Talk to Me, Talk to You, Talk!

Family Legacy in Financial Wellness…

So, now we are heading into the holiday season.  It is the time…the time when families gather for Thanksgiving and more, but do they really talk?  You may all gather around the table, you may all eat together, and you may argue, but do you really talk?

Everyone I know is craving “real” conversations.  And, if you are beginning to build a Family Legacy in Financial Wellness, this is a real conversation.  So begin it…

Talk to the family and friends you are thinking of including in your Legacy plan.  Make sure that they are really the people you want to build your future with and to build your after life Legacy with.  You do not have to discuss the Legacy per se, but you do have to begin conversations with them.  Otherwise, you are living in a fantasy world of what you think they are and why they are to be a part of your Legacy.  Make sure that their values and ethics match yours or you may be in your heavenly home some day looking down and asking yourself “What in heaven’s name have I done.  This is so wrong!”  But then it is too late.

So, begin to have conversations.  Be deliberate and begin.  People change, and over the years you may have changed and for certain others have changed too.  Talk.  You will not be sorry no matter how it turns out.

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

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LinkedIn:  Janice Marie Litterst

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Email/Phone:  janicelitterst@gmail.com     440-670-2252

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What are Your Values, Code of Ethics, and more…

Without values and ethics, there is emptiness…


FAMILY LEGACY OF FINANCIAL WELLNESS:

What do you want from those you work with, socialize with, and more?  Does it matter that they are honest, they have integrity, and they care sincerely about you?  Are you comfortable that all of your family members are on the same playing field with you?

There is so much involved in a discussion on values and ethics, and it must start with you and those closest to you.  This week is the start of the holiday season with Thanksgiving.  And for many that signals angst.  I hope not for you.  But, before someone else causes you to have anxiety, panic attacks, and more, take a few quiet moments–find them, I am sure you can!  In those moments, think seriously about what your values and ethics are.  Then, begin to think about those who are most important to you.  

As you prepare a foundation for a legacy of any sort, especially one for financial wellness for your family and others close to you, know what you are all about.

And then, when you do begin to work on your financial wellness legacy, let the following Code of Ethics from a professional group guide you with the financial professionals you choose to work with:

A professional must:

  1.  Act with honesty, integrity, competence and diligence.
  2. Act in the client’s best interest.
  3. Exercise due care.
  4. Avoid or disclose and manage conflicts of interest.
  5. Maintain the confidentiality and protect the privacy of client information.
  6. Act in a manner that reflects positively on the financial planning profession.

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

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LinkedIn:  Janice Marie Litterst

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Email/Phone:  janicelitterst@gmail.com     440-670-2252

A Weekend Thought: I Must Unify to be a Part of the Unified Universe, Unity

In the eyes of the Universe, we are all one always

We are all connected.  But the Universe is playful, isn’t it?

The energy of the Universe is youthful

Spontaneous and joyful just as we are at our birth!We all have an evolutionary story

Written one day at a time

We take a lifetime to evolve

The Universe is playful isn’t it?

And then we take a lifetime to strip away the “story”

Strip away the labels

Stripped bare to once again become spontaneous and joyful

The Universe is playful, isn’t it?

The stripping away leaves the truly Conscious me…

Aware

Aware of how my mind, body and Spirit interact

The Universe is playful, isn’t it?

Awareness leads to Transformation

Only through Awareness can I change

Awareness and Transformation lead to being joyful

The Universe is playful, isn’t it?

Until now, my focus had been external, on SURVIVAL

Now, consciousness turns the focus to internal, on THRIVING

It is time to unite the internal and the external

Then life begins to flow, to be expansive, to be light and liberating 

I now have power–the power to heal and be healed.

Now, the symptoms of separation–fear, judgment, self defense–disappear

And the symptoms of WHOLENESS begin to appear–open, accepting, resilience, and love .

The LIMITED ME discovers my INNER SOURCE OF ENERGY and becomes UNLIMITED ME

My energy uncovers my uniqueness.  I begin to move from surviving to thriving supported by the cosmic energy and intelligence of the Universe.  I am designed from birth to thrive.  My separate worlds become whole just like the wholeness of a newborn.  But now, older, we see our wholeness, and our wholeness keeps us young.  The Universe has always accepted us, but now I accept me in all of my wholeness.  It is my uniqueness that makes me complete.  

Now, I am one with the Universe–I am thriving.  Follow me and let’s thrive together.  I now feel united with the Universe for

I AM NOW THE UNIVERSE.  It only took my whole life, I now experience UNITY

The UNIVERSE IS PLAYFUL, ISN’T IT?

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Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: Paycheck? Frugality? Please!

