financial plan

Dealing with Market Ups and Downs

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“In light of recent market volatility, remember that your retirement plan is intended for long-term investment. Attempts to time the market are rarely successful. One way to manage risk over time is to ensure you have a diversified portfolio that is re-balanced through up-and-down markets. Keep your individual needs, goals and time horizon in mind and consult with your financial adviser if needed. It is important to note diversification and re-balancing do not ensure a profit and do not protect against loss in declining markets”.- JPMorgan Chase Investment CouncilFree-Market

A retirement plan is not a sprint folks- it’s a marathon. There will be some declines, but the most important thing is to remember to stick to the plan and not panic! I know, it’s easier said than done, but trust me, things will change – it always does. Understand your risk tolerance. Money is just another source of energy- do not let your emotions take over when the markets drop. Research indicates that over time, it will rise again. When markets drop is the time to invest or not! That’s your choice but whatever you do- please remember that your broker doesn’t have control over the economy, so go easy and review your portfolio to see where adjustments can and should be made. My two cents? Ride it out and keep your eyes on the “end game”.

You know me by now- I like to keep it informational and short and sweet.

Until next time…

Peace and prosperity,



Opportunity to Serve

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Opportunity to Serve

Financial Illiteracy Epidemic & Opportunity to Serve

Financial problems have reached epidemic proportions in our country, a crisis that causes major problems at both the community and national levels. Financial issues contribute to a variety of troubles many people face today: from crushing debt to retirement shortfalls. And the stress associated with financial issues can have devastating emotional impact. This epidemic hurts not only individuals, but the community as a whole.

Current statistics clearly indicate that many Americans are suffering greatly from a lack of practical financial knowledge. Reading these statistics and research is like looking into a crystal ball. Learning that as many as 75% of college students lack money handling skills tells us that those students are likely to run into credit problems in the future. Reading that the majority of U.S. adult workers have no savings or retirement plan tells us that those people will be unable to retire.

The U.S. economy is consumption-based. As people become unable to afford purchases- that reduces the country’s GDP. The whole world will feel the effects. But according to the NFEC, the country’s leading financial education providers, simply raising people’s personal finance knowledge empowers them toward secure futures.

Getting the message out is our main objective!


Ms. Banks

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entownerlogo1My children have a nickname they call me “Ms. Banks”- no not like the one and only Tyra Banks; but the mother who seemed to pull money out of thin air when there was an emergency.

That’s because I follow my advice and save for a rainy day. I know the gurus in finance like Robert Kiyosaki, Tony Robbins, and Dave Ramsey, say you can’t get rich saving money, and they’re right-but you have to start somewhere, right? Unless of course, you are an heir to a fortune or win money from the lottery; however, those are exceptions to the rule.

I wasn’t as fortunate as some, my life started out very rough and I wrote about my struggles in my book “Journey Into Finance” and what helped me along my journey. So, for most people in my circumstances, getting a job and saving money from their paycheck to reach a certain goal like purchasing their first car, is the most logical option.

Once the money is saved, then and only then can a purchase be made. My first car was a 1997 Toyota Corolla which I affectionately named “hooptie”. It was a used vehicle and had very high mileage, but it got me from point A to point B and further for a few years. A minimal investment of $500 dollars was the total cash price and I put $100.00 down for the lot owner to hold it for me. Each week I put $150.00 dollars aside from my paycheck for the car and insurance, and in 4 weeks, that “hooptie” was mine.  I invested in new tires, a designer steering wheel cover and she was good to go. When you pay for a car with cash, it doesn’t help your credit score though, so I had to use my bill payment history to begin showing my credit worthiness. Tip: never put your utility bill in the hands of someone else to pay, if they miss a payment, your credit suffers.

I’ve always been good at putting money aside and when I met my husband, he showed me how to coin pennies and then take them to the bank in exchange for dollars. Once I got it established. I’m very thankful for those early years, because it taught me how to persevere through the tough times and how to appreciate small things.

As I write this post, I’m proud of that nickname “Ms. Banks”. Happy Holidays.

Until next time…

Wishing you peace and prosperity,