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Why Women Make Great Investors

Investment Strategies Inc.

Women really do make great investors.  Why?  Because investing is about more than just math and numbers.

Women are becoming more and more deeply invested in their own financial success for many reasons:  Careers are being pursued and marriage is being delayed, divorce rates are higher than ever, single-moms and women who are the sole or main breadwinner in the family are increasing, cost of living is rising steadily, job security is virtually non-existent…the list goes on.  There are no guarantees in life and situations can change drastically in the blink of an eye.  Independence and self-sufficiency are more than just words; they are a gateway to freedom.  Women are no longer content or willing to be dependent on others for their quality of life.  

A lot of the Myths about Money & Women floating around out there are simply false.  Statistics show that women are blowing the stereotypes…

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Women & Business: Too Nice to be Successful or Too Successful to be Nice?

Investment Strategies Inc.

I’ve read and heard a lot about women and success lately, most recently in the form of a TED video by Sheryl Sandberg, COO of Facebook.  She talks about the lack of women in business leadership, and suggests that women could be making better headway in the corporate arena if they change some key behaviors and make a concerted effort to get in the game.  I agree, but think it might go even deeper than that.

The statistics are staggering and still pretty pathetic when it comes to the number of women in power and leadership roles, in executive and corporate positions, salary discrepancies and the like.  It’s easy to blame the ‘glass ceiling’ and the ‘old boys club’ but when it comes right down to it, it’s possible that we women might just be resisting our own corporate success.

Women should be shattering that ceiling and crashing those clubs…

View original post 1,008 more words

Role Models Don’t Tell – They Do

Role Models come in many different shapes, sizes and forms and are so significant in our lives that they often have a profound and lasting impact, sometimes without even knowing it.

I am so fortunate and grateful to have a wonderful Dad in my life to look up to and love.  He may not always put into words all the things that he’s thinking or feeling but I know without a doubt that he cares deeply and listens without judging and will always be there.

In some ways, I think my Dad knows me better than just about anyone.  He knows that when I set my mind to do something, I’ll find a way to do it.  He knows that I won’t back down to a challenge or a puzzle and will persist stubbornly until I find the solution (preferably before anyone else!)   He knows that I’ll spend whatever time is needed to get something ‘just right’.  He knows that I’ll fiercely defend and protect and support those that I love, even though I might not always agree with them.

He knows because more often than not, it’s exactly what he’d do, too.

I’ve watched and learned and grown so much thanks to my Dad.  He encourages me to always follow my heart, to always seek new challenges, to always strive to be the best that I can be, even when if it means I’ll be miles away from him in another country.  He may not like it but he always supports and encourages, and makes every effort to somehow help it all work out.

I shouldn’t be surprised.  My Dad is part of a long line of great men in my life; men of character, men of strength, men of principle.  They are my uncles, my brothers, my cousins, my colleagues, my mentors, my friends, my husband.  I love and admire them, quirks and all.  Whether they know it or not, each of these wonderful men have had an impact on my life.

I am so fortunate and grateful to have the benefit and wisdom of a great Dad and many wonderful Father Figures in my life.  I am thankful that my son will also have such positive and strong role models to admire and look up to.  They won’t tell him what to do, but rather will do it, and their impact will be that much more significant for having done so.

Happy Father’s Day!

<Shared from a previous post>

Investment Strategies Inc.

Role Models come in many different shapes, sizes and forms and are so significant in our lives that they often have a profound and lasting impact, sometimes without even knowing it.

I am so fortunate and grateful to have a wonderful Dad in my life to look up to and love.  He may not always put into words all the things that he’s thinking or feeling but I know without a doubt that he cares deeply and listens without judging and will always be there.

In some ways, I think my Dad knows me better than just about anyone.  He knows that when I set my mind to do something, I’ll find a way to do it.  He knows that I won’t back down to a challenge or a puzzle and will persist stubbornly until I find the solution (preferably before anyone else!)   He knows that I’ll spend whatever…

View original post 255 more words

Market Movements Make Money – Position Accordingly

Let’s face it – the Stock Market is really not for the faint of heart, especially in times like these!

