Have you ever heard the word fiduciary? Have you ever heard anyone saying that before you speak with a financial advisor or anyone about finances, make sure that he/she is a fiduciary?
If you had, then keep reading. If you haven’t keep reading too because I am going to explain what that means.
Here is the definition that Investopedia have for a Fiduciary:
"A person or organization that acts on behalf of another person or persons to manage assets. Essentially, a fiduciary owes to that other entity the duties of good faith and trust.
A fiduciary requires being bound ethically to act in the other’s best interest."
Anyone that is acting as your financial advisor or that is helping you with your finances requires a high level of ethics and above all, having your best interest in mind.
Why is this important?
First, because we are talking about money.
Second, because trust should go both ways. If a client is trusting anyone with...
We all know that numbers and numbers. However, when it comes to the topic of money and finances, there are differences between how women and men approach it.
The way we want to be communicated about money and the way we want to learn about money is different from men.
Why does it matter that we have a different type of communication regarding financing?
Women make 80% of the household buying decisions, even the most critical and most significant decision which is the home. They decide where to live, and for the most part, they choose based on the way the kitchen and bathroom looks. If they are not happy with the home, the configuration, and even the location, they will not want to purchase.
Women control 51% of the personal wealth in America. If you don't think so, ask yourself, who buys most of the clothing, groceries, makeup, hair salon, nail, baby and kids items? We are the trendsetters, we determine what will work and what don't.
Women outlive men on...
On average an MBA will cost $150k.
Is it worth it to get an MBA these days?
In my experience and what I have observed from a lot of my friends, it is not.
A lot of people think about getting an MBA because it might enhance their career choices.
However, in the past year, I have met many individuals with MBAs looking for jobs for over a year due to two reasons.
One, their MBA make them overqualified and therefore the company doesn’t want to hire them. Or two, their MBA is not coming from a school that the employer could consider a top school.
The only reason you want to get an MBA is if you are planning to take a leadership role like a business owner or management.
In these days and age, startup companies rather look for individuals that can think outside the box and innovate, not people with MBAs because the owner of the startup already has an MBA.
Aside from the massive costs, to get into a reputable MBA school, you need to have a high GMAT...
As you may know, the Dow Jones dropped more than 1,000 points last week.
This had Wall Street running like headless chickens.
Should we panic? Are we close to the next big crash?
However, what does that mean? Why should we care if we don't invest in the market?
Moreover, if we do, with more reasons we should continue reading this.
Well, to clarify, this is the 2nd time this year that the market dropped over 1000 points. It happened back in February.
The reality is that when the market goes up in a straight line, there has to be a time of correction.
The market goes up steadily and slowly, but the corrections can happen erratically and rapidly.
This is when financial education becomes essential.
Because we want to make money and grow our money, but for sure we do NOT want to lose it.
The problem is that there is so much information out there that we get all confused about what is right and what it is not.
And at the same time, there is such a lack of information
However, there is...
Money problems are never about money.
It is about how we look at money. Money is a tool, and we control that tool, not the other way around.
I am not a millionaire yet! However, I am definitely on my way. I am sure that I will be one.
Have you heard the phrase success leaves clues? Well, I get to hang out with millionaires and multi-millionaires at all time.
I am so honored to be surrounded with them and above all that they are willing to coach me and mentor me.
So I have had the opportunity to observe what they do and how they do it, but above all the way they think.
I want to share with you what I have observed and has worked for me, allowing me to grow and achieve my goals.
However, first, one thing I know it is sure... I am a millionaire! I see it, and I know I am close to achieving it, and in the meantime, I am enjoying the journey to help others make it too.
Here are five things that I have observed that have gotten there:
I want to share with you a straightforward process to manifest and attract anything you want in your life, especially money.
It is such a simple process that most times we take them for granted. But it works for me and works for a lot of people. So I dare you to try it!
Start with an amount that is a little stretch but at the same time something that is realistic to achieve.
For example: If you are making 5,000 dollars a month, you probably might want to ask for 7,000 to 10,000 dollars.
So you can either increase a little what you want or double what you are already making. You can use this formula for any amount of money. (ex: $100,000 to $1,000,000)
September is life insurance awareness month and I want to share with you 7 reasons why it is so important to have life Insurance.
Now, I have to tell you that there are many forms of life Insurance and not all of them necessarily will apply to you. It is not a one size fits all.
If it is prepared correctly based on your specific needs, you can get huge benefits from it, including the ones below.
Here are the reasons everybody should have life insurance:
Are colleges going to exist 10 years from now? Maybe, maybe not, but for sure they are not going to be anything like they are right now.
A lot of our children might not go to college like we did.
Colleges might not exist in 10 years from now.
The return on investments for colleges and for students are not what they were before.
At least 71% of students graduating from college has student loans of at least 30k. And this is only for a graduate degree.
Most students are not getting a good college education but only a good name.
What $1,000 was to cover for books before, now it is to cover 1 class.
Costs of schools are getting out of control.
A data collected from over 1000 students that were going to college showed that at least 45% didn't demonstrate any type of improvement in learning over the first two years and 40% over the four year period.
Among the reasons is that many of them didn't study at all. The average only...
Who do you think is responsible for teaching your kids about money?
It is funny that as parents we teach our kids a lot of skills, but we fail to show them something as essential as managing money.
Today I am going to share with you three things that you can do to help your kids understand the concepts of Money.
Children start deciding about money as early as three years old. If you don’t think so, ask yourself, who chose the cereal or the juice at the grocery store.
Typically, I suggest to give them a week allowance base on their age.
If your child is 7, then $7, 6, $6, 5, $5 and so forth.
This will give them a sense of reality and teach them good habits for then on.
Have you ever asked your kids where do they think Money come from?
Believe it or not, your kids start to make financial decisions at a very early year, even 3 years old.
If you are not sure about this, ask yourself, who chose the cereal and juices in the Household? Where do they choose to buy it? At the grocery store, right? They are pointing out what they want.
Most kids don’t understand where the money is coming from, but they assume that all they need to do is ask and it is given.
If you want your kids to learn the correct concepts about money from a very early age, then they need to be clear about where the money is coming from.
You can also give them tasks so they understand that money is an exchange of value.
Teaching them to have their own business at an early age will also teach them the path of entrepreneurship.
Have them read kids books about money.
When you start teaching your kids numbers and how to count, instead of paper or marbles, teach...
Just fill out your information below and I will take care of the rest...