by Katana Abbott | Business & Marketing, Business Mindset, Smart Money Tip Videos, Smart Women Tips
The downside most business owners face is not being able to take a break. When working with a business owner, these are the questions I frequently ask:
- How confident are you about leaving your business for a few days, a week, a month?
- Do you end up glued to your computer or smart phone when you take a family vacation?
- What would it be like if your business could literally run without you?
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by Katana Abbott | Contributing Expert, Money & Finances, Retirement, Smart Money Tip Videos, Smart Women Tips
Almost 20 years ago when my mother married my step-father, they came to me for estate and financial planning. My parents created their own trusts and set-up some assets in joint accounts. To simplify things, they consolidated all financial assets into a brokerage account with American Express Financial Advisors, and I was their financial planner.
Everything was perfect, right? Well almost. (more…)
by admin | Money & Finances, Money Mindset, Smart Money Tip Videos, Smart Women Tips
It’s hard to believe that my husband, Mark, and I just celebrated our 32nd anniversary this month. I am truly blessed to have such a wonderful relationship with my husband. He’s not only my partner, but he’s also my best friend and loudest cheerleader. Our marriage has always been strong, but I confess that I wish I had known then what I know now … especially regarding money psychology or money personality.
According to a survey by SunTrust Bank, money is the leading cause of stress in relationships. Although divorce rates are falling, nearly 40% of all marriages are dissolved before a couple reaches their ten-year anniversary. Again, money is the primary culprit. I realize no one enters a marriage with the anticipation of ending it, but there are ways to safeguard your union. (more…)
by Katana Abbott | Money & Finances, Money Mindset, Smart Money Tip Videos, Smart Women Tips
I attended a fabulous retreat in Baltimore with one of my mentors, Barbara Stanny, a few years ago. The retreat on Sacred Success was for women who had reached affluence and were looking to make a difference in the world. When I called the retreat center to ask how to get from the airport to the retreat center, they gave me two options: take a cab for $120 round trip or use the light rail for $3.20 round trip.
Being from the Midwest where public transportation is sparse, I never use it. Mulling over my options, I began to think I would just take a cab. After all, I had invested thousands of dollars on this retreat, and besides, I could afford it. Right? (more…)
by Katana Abbott | Caregivers & Legacy, Money & Finances, Money Mindset, Smart Money Tip Videos, Smart Women Tips
Watching our parents age is not always easy. We all dread the idea of that “call in the night” – the one that means we must step into the Designated Caregiver™ role to manage our parents’ lives and make tough decisions about their care, finances, and welfare. (more…)
by Katana Abbott | Money & Finances, Money Mindset, Retirement, Smart Money Tip Videos, Smart Women Tips
My nail technician, Kahi, is an entrepreneur and an extremely smart money guy. One day, Kahi and I discussed how hard it is for many people to save money, so they end up living paycheck-to-paycheck and having to put expenses on credit cards.
Kahi and his wife love to travel, but they also don’t want to be in debt because of it. I asked Kahi how he can have the best of both worlds – travel with no debt. (more…)