Tag Archives: Financial Independence

The Facts Of Life: What Every Woman Should Know About Money (1992)

From www.moneymanagementarticles.wordpress.com and

http://financiallyindependant.wordpress.com

Article Title: The Facts Of Life: What Every Woman Should Know About Money (1992)

Shared by: Craig Lock
Category (key words): Money, money management, finance, women, financial success, financial independence, personal finance, money booksbooks on money management (enough there now)

Web sites: http://www.amazon.com/-/e/B005GGMAW4 and http://www.creativekiwis.com/amazon.html

Craig’s blogs (with extracts from his various writings: articles, books and new manuscripts) are at http://craigsblogs.wordpress.com

Other Articles by the submitter are available at: http://www.selfgrowth.com/articles/user/15565
(Personal growth, self help, writing, internet marketing, spiritual, ‘spiritual writings’ (how ‘airey-fairey’), words of inspirationand money management, how boring now, craig)

Publishing Guidelines:
We hope that the following article (an extract from one of Craig’s early manuscripts, ‘THE MAD MONEY BOOK’ written in 1992 may be informative and helpful to you.

‘We share what we know, so that you and your money may grow.”

#

The Facts Of Life

What Every Woman Should Know About Money

(Whether Married Or Single)

By Craig Lock

How to make the most of your “hard-earned” money (1992)

Money can’t buy you happiness.
But it helps you to be miserable in comfort.”

Fact One: Most of the financial hardship experienced by women in later life is due to someone refusing to face facts early on.

Fact Two: Women need to prepare for financial independence as much as men do:

These days one does not hear so much about the “family breadwinner, “largely because so many women either provide for themselves or make a substantial contribution to the FAMILY INCOME. But what happens if your husband dies and his income dies with him? Suddenly you are prevented from working. All to often the result is a dramatic fall in the family’s standard of living and in their quality of life. And this happens just at the time creature comforts are most needed to soften the blow. No amount of money can bring back a loved one, but quite small amounts set aside regularly can make the difference between sadness and absolute despair for you and your children. The only way to be sure you can cope is to do something about it yourself– to make sure you are adequately provided for.

Fact Three: Three out of four women have no personal savings.

Fact Four: Women live longer and so have a greater chance of being left alone.

Fact Five: One marriage in three ends in divorce, desertion, or separation.

Fact Six: Thinking about what might happen doesn’t make it happen.

The Final Word

Hope this information has been helpful to you.

Good luck*

Craig Lock (Eagle Productions)

originally written in 1992

* “luck”, as ‘they’ say, is where preparedness (is there such a word?) meets opportunity.

“Whatever the mind can conceive, can be achieved.”
– Goethe

“Believe in yourself and in your dream,
Though impossible things may seem
Someday, somehow you’ll get through
To the goal you have in view.
Mountains fall and seas divide,
Before the one who in his stride
Takes a hard road by day
Sweeping obstacles away
Believe in yourself and in your plan
Say not – I cannot – I can
The prizes of life we fail to win
Because we doubt the power within…”
– anon

About the Author:
Craig has worked for “many moons” in the financial services industry (in the days when he had a “proper job”)…before becoming a writer. He has studied and written extensively on money matters: articles, brochures for financial institutions and books.http://www.craiglockbooks.com and http://www.selfgrowth.com/experts/craig_lock.html

The various books* that Craig “felt inspired to write” (including his various books on money management) are available at: http://www.amazon.com/-/e/B005GGMAW4 and http://www.creativekiwis.com/amazon.html

Hard-copies and e-books, fiction and nonfiction: self help, novels, travel, humour, writing, inspiration and money management

THIS ARTICLE MAY BE FREELY PUBLISHED

“If you have knowledge, let others light a candle to it.”

 

– Margaret Fuller

 

PPS

“Success is to be measured not so much by the position that one has reached in life, as by the obstacles which he (or she) has overcome while trying to succeed.”
– Booker T Washington

 

From www.moneymanagementarticles.wordpress.com and

http://financiallyindependant.wordpress.com

The Basics of Life Assurance

From http://moneymanagementarticles.wordpress.com/ and http://financiallyindependant.wordpress.com/

Article Title: The Basics of Life Assurance
Shared by: Craig Lock
Category (key words): Life Assurance, Life Insurance, Insurance, Insurances, Financial Success, Personal Finance, Money, Money Management, Financial Independence (enough there now, craig)
:Web sites: http://www.amazon.com/-/e/B005GGMAW4 http://www.creativekiwis.com/amazon.htmland www.lulu.com/craiglock

Craig’s blogs (with extracts from his various writings: articles, books and new manuscripts) are at http://craigsblogs.wordpress.com

Other Articles by the submitter are available at:http://www.selfgrowth.com/articles/user/15565
(Personal growth, self help, writing, internet marketing, spiritual, writing, internet marketing, spiritual, ‘spiritual writings’ (how ‘airey-fairey’), words of inspiration and how to money management (how to manage your hard-earned money), how boring now, craig)

We hope that the following article may be informative and helpful to you. If it helps others “out there” in any way, then we’re happy.

