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An Eye-Opening Exercise

Written by Barbara Huson

Having trouble getting a handle on money? Try this eye-opening exercise. I call it The Sacred Wealth Circle.

On a blank piece of paper, draw a large circle. Inside the circle, write the names of people you can talk to about money.

Then, outside the circle, write down the names of people you are close to, but can’t discuss finances with because they tend to be naysayers or aren’t interested.

What did you discover?  If you’re like most, there’s not many names inside your circle.

Finding support is critical to gaining financial savvy—from friends, family, mentors and role models. While no one can do it for us, we cannot—should not—do it alone.  

The world needs more supportive communities of women talking openly, candidly about topics that have been taboo for centuries: money, wealth, and power.

That’s why I created my online community,The Wealth Connection—a safe place to talk about money, as women. If you’re interested, click here to learn more.

I’d love to hear what you discovered from doing this exercise? Leave a comment below.

Did you miss my free call, The ReWIRE Response: Mind Training for Wealth & Well-Being? I shared 3 simple steps to train you mind to rewire your brain. Click here to listen

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Unexpected Miracles & Exciting Changes

Written by Barbara Huson

Sometimes change comes quietly, unexpectedly, when everything lines up perfectly. Tiny miracles, cosmic winks, unmistakable signs that a Higher Power is orchestrating the whole thing. That’s exactly what happened for me last weekend.

It all began at a Seattle Lady Bosses event, an amazing gathering of women entrepreneurs. Seated in small groups, we were asked to briefly introduce ourselves. When my turn came, I said, “I’m Barbara Huson, a Wealth Coach.”

Then something surprising happened. That title didn’t feel right, like a dress that no longer fit.

“Wait!” I said, without a clue what was coming next. “What I really am is a Financial Therapist.”

I’d never used those words before! Yet it felt like a moment of self-revelation, a declaration of a deep-seated truth.

I’ve always called myself a coach. Yet I was trained as a psychotherapist. My true passion is diving in deep with a financially challenged client, tunneling through the darkness to find the light, revealing and removing what’s blocking her from creating the wealth she desires, the life she deserves and the power she’s denied.

I also love talking about investing, creating wealth. But number crunching…not so much. I guess I assumed I had to do it as part of the package.

Meanwhile, sitting next to me is Linda Lingo, a ReWire client, Wealth Connection member, a CPA and financial coach for women. I’d had my eye on Linda for years, impressed with her knowledgeable (and compassionate) responses to financial questions from others on our calls.

And there she was, having just flown in from California. Divine intervention at its finest. The next day, we met. We talked. We got excited. And a few days later, we signed an agreement.

I’m thrilled to announce that the incredible Linda Lingo, CPA, is joining my team as a Financial Planning Coach. She’s ready to help you with budgeting, retirement planning, investment strategy, debt repayment. Click here for the details.

Now I can focus on what I do best: Financial Therapy. Truly a miracle!

Have you experienced any unexpected miracles lately? I’d love to hear about it. Leave me a comment below.

And if you live near Seattle, I urge you to check out Lady Bosses: http://seattleladybosses.com/lady-bosses/ 

The world needs financially empowered now more than ever. That’s why I’d like you to join me for a FREE call on April 16th. Register now for The ReWIRE Response: Mind Training for Wealth & Well-Being.

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Taking Your Power Back

Written by Barbara Huson

Check if any of these apply to you:

  • You’re angry, but don’t say anything.
  • You’d like to say ‘no,’ but you can’t.
  • You want something, but don’t ask for it.
  • You get an idea but don’t act on it.

If you’ve checked even one, it’s a sign you’re giving your power away. And I promise, you’re not alone.

The question is: Why are so many women reluctant to say what we think, feel, or need? 

Mostly, to avoid conflict. We’re afraid if we take a stand, we’ll be rejected, disliked, or disapproved of. Instead, we water ourselves down so as not to make waves.

Over time, such acts of self-betrayal destroys our self-esteem, our level of success and quality of life.

Good news! If you can give your power away, you can also take it back. How? 3 Steps.

  1. Ask yourself the Power Question—What do I want? Not what does my husband, or kids or boss or society wants. What do I want? This isn’t a question we’ve often asked, so it may take time to answer.
  2. Look for opportunities to say no to what you don’t want, ask for what you do want, and express what you feel and think. If this is new, it will be very uncomfortable. Do your best.
  3. Get support. Seek out people to be cheerleaders, sounding boards and role models. We women need support when things are scary. And risking backlash can be very scary. But when you think about it…self-betrayal is even scarier.

I’d love to hear where you’ve given your power away…and how you took it back! Leave me a comment below.

If you desire power and control over your money, have a reliable and are no longer debting, I’d like to invite you to schedule a FREE Wealth Clarity Call with one of my team members. Schedule your call now!

