Losing Sleep Over Sinking Markets? Advice from a Wall Street Expert…and a Veteran of 2 Major Crashes—Me!

Written by Barbara Huson

Last week, the market took the worst dive since 1987. Ahhhhh, yes, 1987. I remember that October day quite well. Black Monday they called it.

I’d been in the market for about a year. I knew nothing about investing, but I trusted my broker. However, when the market went into free-fall, I went into full blown panic.

I called my broker, insisted he sell everything. He begged me not to, insisting the market will go back up…it always does.

I didn’t listen. If I’d stayed put, like he instructed, I’d be a lot richer today.

Yet it was a priceless lesson.Ten years later, in 1997, almost to the day, the market crashed again. Only this time I didn’t see disaster. I saw a sale.

Fast forward to today. I’m not saying you should go on a buying spree. Though it is a sale. But I am imploring you not to sell everything in a panic. Investment decisions, based on emotions, rarely end well.

However, if your nervous system can’t stand the heat, don’t rush out of the kitchen or do anything rash. Take advice from my favorite financial writer, Jason Zweig,

“If you feel you can calm yourself only by ditching some stocks,” he wrote in last Fridays Wall Street Journal, “sell a fixed amount each month for the next year.” By taking small steps, and automating them, you take the emotion out of the decision.

And if you’re going to sell, sell the losers, he advised. “That will turn some of your losses into cash—and a write-off on your taxes.”

Or, instead of selling, “You could direct your dividends into cash, rather than more shares, for now.”

I’d love to hear how you’re reacting to this crazy market? Buying? Selling? Waiting and watching? Or frozen in fear? Leave me a comment below.

Financial Challenges are Your Friend

Written by Barbara Huson

I’ll let you in on a little secret. Anyone can create wealth. Yes, even you, regardless of your current situation. I’ll tell you how.

First, pinpoint your biggest Financial Challenge. It could be anything from a gnawing sense you’re unhappy at work to the gut-wrenching pain of staggering debt.

Next, realize that this Financial Challenge is about far more than money. It‘s a profound opportunity for personal transformation; the call of your Soul trying to get your attention; the starting point for creating wealth and claiming your power.

Finally, by committing to resolve your Financial Challenge, you’ll open the door between the life you now live and the amazing life that’s patiently waiting for you to take action.

There is no magic bullet for resolving a Financial Challenge. Nor would you want one. It is the process that’s empowering, a three-pronged process:

1) The Outer Work of Wealth—adhering to the Rules of Wealth: Spend less; Save More; Invest Wisely.

2) The Inner Work of Wealth—exploring your attitudes, beliefs and early decisions you made about yourself and money.

3) The Higher Work of Wealth—understanding the laws of the Universe so you can manifest your destiny and make a difference in the world.

As you begin taking small steps to resolve your Financial Challenge, one of two things will happen. Either you’ll resist, give up and fall back into the familiar. Or your life will dramatically change, not only with money, but in other areas as well.

What’s your biggest financial challenge? Are you ready to resolve it? Leave me a comment below.

Take action to bring your dreams to life. My virtual community, The Wealth Connection, is the place to find the support you need. Join Today!

Are You an Underearner? Part 2

Written by Barbara Huson

Underearners (UEs) can be hard to spot. Here are seven traits that all UEs share.

1. Live in financial chaos—UEs tend to go from one financial crisis to another, struggling to make ends meet, often drowning in debt.

2. Vagueness about money—UEs usually have no idea how much money

they have, earn or need and depend on wishful thinking instead of strategizing and negotiating.

3. Underestimates worth—UEs give away their time, knowledge, skills for free or bargain prices because they devalue themselves.

4. Anti-money attitude—UEs are ambivalent or downright negative about money and people who have it, believing there is virtue in being poor.

5. Self-saboteurs—Bright women remain UEs primarily by taking on too much, being scattered and unfocused or procrastinating.

6. Co-dependent—UEs put everyone else’s needs first, which leads to anger, resentment and pain (not the qualities conducive to success).

7. Craves comfort—UEs are unwilling to be uncomfortable and therefore unwilling to take risks.

Did you say to yourself, Yes, that’s me, as you read this? If you struggle with Underearning tell me about it in the comments below.

Are You an Underearner? Part 1

Written by Barbara Huson

Ever wonder if you’re underearning?

All underearners share one common trait: A high tolerance for low pay. But that description can be deceptive.

“Low pay” is a relative term. You can make six figures and still be an underearner. Conversely, you can earn far less and not be.

My definition of an underearner—someone who makes less than she needs or desires despite her efforts to do otherwise.

