Money, Money, Money

Hi Everyone:

I was talking with a gal not so very long ago- a widow who had an attorney who wanted her to sign all of her money over to him. Fortunately, she took her time getting back to the attorney and talked the idea over with a trusted male friend, first.

“NO!!!” he shouted. “Do not EVER sign over your money to someone else’s care.” It turned out that several widows in that area had done that, with this very same attorney, and he left them bereft.

She demurred and still has her money today. Folks, and especially ladies, you may have been taught as a young woman to always submit to male power figures in your life, so that they could “take care of you.”

It’s time to put your big girl pants on. Yes, you may have had your financial interests “taken care of” by your significant other, but now you are on your own, sweetheart. Nobody cares for your money like you should.

Yes, I know that “the love of money is the root of all evil.” Copy that, friends. Gotcha. I am not suggesting hoarding money or becoming a penny pincher. Nope.

What I am telling you is that you no longer have the protection of a male, most likely. You have to become financially savvy and you have to do it pronto. (Gentlemen, perhaps your wife always took care of the finances, so I don’t mean to exclude you, but my years of business experience and interactions with many wives at home decorating parties showed me that some of these women could not spend $5 without asking for their husband’s permission (which was never, ever granted), so bear with me here.

Double-check figures from all sources. Balance your checkbook. Keep track of expenses. When you get any legal documents, double-check those figures and do not be afraid to ask questions, even if you have to ask more than once.

You could be talking about a substantial chunk of change here, so you absolutely must be vigilant about the whole thing. Be nice, be firm, and get your questions answered. Keep asking until you understand what’s happening.

Nobody else will care as much as you do. Nobody else is going to be responsible for paying your bills. You are going to have to pay your way, and you may have to do so for the rest of your life. Ask, ask, ask, and be like the squeaky wheel until you get the answers you need. You’ve got this!

Do you have any suggestions to offer my readers on how you have handled this? I would love for you to share some tips that have worked for you. That way, we can learn from one another. Thanks in advance.

Best,

Dr. Sheri

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