Mommy Money Matters

Are you the type of person who puts something in place and then forgets about it? For example, you opened an IRA at the bank and haven’t bothered to check on it or its performance? Do you even open your statements? This is where I recommend for you to inspect what you expect! We get busy with life and then you have an emergency situation that leads you to needing money and that’s when you remember the account. But to your surprise its performance is not what you expected. This episode talks about the importance of keeping an eye on your money. Most people don’t and they usually are surprised and disappointed. Listen in on why it’s important to stay in communication with your financial professional. I personally highly recommend having a conversation with them at least once a year. Always be aware of what your money is doing! Remember to make money and not excuses!

This episode is mainly to inform you, the consumer, to be very cautious when disclosing personal information over the phone. Not only are we dealing with identity fraud, credit card fraud, bank account fraud, but NOW retirement account fraud. This episode is short, sweet and to the point. Here are the do’s and don’ts when it comes to you handling your personal financial accounts, whether it be, bank accounts or retirement accounts. These hackers are getting very sneaky. Listen carefully and stay alert by following these recommendations. The last thing you want is for your parents or grandparents to loose their hard earned money upon retirement. Take care of yours!

The way SM is right now, anyone can get on and say ANYTHING they want!! As consumers of this content we tend to believe these individuals. It doesn’t matter whether it’s factual or not, we believe it to be true. If you’ve been on SM you know what I’m talking about. Here’s the thing, not all of is factual. In fact most of it is other people’s opinions. Living in this country, freedom of speech is one of our rights. I say this to say, we have to be more careful of the content we listen to and perceive to be true. Sometimes it can do more harm than good. I can go into so many areas with this topic. But what I would like to encourage the consumer is to always do their due diligence and educate themselves on the subject matter at hand. To find out more about what I’m referring to, take a listen to my latest episode. Here’s a hint, it has to do with what I do for a living and what I help families with, day in and day out. Don’t be easily persuaded by other people’s opinions. Gather your facts and make family decisions accordingly. I can’t stress this enough. Should you have any questions or concerns, feel free to get in touch. It won’t cost you anything!!

This episode is a bit different but all about weighing your options and doing your due diligence. As I meet with my clients, the young ones come to me for my personal recommendations regarding their future and their potential careers. I have had a lot of experience in that area personally but I always focus on them. I always tell them to find a career that not only is fulfilling but can help pay the bills and then some. Imagine going to work day after day and hating it. Then you realize you’re still short every month. That’s not life!!! That’s you in the rat race or a hamster in the hamster wheel going nowhere! But waking up and doing the same thing over and over again. If this is not what you want then I highly recommend you listen to this episode for some pointers. Who knows, may this episode will help guide you? Not only do I give you information but I also talk about a few personal stories from my clients and family as well, including my own. The last thing you want to be worrying about as a young emerging adult is actually being an adult and dealing with so many what if’s like most do. I invite you to take seat and listen in. Share this with any Gen Zs and Millennials who find themselves overly anxious and stressed over the unknowns of life. Like always, if you have any questions or inquiries feel free to reach out to me.

Join me on this episode, as I share some stories of old and new clients regarding life insurance for their children. Coming from a mother of five and a grandmother as well, for me personally, it is highly imperative that we protect our children with life insurance. Why is that? Because we are protecting their future insurability . We don’t know what life is going to throw our way, and whether our children will be perfectly healthy or not. These unknown factors are the very reason why we should protect our children with life insurance. In this episode, I talk about child term writers and individual life insurance plans for your children. I highly recommend you consider one or the other and protect your children. Remember to always do your due diligence before committing to anything. Ask as many questions as you need to, to make an informed decision. I’m more than happy to answer any questions you may have. It is a free service and I also offer a 30 to 45 minute consultation free of charge with no commitment necessary. Don’t let it be too late, protect yourself and your children. Your future self will thank you for it.

This episode is focused on going back and re-learning the difference between life insurance products and finding out which one is better suited for your family’s needs. Very often I get asked, “Why should I have more than one product in place?” My response, “That’s a great question.” Because it is!! As a licensed professional it is my duty to explain the differences and let my clients decide for themselves. When I come across a client who is adamant about purchasing one particular product I don’t try to convince them of why they shouldn’t purchase it. What I do instead is ask my client, “Why do you want that specific product? What do you know about the product?” And let them explain. You see sometimes, they don’t know what they don’t know. It is my responsibility to assess how much they understand about the products being discussed to be able to move forward. Once we do that, then we can continue with our conversation. It is highly imperative that we as consumers do our due diligence when it comes to financial matters. Don’t you agree?? Feel free to share this episode with friends and family who are looking into purchasing life insurance. Have any questions? Find us on SM and ask away!

