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Is This the New Normal: Funds Without Fees?

There’s a price war in the financial industry that’s heating up like you wouldn’t believe. And we’re the beneficiaries.

Last week, Charles Schwab announced that on March 1st it was cutting transaction fees on over 500 ETFs to…get this…ZERO! An hour later Fidelity Investments joined in, eliminating commissions on that same number of ETFs. This came 7 months after Vanguard dumped fees on all ETF’s it sells, including competitors. I’m betting more will follow suit.

I recently noted that high yield online savings accounts can be quite profitable (A Hot Tip You Can Take to the Bank). Well funds without fees is cause for even greater celebration. Cutting costs can boost profits considerably.

I’ve long been a big fan of ETFs (Exchange Traded Funds) which mimic an index, are traded on an exchange (like stocks but unlike index mutual funds), have exceedingly low management fees and best of all, tend to consistently outperform actively managed funds.

Case in point: Back in 2007, legendary investor Warren Buffett made a $1 million dollar bet with a noted hedge fund manager that the Vanguard 500 Index Fund would outperform more sophisticated, high priced hedge funds over a 10-year period.

Guess who won? The index fund returned 7.1 percent while the basket of hedge funds returned 2.2 percent.

Of course, these investment firms aren’t suddenly turning altruistic. They’re out to win new customers who’ll hopefully purchase more lucrative products and services.

Nevertheless, they’re making us an offer that’s hard to refuse. I hope you’ll take advantage!

Have you found any unexpected ways to get a bigger return on your investments? Share in the comments below.


Do you know that women learn better in community? Try my new virtual community, The Wealth Connection and learn to Grow Your Wealth!

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A Hot Tip You Can Take to the Bank!

“The power of compound interest is the most powerful force in the universe.” ~~Albert Einstein

How would you like higher returns with no added risk?? Seems too good to be true, right?  Well it’s not…if you put your savings into an online, high yielding, FDIC guaranteed cash account.  

As my favorite Wall Street Journal columnist, Jason Zweig, recently wrote: “With a few clicks of the mouse, you can crank up the yield on your cash by 2 percentage points, often adding hundreds—even thousands—of dollars to your investment income annually.”

I’m here to tell you. Switching to a higher yield can make a huge difference.

A few months ago, my ace bookkeeper, Ben Falge, suggested I transfer my savings, which was earning .09%, to an online account (Citigroup360) paying 2%. Didn’t seem like a big deal, but I did it. 

Last week he showed me what a big deal it was. My local bank had been paying me $185 in monthly interest. But that soared to $550 a month when I switched.  Just this week, I moved that money to another online account, Ally, paying 2.2% interest. Ben estimates my monthly interest income will rise to $650. Now that’s a big chunk of change!

I encourage all of you to ‘Just do it!’ Now!  Open a high paying online account. As columnist Zweig wrote: “You may never get an easier chance to raise your return at no extra risk.”

Do you have a favorite online bank you’d recommend? Leave a comment below.


Do you know that women learn better in community? Try my new virtual community, The Wealth Connection and learn to Grow Your Wealth!

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The Immense Power of Shifting Your Perception

“There is another way of looking at the world.” When I read this lesson from A Course in Miracles (ACIM), I knew I had to share it with you. What I’m really sharing is the profound, but simple, secret to creating miracles AND rewiring your brain. 

 

The secret is this: whenever you’re upset, disturbed or challenged, try consciously changing, or reframing, the way you interpret an event. In other words, firmly say to yourself:  “There must be another way of seeing this.” 

 

Admittedly, reframing can be difficult. I’ve found three techniques that have helped me shift my perception—and, as I’ve only recently understood—reprogram my unhealthy beliefs and behaviors into much healthier ones (which, in itself, is a miracle).

 

One technique is what psychologists call Selective Attention—consciously selecting one thing to concentrate on while ignoring everything else. The absence of attention to what you don’t want weakens maladaptive neuropathways. For example, instead of constantly retelling your old story, talk only about your dreams and desires.

 

Another technique, first introduced by Carl Jung, is Shadow Work. When you don’t like or can’t accept parts of yourself, you disown those traits and project them onto another.  As I wrote in my first book, Prince Charming is simply a projection of the powerful, responsible part you refuse to acknowledge in yourself. When you take back your projections, you come to know the truth of who you really are.

 

The third, as described in ACIM, is understanding The Therapeutic Value of Fear.  Fear, discomfort or pain, the Course explains “is aroused only to bring the need for correction forcibly into awareness.”  For our prehistoric ancestors, fear alerted them to real and ever present danger. But nowadays, fear is alerting you that you’re listening to Ego and you need to course correct by tuning into your Soul. 

 

In my experience, the simple act of seeing things differently has been a game changer.

 

How about you? I’d love to hear about your experience with reframing.


Do you know that women learn better in community? Try my new virtual community, The Wealth Connection and learn to Grow Your Wealth!

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Why Wealth Matters

I dream of the day when every woman knows, deep down, that she has the capacity to create wealth and the confidence to actually do it. 