Recent news and the ongoing economic uncertainty have been causing some pretty wild rides and sometimes it feels like you’re just hanging on for dear life. It can be a pretty scary place, even for the most seasoned and experienced day traders.

But without the downs, you can’t have the ups. Without the ups, you can’t have the downs. It doesn’t matter which side you’re betting on; without movement there is little potential for profit. For those players who can keep their cool during this time of fear and panic, there is money to be made.

The same essentially holds true for Real Estate. Investors want to see the real estate markets cycle because that is when real opportunities happen. Remember the old adage, ‘Buy Low – Sell High’?  It’s hard to buy low if the market is always up!

In most situations, movement means change, and change creates motivation. Sometimes perfectly good assets and real estate must be sold because of a death, divorce, partnership dissolution, retirement, downsize, loan maturity, interest rate adjustment, etc.  Sometimes the owner has simply accomplished his goal and is exercising his exit strategy to realize a profit. Sometimes the owner has just not managed the asset well. Whatever the motivation, if you aren’t expecting the change or if you aren’t properly prepared, your hand could be forced sooner than you’d like or under less-than-ideal circumstances.

Fortunately, the Real Estate markets tend to move at a much slower pace than the breakneck, minute-to-minute rollercoaster of the stock market. For those who are looking (and who actually want to see!) it’s usually a lot easier to anticipate market movement or upcoming changes and then have time to plan and prepare accordingly.  For example, information and statistics are available that show another wave of mortgages with interest rates re-setting coming up over the next few years. That could spell disaster for those owners who don’t start working on a plan to resolve the issue but it can also spell opportunity for investors who start positioning now to be ready to purchase if and when some people are forced to sell.

Ideally, owners and investors will plan and prepare to be in a position to minimize losses or to take advantage of upcoming opportunities when movements happen. Understanding your investment and the things that can affect its value are the keys to making smart investment decisions.

Smart investors are proactive, not reactive. They constantly monitor their holdings and make strategic moves to protect overall value – hedging their bets, so to speak. That way, if something changes or it the market moves in the opposite direction than what they think, the portfolio’s principal value is still largely protected. Whether it’s a stock, real estate or other asset class, every investment asset needs to be actively monitored and managed, even the passive ones. (Note: Property Management is not the same as Asset Management!)

In Real Estate, hedging or protecting your principal is often as simple as having ample cash reserves to weather through a rough spell of unexpected vacancy or repairs. The only time you really need to worry about the value of real estate is when you go to sell. Adequate liquidity can usually help you smoothly ride out a down cycle so you aren’t forced to sell at an inopportune time.

As many investors have recently discovered, a Home Equity Line of Credit (HELOC) is a poor and unreliable substitute for an actual cash reserve account. A HELOC can and will be revoked or capped by the lender at any given moment, regardless of spotless credit or payment history.

Many real estate owners make the mistake of cannibalizing their investment by draining every drop of the operating cash flow or overleveraging the asset. Then, when something unexpected comes up or something changes, they blame the market or the real estate itself for a problem that they created by not carrying sufficient reserves. You WILL have tenant changes, you WILL have some repairs – these are eventualities that can and should be planned for by all real estate owners.

Bottom line:  Know your assets, know your investments, keep your eyes open and plan ahead. These market movements are creating a lot of opportunity and it doesn’t look like it’s ending any time soon. Batten down the hatches of your solid performers to ride out the turbulence, cut loose the dead-weights and position yourself to take advantage of the opportunities created by these market movements.

Money & Kids: Kids DO Listen When Parents Talk about Money But What Are They Hearing?

If you’re a parent, at some point you’ve probably wondered if your kids ever listen when you speak.  Then you hear some of the same words and phrases being parroted back (often some we don’t necessarily want repeated!) and you know that those ears are wide open and taking it ALL in!

Parenting groups encourage us to talk about not doing drugs, not smoking, staying safe, etc. because the mantras we hear over and over again as kids tend to stick with us throughout our lives.  The same is true when it comes to money and finances.

