5 Things Every Millennial Should Know About Life Insurance

A few weeks ago, a company called HealthIQ that celebrates health-conscious people with social and financial rewards, contacted me to create a quiz about millennials and life insurance. Yes, I can now add professional quiz writer to my resume! Since then, I have been reflecting on what happens to our loved ones financially when we pass on. This also came around the time a classmate of mine from high school passed away suddenly from a random heart complication leaving his fiancé and young daughter to pick up the pieces. One day you are living life and YOLOing and the next moment….well, you know how that goes. I am no longer in the headspace of thinking I am invincible, which means it is time for me to get a plan for my family in case the worst happens. Apparently, that means I’m growing up. While doing my research for my quiz, which you can take here, I realized there are several benefits to buying life insurance at an early age and right now millennials are in the best position to take advantage. While it is not a cheerful conversation to have, it is a necessary one and one that can protect those who depend on you and your income should the worst-case scenario happen. Since many millennials are delaying marriage and children, it is easy to say that there is no benefit of buying life insurance; however, that is not the case.  Other dependents such as parents who cosigned a loan or business partners for the millennial entrepreneurs out there also depend on you and your income and will be left with a great financial burden of debt, your funeral expenses, and trouble covering living expenses if proper measures are not in place.

5 Things Every Millennial Should Know About Life Insurance from Top Millennial Finance Blogger, Danielle YB Vason of She Makes Cents

What Is Life Insurance?

If you ask my new insurance agent, he would tell you that life insurance is a “love policy”. I, however, prefer the explanation from Fidelity, which explains that, a life insurance policy as “a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death”. To bring it to terms that we can all understand, it is what GoFundMe has become when loved ones pass. I have to say this, but GoFundMe should not be your go to plan to cover the funeral expenses of a loved one or to cover the financial burden that you may leave to your family.

Do Millennials Need Life Insurance?

Yes and yes. It will be easier to understand once you break things down by life stages. Millennials make up the awesome generation of people who are born between 1982-2002 which means that older millennials could be in the home buying, marriage, and kids stage while younger millennials are in the college life and first real job stage. So do all millennials need life insurance? The answer to that will depend on whom you ask. I believe everyone should have life insurance that at least covers one’s funeral expenses. Now in terms of a larger payout, known as a death benefit, I think that depends on who relies your income. To determine if you need life insurance, financial expert and writer, Suze Orman, presents this question for you to ask yourself: “If I were to die today (or if my spouse/partner were to die today), will those I/we support be able to take care of themselves? If the answer is no, then you need life insurance”. Let’s be honest here, the subject of life insurance is morbid, boring, and a bit off-putting, but it is a necessary conversation that needs to be had by all.

5 Things Every Millennial Should Know About Life Insurance

  1. If Your Parent Is a Cosigner On Your Student Loans. A few years back, I remembered hearing a story about a grieving father who was struggling to pay his dead son’s student loan debt. During the height of his grief and after paying for funeral expenses, debt collectors began to harass him regarding his son’s missed student loan payment. That was the first time I remember learning that your debts don’t always go away when you pass. I thought about that Dad and then I thought about my own. So what happens to your student loan debt if you pass away? If you have Federal student loans, your loans will be discharged and your family will not be responsible for your debt. Parents with Parent PLUS loan borrowers are also eligible loans to have their loans discharged in the event of the student’s death since it is also a Federal loan. To receive the discharge, the surviving cosigner must submit a copy of the death certificate to their loan provider. However, if you have private loans, your family may inherit your debt, which for the class of 2016 is an estimated $37,172 and growing. According to this article from CNBC, “Even if your spouse doesn’t co-sign for you, he or she can also be held liable for a private student loan if you borrow while married and you reside in a community property state”.

  2. If You Are a Single Parent.
    While millennials are delaying getting married, a recent poll from Gallup reveals that almost half of surveyed millennials age 34 have children although they have never been married. Because of their single status, many parents elect their minor children to receive the death benefit to financial protect their children if something were to happen. Making a minor a beneficiary will cause major problems since life insurance companies do not payouts to children under the age of 18 or their guardians. If you are a single parent, you should consider setting up a trust to benefit the child and naming that trust as the beneficiary. This way, you can avoid costly court fees and you can have things managed based on the directions you have left in your trust.

