Secrets to Financial Happiness - Professional Development an… · Secrets to Financial Happiness....
Transcript of Secrets to Financial Happiness - Professional Development an… · Secrets to Financial Happiness....
VALERIE JOHNSON
C E O
H A B I T A T F O R H U M A N I T Y O F D A N E C O U N T Y
Secrets to Financial Happiness
Who is Valerie?
Money Can’t Buy Happiness
Unhappy Easier
Both
Eat
10k or $7,700?
Roadmap to Happiness & Today
How to Get Money
How to Keep Money
When it Doesn’t Matter
How to Get Money
Be Different:
Demograhic
Geographic
Certification
Language
Degree
Style
How to Get Money:Earn Max at Start
Start High
Research: payscale.com; glassdoor.com; salary.com
Start Large
Negotiate
Practice!
How to Get Money: Earn Max
Exercise: “My research found people in this type of position here inMadison are making 60 to 70: would you consider 65?”
How to Get Money: Earn Max
Exercise: THEN SAY NOTHING. Make them go next.
Answer: yes, no, maybe.
How to Get Money: Earn Max
Raises: 5%=170
Same as new job negotiation
Switch jobs
Practice!
How to Get Money: Other Ways
Investments. Be Active
What do you know? Cows, Real Estate, Ebay, Gambling, Writing
DIY: Home Repair, Nails, Framing Pictures
Second job: 2 benefits
How to Keep Money
Invest w/help
Courtesy – not!
ID protection
Bankrate.com
Consolidate investments
Consider Taxes
How to Keep Money
KISS
Consolidate and Diversify
Review 1-4x/yr
QuickBooks or Aunt Barbara
Coupons?
How to Keep Money
Budget your needs,
not haves
Track it
Multiple saving goals
Remember PCA? The
best credit!
Balance fun/security
How to Keep Money (debt)
Own, don’t rent Tax free interest, property tax
Capital gains, not income tax, on gains
Hire lawn, snow, repairs.
Val’s Law: no 2nd car loans
No credit card debt. Ever.
Home Equity/HELOC
How to Keep Money: Plan
Credit card and loan
calculators
Retirement vs paydown
house vs stock?
2-4 appts/yr to rebalance
Net worth statement
Prevent Problems
Prenups protect you both
No stressful $250x2/hr fights
If inheriting or gifts, should your kids or his next wife get your $?
Prevent Problems, cont
Remember Uncle Sam
Be poor. Who flexes, has living needs?
Heirlooms. China Mom gave in HS? Grandma’s table? It’s on Loan!
Keep Asset List Now
It’s about the ring!
Take Care of Yourself First
Do you fund your parent’s 401(k)?
Roth IRA can flex to fund both
You can pay down kids debt later
How to Pass Money: 529
Make another plan
Doesn’t end at HS grad
Skin in the game
Siblings can use
Whose in charge? Allowance (3)
What Matters Most
Exercise: Make a net worth statement or at least a list of assets this weekend. Put on your calendar; print and take to office.
When Money Doesn’t Matter
Object of the Game: win
Feel good about you & what you do
Keep enough for needs
Keep some for wants
When Money Doesn’t Matter
4 Ground Rules. First:
1. You are who you say who you are
Don’t be a victim
Ask your father
Tell him what you want for dinner
Remind him to pick up the Girl Scout cookies
When Money Doesn’t Matter
4 Ground Rules-Second:
One size doesn't fit all
Divine Discontent
125 vs 200
Be happy w/your prize
When Money Doesn’t Matter
4 Ground Rules. Third:
Women have stronger urge for relationships
Service Industry
Don’t take business personally
Hire people you don’t like
When Money Doesn’t Matter
4 Ground Rules. Fourth:
You’re a:
Daughter
Wife
Mistress
Mom
Manage that and call it out
Start with the End
Start with the End
Start with the End
What Matters Most
Exercise: Is Your Money Where Your Mouth is?
Be Happy and Wealthy
Don’t delegate your awareness
Don’t count on anyone else
Don’t be shy – ask and share. CUNA Survey. Repeat.
Get an advisor. Repeat.
Enjoy the independence journey!
VALERIE JOHNSONC E O
H A B I T A T F O R H U M A N I T Y D A N E C O
Be Happy and Wealthy!