But what are your kids hearing from you as a parent about money?  Quite possibly, you’re repeating some of the same things you may have heard growing up without really thinking about the messages you’re sending or the way your kids will interpret them:

  • We can’t afford it / It’s too expensive
  • Money doesn’t grow on trees
  • Debt is bad
  • Money is the root of all evil
  • Rich people are snobs

Kids are capable of internalizing and processing some pretty complex ideas.  They may not engage in direct discussion or they might take time to mull things over but kids see, hear and listen, and they make sense of their world by processing all the information and cues around them based on their own limited experiences.

As parents, we are in a unique position of influence that shapes the way our kids think about and treat money.  Kids listen to what we say and look at what we do.  If we don’t dialogue with them, though, those verbal and non-verbal cues are open to interpretation and the conclusions that your kids draw may not be the ones you intended.

For example, you might think your kids will see you working long hours every day and, by that example, develop a great work ethic and commitment.  However, they might interpret it as work/money is more important than family and resent that field/job/industry/you/etc.  Discussion is a vital part of communication to ensure that the message intended is indeed the message received.

People need to talk more about money.  Not the ‘How-much-do-you-make?’ kind of talk, but conscious conversation, real talk about money, like how you think and feel about it, what it can and can’t do, how to get and how to make more of it.

Although not the main idea of the blog, I read this great post on New Methods that to me, really underscores the importance of talking to your kids about money on an everyday, spontaneous basis.  The kid asks his dad how he’s able to go fishing in the middle of the day when most of the other people he knows are at work and dad explains that by owning a business, it can keep working even when he isn’t there. Just a 30 second exchange can have a significant impact on an 8 year-old kid, how he thinks about money and how it can help to shape his life (be sure to read about the author at the end of the post!)

The post also made me think about Robert Kiyosaki’s Rich Dad, Poor Dad, which distinguishes between the mindset of an employee vs that of an owner.  The parent in the blog is sending an owner-mentality message about money.  Instead of the typical ‘work hard, get a good job’ message, the advantages of being the boss or owner are communicated.

Does that mean that we all have to be business owners to talk about money to our kids?  Of course not.  Talking about financial alternatives and options just lets our kids know that there are many different ways out there to make a living.  It also doesn’t give a free pass from talking about money to those who are well-off.  In fact, financially successful people who don’t talk to their kids about money and fiscal responsibility often end up with a very short legacy indeed!

The first step is to be aware of your own thinking and what you’re saying about money.  After reading this article, I’m willing to bet you’ll start hearing yourself all the time!  Once you realize how you communicate about money, you can decide if those really are the messages that you want to share.  If not, you can alter the phrases to convey a different kind of message:

  • We’re choosing NOT to spend our funds on X because it isn’t a family priority or goal right now
  • Money can grow on ‘trees’ – referral trees and networking that brings more customers/business/revenue
  • Some debt (like credit cards) can be dangerous but some debt (like a mortgage) can be a helpful tool to build wealth
  • Money is just a tool; the person using it decides how it will be used
  • People of character do good things regardless of the amount of money they have
Start thinking about the messages you WANT your kids to hear from you about money so the words and ideas are readily available when those spontaneous, teachable moments come up.  Otherwise you’ll default back to the same old standard phrases.   
I like to tell the story of a discussion I overheard between my two sons because it really reflects the difference in my own mindset based on my own understanding of money, how I talked to my kids and where I was at in life when each of them was growing (they are 8 years apart):

Older Son:  One day I’d like to manage a nice restaurant like this.  I could do a great job.

Younger Son:  Great!  You can work for me because one day I’m going to own a nice restaurant like this!

Why Women Make Great Investors

Women really do make great investors.  Why?  Because investing is about more than just math and numbers.

Women are becoming more and more deeply invested in their own financial success for many reasons:  Careers are being pursued and marriage is being delayed, divorce rates are higher than ever, single-moms and women who are the sole or main breadwinner in the family are increasing, cost of living is rising steadily, job security is virtually non-existent…the list goes on.  There are no guarantees in life and situations can change drastically in the blink of an eye.  Independence and self-sufficiency are more than just words; they are a gateway to freedom.  Women are no longer content or willing to be dependent on others for their quality of life.  