Underearning is not the same as VOLUNTARY SIMPLICITY—a conscious choice to live on less in order to create a simpler, saner life; or A MINDFUL LOW EARNER, someone who does work that feeds her soul and still makes enough to meet her needs.

Underearning is never a conscious choice. It never leads to a saner, more satisfying life. It is always a CONDITION OF DEPRIVATION, not just of money, but of time, joy, freedom, choices and self-esteem.

Do you see yourself in any of the descriptions above? Share in the comments below and be sure to watch for next week’s blog where I’ll share some specific traits of underearners.

Is Money a Pressing Priority?

Written by Barbara Huson

You say you want to make more money, right?

But understand this. Nothing will happen until you consciously decide to make financial success a pressing priority.

A decision is not the same as a goal. A goal denotes the desired destination. A decision implies the determination to reach it.

Here’s the beauty of a committed decision. You don’t need to have a plan all figured out. All you have to do is decide what you want and do what comes next.

Decisions are like magnets. They attract opportunities.

But be warned: those opportunities always lie outside your comfort zone.

You’ll come to a point where you must decide what you’re really committed to: increasing your income or staying where it’s safe.

You can’t have both. Have you done anything recently that’s outside your comfort zone? Leave me a comment below.

If you’ve made a decision to build your Wealth in 2020, I’m here to tell you it’s easier with support. Get the support you need to stay on the Wealth-Building path in my virtual community—The Wealth Connection. Learn More.

Ready to Rewire for Wealth?

Written by Barbara Huson

Is this the year you become a wealthy woman? Or an even wealthier one? It’s really quite simple.

Every time money comes in, put a portion into savings on a regular basis. How much? Ten percent is ideal, but less is absolutely fine. Sadly, few people do this.

For many, setting aside savings is akin to self-imposed poverty, as expressed in a recent email I received. “How can I SAVE money to create wealth (which means cutting back spending) and still have a feeling of ABUNDANCE (which means the desire to SPEND) and not a mentality of LACK?”

In her mind, spending provided the pleasurable pretense of prosperity while savings felt like self-denial. But a brain wired for wealth views it quite differently.

Saving means you’re giving the money to YOU (not Visa or Starbucks) so that ultimately you can purchase whatever you please without pressure or worry. The difference between the two mindsets is not deprivation but delayed gratification.

The ability to delay gratification is a sign of maturity and the quickest way to accumulate more than enough, which is the true definition of wealth.

The best part. Saving is so easy when you set up automatic deposits. You don’t miss what you don’t see.

And, with little effort, you set the rewire process in motion. As you watch your savings grow, the reward centers of your brain light up and your inclination to save more increases by the day.

How do you feel about savings—self-denial or the way to wealth? Share below.

Give yourself the Gift of Wealth in 2020! Join my virtual community, The Wealth Connection and Become a Savvy & Confident Investor! Learn More!

Why You Probably Suck at Receiving

Written by Barbara Huson

In this season of giving, it’s worth stopping and giving some thought to how you receive. Here’s another blog from the archives to think about.

Consider this. There’s a direct correlation between your ability to receive and your level of financial success.

The problem, however—most of us suck at receiving.

Think about it. How often do you gloss over praise, deflect admiration, deny an achievement or respond with self-criticism?

Receiving is to your Soul what eating is to your body—a source of strength, nourishment, and growth. When you fail to receive, you’re literally starving your Soul.

But here’s where it gets tricky. Many gifts come camouflaged and are easily overlooked. To receive fully you must suspend judgment. Nothing that happens is ‘good’ or ‘bad, ’right’ or ‘wrong,’ ‘negative’ or ‘positive.’

Everything, absolutely everything, no matter how it feels, is a gift, a message, a lesson, a form of divine communication.

This, of course, is counterintuitive. It’s easy to receive a compliment from a friend, but a reprimand from your boss? That too can be a gift when you mine it for its deeper meaning.

To quote a Zen saying, the obstacle is the path. “So that like oxygen to a fire,” writes author Robert Greene, “obstacles and adversity become fuel for your potential.”

To receive fully means this: Every frustration, disappointment or even failure is, in truth, a source of guidance, support, and strength building…a gift, that if fully received, will increase your success exponentially.

I’d love to hear your experiences of how past disappointments turned out to be gifts in disguise. Share your story in the comments below.

Give yourself the gift of community this holiday season. Join my virtual community The Wealth Connection. It’s the place for women to come together to become Savvy and Confident Investors and find support every step of the way!

Learn More!

