Making Financial Change


financial changeToday is as good as any day for making financial changes, but maybe today’s not the day.  Are you truly ready to change?  What’s stopping you?

Instead of thinking about all the reasons why not, take the pressure out of the equation and, well, try.

When I took my Dale Carnegie class, each session involved standing in the front of the room and speaking for approximately three minutes.  The most compelling presentations had a beginning, middle, and end.  What I didn’t know was that this started in the first session.  I thought we would have a warm-up session, not jump right in.  I felt sick to my stomach and barely managed to get through.  Continue reading “Making Financial Change”

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Improve Your Financial Knowledge

financial control

When it comes to your financial knowledge, stop pretending that you don’t know what you’re doing.  There are more resources than ever.  If you’re a book lover, read a few on personal finance.  If you’re a net surfer, start Googling up on financial terms.


Answer the following questions and take a few minutes to research anything that you don’t know.  Don’t be afraid, we all have an area that we need to focus on.  These items are off the beaten path, and from what I’ve seen, points that cause confusion.  Some are Yes/No or True/False, while others are thought questions.


I’m all about sharing knowledge.  I learn something new every day and never stop reading.



True or False:  I have a progressive career plan that will increase my earnings within the next five years.


The last time I improved my work skills was ______________.


Related Post: Money Learning Checklist 1         Earning/Saving

Continue reading “Improve Your Financial Knowledge”

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2018: What To Start Doing And What To Stop Doing

2018 leap

I’m revved up for the new year.  I like to think about the books I’ll read, the new projects I’ll work on, and my new financial goals.


What I’ve accomplished during 2017 inspires me to keep it rolling.  I pulled off some difficult projects at work and earned a top evaluation rating and raise.  I finished an 18-credit certificate in Web Programming. I started this blog.  Learning WordPress on my own and customizing the blog page was a challenge, but the struggle stretched my skillset.  Blogging isn’t just about writing. It’s learning about social media, like Facebook, Pinterest, affiliate marketing, guest posting, and commenting on other blogs.  My professional development wasn’t ignored.  I conducted two financial planning workshops and presented at the IRS Practice and Procedures conference with the New York State Society of CPAs.

I could settle for contentment with my employer retirement accounts and IRAs and stay with my regular contribution levels in the same funds that I have.  Instead, I chose to probe into the concept of asset allocation and look at all of my holdings in entirety.  See my asset allocation post.  I read from different sources and put together a plan.

After opening a Health Savings Account (HSA) in 2016, I learned of a one-time traditional IRA conversion to fund the 2018 contribution.  See Related Post End of Year Money Moves and my guest post in My Strategic Dollar’s site.

I responded to questions in my financial planning workshops.  People are confused and I intend to provide clarity.  People have no financial direction and, frustrated, take no action.  People are buried under debt and think there’s no way out.  I propose to educate as many people as possible on the basics and promote not only financial literacy but the attitude that helps people help themselves.

What To Start Doing


Start a favorable course of actions.  Instead of repeating a negative cycle of staying in debt, not opening up an IRA account, pretending to not know what to do, etc., start a positive cycle of being mindful, saving, and not spending.  One sensible action leads to the next; consistency feeds consistency.

Save some money.  Set up your investment accounts now.  Pay down your debt and figure out how to cover your basic bills. Check your withholding early in the year while you still have time to do adjust it.  Contribute to your IRA in advance of the deadline, not within a week of the deadline when you have other financial obligations.

Find the silver lining in your situation.  If you haven’t started saving for retirement yet, know that you can.  Make a phone call, everyone can do that.  Don’t sit and complain that you don’t know what to do.  Trust me, banks and brokerage firms talk to people all the time that don’t know the basics.  They will guide you.  Ask them to help you set up an account and set up automatic deposits.  If you don’t set up automatic deposits, at least link your bank account electronically so that making deposits is easy.

What To Stop Doing

money management

Maybe it’s not what you do this year, but what you don’t do.  Here’s what I’m talking about.  My husband’s cell phone rang early on Saturday, December 30th, 2017, the last Saturday of the year.  It was a co-worker complaining that he was sent a letter from a law firm to decide on an IRA’s Required Minimum Distribution method before Monday, January 1, or be forced to take a distribution and be assessed a penalty.  He claims he was given two days’ notice.  My husband was listening on speaker and I started answering from the adjacent room.  His friend went on to blame the lawyer for the situation and when I suggested he print and scan the letter back to the lawyer, he sounded as if I asked him to solve the string theory of mathematics.

Complaints and excuses, a professional’s nightmare.  Clients that don’t listen.  Every action is a mountain-climbing feat or a life-or-death emergency. This guy was all of these things.

