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Pro Money Talk » 2005 » August

Archive for August, 2005

Financial Intimacy

Monday, August 15th, 2005
 
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In The News this week we discuss China’s devaluing of their currency and how that can have a profound long-term affect on America. We discuss:

+ Why China let their currency “float”.

+ How much change actually occurred.

+ How they are now valuing their currency.

+ Why this matters to us.

+ What’s likely to happen in the future.

+ The impact on investors.

Our interview is with Helga Hayes. Helga is founder of www.financialintimacy.com and discusses the importance of both spouses being involved in financial planning. Topics she covers are:

+ What does it mean to be “financially intimate” with your spouse?

+ What are the dangers of one spouse not participating?

+ Why do we fall into the roles of one member doing all the finance work for the family?

+ After years of following these roles, how does a couple begin to make positive change?

+ Women are 3x’s as likely to become widows than men are to become widowers and the average age a woman becomes a widow is 55.

+ Women often are widows for 30+ years because older widowers re-marry younger women.

+ How women can become involved in their family finances