Posts Tagged ‘financial planning’

My mentor, Barbara Stanny says, “Whatever is happening with your money is also showing up in your life”.

Do you believe this?   Open your wallet right now and take a look at how you treat your money.

Is your wallet in good condition with your dollar bills organized and lined up by denomination or is your wallet scruffy, with the dollar bills and old receipts just stuffed into it?

What feelings come up when you think about money?

Are they feelings of joy, gratitude, ease and flow or fear, worry, doubt and embarrassment?

Now think about other areas of your life and notice what’s happening here.

How you do money is how you do everything.

I teach a course called, Secrets of Successful High Earners:  Going to the Next Level in Life where I take women through a five step process to step into their power and take charge of their money and their earnings.  The impact of these teachings goes far beyond money.

Former workshop graduates reported that the most common results of the workshop were – in this order – significant weight loss, better financial habits, more leisure time, improved health, increased optimism, and enhanced relationships.

This is pretty powerful stuff touching all areas of life!  Feeling great about your finances gives you a sense of confidence, clarity, happiness and peace of mind like nothing else.

We all know that money does now buy happiness, but your relationship with money and how you treat it, think about it and what you do with it will determine where you live, where your children go to school, where you vacation and how often, what you eat, what type of health care you receive, how you enjoy “retirement” and what type of legacy you leave when you are gone.

The average American spends more time planning their family vacation than planning for their retirement.  I want to help you create your ideal life, one of health, wealth and happiness.  It starts with getting smart about money.

Creating true prosperity is an art, and over the next few weeks, I will be writing about how to take charge of your finances, get organized, clear the clutter, and how to create, keep and grow your wealth.

Today, I want to introduce you to several very special FREE gifts in the Smart Women’s Prosperity System:

• My 33 page signature Financial Organizer and Planning System ebook which will help you find your stuff, get organized and see where you stand financially.  It’s the same system I used for 20 years with my best clients.  I highly recommend you print this out and use it.
• My Master Class on “Creating Wealth While Doing What You Love” audio and workbook.  This program includes my signature system; The Six Pillars of Awakened Prosperity that helped me retire at 48 financially independent and it will work for you too.

This is what I suggest you do now:

• Click here to pick up your gifts.
• Schedule time immediately to listen to the audio with the workbook printed out.
• Plus make a date to work on your finances using the Financial Organizer Planner.

These products will only be available for free for a short time, so please pick them up now and share them with your friends!  If you have any questions, please feel free to email me at katana@katanaabbott.com

To your prosperity,

 

 

Katana Abbott, CFP, CSA
Founder and Prosperity Coach
Smart Women’s Prosperity Institute

 

I have lots of fabulous new Smart Women Programs, Tools and Tips for you!

Monday:  Watch your inbox for Smart Women Talk Radio ezine with our next guest.  Show airs each Tuesday at 11 am EST on the Contact Radio Network.  On the Run – Subscribe to iTunes and access over 100 Shows!

Thursday:  Smart Women’s Prosperity Video Ezine with tips, articles and events.

FREE Gifts: www.HowToCreateProsperity.com  Just enter name and email now and receive:

• 33 Page Financial Organizer Planning System eBook
• One Hour MP3 training on my Signature Six Pillars of Awakened Prosperity System
• 18 Page Transcript and Workbook to follow along with the training

No strings attached…just my way of helping you Create Wealth and Make a Difference While Living the Life You Love!

Just visit www.HowToCreateProsperity.com to receive all of this for free and become part of our free community of Smart Women!  Big hugs…

Katana Abbott, CFP, CSA
Founder and Prosperity Coach
Smart Women’s Prosperity Institute

Want to see if working one on one with me would make sense?  Click here to schedule time to chat and complete the online application!

Interest rates are at an all time low.  My husband and I are in the process of refinancing our home from a 30 year mortgage to a 15 year mortgage, and the payment will just be slightly more than we were paying before. 

Our situation: We are actually combining our current 30 year mortgage and 30 year home equity line that were at 5.75% and 6.125% to a new combined mortgage at 4.25% 15 year amortization. 

Coming up with cash:  Our biggest fear was that we would have to come up with cash to make this happen because home values are so low.  If our house does not appraise high enough, we will need to put cash down to reduce the size of the mortgage.  The good news is if we do put down the cash (about $50,000, our payment will be less than we are paying now and we will save hundreds of thousands by paying off in 15 years rather than 30 years.

Comparable appraisals:  Many of the houses on the lake are very unique.  Ours is two cottages joined together into one house…then several additions…lots of landscaping and then waterfront on the lake and on the river.  Finding a comparable house on the lake may be difficult.  Our mortgage broker seems to think that our house will appraise high enough that we won’t need to come up with the cash.  It seems that there have been several home sales on the lake at favorable market rates.  All of this needs to be considered when making a decision to refinance.

What about closing costs?  When there are closing costs, you will need to compare those up front costs to how long it will take for you to break even.  In addition, if you have refinanced in the last few years and paid closing costs, you will want to bring those into this calculation.  In our case, there were no closing costs, so the decision was simple. 

Consolidating other debt:  I mentioned that we are combining a home equity line and our mortgage.  The home equity line was for a major home addition and a lot up north.  I don’t suggest refinancing your unsecured credit card debt into your mortgage especially if this could jeopardize your current financial situtation.  Consult with your tax advisor on this as well.

Is this a good time for you to refinance?  Do the math and see if it makes sense.   Again, consider having a discussin with a financial professional will be your best bet.  Good luck and feel free to share your experiences or ask your questions here.