Gas prices DROPPED!

Hooray!  Don’t you love that feeling?  You know that sweet feeling that you have a little more money in your wallet.

What are you gonna do with it? They say that, on average, each of us will have an extra $500.

I bet you have a list in your head for using that money.

Let me guess what is on your list. Hmmm………… More Xmas gifts for the family, a repair of your home, car or a down payment on a new car or washing machine……Have I  hit one right yet?

Television, magazines and online ads bombard you with the same message. SPEND IT !!!!!

What if…….? What if you tried something radically new (“disruptive”)? What if you did NOT SPEND it. What if you  SAVED THAT MONEY? Or more correctly …..

What if you put that money……………….. to work for you in your IRA or savings account, a little every week?  You know, $25 per week or $50 per month.

What if you used it ………………..to pay off (or pay down) your credit card debt, $25 every week and/or $50 per month? Or front load it, that is hit it hard, by paying down $100 per month to reduce the balance on the credit card that requires you to pay the highest interest charges? (You know, debt reduction is a form or saving that has the added benefit of reducing your stress.)

Once you start that saving and/or debt reduction, why not do that for the next, oh…..2-3 years? Save $25 per week and/or $50 per month and deposit it into your IRA and/or pay off all your credit card debt? Make it $20  per week or $100  per month. Whatever you can afford.

Treat yourself!!!! Put that money into an account with your name on it. You will feel less stress  and more secure. That will make your life better, easier, softer, kinder after you leave work behind. Less anxiety, more control.

That is what I am advocating. Give yourself  more control!!!

I want you to take the money that used to flow out of your wallet into a gas tank, and move it into accounts with your name on them. You take it!!!!! You use that money to increase your savings and/or drop your debt burden.

Take full advantage of the decrease in gasoline prices.  Put yourself on your list. Take Control ! Give that money to  yourself!!! Why? It will  build your wealth and security.

Wouldn’t that feel good?

 

Hot off the presses!

Here it is! Your very own paperback version of  Hot Flash Financial!

It is a grown up version of the website. No actually it is a development of the Hot Flash Financial approach. Yes it retains the hot flash method– laugh while you learn. And it offers clear explanations of complex issues, plus a set of STEPs to follow, STEPs you can rely on, if you want to increase your financial security.

So why buy a copy?HFF cover

The more you  know, the more control you will feel. Your stress about money will start to melt away, because you will know what you are doing with your money, and how. That is the best way that you can improve your future.

And, by the way, it is cheap. Your $15 investment will pay back a thousand fold!

So, hit the link to  buy your paperback copy  “and get one today!!!!” (as they shamelessly say on TV)

You will be glad you did.

 

A new tradition

Let’s start a new “tradition.”  (Humor me. I was trained as an anthropologist. We anthropologists  love rituals.) Let’s call it a Hot Flash Financial Tradition.

What is this tradition? First it, is a ritual that occurs around new years. How do you do it?  Every year, you revise your List of Assets to reflect the December 31, 2012 balances. After you have the year end balances, you add up the total. Then do the really smart, Hot Flash Financial thing– Celebrate what you did right. And use your new List of Assets to make some decisions to improve your financial security next year.

If you have not developed your own personal List of Assets, create your first one today. (Go to the Tools Tab and select List of Assets.)  You take the same steps as someone who has a List of Assets.

Here are the steps you can use to follow the ritual. Go on-line to access every one of your retirement accounts, as well as investment and savings accounts. If you already  created your list of assets, add a column and mark it December 31, 2012. Input the dollar values for the last day of the year for every one of your account balances.  Then add the dollar values all up to get a Total. Now, do what comes naturally. Find out if your retirement account balances are higher than last year.

The next part of the  Hot Flash Financial Tradition is crucial: figure out what you did right! Also figure out what needs to be improved.

What you did right:

  • If you added more money to your retirement accounts, the total should be higher.
  • If you were invested  in stocks (or stock mutual funds) your balances may be as much as 10% -13% higher. (The S & P 500 booked a 13% increase over last year, 2012. If you invested a portion of your portfolio in Bonds, you may not be as high. But you got stability or less crazy fluctuations in your account values. Why? you reduced your risk by investing in bonds. Reducing risk has a cost. But it also has a strong plus–it allows you to sleep better at night.)

This is the most fun of this ritual. Pat yourself on the back and celebrate what you did right!!!!!

If you added money to your retirement account, but the increase did not meet your expectations, figure out why.

What you could improve in the future:

  • Did you add enough money to your retirement account  to make the total budge?
  •  Are there other reasons for the shortfall in your expectations about your retirement account balances, and your overall Hot Flash Stash of Cash?
    • Did you decide to save for the future, but you deposited that money into a savings account instead of your retirement investment account(s)? A savings account probably gave you about 1% return in 2012  By contrast, the stock market gave about 10%-13% in the same year. Did you make the right decision, saving in a savings account rather than a retirement account? What will you do in the next 12 months? Invest in your retirement account or in a savings account?
    • Savings accounts are nice. They reduce the risk that you will lose the money you deposited. But remember there is a “risk-return” trade off. If you take on more risk–investing in the stock market, you are likely to get more return. (In this case, the return in 2012 [and most years] would have been positive, although the market did move up and down a lot during the year. While the dollar amounts fluctuated, over the long term, in this case a year,  you were ahead.) If you take less risk–investing in a savings account–you are likely to get a lower return. Lower risk is often correlated (as we say in the biz) with lower return.

