Issue link: https://read.dmtmag.com/i/335336
22 BRAVA MAGAZINE | JULY 2014 THRIVE WELLBEING Plan in the micro versus the macro. Instead, consider all accounts and assets in your ǠNˬNCIˬLDECISIONS Work without an economic model. Find a system to evaluate the effectiveness of how your ǠNˬNCIˬLDECISIONSWORKTOGETHER 4EˬRCHFORTHEIDEˬLǠNˬNCIˬL product. "GOODSTRˬTEGYrNOT ˬSINGULˬRPRODUCTrPROVIDES ǠNˬNCIˬLSECURITY Defer taxes.5ˬXESUSUˬLLYGOUP NOTDOWN ŀINKMONEYWORKSLIKEMˬTH ŀEVˬLUEOFMONEYrˬNDPURCHˬS- INGPOWERrCHˬNGESCONSTˬNTLY Focus on rate of return. Consider OTHERǠNˬNCIˬLFˬCTORSINDEBTRE- PˬYMENTORMONEYˬCCUMULˬTION (IVEMONEYˬWˬYUNKNOWINGLY ˬNDUNNECESSˬRILYLearn how to RECˬPTURETˬXESFEESˬNDOTHER ERODINGFˬCTORS 6SETHEIRMONEYONLYONCE &XPLORESTRˬTEGIESTOINCREˬSE BENEǠTSSUCHˬSUSINGEQUITYFOR OTHERPURPOSES (IVEUPCONTROLOFTHEIRMONEY TOǠNˬNCIˬLINSTITUTIONSDon't limit access to money when times GETTOUGH Do it alone. 4EEKPROFESSIONˬL GUIDˬNCEIFYOUSPENDMORETIME PLˬNNINGYOURNEXTVˬCˬTIONTHˬN YOURǠNˬNCIˬLFUTURE For free seminars visit wealthandwisdom.com. 2 1 3 4 5 6 7 8 9 10 Wealth and Wisdom of Wisconsin investment advisor Doni St. Marie's "Top 10 Stupid Things Smart Women Do With Their Money:" of the 62 million wage- earning and salaried women (ages 21 to 64) in the U.S. participate in a retirement plan. –U.S. DEPARTMENT OF LABOR 45 % AMOUNT OF MEN'S EARNINGS THAT WOMEN IN FULL-TIME, YEAR- ROUND JOBS EARNED IN 2012. –U.S. CENSUS BUREAU 81% "I ENCOURAGE MY DAUGHTER TO PAY HERSELF FIRST. BY THIS I MEAN PAYING YOUR 401K PLAN AT WORK. AND THE MINIMUM—IF YOUR EMPLOY- ER HAS A MATCH, YOU MATCH THEIR AMOUNT. IF YOU CAN AFFORD A BIT MORE, THEN DO IT! THE POWER OF STARTING YOUNG WILL PAY OFF WHEN YOU RETIRE." –BRAVA READER BRENDA PULVERMACHER, MAZOMANIE Find more financial ideas from readers and experts at BRAVAmagazine.com. "YOU NEED TO GAIN AND THEN PRESERVE YOUR ABILITY TO MAKE SUFFICIENT MONEY. YOU NEVER WANT MONEY TO BE A FACTOR IN WHY YOU WOULD STAY IN AN UN- HEALTHY RELATIONSHIP OR EVER LIMIT YOUR OPTIONS." –KIM SPONEM, CEO AND PRESIDENT, SUMMIT CREDIT UNION "IF YOU ARE GOING TO SPEND YOUR MONEY, THINK 'DO I NEED THIS OR DO I WANT IT?' YOU HAVE TO ASK YOURSELF HARD QUESTIONS. IF YOU DON'T NEED IT, BRING YOUR MONEY TO STAR AND GET INTEREST." –TAMEAH CLERMONT, 8, MEMBER OF STAR CREDIT UNION, A SAVINGS PROGRAM FOR BOYS & GIRLS CLUB MEMBERS POCKET THIS: MONEY TIPS