Overcoming Ourselves to Achieve Financial Independence By Barbara Bry, Vistage 687
When striving for financial independence, what gets in our way? Do different things get in the way of women than men? How do women entrepreneurs, executives and business owners rationalize the various meanings of money?
The Sunday Challenger By: Mackey McNeill January 15, 2005
Interviewing a financial advisor is a dance of trust.The audible conversation begins with chit chat.You ask questions; he or she offers their credentials; you converse about common friends and acquaintances.Meanwhile, there is another conversation going on in your head between you and your risk manager.It is asking “Can I trust this person?” and you are replying “yes” or “no”.
The Sunday Challenger By: Mackey McNeill December 13, 2005
“A car isn’t a good investment.This one will do just fine.”
This wise and wealthy man’s final reply sums up the difference in perspective between most of the wealthy and the not-so-wealthy people I have known.The wealthy and wise look at their cash flow, and consider how they can use it for the accumulation of more assets, which in turn seeds more cash flow.The not-so-wealthy often look at their cash flow to determine how many more monthly payments they can squeeze into their paycheck.Consequently, they are forever on the treadmill called “work.”
The Sunday Challenger By: Mackey McNeill November 13, 2005
One common goal most of us share is that one day we would like to have sufficient resources so that we never again have to work for money.We might still choose to work, but it would be by choice, not by necessity.This point in time is known as “financial independence.”
The Sunday Challenger By: Mackey McNeill September 5, 2005
The idea that one "retires" is a relatively new concept. In fact, the first country to develop and administer a program of "social security" was Germany during the Great Depression. The motive was to get older workers out of the labor force and put younger workers in, as a way to pull the country out of the Depression. It worked so well in Germany that in 1935, the United States under President Franklin D. Roosevelt followed suit, and Social Security was born.
Reconsider Debt
The Sunday Challenger By: Mackey McNeill August 7, 2005
There once was a time when we all had a piggy bank.It came in the form of ceramic for kids, and in the form of a savings account for an adult.You want something?Save for it.In more recent times, lending institutions have made it very easy to get something called “credit.” “Don’t put off what you want.Get it now, and pay for it in the future.”Debt became a way to purchase a home or buy a business that otherwise would have been unattainable.Still, being debt free was a common goal.If you used credit to get started, you paid off the debt as quickly as possible.
The Sunday Challenger By: Mackey McNeill July 3, 2005
Annuities are the most misunderstood product in the world of finance. In my office, rarely does a month go by that a client, or potential client, does not sit across from me and express their confusion about an annuity account.
The Sunday Challenger By: Mackey McNeill June 5, 2005
By our very nature, we are emotional creatures. Yes, even you guys get emotional! If you are not convinced, watch a close scoring football game, or better yet, a high school lacrosse match.
The Sunday Challenger By: Mackey McNeill May 15, 2005
On the surface, money is an objective subject. Compound interest is algebra. Balancing your checkbook is simple math. The three-year annualized return of an investment is computed using the geometric mean. already it seems pretty involved.
Maybe you need a hand painting your house, so you ask your handy friend a favor. You know she's been dying for a massage; you hit up your licensed massage therapist friend and promise him a supply of the tomatoes ripening in your backyard.
There are only three parties involved in this particular bartering system, but already it seems pretty involved.
The Sunday Challenger By: Mackey McNeill April 10, 2005
Most of what is written about women and money focuses on the disadvantages and bigger challenges that women face. The truth is women have significantly greater challenges in the area of money. These challenges spring primarily from lifestyle differences in men and women.
The Sunday Challenger By: Mackey McNeill March 27, 2005
Most people spend more time planning for vacation than they do their financial lives. And while women have more challenging financial planning needs, when it comes to procrastinating, they are no different than men.
Mackey McNeill is known as the proseprity adviser. She is founder of one of the largest women-owned businesses in the Tristate - The Advisory Team financial services firm in Covington. McNeill is a certified public accountant, registered investment adviser, consultant and author of the book "The Intersection of Joy and Money."
McNeill has spent the past 25 years in the financial services and investment arenas. When it comes to the topic of how women relate to investing, McNeill agreed to share her insight with Women's Business Cincinnati readers.
The Sunday Challenger By: Mackey McNeill February 6, 2005
The New Year is a natural time for making resolutions. For women, diet and exercise resolutions top the list, followed by something about your money life, such as a new purchase, more savings or understanding your investments. All too often you soon find your determination slipping from your grasp and your resolutions become empty words on a piece of paper.
Perhaps the ABBA song "Money, Money, Money" had it right - there's one element that often grabs center stage in life. Some of us save it, some of us share it. Most of us would like to know how to handle it better.