Having a loved pass is one of the toughest experiences of life we have to deal with. Let alone needing to find the place to handle all the burial services and with this comes the expenses. How many know the costs involved? Have you done your research? Here, in the state of California on average it can be anywhere between $10k to $25 depending on what the family wants. How about cremation? Well, that also varies. It all boils down to how much can the family afford. But did you know that if you don’t want any viewing services nor mass etc. the cost can be very well under $1,000 in some locations? This is why it’s important to look around and not go with the first place you visit. Nor should one discuss right off the bat that there’s life insurance in place. Why?? Take a listen to this episode and find out. There’s information on what steps to take should you come across this situation. But always, always do your due diligence!! I can’t stress this enough. Should you have any questions or concerns feel free to reach out!! Our focus is to provide value everywhere this podcast reaches and keep our community informed.

Are you one of those individuals who say new year new goals? If so, where are you as of right now when it comes to those goals? If you decided that you were going to handle your finances a little bit differently this year then you’re in the right place. There’s quite a lot to do when it comes to financial planning, and what I do when I sit down across the kitchen table with a potential clients. First and foremost, before anything else we focus on reviewing their financial needs and goals analysis. I want to know where they’re at and what they are currently doing to get them to their goals. This helps me understand where their mindset is at, and we can go from there The number one objective for me is also to make sure that that family is protected this includes the spouse and the children as well. a lot of times the only one who has any type of life insurance protection is the breadwinner and the stay at home parent doesn’t have anything in place. Sometimes it’s the stay at home parent that needs it the most. Why? Because normally they are the ones who take care of everything from the home, the children, and the cooking as well as doctors appointments and what not. God forbid something should happen to the stay at home parent. How would the breadwinner be able to go to work if they need to tend to the children and the home? Exactly!!! This is when I say, “A simple term will do!” This episode explains everything as to why a simple term may be the best way to start taking care of and protecting your family. Do me a favor and share this information with those you care about. You never know who might be needing this right now. TIA!

How did 2023 turn out for you? Was it what you expected or could you have done better? In this episode we talk about how we can change 2024 if 2023 was not what you had expected. Of course the number one point and key in every episode is to discuss money matters. My focus this year is to bring real life stories from clients, of course with their permission to share. I will be discussing the behind-the-scenes of some of the things I do for my clients as well as maybe some of the events we have. This is actually to show you the listener, what being a financial coach really entails. Why? Well, what if you’ve considered being in the financial services industry but are unsure if that’s in your wheelhouse? Don’t get me wrong. I love what I do but it’s not always easy. Especially when you have to file claims because a client of yours passed. But the reward of knowing you put a plan in place to protect their family is really priceless. You can never bring the loved one back but they can rest assured that their family will be OK financially. Bringing families, financial peace of mind is my number one priority and of the upmost importance to me. 2024 for MommyMoney Matters will be different but in good way. If you don’t follow this podcast yet make sure you do, you’ll be glad you did. Talk to you soon!

What better way to start off the New Year then with a financial plan in place to help reach your money goals. Before giving you any insight on what this episode is about, let me ask you a question, “if the next five years are like the last five years financially, would you be OK with it?” If the answer is no, this is the episode you want to listen to. We all started this new year of 2023 with certain money goals in mind. Maybe some of you are struggling financially and worrying about money is the worst. I’ve been there, done that. Financial stress can cause all kinds of health issues, including depression, anxiety, and hypertension. This episode will help you get started on your wellness to financial health & wealth, both physically and mentally. I’ll be sharing seven steps for you to get started on the right track toward financial wellness. These include identifying your spending habits, possibly a money diet, maybe needing to trim down the fat when it comes to spending, redefining a routine that works for you when it comes to money, setting the pace for saving money this coming year, pushing for the results you want to see this year. We encourage you to reward yourself for your discipline and hard work in accomplishing your money goals. Celebrating small wins is very important!! Don’t you forget that. Lets get started, shall we?

