Category - Family Finances

1
5 Tips for Raising Money Smart Kids
2
How These Women Followed Their Entpreneurial Drive
3
What You Need To Do to Feel Financially Secure
4
Working the Numbers in Divorce
5
Qualifying For Disability Insurance

5 Tips for Raising Money Smart Kids

  1. Remember that experience is better than lecturing.  When your kids are ready to learn about money, start letting them make some financial decisions.  It might be as basic as choosing between an ice cream treat and a soda, but let them decide and let them know it’s about deciding what to get, not getting everything they want.
  2. Start younger than you think you should.  Many kids in pre-school can make the ice cream vs soda decision.  Elementary school kids can have an allowance that let’s them buy some things that you used to buy for them.  In late middle school
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How These Women Followed Their Entpreneurial Drive

Can street smarts, charisma and passion stand in for a business plan?  It all depends on who you ask. I recently hosted two panel discussions that focused on women entrepreneurs in the food business. Participating were eight vibrant businesswomen in their 20’s and 30’s.  Each had the entrepreneurial bug from an early age, each has boot strapped their business and most had no written business plan before they launched.

Women in the Food Business at the San Francisco Commonwealth Club From left to right: Kathy Wiley, Christine Doerr, Malena Lopez-Maggi and Mindy Fong Women in the Food Business at the San Francisco Commonwealth Club – From left to right: Kathy Wiley, Christine Doerr, Malena Lopez-Maggi and Mindy Fong

Of Passion and Practicality

Molly Fuller …

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What You Need To Do to Feel Financially Secure

I have noticed a trend over the last year with people I have spoken to about their financial situation.  The common theme I keep hearing is safety and security.  Because of this trend, our firm has decided to promote this theme throughout all of the literature we give to prospective and current clients.  It is the theme of financial security!

Re-Evaluate

I think people have been very humbled over the last year.  A paradigm shift has and is occurring and people want to know that everything is going to be okay.  The financial philosophies they used to old true have …

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Working the Numbers in Divorce

The financial settlement is the major component of many divorces.  Making sure that a professional who is an expert in finances is also an expert in divorce is key.  A financial professional working on a divorce needs to be familiar with the legal landscape in divorce, tax issues that specifically relate to divorce, and the long term impact of the financial settlement in a divorce.

Three different professions tend to gravitate toward this work.

Investment professionals sometimes do this work as a loss leader to get investment clients after the divorce.  Be aware of this, both because of the potential …

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Qualifying For Disability Insurance

If you’re shopping for your own disability coverage (rather than receiving disability insurance as an employer benefit), you’ll encounter a myriad of policy differences. You need to understand one of the most critical elements in any disability insurance policy: the definition of what a “disability” is.

The most desirable definition: Own-occupation Disability
If a policy defines disability as “own-occupation,” this usually means that you’re considered disabled if your condition prevents you from performing the “material and substantial duties” of your own occupation.  So if you are working in a job and become unable to do that job, a policy using …

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