Yesterday we began the conversation living without a paycheck.  I want to include a list that you can save as you do your Legacy planning.  This list will give you an idea of what you should be looking at as you plan this future desire of having a paycheck when you stop working:

  • Social Security
  • Home and Mortgage
  • Insurance
  • Retirement Plans
  • Savings and Investments
  • Debt
  • Fraud

One of the biggest issues with those who are retired is that they feel constrained in how much they think they can spend every day, every week, every month.  Seniors especially worry too much about preserving their money.  They are in effect self insuring against “what might happen”.  As a financial planner professional, I worked with clients on the following plan:

  • Account for all assets
  • Develop a monthly spending plan for retirement when they are retired
  • Create the most conservative longevity factor with the client to the point that they think it is laughable they could live to that number
  • Calculate the monthly allowance they can have and
  • Determine their “spending money”

The amount of money they allow to have in their pocket, their wallet, their purse is an empowering number which they probably will not spend, but it makes them feel good.

When you think about your Legacy and your future without a paycheck, go through the above steps.  Find the right Financial Professional to work through this further as you approach the time of a Required Minimum Distribution (RMD) and more.  But the real reward in the Legacy planning comes as you begin to practice living the Legacy and feel good at what you are doing, including spending your money to bring you joy!

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

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LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: Preparing the Legacy…Retirement

Let’s 

Let’s  touch on a  subject that sometimes causes breathing to stop when planning a Legacy:  Retirement!  And there is only one way to talk about retirement–in a take charge way.  It can be different for each of us as you may work full-time for a company, you may be a stay-at-home parent or caretaker, or you may be a part-time worker or are self-employed.

But, in planing a Legacy, Retirement needs some attention.  So INHALE the Future and EXHALE the past for life is about to change at least in your reality and fantasy world of planning.

AND, if you are a late saver, identify your goals.  Think realistically about what you would like to have your RETIREMENT look like.  Pay off a mortgage, if you have one and can pay it off.  Look at the amount of time you have to fund your goal realistically.  Prioritize your goals and get to work.  Once again INHALE the Future and EXHALE the past.

Planning a Legacy can help you get Retirement under control in your mind. Remember, one of the biggest obstacles for those retiring is to imagine what it is like to live without a paycheck.  Uncertainty will strike.  There are ways to recreate a paycheck in retirement:  Social Security maximization, annuitize pensions, and more.  Talking with the right financial professional can help you get through this obstacle.  

For Legacy purposes, take the time to plan this future part of your life…it needs to be considered before the Legacy is putout paper.

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

Facebook:  Empower Excellence “It’s Your Money” LIVE and More

LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: December: “Divorce” Month

Whether for Taxes, the Holidays…

The month of December sees many couples smiling through divorces.  But this year, with the elimination of the deduction for alimony, 2019 is a year to be avoided.  Get it done this year!  It will also become tax free to the recipient.  This is not a treatise to praise or condemn this action.  It is how divorce becomes a part of Legacy planning.  It is not a pretty or fun topic, but it does require strength to begin, and finish, the process.

There is a new term out there, “gray” divorce meaning that the parties are over 50.  The rate of gray divorces has doubled since the beginning of this century; and over 65, the rate has tripled.  Dividing assets in these age groups is more cumbersome because there are usually more assets, more children, more families, and just MORE.  

The financial assets are also more important inasmuch as there are many retirement vehicles to consider.  Spousal support is the prime contender for disputes followed by retirement savings and pensions.  It is a very vulnerable time to take assets away from each other.  And then the government is ready to take their portion as well.  If you are contemplating or involved in a divorce and you are “gray”, make sure that you have a good team surrounding you to five advice in addition to your family law attorney.  Have an estate planning attorney, your financial professionals including a good CPA representing each of you.  

All of this is important if you are planning a Legacy.  If you are not in a marriage, you are not in a long term relationship,  be aware of these considerations as you plan a Legacy and provide alternatives if this does develop in your future.  A Legacy plan should be flexible to allow changes to be made and to ascertain what you are planning will be able to be flexible in the future.

All that may be important is at stake throughout a divorce:  emotional, mental, material, and more.  And that can include “the house”.  Take your time to decide what is really important.  That is a simple, trite phrase, but really I have seen partners almost come to crime over “the house”.  Take your time.

But the Legacy has to also look at “the house”, healthcare, estate planning, and more.  Form your team to get you through and keep your sanity as well as smiling.  Keep in mind that the cost and stress of a divorce can be reduced by avoiding the adversarial attorneys.  One solution to this is a divorce mediator.  I have worked with several wonderful folks in this capacity.  They “mediate”  through the divorce agreement and also through collaborative divorces.  This is designed to be non adversarial; but if an agreement cannot be reached in this way you are back to square one.  There are many requirements to understand before you commit to any particular way.

In the end, keep divorce in mind as you plan your Legacy.  Just be sure that you are prepared for the unexpected and remain flexible.

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

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LinkedIn:  Janice Marie Litterst

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Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: Simplify a Legacy

Timing

In plain black & white, Isn’t it time to really define your legacy?

Oh yes, there is some work, but start to “think” about it first.

STEP I:  Think

And then, you might have to stop and “breathe.

STEP II:  Breathe

Thinking is hard, but only think about how you want to be remembered.