“We share what we know, so that you and your money may grow.”

*

THE BASICS OF LIFE ASSURANCE

“In this world nothing can be said to be certain except death and taxes.”

– Benjamin Franklin

A life assurance policy is one product you can’t test before buying. This makes it all the harder to choose from the huge range of policies on offer from various companies. It is especially difficult when faced with a persuasive salesman or woman, who often cannot explain why their company’s product is superior to others available on the market. In this we have assumed that the salesman has identified that you have a genuine need or shortfall of cash in your estate should you die (“fall of your perch” sounds better, less harsh). Oh dear! (Bear in mind that a minority of “unscrupulous” salesmen might attempt to disturb you by creating a life assurance need when there is none).

Therefore, it is vitally important to analyse your needs (financial) carefully and buy the assurance that is right for you.

For example , whether you buy or rent life assurance will depend on the family budget. Let us look at the difference between what is termed permanent and temporary assurance.

To buy: Permanent assurance has a savings element with an increasing cash value each year and promises a guaranteed minimum pay out after x number of years; therefore it is ideal for saving for the future.

To “rent”: On the other hand, term assurance provides cheap cover for a certain period of time with no payout at the end. Most modern policies are in effect a combination of permanent and temporary assurance and are so flexible that a special tailor-made plan can be packaged for every individual need. As a result, there are infinite number of choices in savings amounts and life covers.

Here are some simple guidelines to help the “man (or woman) in the street”* choose a life assurance policy:

* sounds rather funny, that expression!

* TYPES OF INSURANCE (or ASSURANCE):

There are three basic types of life assurance policies:

1. Those that provide assurance against death, disability, illness or hospitalisation. Put simply, insurance replaces income by providing cash at an unknown time in the future. Regular savings or investment contracts provide further capital ( a ‘fancy’ term for money) on retirement, for children’s education, starting your own business, a new car or an overseas holiday.

Lump sum capital investments provide monthly income (also called annuities) for further capital growth. These are called insurance bonds or single premium plans. In New Zealand and Australia the tax on the investment earnings of all life assurance policies is paid by the company, so the growth is tax-free to the customer (as it is currently and expected to remain so).

In my next article, we will have a look at

THE TEN GOLDEN RULES IN BUYING LIFE ASSURANCE:

Happy buying your financial security… now and in the future

Craig Lock (Eagle Productions Books) “Information and Inspiration Distributor”

“Eagles may fly high, but weasels don’t get sucked into jet engines.”

About the Author:

Craig has worked for “many moons” in the financial services industry, life assurance (in the days when he had a “proper job as a ‘straight insurance man’ in the corporate world” *)…before trying to become a writer. He has studied and written extensively on money matters: articles, brochures for financial institutions and books.

* And his life has changed markedly since those days in the distant past, another world.

http://www.craiglockbooks.comhttp://www.selfgrowth.com/experts/craig_lock.html

The various books* that Craig “felt inspired to write” (including his various books on money management) are available at: http://www.amazon.com/-/e/B005GGMAW4http://www.creativekiwis.com/amazon.html

and www.lulu.com/craiglock

All proceeds go to needy and underprivileged children – MINE!

“Writers should think like a business-person; but then any business-person would have the good sense not to become a writer.”

What’s the definition of an aspiring writer? A waiter!

Cut that out now, craig… you’re meant to be writing about how to best manage your hard-earned money.

Better go back to your old job then (sorry, too late)!

THIS ARTICLE MAY BE FREELY PUBLISHED

Don’t worry about the world ending today… it’s already tomorrow in “little” scenic and tranquil New Zealand

PPS: As they carry me to my deathbed, I’ll be saying: “Lord, Can you just give me one more hour to finish off one last article. PLEASE!”

– craig (as inspired by the quote of singer, Barry Manilow)

”Í’m not scared about dying

I just don’t want to be around when it happens.”

– Woody Allen