.Do You Have a Healthy Emotional Relationship With Money?

Gabrielle Olya Fri, September 3, 2021,

GOBankingRates wants to empower women to take control of their finances. According to the latest stats, women hold $72 billion in private wealth — but fewer women than men consider themselves to be in “good” or “excellent” financial shape. Women are less likely to be investing and are more likely to have debt, and women are still being paid less than men overall.

Our “Financially Savvy Female” column will explore the reasons behind these inequities and provide solutions to change them. We believe financial equality begins with financial literacy, so we’re providing tools and tips for women, by women to take control of their money and help them live a richer life.

In today’s column, we chat with Lindsay Bryan-Podvin, LMSW, financial therapist and author of “The Financial Anxiety Solution,” about how to tell if you have a healthy emotional relationship with money — and what to do if you don’t.

What are some signs that a person does have a healthy emotional relationship with money?

.Opinion: Your Financial Power Of Attorney May Fail You When You Need It Most

Published: Sept. 8, 2021 at 7:44 a.m. ET By CD Moriarty

The legal documents — signed, witnessed and paid for — are being rejected by financial-services companies

Aging is hard. And aging in our legal and financial world can be confusing, even for those without cognitive impairment. More than half of adults in the U.S. have a financial power of attorney. Which is good, but will those legal documents be honored when they are needed? For the 40% of Americans who have done their estate planning, there is no guarantee. The answer is: It depends.

.How and When Is Wealth Management Worth It?

Sam Lipscomb, CEPF® Wed, September 1, 2021

Wealth management services are some of the most high-level and comprehensive financial services that exist. While financial planning services can help with individual financial matters, and asset management services typically deal with investments, wealth management can encompass every part of an individual’s finances from taxes to estate planning, to charitable giving and more. But should you pay for wealth management services?

This will depend on your specific financial situation, so it’s important to make sure that it fits in with your overall financial plan and goals. If you decide you want wealth management, SmartAsset’s free matching tool can help you find a financial advisor.

.9 Ways Following Warren Buffett’s Frugal Habits Can Save You Money

Serah Louis Mon, September 6, 2021,

He might have billions of dollars to his name, but unlike other celebrities and financial gurus, Warren Buffett prefers to live life simply. The Oracle of Omaha won't be found living in a mansion in the Hollywood Hills, collecting a fleet of fancy sports cars or dining daily on foie gras and caviar. The investing icon practices what he preaches when it comes to financial discipline, saving and paying off debt.

Simple living can pay off in the inflationary environment that's emerged during the COVID-19 pandemic. Buffett warned a livestream audience of over 28 million during Berkshire Hathaway's May 1 annual meeting that "substantial inflation" is hitting both retail prices and wholesale prices being charged to businesses.

.The Ultra-Rich Are Saving Their Money Instead of Spending It – Now the Middle Class Is ‘Buried’ In Debt

Ann Logue Sun, September 5, 2021,

It’s easy to roll our eyes at outlandish spending from billionaires – say, buying NFTs or yachts – but their spending is good for the overall economy. Their savings, however, are not so good, according to new findings published in the Chicago Booth Review, which reports that the 1% has “buried” the middle class in debt with their saving habits.

A Harvard study tracking credit card debt resulted in similar findings last June. This time, Amir Sufi, a professor at the University of Chicago, discovered that the top 1 percent of households in the US currently have just as much influence as emerging-market economies in fueling the debt of the bottom 90 percent. Here’s what happens when that money sits in what is essentially “financial storage,” rather than being spent on goods and services.

15 Things That Change Once You Get Rich

1,264,185 views Jun 20, 2017

In this Alux.com video we'll try to answer the following questions:

How does life change when you're rich? How does your life change once you get money?

How much does money impact your life? What to expect when you get rich?

How does you life change when you're a millionaire?

.Do You Have a Healthy Emotional Relationship With Money?

Gabrielle Olya Fri, September 3, 2021,

GOBankingRates wants to empower women to take control of their finances. According to the latest stats, women hold $72 billion in private wealth — but fewer women than men consider themselves to be in “good” or “excellent” financial shape. Women are less likely to be investing and are more likely to have debt, and women are still being paid less than men overall.

Our “Financially Savvy Female” column will explore the reasons behind these inequities and provide solutions to change them. We believe financial equality begins with financial literacy, so we’re providing tools and tips for women, by women to take control of their money and help them live a richer life.

In today’s column, we chat with Lindsay Bryan-Podvin, LMSW, financial therapist and author of “The Financial Anxiety Solution,” about how to tell if you have a healthy emotional relationship with money — and what to do if you don’t.

What are some signs that a person does have a healthy emotional relationship with money?

.How and When Is Wealth Management Worth It?

Sam Lipscomb, CEPF® Wed, September 1, 2021

Wealth management services are some of the most high-level and comprehensive financial services that exist. While financial planning services can help with individual financial matters, and asset management services typically deal with investments, wealth management can encompass every part of an individual’s finances from taxes to estate planning, to charitable giving and more. But should you pay for wealth management services?

This will depend on your specific financial situation, so it’s important to make sure that it fits in with your overall financial plan and goals. If you decide you want wealth management, SmartAsset’s free matching tool can help you find a financial advisor.

.How to Rebuild Your Finances After a Natural Disaster

THE ASSOCIATED PRESS (NerdWallet staff)

September 1, 2021, 7:23 AM EDT Updated on September 1, 2021

(AP) -- Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help.

Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster.

Deal with immediate needs first.

First things first: Contact the Federal Emergency Management Agency to get help via a disaster recovery center by texting your ZIP code and “DRC” to 43362. Texting “Apple” or “Android” to that same number will give you a download link for a mobile app from FEMA with additional resources, such as shelter locations.

Local and state agencies and nongovernmental groups such as the Red Cross can also help; call 211 from any phone or visit 211.org to get information.

.Questions You Should Ask Any Financial Advisor You Might Hire

Aug. 26, 2021 Lindsay Goldwert

One surprising question you should ask any financial advisor you might hire — their answer could be a huge red flag. They often manage your life savings. Be smart about who you hire. Asking the right questions can help you get a financial planner who meets your needs.

Planning your financial life can sometimes be a lot to handle on your own. If you’re paying off your debt, how much should you invest into your Roth IRA? Should you buy a house or keep renting while you build up some liquidity? While not everyone needs a certified financial planner, they can help you get organized and formulate a plan for your money. But how do you know who to trust and whether they’ll be right for what you want to accomplish?