Secrets to Financial Happiness - Professional Development an… · Secrets to Financial Happiness....

VALERIE JOHNSON

C E O

H A B I T A T F O R H U M A N I T Y O F D A N E C O U N T Y

Secrets to Financial Happiness

Who is Valerie?

Money Can’t Buy Happiness

Unhappy Easier

Both

Eat

10k or $7,700?

Roadmap to Happiness & Today

How to Get Money

How to Keep Money

When it Doesn’t Matter

How to Get Money

Be Different:

Demograhic

Geographic

Certification

Language

Degree

Style

How to Get Money:Earn Max at Start

Start High

Research: payscale.com; glassdoor.com; salary.com

Start Large

Negotiate

Practice!

How to Get Money: Earn Max

Exercise: “My research found people in this type of position here inMadison are making 60 to 70: would you consider 65?”

How to Get Money: Earn Max

Exercise: THEN SAY NOTHING. Make them go next.

Answer: yes, no, maybe.

How to Get Money: Earn Max

Raises: 5%=170

Same as new job negotiation

Switch jobs

Practice!

How to Get Money: Other Ways

Investments. Be Active

What do you know? Cows, Real Estate, Ebay, Gambling, Writing

DIY: Home Repair, Nails, Framing Pictures

Second job: 2 benefits

How to Keep Money

Invest w/help

Courtesy – not!

ID protection

Bankrate.com

Consolidate investments

Consider Taxes

How to Keep Money

KISS

Consolidate and Diversify

Review 1-4x/yr

QuickBooks or Aunt Barbara

Coupons?

How to Keep Money

Budget your needs,

not haves

Track it

Multiple saving goals

Remember PCA? The

best credit!

Balance fun/security

How to Keep Money (debt)

Own, don’t rent Tax free interest, property tax

Capital gains, not income tax, on gains

Hire lawn, snow, repairs.

Val’s Law: no 2nd car loans

No credit card debt. Ever.

Home Equity/HELOC

How to Keep Money: Plan

Credit card and loan

calculators

Retirement vs paydown

house vs stock?

2-4 appts/yr to rebalance

Net worth statement

Prevent Problems

Prenups protect you both

No stressful $250x2/hr fights

If inheriting or gifts, should your kids or his next wife get your $?

Prevent Problems, cont

Remember Uncle Sam

Be poor. Who flexes, has living needs?

Heirlooms. China Mom gave in HS? Grandma’s table? It’s on Loan!

Keep Asset List Now

It’s about the ring!

Take Care of Yourself First

Do you fund your parent’s 401(k)?

Roth IRA can flex to fund both

You can pay down kids debt later

How to Pass Money: 529

Make another plan

Doesn’t end at HS grad

Skin in the game

Siblings can use

Whose in charge? Allowance (3)

What Matters Most

Exercise: Make a net worth statement or at least a list of assets this weekend. Put on your calendar; print and take to office.

When Money Doesn’t Matter

Object of the Game: win

Feel good about you & what you do

Keep enough for needs

Keep some for wants

When Money Doesn’t Matter

4 Ground Rules. First:

1. You are who you say who you are

Don’t be a victim

Ask your father

Tell him what you want for dinner

Remind him to pick up the Girl Scout cookies

When Money Doesn’t Matter

4 Ground Rules-Second:

One size doesn't fit all

Divine Discontent

125 vs 200

Be happy w/your prize

When Money Doesn’t Matter

4 Ground Rules. Third:

Women have stronger urge for relationships

Service Industry

Don’t take business personally

Hire people you don’t like

When Money Doesn’t Matter

4 Ground Rules. Fourth:

You’re a:

Daughter

Wife

Mistress

Mom

Manage that and call it out

Start with the End

Start with the End

Start with the End

What Matters Most

Exercise: Is Your Money Where Your Mouth is?

Be Happy and Wealthy

Don’t delegate your awareness

Don’t count on anyone else

Don’t be shy – ask and share. CUNA Survey. Repeat.

Get an advisor. Repeat.

Enjoy the independence journey!

VALERIE JOHNSONC E O

H A B I T A T F O R H U M A N I T Y D A N E C O

Be Happy and Wealthy!