Happy New Year Everyone!!! Welcome to a NEW season of Mommy Money Matters this 2023!! We have lots of information of value to help assist in your money matters this year! Lets get started. Ever wonder how people stay focused throughout the year? What do they do differently? I use to wonder the same thing. A few years back I started doing some research and also partnered up with a broker/dealer where I have had the privilege to be mentored by millionaires in the financial industry. I quickly learned what makes them different than the rest. They are no longer the average Joe. They made decisions and have backed it up by action to separate themselves from the rest. So, what is it that they do? They have a VISION of what they want their future to look like. Then take ACTION to make it happen! How do they stay focused? Some use vision boards. Others use business plans. Then you have some that do both!!! In this brand new season and first episode of 2023 we’re going give you guidance and pointers on what to do to start your year off on the right foot just like what these millionaires do. If you don’t want a repeat of the past three years I suggest you listen in. This episode will help you with your new year resolutions, goals, dreams, affirmations, and manifestations!!! Whatever you want to call them. If this resonates with you then follow along and click the notification button to stay tuned in for new episodes. Here we go!!!!

Losing a loved one is never easy, and it can be especially difficult to talk to children about death. However, it's important to have an open and honest conversation with your kids about someone passing away. Personally speaking, this subject was taboo in our home. As children we don’t know nor comprehend all the emotions we’re feeling. Being honest and answering all the children’s questions is very important. Explaining that death is a natural part of life and that is ok to feel sad should be part of that conversation. Be as supportive as can be. Your children may be feeling a range of emotions, from sadness to confusion to anger. Let them know that it's okay to feel however they're feeling, and offer your support and comfort. Encourage them to express their emotions in healthy ways, such as talking to a trusted friend or family member, drawing or writing about their feelings, or participating in a favorite activity. Depending on the circumstances, you may be able to help your children say goodbye to the person who has passed away. This could include attending a funeral or memorial service, creating a special memorial at home, or writing a letter or drawing a picture to honor their loved one's memory. Remember, talking to your children about death is never easy, but it's an important part of helping them process their emotions and begin to heal. By being honest, supportive, and providing closure, you can help your children navigate this difficult time with grace and understanding.

As a financial coach and licensed professional, my number one priority is to make sure the family I sit down with clearly understands the importance of protecting their families and themselves with life insurance. We are living in tough times. According to the CDC we have a higher number of deaths than other years. I’ve always said that there’s one thing for sure, and that is death. We don’t know when that will be for most of us but death is certain. As an agent, I practice what I preach. But you’ve be surprised how often agents don’t protect their lives or let their policies lapse. If you’re an agent listening to this and don’t have coverage or have left your policy lapse your doing your family a disservice. So get it reinstated before God forbid anything should happen. We are not exempt from anything. If you just bought a house, got married, or started a family, the more the reason to protect your life for your loved ones. Especially if you’re the breadwinner! If you let your policy lapse due to financial hardship, contact your agent and ask for a way to reinstate or purchase an affordable plan. There’s always a way and it doesn’t have to be pricey. What I love about what I do is having access to 150 product providers to choose from. Which helps because all families have different needs and different household incomes. But there’s always something for everyone. It’s just a matter of doing your due diligence and getting informed. I personally do 30-45 min discovery calls for anybody interested in any of the services I offer as a free service. If you or anybody you know is looking into this feel free to reach out. Our motto is No Family Left Behind and that is my mission.

As we wrap up September and Life Insurance Awareness Month, I want to close with this episode. So listen carefully and act accordingly. It can save you and your family financial struggles. It saved my family in 2020. Don’t think it won’t or can’t happen to you because it does happen sooner or later. My goal is to bring awareness of how this information can benefit you and your family. Seriously think about what would you like your last letter to your children, spouse, mom, dad, siblings…say. Will they struggle financially to carry out your wishes or will they be able to follow through and be grateful that you kept them in your heart until your last breath. This is simply food for thought as you go about your day just like any other. Your life matters and so does life insurance. Speak to a licensed professional and do your due diligence. Don’t forget to follow and share!!

Why is it so taboo to talk about death in our community? As a mother let me tell you why, it’s the last thing I want to think about. I want to only focus on the life I want to spend with my children and family. But life doesn’t necessarily happen this way. Which is why I say, “be proactive instead of reactive.” Personally, I would never want my family to go through financial hardships let alone having to handle funeral expenses when grieving. This episode will give you an insight on what I personally went through but also why we had financial peace of mind. This month of September is Life Insurance Awareness Month and what better way to discuss the importance of it and options available out there. Listen in and protect what matters most, your life!! Make sure you do your due diligence before moving forward and make sure it makes sense for you and your family. Remember, your life matters and so does life insurance!!

