and are waiting too long to start their long term financial planning.  But it is something that needs to be planned sooner rather than later.  It is important to set goals like when you want to retire, how much you will need as an income when you retire, how much you will need for your travel plans and how much you want for your families.  The sooner you have these goals to aim for the more likely you are going to achieve them on the timeline that you want.

Being Rich does not mean you don’t need a plan.

Often the misconception is that when people earn lots of money they do not need to have a financial plan.  This could not be further from the truth because making lots of money does not automatically make someone rich, it does not ultimately determine your wealth; it is how much of that money that you are investing that determines your wealth.  Often what happens is that people who do earn a lot of money never see themselves as having financial concerns so they never seek advice with creating a financial plan.  But failing to invest for your future may hinder you from having a comfortable retirement.

The danger of relying on one spouse to take care of the financial planning.

Being reliant on one spouse within a marriage to take care of the finances can be dangerous, as statistics show that unfortunately almost as many as 50 percent of marriages end in divorce.  Even with the best divorce attorney, helping you get alimony and child support it is a fact that the standard of living for women can significantly drop.

Widowhood is another danger of having one spouse dealing with the finances, the average age of widowhood is 56 years old, which usually leads to women being left unprepared.  Due to that unpreparedness as many as 80 percent of widows will then live in poverty even though their husband was far from poor when he died.

  

The important steps to a good Financial Plan.

 Often asking the right questions and getting educated is all it takes to secure a financial future for yourself.  Questions like do I have enough life insurance to pay off my debt if something were to happen to me does my life insurance have any type of long term care or disability insurance within it if I were to need it in the future?  Will I have enough income to last me the rest of my life if I could no longer rely on my spouse’s pension.

Asking yourself these questions and sitting down with a professional is the start to knowing how secure your future really is, giving you the peace of mind that you deserve.