Gaby Delisme

Sears, Files for Bankruptcy; What Does That Mean for You 

Sears, Files for Bankruptcy; What Does That Mean for You 

If you’re asking what how this correlates to you as an individual, we’re turning that corner right now. When I think of the Sears story, I think of how critical evolution and prudent decision making are to success. Sears lost their way. They became less and less relevant and sometimes we as individuals go through the same thing. Sears thought the answer was to keep pouring money into the company without changing the strategy. Throwing good money into a bad or outdated strategy is no different than using cash to feed a bonfire. Let’s identify the areas in our lives where we need to course correct, put a plan in place, and take action to achieve our goals. 

Some Sales are Hard to Pass Up

Some Sales are Hard to Pass Up

Within a matter of weeks, the item that was marked down to $40 jumped to $135. The original price of the blazer was $180. They are great quality and last for years, but that price point is more than I am willing to pay for a garment of clothing. When I notice they are having a sale, I proceeded quickly to identify what I wanted and ended up buying 5 blazers that day. If you’re asking yourself how does this relate to the stock market, I’m getting there. 

The Stock Market is Crashing

The Stock Market is Crashing

On October 10, 2018, at 3:45PM EST, I looked at my account and all I saw was red. All I could ask myself was “what the heck is going on today”. I didn’t know if what was happening was related to the political climate in the U.S. or if something had taken place internationally. I flipped on CNN and Bloomberg and saw, “BREAKING NEWS - STOCK MARKET DOWN 800 POINTS”. 

Everyone is panicking and selling out of their positions. 

Stretch IRAs: A Way to Avoid Taxes & Create Generational Wealth  

Stretch IRAs: A Way to Avoid Taxes & Create Generational Wealth  

In order for this strategy to work, we have to increase the financial literacy within our families and communities. We must be aware and also make the next generation aware of the tools that can be in their toolbox. Take a few minutes to share this article with someone who will benefit from what you just learned. 

The Cost of Less Than Perfect Credit 

The Cost of Less Than Perfect Credit 

 Have you ever sat and evaluated the cost that you are paying for your credit?  Have you ever wondered what that number translates to in hard dollars over the course of a month, year, or even the life of a loan? Well, in this article, you’ll have an opportunity to see and compare the cost of credit. 

Using IRAs as Part of Your Tax Planning Strategy

Using IRAs as Part of Your Tax Planning Strategy

We aim to share strategies that are designed to help individuals increase their net worth, increase the value of their estate, and ultimately build generational wealth. Achieving any goal starts with a plan and tackling it strategically. Our financial goals are no different. Tax planning is one aspect of personal finance that we need to keep in mind on the way to hitting our targets. 

So You Think You Don't Have Enough Money to Invest, Guess What You Actually Do

So You Think You Don't Have Enough Money to Invest, Guess What You Actually Do

If you have a Netflix membership, you do have (or at least you did have) money to invest. You  just allocated the money to your membership instead of purchasing the stock. Shift your mindset from consumer to saver, investor, and wealth builder. 

Anger: Are You Poisoning Yourself

Anger: Are You Poisoning Yourself

I’ve read that “holding on to anger is like drinking poison and expecting the other person to die”. What happens when you are the other person? I’m speaking of a situation where you are angry with yourself. What happens when you are angry with you? In my experience, this can lead to a debilitating scenario where you give up on yourself or aim lower than your best. It can lead to poor decision making based on guilt, shame, or unworthiness. It can cause you to sabotage your progress. These are just a few of the negative effects of anger and not forgiving yourself or others.

7 Steps to Thanksgiving Success

 7 Steps to Thanksgiving Success

$4.99 per person is what the American Farm Bureau reports will be spent for Thanksgiving dinner. That means a family of 10 would spend just under $50 for the entire meal. Is that close to what you plan to spend? Sometimes, we overspend on the meal and overindulge during the meal. We stuff ourselves to the point were we become lethargic and cannot move. This overindulgence harms us physically and financially. Use the action plan below to help you maintain your financial wellness. 

Here's an action plan to help you enjoy the holiday while achieving your financial goals.  

2018 Planning: 7 Tips to Help Yield the Results You Desire

2018 Planning: 7 Tips to Help Yield the Results You Desire

I'm going to FinCon18! FinCon is where money nerds like myself go to become even better money nerds and better business people... #iLoveMyNerdStatus

Where can you invest to yield the results that you want? This is a conversation about how we invest our resources. Money, time and energy are resources. This is a conversation about opportunity costs. Investing in some things require that you forego other things. This is a conversation about business (planning and sustainability). 

I share this story because you are in the business of you and it’s your responsibility to be successful along your journey.

Here are 7 tips to help yield the results you desire while on your journey to success.

Medical Bills & Advocates

Medical Bills & Advocates

Medical bills are the #1 reason people file for bankruptcy in the U.S. It is estimated that 56 million Americans are struggling to pay their medical bills. I had just let my Cobra coverage go because it was costing me $600 a month out of pocket and I twisted my ankle. I thought the pain of the injury was ridiculous until I started receiving the medical bills and then the phone calls. If you are considering filing for bankruptcy because of medical bills, explore and exhaust all of your options. Know that you are not alone. Be strategic and empower yourself. 

Marriage & Money

Marriage & Money

I read a story in a magazine column recently where a woman was asking for advice. She caught her husband of 11 years cheating and was having trouble deciding whether or not to stay in the marriage. From the little bit that the woman shared, I could sense the turmoil and conflict she was experiencing. It’s easy to say “I’d leave him” when you have nothing vested in the marriage. I can’t say with certainty what I would do, but I looked at the story from a personal finance perspective and thought I’d share my personal thoughts and suggestions on some things that I would think about during this crisis.