If you handle financial issues by waiting until the final Saturday of the year and then blame the bank, your accountant, lawyer, or H&R Block, stop.  Just stop.  Stop the blaming.  It’s no one else’s fault.

In the crisis above, when I prompted this guy, he admitted knowing about his mom’s IRA back in July.  He knew back then that he had to do something but chose to be an ostrich.

This behavior needs to stop.

I have known people all my life who wait until the very last minute to take care of their adult issues.  One of my friends would actually wait until the final day before cancellation of his car insurance to pay the premium.  Of course, getting up and going to the insurance office to drop off the check was a full-day project for him.  That’s not the way to be a successful, productive person.  Get ahead of your business.  Start using the calendar in your phone to set reminders in advance.

Stop blaming others for the job that you hate.  Take a class that will build on your skills.  Go to school at night for a higher paying career.  Make yourself marketable and find alternatives.

If you can’t find alternatives, I encourage you to Google the name Kyle Maynard.  Wait, I’ll make it easy for you, here’s his website:  I caught a clip of Kyle on Tim Ferriss’ talk show.  Kyle was born with no hands or feet, just four half-limbs.  He managed to get himself into the wrestling hall of fame.  Why?  Because he found alternatives.

If Kyle could find alternatives to become a successful wrestler, you can find alternatives to whatever the complaint of the day is.

Seeking Positive


I am constantly looking for inspiration.  You Are a Badass by Jen Sincero is my latest choice.  I finished You Are a Badass At Making Money.  In both, the author uses artful language to instill a sense of invincibility.  Now, I’m all for affirmations and thinking positively, and l’ve read all of Norman Vincent Peale’s books. I was looking for something more that daydreaming and the money version of Badass came through.  The basic Badass message is to embrace your innate talents and go for it.

In the money sequel, my takeaway message was not only to think about money (pretty much generic) but to go ahead with spending what you need to launch your venture.  If it means coaching, training, acquiring a skillset, do it.  Simply dreaming about a lucrative venture will not get you there, you have to do something and step on the path to wealth.


I like to use others’ experiences to raise my bar.  After seeing Kim Kardashian’s Instagram report on the stock she received from Kanye, it gives me impetus to reach a higher investment level.  My Disney account may not have 900 shares in it, but if I get to 300, or close to it, hey I did what I could.  I haven’t sold millions of albums or been on a magazine cover, but if I own one-third of what they have, I’d consider that pretty good.  Of course, I’d have to work on Netflix, Adidas, Apple, and Amazon.  Good thing I have a head start on all, except for Adidas.  It’s something to work toward, and the effort is all that matters.

Advancing Financial Knowledge


Mass-marketed financial books include those by Suze Orman, David Bach, and Dave Ramsey.  Those provide excellent roadmaps for the basics.  I’m looking for deeper analyses, like what I read in The Big Retirement Risk.  This pick was something that I impulsively pulled off the library shelf.  To my pleasant surprise, Erin Botsford explained a significant theory.  When you retire, you can own a copious amount of assets, but if you don’t generate enough income to pay your monthly electric bill, you won’t get by.  The book outlined her recommendations for meeting monthly income needs when a salary is no longer a given.

That’s how I plan on picking my next set of financial books, unknown authors with extensive career experience that educate past the fundamentals.

Getting back to my 2018 potential:  I will be adding to my HSA’s investment account, setting new savings goals, funding all my retirement accounts to the max, and furthering my investment research.


Make 2018 a propitious year. Stay open to new ideas. Take on some new habits, leave the old behind, and never stop looking for answers.

Related Posts:

4 Super Easy Ways to Start Investing – Today

Build a Credit History, Not a Credit Mystery

Money Learning Checklist 1         Earning/Saving

Money Learning Checklist 2         Spending

Money Learning Checklist 3         Credit

Money Learning Checklist 4         IRAs

Money Learning Checklist 5         Retirement

5 Things Small Business Owners Need To Know – Money Learning Checklist 6

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Financial Independence Hokey-Pokey


financial freedomI didn’t focus on being financially independent until about three years ago.  I had an idea what my net worth was, but wasn’t fully clear on the exact number.   The lack of a plan made it a nebulous target.


In my 20s at the start of my career, retirement seemed so far away.  I relied heavily on my accounting career to give me financial security.  After all, I chose the career knowing that I’d always have a job.  Consequently, every ounce of my energy went into working.  There were summers that I never saw the light of day. I never knew when I was getting home and I made many sacrifices.  Believe it or not, it was exciting and I enjoyed it.  I latched onto an upward trajectory of promotions and raises.  When I had full autonomy over my position, I liked being relied upon and the responsibilities that went with it.