A lot of the Myths about Money & Women floating around out there are simply false.  Statistics show that women are blowing the stereotypes out of the water when it comes to money and investing:  Women are MORE likely to join a retirement plan, women save on average 10% MORE than men, women actually spend LESS than men, and women are MORE likely to diversify their investment portfolio.

True power and independence happen not when you HAVE money, but when you know how to MAKE money.

Just ask any lottery winner or divorcee who has blown through a divorce settlement trying to sustain a champagne lifestyle on a beer budget!  A lump-sum goes away pretty fast when there is nothing in place to replenish it.  The first step is learning about Assets & Liabilities; the next step is doing something with that knowledge.

As Rich Woman Coach Nichole explains in a video Coaching Tip about Women and Investing on Robert Kiyosaki’s Rich Dad website, there’s a lot more to successful investing than just numbers and calculations.  The Rich Woman coaches identified their top 5 characteristics that make women great investors:

  • Asking for help
  • Planning
  • Multitasking
  • Diligent research
  • Value shopping

Let’s take a closer look at these strengths, how they each contribute and add up to a Great Investor Profile:

Asking for Help.  Women typically know how to ask for help when they know they need it.  And in my experience, more often than not, they prefer to ask other women.  Have you noticed all the networks and clubs and resources that are geared towards supporting women in financial and business endeavors?  The Daily Worth, WomenOwned.com, Ladies Who Launch, National Association of Women Business Owners (NAWBO), My Wealth Spa to name a few.  Many of these were created or developed just in this past decade.

Women seek and value mentors that can support and assist them in a non-intimidating, non-judgmental forum.  Although men often view women’s lunchtime or evening gatherings as a sewing circle gossip session, women frequently use friends and colleagues as sounding boards for new ideas, thoughts and perspectives.  Brainstorming and round-table sessions are becoming more and more mainstream, even in the ‘Old Boys Club’ organizations because there is strength and power in teams and in seeking outside opinions and help.

Planning.  Most women become good planners by necessity.  Often in addition to full-time employment or business ownership, women take on, or inherit by default, the monumental task of running the household, juggling kids activities, making and keeping family appointments, planning and organizing family vacations, meals, etc.  It takes a lot of planning and organization to make sure everything runs smoothly from day to day and week to week.

Investing demands a similar kind of planning and organization to be efficient and get the most out of your capital.  The ability to make and stick to short and long-term goals is important but having a system to monitor and track it all is priceless, especially when it comes to finance and investing.

Multitasking.  Women are also known to be exceptional multitaskers.  Handling several issues or tasks at once is all in a day’s work for most women.  This translates well into the world of investing because there are always many different things going on in many different markets and across many different asset classes.

Women who are able to see various market factors and how they can affect an investment will be much more able to predict possible outcomes and proactively make adjustments as needed.  Diversification is also easily appreciated and accepted by women who are more likely to hedge their bets as opposed to going for the glory in a single ‘Hail Mary’ home-run move.

Diligent Research.  Women know how to do their homework.  They are used to budgeting, comparing prices, finding the right pediatrician, school, camp, mechanic, gardener, insurance, etc.  In finance and investing, this means that women know how to investigate and identify investments that will work best for them.

Investing involves a LOT of research.  ‘Due Diligence’ is an investment term that refers to the process of verifying data presented, investigating the investment parameters and terms so that the investor can make an educated decision to purchase or decline.  As a real estate investor, I screen and analyze literally hundreds of properties before finally deciding to offer in on one or two.  Diligently investigating the investment and the people involved is a crucial step in protecting your investment funds up front and finding a good fit for your specific purposes.

Value Shopping.  Warren Buffet once said, “Price is what you pay; value is what you get.”  Women seem to intrinsically know how to stretch a budget and shop for bargains.  They are aware of what’s available, what the going rates are and will go clear across town to get something at a discount.  Women know that it makes sense to get a designer gown at half price if they are willing to find and sew on a couple of missing buttons.

Investing for value or value-add opportunity follows the same principles as shopping for any kind of bargain.  You need to have a good idea of the general market value so that you have a benchmark to evaluate the investment you are looking to purchase and know when it’s priced below its true value, or when a few simple steps are all it takes to realize its potential (add value, like sewing on a button).  Once you know what to look for, it gets easier to spot the gems.