STEP III:  Choose Your “Legacy”

There is that word “Legacy”.  Isn’t it time that you were selfish enough to think about what it is you represent to those you love and who love you?  It is selfish, but it is ok.  Talk about it with them.

STEP IV:  Talk with your loved ones.

You can choose to share a Legacy while still alive or after you transition.

STEP V:  Dead or Alive!

ISN’T IT TIME?

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

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LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: Define YOUR Legacy

You Will Get...Help Others Get

Good Morning!  I try to greet folks when I see them for the first time in any day.  I get a feeling of gratitude when I say it because I can say it!  Each time I say it, it makes me feel a little bit better.  But I also know that others feel good when they are acknowledged in a positive way, and they may very well go on to share a greeting with the folks they encounter during their day.  It really is a win-win situation.  I get what I am looking for, grace, gratitude, and a little bit of love while I hope others get the same from me!

The Universe has been good to me for a long time, but I always get the nod of acknowledgement from the Universe when I have begun to talk about the programs I offer through Empower Excellence, LLC.  Recently, after I have begun to verbally share with all the Family Legacy for Financial Wellness program for 2019, the word “Legacy” keeps appearing.  Yes, I know that this is a reticular activation phenomena, but it is more than that.  The Universe sends me gifts that surround “Legacy” in ways that I can never anticipate.  This weekend the first ever Open Mic Poetry Gathering I attended announced the week before that the theme was “Legacy”.  OK, but it was also the message that I should participate as I meet this new group of folks.  I did, and it was a success.  

About a month ago, after beginning to follow Garrett Gunderson and his Wealth Factory program over the summer, I was invited to a series of three webinars.  Topics were not announced as far as I know.  I attended the first in the “Win Then Play” series , and I attended the second.  But the third was all about Defining Your Legacy.  Ok, this was fantastic.  It reinforced for me what I am doing.  I was hooked on Garrett and my concept on Family Legacy in Financial Wellness.  I was amazed, as I always am with the Universe, that this validation was coming to me in such a strong manner.

So, before I formally announce the Family Legacy in Financial Wellness program in the coming weeks, let’s continue to share a little more about what this is all about.  How do YOU define YOUR Legacy?  

It will be different for each person reading this.  A “Legacy” is personal.  It is a way to combine your reality–money is a part, but only a part–with your fantasy, your dreams for yourself, your family members, and others.  It is the mark you leave on the world.  Do not shut down on this saying you have “nothing” to leave.  Oh, yes, you do!  This may be the hardest part of the “Family Legacy in Financial Wellness”:  acknowledging that you have plenty to leave as your mark.  You just need to find the time, make the time, to make YOU important enough to think this through.

Start with defining a “DREAM” for YOU.  I can hear the outbursts now as I write this.  “I do not have a dream”.  It could be followed by how your life sucks, and how you wish you were dead.  But, Stop, really stop, and begin again.  It is time to define YOU.  That is it for today.

DEFINE YOU, with one qualifier  Only in Positive terms!

See you tomorrow…

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

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LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: The Legacy

Honesty

It is easy to dance with fantasy…

Much harder to be intimate with reality…

It is only when creating a legacy…

NOW I can really see…

The Legacy combines the reality & the fantasy…

Into the real living me!

 

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

Facebook:  Empower Excellence “It’s Your Money” LIVE and More

LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:  janicelitterst@gmail.com     440-670-2252

Make Money Simple: Uncover Core Beliefs to Energize & Create a Legacy!

Simplicity Energy Goes Flows

On our way this week to begin to create a Family Legacy of Financial Wellness, we have been touching on many core points.  Today, I would like to share with you some thoughts on CORE BELIEFS!

Whether you really pay attention to them, you do have CORE BELIEFS.  In fact, you have internal and external CORE BELIEFS.  On the external side, all of us have many different personas or guises that we portray.  It is what we show the outside world.  On the internal side, the CORE BELIEFS we have are really truer.  It is what we believe ourselves to be and to live by.  External are conscious and internal are unconscious.  I think it is true to say that many times, unless we examine them in a very conscious mode, the CORE BELIEFS internally often go unchecked.  When we do examine them, it can be after a conscious period of quiet, such as meditation.  It is at these times that we may have an “AHA” moment that leads us to question our internal, and possibly external, CORE BELIEFS.  It can lead to change, and it can be energizing.  

As we continue  the path of creating a Family Legacy of Financial Wellness, take the time this weekend to look at your CORE BELIEFS especially as they pertain to MONEY…I think you will find that these BELIEFS really do have an effect on your life.  Is it good or is it bad?  Only you will know, and only you can change them.

http://www.empowerexcellencewithjan.com

Facebook:  Empower Excellence  “financialwellnessforall”

Facebook:  Empower Excellence “It’s Your Money” LIVE and More

LinkedIn:  Janice Marie Litterst

Twitter:  @empowerwithjan

Email/Phone:  janicelitterst@gmail.com     440-670-2252