Financial Profundities September 2009
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Greetings!
Hello and welcome to Financial Profundities, an ad-hoc e-newsletter designed to inspire thought-provoking conversations about the intersection of money, choices, relationships, and life.
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Exciting News to Share!

I am delighted,
beyond measure, to share with you that my book, "Financial Intimacy,"
published by Chicago Review Press, will be released and available in bookstores nationwide on October 1!
We
all have experience with love; we all have experience with money. But how about
managing money's emotional impact on our romantic relationships -- effectively and with compassion? Because
it is culturally taboo in the American society to talk about money, many of us do not have a
framework for constructively talking about the intersection of love and
money. The result: fractured relationships or simply missing out on the
opportunity to learn more about our mates and grow together. With
" Financial Intimacy," I endeavor to turn money into the unlikely tool
that brings couples together. It is tiered into three primary sections:
In " Other People's Stories," I provide diverse case studies of what
women are experiencing in real-time as they manage the intersection of love and money; in
" Your Story," I outline why it is critically important for you to know
why you do what you do with money and how that affects what you expect
of the mate you have (or the one you want); and in " You and Your Mate," I
offer a framework for how to get the conversation started and how to
keep it going. Check out our Facebook Fan Page for information about upcoming book related events, including our book party on October 21 at the Tea Lounge in Brooklyn, NY.
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Get Back to Basics and Save Your $anity
What began as a response to the fall 2008 financial meltdown has morphed into a staple offering to help you create a customized approach for managing all facets of your financial life. The next installment of this seven week tele-course will commence on September 22.
Course details at a glance: Week #1 - Create a Clean Slate - 9/22 Week #2 - Get Clear About Your Life Goals - 9/29 Week #3 - Get to Know Your Dominant Financial Behaviors - 10/6 Week #4 - Create a Financial Roadmap, Pt. 1 - 10/13 Week #5 - Create a Financial Roadmap, Pt. 2 - 10/20 Week #6 - Create a Career Roadmap - 11/3 Week #7 - Wrap-Up & How to Stay on Track - 11/10
Plus a thirty-minute 90-Day follow-up session (February 10, 2010) Time held: 8:00 p.m. EST Format: Each session is sixty-minutes in duration, held over the phone, and recorded. Your investment: Time - 450 minutes of course time and homework Cost: $147, plus the cost of the e-workbook - $21.95 Ways to Pay: Single Payment or Installment PlanCourse benefits: - Gain greater clarity and the ability to focus on what you can control
- Reconnect with timeless, yet timely, financial principles
- Learn how to be strategic, but fluid, so that you can thrive regardless of outside market forces
What others have said: "...thanks for guiding me to a healthier financial foundation." L. Chappell (Spring '09) "
Jacquette demystifies what drives people with their money
and how to think
differently about it." N. Kim (Winter '09)
Click here for more information.
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"Talking Live" Series
Our "TalkingLive" series will resume on October 14 with a provocative session featuring Richard Bregman, founder and chief executive officer of MJB Asset Management. Several years ago, Richard, a lawyer, CFA, and advisor to high-net-worth individuals and retirement plan sponsors, was beginning to lose his faith in the age-old investment wisdom to buy and hold. At the height of the last bull market, when everyone else was buying, Richard was pulling back and reducing his clients' exposure to equities. For anyone who isn't a day-trader, his approach did and continues to go beyond that of a contrarian; he challenged the foundation of modern portfolio theory. It is this kind of radical thinking that we need to ensure we do not fall into a philosophical rut -- to ensure we are taking the path of least resistance and the path that will provide the most benefit! Join us on Wednesday, October 14 for our tele-seminar, " Buy and Hope" to learn what inspired Richard's change of heart and how his clients reacted and benefited. It will definitely be a lively conversation, one that just might inspire you to change the approach you take to managing your assets. Next tele-seminar: Wednesday, November 4. I will interview Kathryn C. Mayer, author of " Collaborative Competition: A Women's Guide to Succeeding by Competing." Details to follow, but in the interim mark your calendar.
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September's Ruminations
This time last year, I was feverishly working to meet the deadline for my manuscript. Back then,
October 1, 2009 seemed so very, very far away; now, this date (mostly important
to me, I realize) is right around the corner!
This time last year, very few people knew our economy was on the precipice of falling
into complete disarray. On September 15, 2008, the financial world as
we knew it was forever changed. In the immediate days, weeks, and
months to follow, it was hard to imagine a recovery happening any time
soon. Yet, today, we find ourselves nearly six months into an
unprecedented recovery with the Dow up almost 50% and the Nasdaq
up more than 50% since March. In addition, home sales are increasing and the
GDP decline is shrinking, inching towards positive territory. These changes seemed unfathomable in the fall of 2008. By any measure, they represent a quick rebound; unless of course you are one of the many who lost a
job or house at the height of the financial mess and are still waiting
for your personal financial turnaround.
Thinking about my
deadline and pending book release and the financial meltdown and
recovery in progress brings to mind the difference between on time and in time. It is a subtle difference to be sure, but I find that it is far easier to wait on time mostly because the outcome is typically known and has a definitive date tied to it. Far more challenging is waiting in time, as this usually happens when you have absolutely no idea how long it
will take for your desired outcome to manifest, or if it will happen at
all.
Time doesn't wait for you or me, and I find this strangely reassuring. It reminds me (and hopefully you, too) that waiting on time or in time doesn't mean a lack of movement -- either way, change is underway.
All the best,
Jacquette M. Timmons
Sterling Investment Management, Inc.
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