Blog

What the Hell is Robo-Investing? And Why Should I Care?

Written by Barbara Huson

In the beginning, I was skeptical…very skeptical. Now I’m a raging fan.

Robo-Investing is the best thing to happen for investors since index funds were invented.

In Robo-Investing, a computer—not a person—creates and manages a portfolio of index funds and ETFs. What are advantages for you, the investor?

The price is right. Fees are very low (0.15% to 0.50% compared to 1%-2% for human advisors). Plus there’s either no, or a very low, minimum required to open an account.

It’s easy to start. You fill out a short questionnaire to assess your situation, goals and risk tolerance, then choose among suggested portfolios based on your answers. That’s it…you’re ready to invest.

Great customer service, at no extra charge. Offerings include automatic rebalancing so your portfolio doesn’t get out of whack; tax harvesting to offset capital gains; retirement planning; and a variety of educational classes.

Compare Robo-Investing to traditional advisors or managed funds, which require much higher minimums, charge much higher fees, yet consistently underperform indexing (often called passive investing) over time.

No wonder Robo-Investing has experienced explosive growth since it started in 2008.

Interested? Here are my recommendations. Check them out.

Have you tried Robo-Investing? Share your experience.

The Secret to Financial Miracles (for proof it works, read till the very end)

Written by Barbara Huson

(This was inspired by a discussion last week, in my online community, The Wealth Connection. I listened with awe to women who put this principle into practice and reported miraculous changes.)

You want to create financial miracles? Let me tell you how.

The secret is deceptively simple, incredibly powerful, yet can be so uncomfortable, many won’t want to do it.

But if you’re willing to try, and you’re consistent in your efforts, you’ll experience significant change, often within a very short time.

The secret is this: Stop telling your old story.

Stop talking about your life as it’s been: your flaws, your fears, your sorrows and distress. And start talking about the life you desire to create: who you want to be, what you want to do, how you want to feel, as if it’s already true.

“What you share you strengthen,” A Course in Miracles explains.

Read More

If You’re in Transition, Read This!!!

Written by Barbara Huson

She had just separated from her husband, moved to a new town and was trying to restart the coaching business she’d put on hold.

Yet she kept procrastinating doing the things she needed to do.

“I feel stuck,” she sighed. “Like I hit a brick wall.”

“You’re not stuck,” I told her. “You’re in transition. And transitions are a bitch.”

I spoke from experience. I remember, back in the 80’s, when I moved to San Francisco, a dream come true. But as soon as I settled in, I sank into a confusing funk. This wasn’t what I expected.

That’s when I read Transitions: Making sense of Life’s Changes by Bill Bridges and understood what was happening. A transition is a gradual psychological process of reorienting to the new situation.

Primitive societies had rituals to give meaning to life’s transitions. Members were taken out of their villages, into the wilderness, where they didn’t know what was going to happen next.

“Every time we make a change,” Bridges writes, “We take a metaphorical journey into the wilderness.”

The wilderness is full of uncertainty, indecision, confusion, disorientation, vacillation–all a vital part of the reorientation process.

The ‘in-between’ period is not a time to commit. Or take decisive action. Or even make plans.

It is a time to feel our feelings, grieve our losses, practice self-care and, like the primitives, commune with our spirit guides.

We need to unhook from the past before we can create a new future.

“The more you can tolerate, even embrace, uncertainty,” I told my client, “the quicker you will get through it.”

Eventually, I assured her, your energy will return. Opportunities will appear. Loose ends will come together. Out of the chaos of uncertainty, new beginnings will inevitably emerge.

How have you successfully navigated transitions in your life? Leave me a comment below.

The Secret to $uccess No One Ever Talks About

Written by Barbara Huson

I was mystified. It was 1994. I’d begun researching my first book, Prince Charming Isn’t Coming, by interviewing women who worked in the financial industry—investment advisors, mortgage brokers, bankers, etc.

After all, I assumed, financial professionals were the perfect candidates to illustrate the book’s theme: how women went from being ignorant to smart about money.

Believe me, I never expected how many would tell me: “I do this for a living, but my own finances are a mess!”

How could that be?? Decades later I discovered the reason.  In a word, Self-Efficacy, or rather the lack of it.

Self-efficacy—a psychological concept developed by the Stanford psychologist Albert Bandera—is the belief that I can do whatever I decide to do, trusting I’ll succeed no matter what.

It’s the difference between knowing what to do and actually doing it, between being highly competent and feeling truly confident.

Read More

Has It Clicked Yet?

Written by Barbara Huson

I call it the Click. It’s that ‘aha’ moment when you recognize, with every fiber of your being, that you deserve to earn more for no other reason than you’re worth it

Without the Click, upping your income can be an uphill battle. But once you realize how capable you are, how much value you offer, barriers that once felt insurmountable will begin to disappear.

You see, there is a direct correlation between your level of self-esteem and the amount that you earn.

Virtually every high earner I interviewed for my books swore money was not her primary motivation. But at the same time, she fully expected to be highly compensated because she knew she was worth it.

How do you build that kind of self esteem? How do you access the Click? Simply put: Do
what you dread. 

That’s probably not what you wanted to hear. But trust me, there’s no better way to boost your confidence than by doing what you are scared to do or don’t believe you can do.