Your handy- dandy List of Assets becomes a really important reference point.  It also enables you, no actually empowers you to make some important decisions and improve your financial security. Your decisions can increase the number of things you do that are right over the next few years. So you can celebrate more. 

After celebrating, take a closer look at your List of Assets to figure out what you can do to increase your own, personal financial security in the coming 12 months.

Since we can’t shut up, we will suggest you do 2 things.

  1. Increase the amount of money you deposit in your retirement account. Increase it by 1%. And, if you can, work toward increasing your contributions, over the next year or 2 or 3, to deposit the maximum legally allowed.
  2. Decide if you are comfortable with a bit more risk. If so, invest a greater portion of your retirement savings  in the stock and bond markets, for the long term. If not, stick with savings accounts.

Make this  Hot Flash Financial tradition, your tradition  every first week in January. That way, you have more control. You have the knowledge of what you have done well. And you can take the steps you need to take to improve your financial security over the long term.

What will motivate you? A bargain?

Are you one of those girls who wants to get something for free, or at least 20% off.

Well, have we got a bargain for you!

Hot Flash Financial’s 3 step Financial Plan to improve your money situation and your future. Hot Flash Financial offers a major breakthrough. Unlike competitors who offer just one method, we eliminate the discomfort of having too little money when you are 85.

Hot Flash Financial easily removes Money Stress. It is GREAT for any woman with, or without, Hot Flashes.

 

What’s more,  Hot Flash Financial is Absolutely  Free!!! (for more than 30 days).

But Wait! If you click right now, we will give you very professional advice to improve your money situation today and in the future. 
  Advice that you probably know you should follow.
If you click on this site now, we will give you 8 Questions at no additional cost. And we will give you some hints to help you formulate your answers.Then, we will give you the steps you can take to make your life better. You will see the results in 6 weeks or more.
So click on this site now!
You can Buy One and Get one FREE. That way you Girlfriend  can start TODAY!
Who else will give you such important information that will improve your life, while not asking for money from you? Your hairdresser wants to be paid for his/her time. So does the manicurist and pedicurist, your masseuse, doctor, dentist, ….. you name it. 
We at Hot Flash Financial don’t demand cash nor credit to “make your life better.” Take advantage of our offer.”

What will motivate you? Your personality?

Are you  conscientious, emotionally stable, agreeable, an extrovert, who is open to experience?

If so, researchers say that you are likely to be, or  become more financially secure.

Here is a link to a summary of findings at the great  Boston College site.

 

But what if you are not all those things?

What if, somehow you lack one of those great Girl Scout personality traits? You raised your hand and took the pledge, but you knew, deep down inside that you were, well…… human.

Well, we love you here at Hot Flash Financial. We accept you and think you just have to follow the steps we give you! You’ll do fine.

 

Here at Hot Flash Financial we don’t  believe that anyone can be “perfect.”  In fact, we know we are imperfect. After all, we have hot flashes, don’t we?  We believe we have to have a sense of humor about these things. So read about  Using Laughter as a Weapon. It is a crucial part of the Hot Flash improvement plan for Your Financial Security.

So  join us.

Write a comment.

Click around this site.

And get your best friends to read the blogs, write comments and use laughter as a weapon with you. After all, Hot Flash Financial wants you to enjoy a future shared with good friends, and other loved ones, rich with laughter, as well as financial security. So bring the girls in, and start sharing the laughter now!

 

 

 

What will motivate you?

We want you to take yourself seriously. We think you are worth it. So we are going to encourage you to take some time for yourself, and some money for yourself. So you can improve your finances and your future.

We are going to start with a series of blogs that ask you a question? What will motivate you to act in your own self interest? To improve your control over money and your future?

We are going to ask a lot of different questions. We recognize that there is diversity out there. We women have different backgrounds and perspectives, as well as different challenges. Some of us are younger, with hot flashes on the horizon. Others are older, with the heat and frantic fanning a distant memory. Some of us are married, some divorced or widowed and some have never, ever married. There are so  many differences that not all of us can be moved to action with the same set of words.

So read these blogs and focus on the Motivation issue that hits home for you. Is it

  • fear, or a
  • concern you will be a burden to your children? Is it
  • lack of knowledge? Is it that
  • you  have never been employed and relied on your partner for income? Is it that
  • you and your partner argue a lot about money and so you are rightly concerned about opening a Pandora’s box? Is it that you have
  • run into real trouble in the Great Recession–you may be unemployed, and/or your house is worth a lot less than your mortgage, or worse?
  • all of the above or some of the above?
Read our blogs. Comment on them. Click around on our sit. Tell your friends about us. Get them to click around the site too. Get them to join you as you ASK our questions and try to develop ANSWERS. Then ACT! to improve your control over your money and your future.