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Review Category : Relationships

5 Ways For Women To Build Confidence

So I know what you are about to say.  What does a 44 year old guy know about women building confidence.  I’m not about to tell you that I know the secret of women, but I thought I would attempt to list some things women can do to build confidence.  After reading  from the book The Confidence Code by Katty Kay and Claire Shipman, I picked up these 5 ways woman can build confidence: You don’t have to make things perfect, so stop tinkering You have to keep moving forward and tinkering takes time.  Even if you are wrong, failing fast can reduce the time going down blind alleys. Leave your comfort zone Try something you thought you’d never be good at.  The old saying  “What doesn’t kill you will make you stronger” is so true. Take credit for your successes Don’t just brush off a compliment, accept it.  Use it to give your next step confidence. Give rid of ...

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Five Financial Moves To Make On Your Birthday

Our birthdays are usually a day of reflection and celebration all at the same time.  It’s often the one day of the year we measure ourselves against our goals, take stock of where we are in life, and think about what may be coming in the near term horizon for our future.   You’ll often compare how you look versus your friends on places like Facebook and think about where you are in life when it comes to your money and savings.  Here are my five smart money moves tips you should be considering on each and every birthday. Insurance– When it comes to life insurance, every year you get older there is more of a chance that you will die.  Thus, the cost of life insurance will continually go up.   You may need to decide what kind of insurance to buy whether it be a 10, 20, or 30 year term insurance or maybe this is the year you should ...

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Get Educated On One Word: RISK

You are a big spender and she’s a mattress stuffer. You like the idea of house flipping and she prefers a money market. You’ll go for the IPO and she’ll go for the blue chip stock that has been around forever. Now that you are newly married or living together, how can you ever see eye to eye on the best way to manage the family investments? Here are three quick young couple tips to deal with opposing investment styles. Get educated on the meaning of the word RISK. It’s likely nobody ever explained all the types of risk associated with investing to a young couple. Did the money mattress person realize they could be safely going backwards each year with the risk of inflation? Did the IPO investor realize the risk of losing all of their money with the latest social media stock? The young couples of today need to get informed on what risk really means. Get educated ...

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Don’t Let Your Kids Fritter Away The Money

I salute all of the parents in America.  By far, it is the toughest job that we will ever have, filled with moments of both sadness and euphoria, as Billy Joel would put it in his music.   It’s hard watching our kids make mistakes, but sometimes it is the only way they can learn.   However, there are three smart money moves scenarios that I’d like to share with you in order to help you help your children become smarter about their money. Zero to 18 years old- INSTITUTE A 50% RULE– Since we continue to move to a cash and gift card society, physical presents are something we don’t see as often anymore.   The gift card as we know it actually makes you spend more money because it doesn’t really feel like cash.   That is mentally how younger people get into problems like credit card debt, because you never actually see the money.   The 50% rule is simply this;  take ...

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The Lost Art Of The Hand Written Thank You Note

I’m really not sure why any of us get excited about going to get our mail every day.   Even though we know that ultimately the mail will deliver us three pieces of mail that are bills, five different types of non-sensical catalogues we didn’t order, and one incredible bulky Val-Pak stuffed with coupons, we still never get tired of the intrigue of opening up mail.   Even the halfhearted effort of companies that send us birthday cards unsigned still doesn’t seem to be able to break our spirit around the excitement of getting the mail.     Every once in a while when the sun shines bright and the weather is oh so perfect, it comes to our amazement that somebody today actually sends us a hand-written note and there it is; our day is made. For more than twenty years now, I have never stopped sending hand written thank you notes. Notes that have a personalized message so ...

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Five Vices That Could Ruin Your Financial Future

We all have vices.   For some people it is biting their nails when they are stressed out.  For others it is taping and watching every single episode of the Real Housewives on Bravo TV.   Some vices are innocent while others can get you in big trouble.  Here are five financial vices you want to avoid if your goal is to become rich. Gambling- I am not talking about placing a $5 bet on the NCAA basketball championships.   The lottery for most people (especially scratch off tickets) can be a very addictive habit and one that is tough to break.  Spending $40 a week on lottery tickets vs. $40 a week saving in an IRA could mean a large differential in your ability to be able to retire one day.  The odds of your numbers coming up are slim to none. New Cars- I know that there is nothing like the smell of a new car.   There’s also nothing like the ...

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Social Media May Be Your Best Freshman Class

It’s likely that students starting college in September have spent the past four years of their lives become experts at social media mediums including Instagram, Facebook, and Tumblr. Without ever taking a class on social media, these platforms are indelibly integrated in the way an 18 year old communicates with their friends and family. In 1987, I didn’t even have a computer to bring to Boston College with me. Rather than give advice on student loans, budgeting, and other financial topics, I’d like to encourage the upcoming freshmen going to college to expand their social media networks and learn how to use these platforms to build their future. You see, it’s simple that life teaches you it’s not what you know but who you know that will ultimately get you further in life. This doesn’t mean you shouldn’t strive to become an excellent student, but rather leverage your expertise and begin to build your networks out today so when you ...

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How to Combat Wedding Fatigue

Now that June has passed (statistically the most popular month for weddings), you are out of the woods in regards to attending weddings, right? Think again. The next three months, from August to October, rank 2-4 in popularity (Source: Majesticmixers.com) and are sure to put a crunch on your wallet. More Americans are getting married this year than the last few years, the first upward swing since the Great Depression (Source: MarketWatch.com). If you are like me, you start to dread the fancy envelope with the script writing in the mail. In the last calendar year I have been invited to 12 weddings located in Georgia, Florida, New York, Las Vegas, and Mexico. I have been invited to 5 bachelor parties from Vegas to Austin and New Orleans to Charleston. Is there a way for a normal 28 year old to afford all this? The answer is yes, and no. At some point, it is ok to say no. A ...

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Who Will Take Care Of Your Aging Parents?

Generation X will have its first official fifty year old group next year.  It’s hard to imagine for a  Gen Xer because we are still convinced that bands like Huey Lewis and The News and Foreigner are kind of cool when officially on the music circuit they are considered ‘oldies’ already.    Most of our parents are hitting that late 60’s to mid 70’s range and now we are wondering who is going to take care of Mom and Dad.   You may have even joked last Thanksgiving by putting your finger on your nose and declaring NOT IT when asked this very question by your sister or brother.    Here are four important ideas to be thinking about when it comes to who will take care of your aging parents. Who Is Playing Quarterback? The bigger your family, the more of a likelihood that someone has become the favorite son and there is a black sheep lurking in the family as well.  ...

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5 Mistakes To Avoid At Your High School Reunion

“Dude! I can’t believe it’s already been 10 years!” This is something I am starting to see a lot on my social media feed as I brace for my first high school reunion. I had mixed feelings about attending but in the end, $70 to spend a night hanging out at a country club with some old friends, reminiscing on old stories and having a few cold ones, sounded like a good time. Here are a few tips I am planning on following myself: DON’T overdress. You aren’t Justin Timberlake so don’t show up in a skinny suit and tie and act like it. It’s intimidating to others and makes you look more like a loser than a winner. And I hope you weren’t planning on going in a T-shirt and jeans…Did you want Best Looking 2004 to think you are a dish washer at the local Taco Mac? (if you are, well…its been 10 years, move on!). A simple ...

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