Read More
Interesting Image

All the Answers Aren’t ‘Out There’

Written by Barbara Huson

I spent most of my adult life desperately trying to figure out finances. I dutifully went to classes, read books, talked to advisors. Nothing helped.

And then I began journaling about my experience. That’s when I had a realization that, I know now, began the rewiring process in my brain and I finally began to breakthrough my formidable blocks.

That realization led me to create a fundamentally different approach to empowering women financially—the approach I now call the Rewire Process.

I realized that traditional financial education focused almost exclusively on the practical facts. And in too many cases, it still does today.

But my experience taught me that when the facts don’t make sense and all of the practical knowledge makes no difference, the key may be hidden inside you.

As I wrote in my journal, I heard that familiar voice in my head telling me how stupid I was. But instead of letting that voice hold sway, as I always had, I decided to get to know it better. I asked the voice where it came from and what it wanted.

Read More

The Timeless Wisdom of Wealth Creation

Written by Barbara Huson

The year is 1926. Henry Ford announces the 40-hour work week. The first SAT test is administered. And the notorious gangster, Al Capone, is terrorizing New York.

But the real news is this. The Richest Man in Babylon by George Clausen—perhaps the best financial book ever written–hits the shelves.

This quaint parable, filled with timeless wisdom, became a classic because it demystifies wealth building like nothing else I’ve read.

When we first meet the richest man in Babylon, he is telling friends the secret to his fortune.

“I found the road to wealth,” he tells them, “when I decided that a part of all I earn is mine to keep.”

The men look at him incredulously. “Is that all?” one asks, insisting that of course everything he makes is his to keep.

The wealthy man just shakes his head. “You fool, you pay everyone but yourself,” he cries, pointing to the clothing sellers, sandal makers, and wine merchants.

Instead, the rich man counsels them, learn to spend less and pay yourself first. “For every 10 coins thou places in thy purse, take out for use but nine.”

This is the way that Wealth Builders live—a part of all they earn goes into their personal savings on a regular basis. In other words, they pay themselves first.

I’ve watched countless underearners transform small salaries into hefty bank balances by simply socking away small amounts into a savings account every month.

But now, unlike 95 years ago, you can do this automatically. Fill out a form and voila, the bank takes care of everything.

What do you do next? The rich man’s guidance is simple. Once you learn to live on less than you earn, next “seek advice from those who were competent through their own experiences to give it. And, lastly…make gold work for you.”

If you follow Clausen’s timeless wisdom faithfully—pay yourself first, learn from those with experience, and invest for long term gain–you’ll find yourself well on the way to wealth!

What gets in your way to creating wealth? Comment below and let me know

Interesting Image

How to Have a Legendary Love Affair…with Money

Written by Barbara Huson

In the spirit of Valentine’s day, I have a suggestion. There’s no better time to start having a legendary love affair with your money.

Think of it this way…

Money is like the perfect romantic partner. All it wants to do is serve you, support you and protect you.

All money requires in return is for you to respect and appreciate it by taking good care of it.

In other words, money needs your attention. It needs your understanding. And it needs to feel valued.

Without those, neither a mate nor money will stick around for the long haul.

And as in all relationships, there are good times and bad times.

Bad times are not the time to turn your back, throw in the towel or ignore your finances. At least not if you want to grow old together.

How do you survive the rough patches? Seek professional advice. Ask a lot of questions. Ensure you are positioned to grow and flourish when the tide turns.

It all boils down to this. When money feels your love, you both will live happily ever after.

What are you doing to make sure your money feels your love? Leave me a comment below and let me know.

What Covid Taught Us About Money

Written by Barbara Huson

I’m a Wall Street Journal junkie. When I first subscribed, 25 years ago, I was totally intimidated. But I’d lay it on the kitchen counter and every day I’d pass by it figuring, by osmosis, I’d pick something up. I credit that ritual for greatly reducing my fear of investing.

The Journal is always filled with interesting and instructive articles. Last week, for example, I was riveted by the headline Personal Finance Lessons We Can All learn From a Pandemic Year.

“With 2020 in the rearview mirror,” the article began, “there’s a lot of economic damage to be assessed. But there are a lot of personal finance lessons we can learn—lessons that will put us in good stead whatever the economic future holds.”

There were 15 excellent lessons. Let me share my 5 favorites.

Read More

What is Wealth? (Hint: It’s Not What You Think)

Written by Barbara Huson

I’ve been doing a lot of interviews lately. My latest book, Rewire for Wealth, made its debut last week.

The one question I’m asked most often is this: How do you define wealth? It’s a great question. And there’s a gazillion different responses. Most people will define wealth with a dollar figure that’s at least double what they currently have.

But I see it differently. Wealth is not an amount. It’s a mindset.

I know women worth millions who are financially insecure. I know many who have far less and consider themselves bountiful. Wealth without well-being is not the aim of my book or the work I do. Financial well-being means you’re in control of your money instead of being at its mercy.

Read More

Meet Barbara Huson

When a devastating financial crisis rocked her world, Barbara Huson knew she had to get smart about money… and she did. Now, she wants to empower every women to take charge of their money and take charge of their lives! She’s doing just that with her best-selling books, life changing retreats and private financial coaching.

Top Back To Top
Site Design Rebecca Pollock
Site Development Alchemy + Aim