This is part of a sponsored collaboration with Prudential and DiMe Media. However, all opinions expressed are my own.
I was honored to be invited by DiMe who partnered with Prudential Financial for this important initiative. I was expecting to leave motivated and inspired, but the event exceeded my expectations!
I will share some of most important points for me and highlights that totally changed the way I view and handle money.
Understanding Your Value
How can you measure the value of all you do?
Just think about how many unpaid jobs you work just to take care of your family–Cook? Drive? Tutor? Housekeeper? Family accountant? It might take more than eight people to replace you as the multitasking home CEO. If you want to know the dollar value of the time you spend every week, click here to find out:
Planning For The Future
How to pay for college without sacrificing your retirement?
Which comes first – paying for college or saving for retirement? This is a daunting question for us as well as most of our friends. Some think college should take priority, while the others want to consider retiring overseas for a fun and peaceful life. However, those who prefer saving up for their retirement life, often find themselves engrossed in the IRA investment industry. This is not only true for those who earn in dollars but also for individuals from other parts of the world. By having an IRA (individual retirement account), which is a tax-advantaged investment account, individuals can save for their retirement. Additionally, they can invest in stocks, bonds and other assets like gold and silver (those curious to learn more about investing in precious metals, can search for Gold and Silver IRA Company Reviews on the internet) to increase their money. However, how the account balance grows over time depends on how the individual invests and how much he/she contributes to the IRA.
Anyway, if you are still torn between college savings and retirement plans, then here’s a quiz that can provide you with clues on how to pay for college without jeopardizing your retirement savings:
Interactive tools to help guide you through your financial life
It’s difficult for anyone to know how to begin the process of an overall financial plan. I know I’ve been walking in fear and not really moving forward, afraid that I don’t have anything extra to contribute, let alone to leave as an inheritance! Honestly, where do you go first when trying to develop a retirement strategy, evaluate your insurance needs or take steps to expand or in my case, start your investment portfolio? Here is an entire group of interactive tools to help you discover your own path:
What’s the value of a financial professional – Do I actually need one?
There are so many of us who live in the moment rather than thinking about the future. Some of our self talk includes: “I’m not going to grow old.” “Why not spend the money I earn?” “I deserve to pamper myself.” – that’s my favorite one!
That’s all well and good, until you want to buy a home, start a family or build a new business. Do you have any idea how to fund these ventures? Do you know who the best stock brokers uk are? Have you ever heard of a passive income before? Check out this video:
What You should know
Keep track of your financial history to avoid future problems
Your credit report and FICO score tell only part of the story. Do you pay your mortgage or rent on time? Are your medical bills lingering? Many people aren’t aware of where their financial history stands until they attempt to buy a home, take out a business loan or make a major purchase. Don’t let your financial history stand in the way of your future endeavors. Also, make sure to keep an eye on your credit score. This can be done by using the services offered by Credit Sesame. Maybe some people might like to read a credit sesame review beforehand. Hopefully, this will encourage more people to find out their credit score. Finances are so important, so it’s vital that people keep a close eye on theirs. Here are some rules of thumb to follow:
What You Should Do
How to build an emergency fund
Emergencies, accidents, and unforeseen events happen when we least expected, from health or dental expenses to sudden but necessary car and home repairs. An emergency fund serves as a safety net for those rough times. I’ve learned the hard way when we had the plumbing malfunctioning and the repairs cost $2,000,00. It was time for us to build an emergency fund. Every month I contribute to it, no matter what expenses we have.
Here are a few tips on how to balance paying the bills and saving:
What I did not know
Hispanic Americans’ attitudes about retirement
Fear of debt and a poor understanding of workplace-based retirement plans are just two out of six reasons why Hispanic Americans may shy away from retirement plans. Get the stats from “Top 6 reasons for not contributing to workplace-related retirement plans,” an info-graphic from a 2014 study from Prudential. #WomenInspired
Now that you’ve learned some of the wealth of information shared at the event. I wanted to share my own highlights and key points that made this one of the most important events for me as a Latina and Business Owner!
Here is a short video of my experience and some snippets of the speakers.
The event began with sisterhood at its best with the Dime Team.
I found this sign which spoke to my heart, because YES, I own my own legacy!
I had the privilege to meet the amazing Mari (see last name) and briefly chat, learning all about her current plans and unbelievable media background.
The event embodied the true sisterhood and how Latinas and women need to form an alliance to grow and empower each other! I wanted to thank DiMe for inviting me to this amazing event and Prudential for gathering and providing such an amazing body of talented women to share their stories and knowledge with us!
I want to encourage you to join me and take control of your financial future in all aspects of your life! Let’s all join the #WomenInspired Movement and help other women and Latinas to grow, get a better life by learning their rights and taking the right steps on the road to a financial future that defies the current statistics for Hispanics!
Above all, the event inspired me to dare to dream and put into perspective that I can and will move forward towards my financial goals, now that I have the right advice and tools! It was a game changer for me!
What do you think? Is something holding you back? Do you think like I did, that you could not save, do not have/make enough to plan?
Can’t wait to hear your thoughts, as usual, give us a Trendy Shout!