Archive for Financial Planning

Raising Wealthy Kids by Melanie Jane Nicolas

Last weekend I was in Chicago to participate in Loral Langmeier’s 3 Days to Cash seminar.  My mission was to learn how one of the original Shark Tank Sharks – millionaire maker Loral Langmeier teaches people how to make money. I met some amazing people – one of whom is Melanie Jane Nicolas, author of Amazon Best Seller Raising Wealthy Kids: 7 steps for creating the First Financially Responsible Generation.  Melanie Jane is the guru of financial literacy for kids.

In case you don’t read any further, let me give you Melanie Jane’s website right now. Consider this “legal advice”: Buy this book. Do the exercises. Let this process transform your financial life, your marriage and how you raise your kids. Now onto the book review.

Melanie Jane is on a mission to end the epidemic of FOG™ – Financial Overwhelm Generation. She has created a process that parents can follow to teach themselves and their children how to think about money more productively. She calls it the WEALTHY™ Blueprint.

W – Write down your money beliefs
E – Evaluate your own money values
A – Affirm and Assimilate your family’s core money values
L – Lead your children to financial freedom
T – Transform your money values into a system
H – Help your kids earn money
Y – Young Entrepreneur Creation Movement

Teaching kids about money isn’t happening in the schools, so Melanie Jane has created systems for families to learn and teach it in their homes. She founded Kids Wealth International Clubs™ where she created camps and programs to help families transform their money consciousness. Seeing how crucial it is for parents to be involved in their children’s financial education, she founded APPEAR – the Association of Proud Parents Educating About Riches. This young mother of four young children is a dynamo.

I wish Melanie Jane had been around when I was raising my son, Peter, so I could have gotten my financial life together much younger and conveyed those new improved money values to him. Peter’s wonderful wife Allyson is –among other things – an economist and has given him the sound financial education I didn’t. Thank the Universe for do-overs.  It’s only to late if we don’t start now!

Rise, Phoenixes, Rise!



Will I Ever Be Able To Retire?

I count myself as a fellow phoenix for good reasons. I have been a single mother with no visible means of support who relied on credit cards for necessities as well as emergencies. I’ve done very little conscious retirement planning.  I have used some of my meager retirement savings to dig myself out of a hole – more than once. I have a small retirement savings that will not get me to my life expectancy of age 91. I have no pension. And I have filed bankruptcy. I too am climbing out of the ashes of financial ruin.  I’ve been telling people I’ll have to work until I’m 85 before I can retire.

So finally, I went to to use their retirement calculator. You tell it how old you are, how much retirement savings you have now, how much you are saving per month, what kind of lifestyle you intend to live in the future (current lifestyle, scaled back or more elaborate), your anticipated retirement income (Social Security and pensions) it tells you how long you have to keep working. I was thrilled to learn that I can retire at 75 rather than 85.  And if I save more and/or scale back my life style (not likely) I can retire even sooner.

I heard somewhere that we teach what we most need to learn. So I am applying years of study as a consumer bankruptcy lawyer and my personal experience to this project, Being the Phoenix™.  I’m sharing with you,reader, the lessons I need to learn.  Go to and find out whether your current mode of savings and earnings is going to get you where you want to go when you want to get there. And then join us here to find out what you can do to accelerate your learning curve and fly higher sooner!

Rise, fellow phoenixes, Rise!


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