I suspect for some of you, however, the mere mention of the “W” word feels wrong, bad, like ‘how can I be rich when so many are poor?’ 

But consider the words of Abraham Lincoln: “If you want to help a poor person, do not be one.” 

Besides, creating wealth is about far more than amassing riches. It’s about waking up to the truth of who you are and the power you have, the enormous power, to not only create wealth but to use it as a tool to help others.

I love how Rev. Michael Beckwith put it: “You can’t be light of the world if you can’t pay light bills.” 

Sure, I want you to be able to pay your bills.  But my deepest desire is to see you shining your light at maximum wattage, without the distraction of insufficient funds or unhealthy financial habits. 

No more dimming yourself down to please others or refraining from rocking the boat so you don’t make waves.  It’s time for you to make waves. Big ones. I want to see a tsunami of women shaking up the world, shining their light, eradicating the darkness that’s so pervasive on this planet.

How do you feel about creating wealth for yourself? I’d love to know. Share below.


Do you know that women learn better in community? Try my new virtual community, The Wealth Connection and learn to Grow Your Wealth!

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A Tribute to the Man Who Changed My Life, Financially

I want to take a moment to pay tribute to John Bogle, the legendary founder of the Vanguard Group and the inventor of the index fund. 

John Bogle, who died last week, taught me more about the wisdom of wealth building than anyone else.

Bogle had a simple, though radical, message: buy a diversified portfolio of low cost funds and stay the course, regardless of the market’s gyration or your fearful emotions.

 “The mutual fund business is where you get what you don’t pay for,” he said. 

Amen to that. And history has proven him right. Over the past 15 years, passive index funds have outperformed almost 90% of actively managed funds.

“If all investors had heeded his ideas,” declared Warren Buffet, another legendary financier, “they would be hundreds of billions of dollars better off than they are now.”

It took me a few years and some painful losses before I discovered Bogle’s wisdom. I’m beyond grateful I did. For over two decades, despite 9 market crashes (when the market falls at least 20%), I’ve done quite well. 

From the bottom of my heart, I say thank you, John Bogle. You left the world a better place.

What teachers are you grateful for in your life? Leave me a comment below.


Give yourself the Gift of Wealth in 2019! Join my virtual community, The Wealth Connection and Become a Savvy & Confident Investor!  Learn More!

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The Caterpillar Story

Two caterpillars spy a butterfly overhead. One turns to the other and says “You’ll never get me up in one of those things.”

Do you ever feel like that caterpillar?  Part of you wants to fly. Another part clearly doesn’t.

That’s precisely what’s going on when you feel stuck–an internal conflict. Part wants to. Part doesn’t.

The trick to getting unstuck isn’t by denying or disputing your resistance. What you ignore, you empower. What you resist, persists.

I speak from experience. After my divorce, I tried hard to learn about money. But nothing worked. I’d pick up a book, attend a class only to fog up, glaze over, give up. Until one day, a therapist challenged me. 

“You know Barbara,” he said bluntly, “you really don’t want to get smart about money.”

I couldn’t argue. In that moment, I met the part of me that desperately wanted to stay ignorant. The part that was terrified of angering her parents, losing everything, and most of all, afraid no man would love a financially savvy woman. 

I spent months getting to know this part. But I also did something quite smart. I kept repeating affirmations in an effort to fortify the other part. I AM smart about money. I AM excited to learn. I AM a great role model for my kids. I AM attracting a man who loves a powerful woman.

I now realize I was literally rewiring my brain. Instead of dwelling on what scared me, I focused on what I wanted to create, how I wanted to feel…even if it seemed impossible.  As neuroscientists tell us, what flows through the mind creates pathways that wires the brain 

Slowly the fog lifted. I actually began enjoying the learning process, seeing results, relishing how powerful I felt. Those feelings haven’t changed in over 30 years. 

How do you focus on the change you want to create? Leave a comment below.


Do you struggle to understand investing? Men and women view wealth & power through very different lenses. Join me for this FREE call: Women & Wealth: We’re Different than Men & Why that Matters and I’ll help you become a Savvy Investor and begin to build Wealth, as a womanRegister Now!

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How an Ancient Mystic Transformed My Work

Yoga class begins.  “Hold out your hands,” the teacher says, “to receive something you truly desire.”

Then he quotes Rumi: ‘What you seek is seeking you.”

And I, arms outstretched, stand transfixed. What if that were true? What if that which I desire is heading to me like a heat seeking missile? And even more, what if I believed, without doubt, it will swiftly hit its target (me), no struggle required.

During Downward Dog, I make a decision.  I’m taking Rumi’s words as gospel truth.

As I sink into Child’s Pose, I flash back to a poster that once hung in my office, a quote from Richard Bach: “You are never given a wish without also being given the power to make it come true.” At the very bottom, in tiny letters: “You may have to work for it, however.” At this point, I am in Warrior Pose, which feels quite fitting. 

By Savasana, the final resting pose, I’m fired up. I race home to start working on my deepest desire, a proposal for my next book–The Rewire Response: Mind Training for Wealth Building—which I’d long been procrastinating…for good reason..