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No More Claw Marks

Written by Barbara Huson

There’s a story about an experienced mountain climber who trips, falls and is clinging to the side of a ledge.

“Help me, God,” she cries. Then she hears a voice:

“I’ll help you Sadie, but first must do one thing,”

“I’ll do anything,” she cries.

And the voice replies, “You gotta’ let go of the ledge.”

That’s what adversity continually calls us to do: Let go of what is holding us back. If you’re struggling with a seemingly insoluble problem, ask yourself, right now: What do I need to release? And see what comes up.

It may be something tangible, like a job, a relationship, a geographic location. Or it could be an attitude, belief or emotion, like anger, fear, or self-doubt.

I promise you one thing: it’ll probably be what you’re most afraid to give up.

Why is this important? Because letting go creates space for something new to enter.

What do you suspect you need to let go of? Share in the comments.

Wondering where to begin on Your Path to Prosperity? Take this short quiz to find out. Click here.

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What do Money and a Chainsaw Have in Common?

Written by Barbara Huson

“Only those who have a real and lasting sense of abundance can be charitable.”~ACIM

As I see it,  money is merely a tool for living life on your own terms. But like any tool, you must understand how to use it skillfully and wisely to get the maximum benefit with minimum risk.

I think of my husband’s chainsaw which he expertly operates. In my hands, it would lead to disaster.

Let me give you the simple Instructions for skillfully handling money (also known as the 4 Rules of Wealth): 1)  Spend less; 2) Save more; 3) Invest wisely; 4)  Give generously

The first 3 are the How-to’s. The 4th is the Why.

If you’re having a hard time following the how-to instructions, perhaps you need a stronger, clearer why. This is what motivates women to become financially successful–not just having more money in the bank, but using it to help others.

 Those who master all four become what I call  Affluencers—women who not only create wealth but wield significant influence, in areas they feel passionate about.
What’s your Why? Leave a comment below.
If you enjoyed these “Words of Wealth”, head over to my website and sign-up for my FREE weekly newsletter at: www.barbara-huson.com
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The Psychology of Affluence

Written by Barbara Huson

Scott Fitzgerald once said to Hemingway “The rich are different from you and me.” To which the other author replied: “Yes, they have more money.”

True. But let’s take it a step deeper. The reason the rich have more money, I believe, is that they think differently.

My family was wealthy. So were most their friends. I’ve talked to thousands of affluent women. One day, I made a list of things I consistently hear them say, or imply. I’m not talking about highly paid celebrities that go bankrupt, but those who sustain their wealth over a long period.

I came up with 9 common threads that seem to represent how they think.

  1. I am confident about my ability to create wealth. It’s part of my self-image
  2. I respect money and I value myself.
  3. I understand and follow the financial basics.
  4. I see no obstacles. Only opportunities.
  5. I talk possibility. Not limitation.
  6. I’m willing to do the tough stuff (that scares everyone else…and also me!)
  7. I know how to use risk to amplify my wealth.
  8. I rely on a team to help me manage my money.
  9. I take responsibility…for everything.

These 9 traits make great affirmations. There are probably more. Anything you’d add to this list? Share in the comments.

Wondering how to take charge of your money? Don’t know where to start? Take my short Path to Prosperity Quiz to find out. Click here.

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Are You Wealthy?

Written by Barbara Huson

Raise your hand if you feel wealthy. (I’m specifically talking about money here.) If not, how much do you need to feel wealthy?  Think about it.

 

One thing I know for sure, wealth is not an amount. It’s a mindset. I’ve met women worth over $10 million who don’t feel rich. I know many who have far less, like me, and consider themselves wealthy.

 

What we need is a universal definition of wealth. And here’s what I propose: wealth means you have more than enough. 

 

In other words, you know you’re wealthy when money ceases to be a source of stress and becomes a useful tool for creating the life of your dreams.

 

What would it take to make you feel wealthy? Leave a comment below.

Money: Thy Name is Woman

Written by Barbara Huson

Women with money and women in power are two uncomfortable ideas in our society. ~~Candace Bushnell

Do you know  the origin of the word “money”? It might surprise you.

The English word for money came from a Roman goddess, whose name was Juno Moneta. In ancient Rome, she was the guardian of finances. Her temple became the first treasury. It was in her temple that the earliest coins were minted.

Think about what this means. As women, money and power are our birthright. Don’t let anyone try to tell you otherwise!

I’m curious. Did the fact that money was named for a Roman goddess surprise you? Leave a comment below.

Wondering how to take charge of your money? Don’t know where to start? Take my short Path to Prosperity Quiz to find out. Click here.
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Is This the New Normal: Funds Without Fees?

Written by Barbara Huson

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!

Written by Barbara Huson

“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!

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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