  3. If You Have Life Insurance Through Your Employer.
    Congratulations, you have a real job with real benefits! I am so proud of you. Now it is time to go through and fully understand the scope of your benefits package. Many employers offer life insurance as a part of their benefits package, but is that enough? Something else, I would like you to consider is how long you plan to stay with your current company. According to a Gallup report, 21% of millennials have changed jobs within the past year.  Employee life insurance is provided as a group life plan and when you leave your job, you are no longer a member of the “group”.  Your former employer is no longer obligated to pay the premium; therefore, your coverage is terminated unless you convert your policy to an individual plan, often at a higher rate. Your best bet is to get an individual term policy in addition to your employer-based policy so that you will be covered.
  4. If You Think Life Insurance is a Financial Investment.
    Life insurance is NOT a financial investment. Let me say that again. Life insurance is NOT a financial investment But what about cash value life insurance, you ask?
    That’s not what your agent told you, is it? The good folks over at
    Investopedia define cash life insurance as “a type of life insurance policy that pays out upon the policyholder’s death, and also accumulates value during the policyholder’s lifetime”. Sounds good, right?
    Well not so fast… The idea of investing is appealing… even sexy to most millennials (or is that just me?) but insurance as an investment is a terrible idea that yields a very low return. If you are looking to invest your money or save your money, there are much better options out there like mutual funds, Roth IRAs, stocks, and bonds. Suze Orman maintains, “Under no circumstances do you want ‘cash-value insurance’ no matter how fabulous the agent makes it sound”. My financial guru, Dave Ramsey, agrees. Ramsey argues, “It is a horrible product that makes insurance companies the most money, which means insurance salespeople get the best commission on this trash”. I am inclined to agree with them both. Insurance is insurance and your investments are investments. Does life insurance provide financial protection for your family? Yes. Is the “investment” component of a cash life policy, also referred to as whole life, universal life, and variable life, a good investment? Absolutely not. If you have this type of policy, you should cancel it and thank me later.
  5. If You Don’t Know Where to Start.
    Many people know the importance of life insurance but have not taken the plunge. For the millennials out there, you will never be as young as you are right now in this moment.  Why not take advantage of the financial benefits of buying life insurance while you are young and in presumably good health. Millennials with a clean bill of health will find qualifying for coverage easier and more affordable, think less than $300.00 for the year for a $500,000 policy. So what type of policy do you recommend? Millennials looking to buy into a life insurance policy should consider a term insurance policy because the policy length can be tailored to your needs, it’s affordable, and you can lock in your rate while you are young. The maximum term for a life insurance policy is generally 30 years.  Since premiums never get cheaper, millennials can get an upper hand on their finances by locking in a lower rate for the maximum term.

I recently read something from Dave Ramsey that completely changed how I think of all of this… adulting. “The death rate for human beings is 100 percent. You are going to dies someday! None of us know when that’s going to happen, but that doesn’t mean it should catch us totally unprepared”. Yes, you can still enjoy your youth while protecting your future. That’s why I have recently jumped on the life insurance bandwagon. Last week the Mr. and I met our agent in person to talk about our options and I encourage you to do the same.

Do you have life insurance questions or want to tell me about your experience with life insurance, please comment below or leave me a message via Twitter or Facebook.

How to Create A Romantic Couple’s Trip That Works for Your Budget

Have you ever been on a group trip where everyone’s budget wasn’t aligned?  For example, when one friend is suggesting a luxury villa experience when the group’s median budget for this trip is a 4-star hotel?  Or when no one can agree on activities so you end up doing everything just to keep the peace? What’s that sound?  Oh…it’s your credit card being swiped for something you probably can’t afford to pay for in cash and something you probably didn’t want to experience in the first place. Unlike any other type a trip you take, a couple’s trip can be one of the best ones for your budget.  This is true if you and your partner are pulling your money together, have shared money goals, and agree on a budget even before planning your vacation.How to Create A Romantic Couple’s Trip That Works for Your Budget from Millennial Finance Blog, She Makes Cents

Selecting Your Travel Destination

It’s time for a romantic getaway but you have no idea where to go.  First, you and bae should figure out what type of experience you want.  Are you looking to be adventurous? Do you want to relax and decompress under palm trees and listen to the ocean?  Are you even planning to leave the room?  You have to consider the experience and then pick a location accordingly.  If you never plan on leaving the room, then you should consider splurging on your accommodations and try to save on getting there. Think about where your money will go the furthest to giving you the travel vibes you are seeking.

Another thing to consider is the season.  Sure, that Groupon vacation deal to the Caribbean looks great in October. You think to yourself how great it would be to have one last beach vacay before the end of the year.  Well, the Caribbean is super cheap in the fall because it’s hurricane season and their bookings are sparse.  You may be getting a great deal, but if you are planning to lounge on the beach and soak up some sun, you will be there in the wrong season. Moral of the story- do your research before settling on a location. It will save you money, time, and frustrations.  Another thing to consider when traveling the world is to consider the regional and religious seasons of your destination.  Channeling your inner Carrie Bradshaw and tripping to the UAE for a luxury vacay will not give you the same experience if you travel during the religious season of Ramadan. Learn your seasons and travel accordingly.