Finance and investing may seem like a spider’s web of intricacy and detail but understanding the rules and knowing how to filter out the junk makes it a lot easier.  Women have the skills and qualities to excel in the investment arena on their own terms.  Women really do make great investors!

~ Eleanor Roosevelt ~

Technology & Information Jobs Pay Top Dollar

It’s official – the Digital Age has not only arrived but is living in your parents’ basement!

According to a research study posted by Inc., the highest paying jobs are in Technology and Information fields.


(Source: Inc.com)

In fact, even in other industries, some of the top-paying jobs appear to be tech-related.

For anyone looking to upgrade their skills or change career paths, take a long hard look at what’s being offered related to technology and information. The great news is that most community colleges offer classes that can get you up to speed pretty quickly without the astronomical cost of private institution tuition.

Encourage yourself and your kids to embrace technology, to use it wisely and purposefully, and to continually strive to upgrade your skills and learn about new platforms. At the very least, it is important to have an understanding of what’s out there so that you can pick and choose what works for you, both personally and professionally.

Not only will you be enhancing your skill-set and making yourself more marketable and valuable to an employer, you’ll also be improving your own efficiency as you incorporate more of the tools that can make your life a whole lot easier!

Role Models Don’t Tell – They Do

Role Models come in many different shapes, sizes and forms and are so significant in our lives that they often have a profound and lasting impact, sometimes without even knowing it.

I am so fortunate and grateful to have a wonderful Dad in my life to look up to and love.  He may not always put into words all the things that he’s thinking or feeling but I know without a doubt that he cares deeply and listens without judging and will always be there.

In some ways, I think my Dad knows me better than just about anyone.  He knows that when I set my mind to do something, I’ll find a way to do it.  He knows that I won’t back down to a challenge or a puzzle and will persist stubbornly until I find the solution (preferably before anyone else!)   He knows that I’ll spend whatever time is needed to get something ‘just right’.  He knows that I’ll fiercely defend and protect and support those that I love, even though I might not always agree with them.

He knows because more often than not, it’s exactly what he’d do, too.

I’ve watched and learned and grown so much thanks to my Dad.  He encourages me to always follow my heart, to always seek new challenges, to always strive to be the best that I can be, even when if it means I’ll be miles away from him in another country.  He may not like it but he always supports and encourages, and makes every effort to somehow help it all work out.

I shouldn’t be surprised.  My Dad is part of a long line of great men in my life; men of character, men of strength, men of principle.  They are my uncles, my brothers, my cousins, my colleagues, my mentors, my friends, my husband.  I love and admire them, quirks and all.  Whether they know it or not, each of these wonderful men have had an impact on my life.

I am so fortunate and grateful to have the benefit and wisdom of a great Dad and many wonderful Father Figures in my life.  I am thankful that my son will also have such positive and strong role models to admire and look up to.  They won’t tell him what to do, but rather will do it, and their impact will be that much more significant for having done so.

Happy Father’s Day!

Getting Started…

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The secret of getting ahead is getting started.  The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one.“ ~ Mark Twain

Welcome!

This quote seemed to be the perfect way to start things off.  Getting started is probably the most important step in just about any task, investing included.  Yet it almost always seems to be the hardest.

This Blog, for instance, has been on the To Do List for months (okay, a year!) but despite the explosive growth in social media and awareness of the power of the internet, the ‘Blog Project’ always got pushed to the back burner.  It actually wasn’t the difficulty of the task that was the problem; it was the scope of the project and time it would take to understand and do it ‘right’.

The world of investing and finance and wealth can be pretty overwhelming, too.  There’s a lot of information to sift through.  There’s the anxiety and dread of making the ‘wrong’ choice.  This is, after all, your hard-earned savings and retirement we’re talking about.

But like most of the challenges we face, once you get started you’ll probably find that it’s not really as bad as you built it up to be in your mind, especially when you have a plan and a solid support team behind you.

In fact, you may even wonder why you didn’t start sooner…!

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