When it comes to selecting your retirement plans, whether it be through your employer or another financial institution, how much do you really know about what you’re doing? Exactly!!! The majority of the time the average middle income individual doesn’t know what they’re doing nor do they understand the lingo. Which is why it is so important to learn more about the plans available. You have access to tax deferred and tax free plans. Do you know what those are and how they work? If you don’t, lets learn together. Do you know the age requirement needed to access your money penalty free? How about the options available to you should you get laid off and need to do something with your employer retirement plan? I’ll be honest with you, I sure didn’t!! I made mistake after mistake because I didn’t know what I didn’t know. Now, it’s a whole different story. I’ve informed myself and educated myself in financial services for many reasons, but one specifically, so that I could learn and not make the same mistakes again. So here I am now. My goal is to educate, inform and help others who need this information but don’t know how to go about it. Let my podcast be a resource for all families from all walks of life. I want this podcast to be your lifeline. What do you say? Feel free to share with friends, family and acquaintances!! Remember knowledge is power only if applied.

Nineteen states, including California, New York, Pennsylvania, Illinois, Michigan, and Minnesota, are considering following Washington's lead in taxing those who do not own Long-Term Care Insurance. Is this something you’re ready for? I’m guessing the answer is no. Because I sure am not. As a financial coach and agent I don’t have LTC in place!! For two reasons, first because up until a few years back I didn’t know my family’s medical history was of a concern and reason number two, I’m not in my fifties yet. Now it seems I may be making changes to my policy. So why should you consider Long Term Care? Here a four reasons why. 1) To protect their assets against the high costs of long term care; 2) to preserve their children's inheritance. 3) To make long term care services affordable, such as home health care and custodial care. 4) To provide themselves with more options than just nursing home care, and to pay for nursing home care if it's needed. Remember, Long-term care services help people live as independently and safely as possible when they can no longer able to perform everyday activities on their own. So, what should you do to avoid the possible Long Term Care tax in California? You must have a tax-qualified Long-Term Care Insurance policy following Section 7702(b) of the U.S. Code. Reach out to your personal financial advisor or agent for assistance. If you don’t have one, you’re more than welcome to reach out to me. Lastly, don’t wait for this law to take effect. Do it now!!

Hello everyone! We’re back!!! We have a lot of information to share with everyone. We might take a break here and there but one thing for sure. We aren’t going anywhere. With that being said, let’s address the elephant in the room. This social media talk about becoming or retiring a millionaire. As licensed professionals we get the side eyed or rolling of the eyes every time we bring up this topic. But have you ever asked yourself, what do they know that I don’t? This is why one of my most used phrases is “you don’t know what you don’t know!” But if you’re open to learning about it you’ll soon find out what that is. This episode discusses how retiring a millionaire isn’t to far fetched and why it’s such a big deal. In case you haven’t noticed a lot has changed in the economy in the past three years. How you make your money work for you now will have a great impact on what your retirement future looks like. If you’re not sure where to start then I’m talking to you. Don’t procrastinate! Start your financial planning now. You’ll be glad you did. I can assure you of that. If you have any questions feel free to email us at info@mommymoneymatters.com or simply visit our website for more information at mommymoneymatters.com

The title of this episode was actually a question from one of my followers on Social Media. So I decided on turning it into a podcast episode to reach the masses. In this episode I share five tips on what I personally recommend when getting started with investing. Please keep in mind these are only recommendations and for informational purposes. For further assistance contact a licensed financial professional. I do want to reiterate that starting young is the BEST place to start. There’s a lot to learn about how money works and how you can make it work for you. Don’t spend 40+ years working for your money and not learn about the options you have to growing your money and placing your self in a better situation financially. Listen in and share with your young adult children. For more information feel free to visit our website at www.mommymoneymatters.com

This episode is focused on giving you information regarding what to do when it comes to your money matters. We’re specially, addressing the elephant in the room, which is the insolvency of banks. What to do and how to go about in protecting your money. First things first, do not panic. As you already know, the federal government is already on top of it, and making sure that all the customers who have money in these banks, don’t lose their money. There are plenty of reasons as to why a bank becomes insolvent, so listen in to episode and find out some of the reasons why this happens. Although, I highly recommend you putting your money where millionaires do. Keep listening to find out where that is. Also, we have great news! We did a soft launch of our website late last week! Make sure you go and check it out! Give us any feedback in regards to it and input on what else you’d like to see on the website. Feel free to subscribe to our email list so that you can get our monthly newsletter with all kinds of tips when it comes to your money. If you’d like to send us an email, feel free to do so at Info@mommymoneymatters.com . Don’t forget to visit our website at www.mommymoneymatters.com.