Writing proposals has always been an excruciating experience. My ego would scream, “You write like s**t!” I literally had to force myself to keep going.  

This time, my desire was not just to write, but do it with ease and joy.

Now, a few months later, my proposal almost complete, I can honestly say it was a much different process.  Not because the writing was easier. Hell no!  Writing’s never easy for me. But instead of panicking when I wrote crap (my early drafts are always crap!), I actually delighted in the process of polishing each word until the sentences sparkled. 

Amazing how a tiny shift in perception can make such a major difference.

What about you? Do you have a desire you want to bring to fruition this year? How are you feeling about it? Share below.


Do you struggle to understand investing? Men and women view wealth & power through very different lenses. Join me for this FREE call: Women & Wealth: We’re Different than Men & Why that Matters and I’ll help you become a Savvy Investor and begin to build Wealth, as a womanRegister Now!

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An Exercise for Rewiring Your Brain

Last week, I heard from a client who was close to tears. Her husband’s business unexpectedly went belly up. Suddenly, they had no income. She was forced to get a higher paying job.  

“Do you think this crisis has anything to do with my decision to make more money and my lack of action?” she asked.

Obviously, it was a rhetorical question.

 I see this pattern all the time. Women who avoid money—making it or managing it—until a crisis hits. Either their world falls apart or feels like it’s about to. That’s when they finally take action.

I did it myself. I waited until a million dollar tax bill almost wiped me out.  Not smart!!

How about you? Are you avoiding financial stuff until the pain gets worse than the fear? Are you looking for a way to get moving without having your world violently (or even mildly) shaken?

If so, try this exercise. It’s called Selective Attention,a powerful tool for rewiring your brain. Focus on what inspires you and stop dwelling on what scares you. It’s a fact: What flows through your mind wires your brain…which governs your behavior.

To change what you do, first change what you think.

Instead of obsessing on all the things that can go wrong, try turning your thoughts to what more money will give you. Think about the freedom, the peace of mind, the myriad of choices financial success makes possible. Think about giving your money to causes you feel passionate about,helping your kids, your parents, people you love. 

That’s what I finally did. I started thinking about what kind of a role model I wanted to be for my daughters instead of fixating on my terror of screwing up. When I made that deliberate shift, when I forced myself to think about how I would be helping my girls, I had no choice…financial avoidance was no longer an option!   I’d love to hear other ideas for getting unstuck.  What worked for you? Leave me a comment below.


My gift to you…get my free pdf 12 Tips for Building Wealth During the Holidays. Download Now!

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Lifting Heavier Weights

Have you noticed, in gyms, when guys are lifting really heavy weights, they ask someone, often a perfect stranger, to spot them?    

How many times have you seen a woman do that?  Hardly ever! We’ll hire trainers. But ask another to spot us? Unthinkable.

I always thought this scenario was a perfect metaphor for how many women tend to approach life.  Here’s why:

1st, we rarely lift very heavy weights. 

2nd, we don’t want to bother anyone. 

3rd, we’re determined to do it alone.

Yet, to achieve success, in anything, requires us to lift heavier weights. This is how we build up confidence and strength to climb to greater heights.

And we can’t do it alone. We need spotters—people we trust to have our backs, to encourage us when the going gets tough or high-five us when we finally lift that heavy weight.

Seven years ago, I shared my gym observation with a friend, Suzy Carroll, who, being the leader she is, formed a spotters group with four of us. What a remarkable experience it’s been.

Once a month, we gather after work, or lately, on the weekends, at someone’s house. Each one takes her turn, sharing what’s on her mind, be it a troublesome situation or a thrilling victory. The others offer loving support, candid feedback, often relating their own similar experiences.

Our meetings usually last about two hours. We don’t leave without setting another date when we’re all available. Not an easy task for busy women, but we’ve made it work.

It’s been incredible to witness how each of us has grown, in ways we could never have imagined at the outset. And we know, with utter certainty, we would’ve never progressed this far alone.

I heartily encourage you to form your own spotters group. I swear…it’s truly life changing.

Do you have a support group you’re part of? Tell me about it below.


Looking for support? I created my virtual community, The Wealth Connection to support women in their financial journey. Join today and hop on my Live Office Hours Call! www.husonwealthconnection.com

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The Prayer of Self-Acceptance

Today’s Words of Wealth are dedicated to all of us (yes, me included) who would never treat a friend the way we treat ourselves…who have no idea what self-love actually looks like…who are painfully searching for, but never finding, self-acceptance. 

 

I share with you “The Other Serenity Prayer*:

 

God, grant me the serenity to stop beating myself up for not doing things perfectly, the courage to forgive myself because I am working on doing better, and the wisdom to know that You already love me just the way I am. ~~Eleanor Brownn

 

*Thank you Joan Goldberg for sharing this with me! Please feel free to share this with others.  

How do you show yourself love? Leave a comment below.


I’d love to share one way to show yourself self-love. Join me and an amazing group of women in my virtual community, The Wealth Connection.Learn 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.

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