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| This Week In Your Wallet |
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A new survey finds that 64% of people have applied for jobs outside their industry or usual role, driven by the search for better pay, more stability and real flexibility. If you’ve been wondering whether it’s time for a change, you’re in good company. For proof it’s never too late, meet Carole Hopson, a former journalist and executive who became a commercial pilot at 50. In a field still dominated by white men, Hopson shows up in her uniform, pearl necklace doubling as a lanyard, nails painted robin's-egg blue, and hits the friendly skies. "Her proudest role is as a mother," reports The Washington Post, "and being a pilot is actually more conducive to motherhood than others assume."
Forget "aging in place." As Architectural Digest reports, many seniors are rewriting the script when it comes to housing – think co-housing communities, beach houses with their children and grandchildren and even residential cruise ships (yep, they’re a thing). Two retired educators from Alaska discovered that life aboard a ship — at $2,999 a month — didn't cost much more than their life back home. "It's a very convenient life," says Andy Lewis. "Twice a week you get your laundry done and your cabin cleaned. All your meals are prepared. For breakfast, some days I like to go get myself some bagels and lox, or an espresso, and go sit on the back deck." Sign us up!
Father’s Day is Sunday – and while it’s all about celebrating the dads in our lives, we asked three powerhouse fathers what financial lessons they’ve passed on to their kids. One that stuck with us? Investing can be a family activity. "As my daughters have gotten older, I’ve started a stock trading account for them, and we’ve invested some of their savings into the stocks of companies that we researched together and they selected," Brian Stahl, President of Range of Motion Products, tells HerMoney. "It serves as a great way to have a bigger conversation with my daughters about what companies do, PE ratios, market capitalization, stock analyst reports, and so much more. As a father, it gives me so much joy to answer my daughters’ questions." |
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| Things That Save You Money |
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| From The Only Woman In The Room To $8 Billion Fund Manager |
When Karen Firestone walked into Fidelity Investments in 1983, the company had 750 employees – and women were few and far between. Fast forward four decades, and she’s done more than just break through a male-dominated field. She’s rewritten the rulebook as co-founder and Chair Emerita of Aureus Asset Management, overseeing $8 billion in assets.
On How She Does It, Firestone joined host Karen Finerman to share her story and the big moments that changed her life.
One of them: A chance meeting with advice columnist Ann Landers. At the time, Firestone was pregnant with her second set of twins (!!) and struggling with how to balance work and motherhood.
While traveling for work, she found herself seated next to Landers on a flight. Firestone introduced herself and asked, simply, "Would you please talk to me? I have a problem." Four hours later, she had her answer.
"She [Landers] said, 'You just need to make sure that you're happy, because if you're not happy, then no one else is going to be happy in your family. You can't be overworked. You have to have plenty of help — lots and lots of help. You have to make sure everybody is getting enough sleep, enough attention, that you're in good shape. But it's important for you to work, so take the time off you need — then hire the right people and go back to work.'"
At a crossroads in your life? Listen to the full episode to hear Firestone’s four-tenet framework for making big decisions. |
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| Ask Jean |
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| Q: |
Today’s question comes from Jo. She writes: I was approved for a credit card with an introductory rate of 0% – but after I transferred my balance, I was charged interest. What gives? |
| A: |
To me, this sounds like a fine print situation.
Credit cards can carry several different interest rates – for example, one for purchases, one for balance transfers and one for cash advances. Unless the card you applied for advertised 0% on balance transfers – and even then, you should read the offer in close detail to make sure you’re clear on the terms – there’s a good chance the promotional rate only applies to new purchases, not the balance you moved over.
Unfortunately, we can’t go back and get the charge erased. But now you know. If you make another balance transfer in the future, make sure you read the offer details carefully and which rate applies to which type of transaction. |
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| Submit your questions to Jean here. |
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