Consciousness Raising While Holiday Shopping

Written by Barbara Huson

Here’s another post I’m re-visiting from 2018…Enjoy!

Tis the season to be spending. But splurging on presents is like bingeing at the buffet. Fun at first, but afterwards, you feel awful!

Let me suggest a simple tip to control holiday spending (while raising your consciousness), without turning into a tightwad: Track your spending.

Every time you buy anything—a holiday gift or a cup of coffee—jot down the item and the amount…at the time of purchase.Otherwise, receipts pile up and it feels overwhelming.

Believe me, tracking is not just for those with limited means. Tracking is a powerful consciousness raising and potentially life changing tool. It reveals a lot more than where you can shave and save.

For one thing, the numbers tell a story about your life. For example, when you look at where you aren’t spending—say vacations, doctor visits or new underwear—do you see where you may be depriving yourself?

When you look at where you are spending,do your purchases reflect your values, what’s really important to you? Or are you trying to fill a hole in your soul that no amount of ‘stuff’ will ever fill.

Furthermore, tracking has a ripple effect.There was a fascinating Australian study where participants wrote down every purchase, with surprising results.

Not only did their financial lives improve, but they also smoked and drank less, ate less junk food and even found they were more productive.

“As people strengthened their willpower muscles in one part of their lives — in the gym, or a money management program — that strength spilled over into what they ate or how hard they worked,” the study discovered. “Once willpower became stronger, it touched everything.”

Tracking your spending, it turns out, is a great gift to give yourself this holiday season.

I’d love to hear what you discovered by tracking your spending. Share a comment below.

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I’m in Resistance! How Do I Get Out of It?

Written by Barbara Huson

You know the feeling. You finally decide to take the financial reins. You’ll pay off your debt, save for emergencies, invest regularly for retirement.

Off you go—to take a financial class, talk to an advisor, buy a money book—when suddenly, you run smack dab into Resistance.

Resistance is the psychological term for, “I don’t want to do this!”

You cancel the appointment, lose interest in the book, sit through the class, but nothing sinks in. You figure money’s not your thing. Eventually, you quit trying.

Resistance, more than anything else, is what stops women from taking the financial reins. But it doesn’t need to derail you, at least not for long.

You need to understand that resistance is normal. It’s a signal that you’re changing, not that something is wrong.

Find a friend, a colleague or financial professional to hold you accountable. Whatever it is you don’t want to do, that is exactly what you need to do next.

Dig deeper to find what lies on the other side of Resistance.

It’s your Power.

And that’s really what scares us. Not managing our money, but owning our power.

Which is why I created The Wealth Connection, an online community of women supporting women ready to claim their power. I invite you to check it out here.

I’d love to hear what you’ve done to overcome your resistance. Leave me a comment below.

Get the support you need to create the Wealth you desire in my virtual community of women supporting women, The Wealth Connection. Now only $47/month! Join the conversation today!

How Do You Know When You’re Really RICH?

Written by Barbara Huson

Quick, answer this question with the first number that comes to mind: How much money does it take to be

Of course, you may argue, there’s more to being rich than having money—there’s love, health, freedom, etc. All true. But for the purpose of this blog, and in the spirit of research, let’s stick with a specific figure.

According to Robert Frank’s blog, The Wealth Report, no one can agree on a specific amount.

The Federal Reserve claims you’re in the top 5% of Americans if you have a networth of $1.4 million.
In a poll by Spectrem Group of affluent people, only 22% said $1 million makes you rich.
The majority (45%) of this poll said it took at least $5 million to qualify.
A quarter of the respondents swore that you need a minimum of $25 million.
A few (8%) even put the winning number at $100 million.
Other studies find that people “always give a number that is twice their current net worth or income. Those with $100,000 in income say $200,000, while those worth $5million say $10 million.”

The best definition I’ve ever seen for “rich” goes like this: “rich is when you work because you want to, not because you have to.” I don’t know who said it, but it makes the most sense.

Anyone have a better definition than that?? Leave me a comment below.

Get the support you need to create the Wealth you desire in my virtual community of women supporting women, The Wealth Connection. Now only $47/month! Join the conversation today!

Financial Wellness

Losing Sleep Over Sinking Markets? Advice from a Wall Street Expert…and a Veteran of 2 Major Crashes—Me!

Financial Challenges are Your Friend

Are You an Underearner? Part 2

Are You an Underearner? Part 1

Is Money a Pressing Priority?

Ready to Rewire for Wealth?

Why You Probably Suck at Receiving

Consciousness Raising While Holiday Shopping

I’m in Resistance! How Do I Get Out of It?

How Do You Know When You’re Really RICH?

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