Continue reading “Financial Independence Hokey-Pokey”

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5 Things Small Business Owners Need To Know – Money Learning Checklist 6



If you’re a small business owner, congratulations.  You’re your own boss and no one tells you what to do, create, or produce.  That’s the upside.  The downside is that you’re in charge of everything, and that means everything.  Sometimes you get what you ask for.

In addition to your main talent, you need to be talented at these other activities as well.

Take some time out to focus your attention on these very important elements.  Get help if you can’t handle it.


Keep good records

Get organized.  This is the key to any financial activity.  Maintaining good records for accounting and tax purposes is essential not only for tax purposes but also for banking purposes.  Being organized lends credibility to your activity.  Make sure you can identify the sources of your income, reasons for expenses, and documents related to purchases of business property.  Even if you’re not an accountant, you can keep separate folders for each type of expense.  Drop receipts right into the folder and organize them later.  That’s something that anyone can handle.

Prepare financial statements on a regular basis.  When you need to apply for a loan, the bank will ask for them.

self-employment Continue reading “5 Things Small Business Owners Need To Know – Money Learning Checklist 6”

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End of Year Money Moves

money management


Now’s the time to be anticipating money moves for next year.  To avoid losing valuable compounding time or growth, you want to be able to pull the trigger on January 1st.  Check into what your accounts and plans offer and ask questions in advance.

With year-end bonuses and raises coming up, certain accounts require tweaking.  For example, with each year’s payroll increase, my retirement plan contribution percentages can be adjusted.  I examine every payroll deduction and determine if I am gleaning the maximum benefit from each.  See below where I will fund my 2018 Health Savings Account contribution using an IRA transfer.  Because I won’t need a payroll deduction for that account, I can adjust my Flexible Spending Account contribution and reinstate my vision benefits.  I don’t pay for vision benefits each year, only the years that I plan on buying glasses.

In the financial planning workshop I conducted over the past three weeks, someone posed a question as to how to manage changes in the economy and the tax code.

Continue reading “End of Year Money Moves”

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Acknowledge Your Money Behavior

financial management

I’m trying to get to the root of money behaviors. This topic is becoming an annoying bug buzzing around the inside of my head.  Because I spend so much time reading and researching money issues, it’s outside of my faculties to conceive that others don’t make responsible money decisions.  I am constantly reading that more than 50% of pre-retirement workers have little or nothing saved for retirement, and I can’t wrap my mind around it.

Money scripts, just like any other psychological scripts, are clearly the driver, but it’s also about education, or the willingness to learn.  Most adults are struggling to manage their finances, and many concede that they don’t know the basics.  For young adults, there’s no formal education for personal finance, and high school graduates have no idea what to do regarding self-support.  College graduates are burdened with student loans without any idea how they’re going to manage the payments.  Many don’t know how to anticipate real-life expenses and get quickly overwhelmed.  They get blindsided by the multitude of costs, using credit cards to pay for necessities, and enter the danger zone of perpetual debt.

By not knowing the first step, or knowing how to manage all the pieces that make up a comprehensive, effective financial playbook, individuals retreat into ignorance.  That’s never good.  Those that choose not to address their financial issues too often find that eventually their money issues are running them, not the other way around.  Credit that’s not managed properly, spending money that one does not have, letting emotions control money decisions.  These are just a few.  Some money issues are so extreme that they upend a person’s life, leaving the individual with lifelong debt or substantial losses of savings.

Money Scripts

In conjunction with education, the money script of the individual deserves acknowledgement.  If you’ve read any of my previous material, I’m a huge fan of Dr. Brad Klontz, the psychologist responsible for coining the phrase.  All the education in the world will get thrown to the wind if the person possesses a destructive money script.  The money script will collide with the education, and will win in the end.  That’s because the money script is generated from subconscious beliefs.  The person may not even realize they’re displaying certain behaviors.  The human brain works that way, it’s part of survival.  We learn things that work for us and there’s always a payoff for doing what we do.

I intend to be a teacher of the elements that result in a sound financial setting.  Once the elements are part of everyday awareness, it becomes easier to process the combination working together.  Starting out may not be easy, but a strong goal with small rewards along the way will result in an increase in quality of life and overall contentment.  By chipping away at understanding one aspect at a time, it all comes together.  The sum is truly greater than the parts and financial harmony can materialize.

Continue reading “Acknowledge Your Money Behavior”

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Financial Planning Workshop Is A Success

financial planning

I’m conducting a personal financial planning workshop at a local bookstore.  In three sessions, I plan to provide an overview of the following aspects of financial planning: saving, spending, investing, retirement, and insurance.

The first session, this past Thursday, was a success.  A small group showed up representing all age groups.  I started with my usual introduction, explaining how each person’s mentality towards money drives their money habits.  With the following visual, I outlined the topics that, when combined, result in balanced financial management.

financial planning

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