Finally, while you are doing your research, take a moment to learn about the culture.  Want to frolic around in a sexy bikini on the beaches of Dubai?  Well, good luck with that.  While women aren’t expected to wear a hijab, you are expected to respect their culture and cover up.  Your sexy bikini just turned into a one-piece swimsuit…and not those high French cut ones that the Kardashians have been rocking lately.

Getting There. Drive or Fly

Driving: I like a good road trip, especially when the Mr. and I let the top down, have a great playlist going, and only are traveling to a destination that we can get to in 4 hours or less.  Apparently, for road trips, 4 hours is the magic number.  According to personal finance site Mint, car drives that are four hours or under in length are usually more cost-effective than flying.  If you are ever trying to figure out which option is best for your budget, try googling “Fly or Drive Calculators”.  There you will find a few options that will help you determine how you will get there for the least amount of money.  Related Post: Lyft Riders Earn Free Skymiles

Flying: A few years back we researched the best day to buy plane tickets and that information still rings true. Every time we buy plane tickets, I stalk Delta and watch the rates for about 2 weeks. The Mr. and I rarely will fly other airlines, because our goal is to bank as many Skymiles as possible so that when the time is right, we can use Skymiles to pay for our tickets.  A few years ago when we were dating, I flew roundtrip FREE because my ticket was paid for entirely out of his Skymiles.   Last month, I was able to fly to from Atlanta to St. Lucia by combining both of our Skymiles  to get one FREE roundtrip ticket to our international destination.

 

How to Apply Money Affirmations To Make Your Goals A Reality

Money Affirmations to Manifest Abundance from Personal Finance Blog for Women, She Makes Cents by Danielle YB Vason | Law of AttractionAn affirmation is a strong, positive statement that something is already so.  It is a way of “making firm” that which you are imagining.  So I ask you this, when you think about your goals and desires for yourself, is it a negative or positive experience for you?  If you visualize your goals in a positive way, you affirm the presence of positivity in that area of your life.   For you, that change is already in motion because you are attracting that abundant energy into your life.  The same can be said for negative thoughts.  According to personal development author, Shakti Gawain,  “When we create something, we always create it first in thought form.  A thought or idea always precedes manifestation”.  Think about what greatness we can bring to our goals and desires if we affirmed them in success.  In this post,  Money Affirmations to Attract Financial Abundance    I shared some techniques that will help you release your negative mindset with money so you can approach your finances from a mental state of confidence, pride, and positivity.  Today I am here to share some new financial affirmations that can help you take back control over your financial goals.  

Money Affirmations To Attract Wealth

When we form positive associations with money we give ourselves permission to prepare ourselves to receive it.  We no longer fear it or fear what it would be like to not have it.  I invite you to start in inspiration pinboard and pin the below affirmations them there. Then print them, share them, and/or place them in various places so that you can have reminders of the desires you are affirming for yourself.  Add them to your vision board, your bathroom mirror, your refrigerator, your Instagram account (seriously, think about how often you check your IG account in a day), or your desk.  Speak them aloud and add your own name to give it more power. Instead of saying, “I attract wealth and abundance” try saying “[Insert your name] attracts wealth and abundance”.  Why, you ask?  Well studies show that the adult brain activates, when one hears, their own name.  Below are some of the newer affirmations I have added to my practice and I hope you add them to yours to attract a more positive experience with money.

Money Affirmations to Manifest Abundance from Personal Finance Blog for Women, She Makes Cents | Law of Attraction

What Are Your Favorite Money Affirmations? Please share with She Makes Cents readers

{Money & Friendships} The Real Cost of Being a Bridesmaid

It starts with a question that leads to a ring, which ends up as a picture on Instagram, and is shared on Facebook. Yep, he asked and she said yes! Weeks later, you find a charming note in your mailbox asking you to stand beside her on the most important day of her life. You, my dear, are a chosen one… also known as a bridesmaid.The Real Cost of Being A Bridesmaid from Top Atlanta Blogger and Wedding Designer, Danielle YB Vason of She Makes Cents Since 2010, I have been in seven weddings and I witnessed at least twenty of my girlfriends walk down the aisle toward wedded bliss. In fact, when the Mr. and I got married in 2015, we were the 13th wedding that year of our friend group.  Like many of you, I have taken off work and flown clear across the country in support of LOVE.  Too bad that the support of LOVE often comes at a hefty price tag. 

She Said Yes, But Should You?

It is truly an honor to be asked to be in someone’s wedding, but before you say “yes”, you need to understand what you are getting yourself into before you make that commitment. Just like in a romantic relationship, money can throw a major wrench into your friendship if you are not honest with yourself and the bride about your financial situation.  As a bridesmaid, I have paid for gowns, shoes, hair, mani/pedi, makeup packages, jewelry, liquor, plane tickets, hotels, car service, chipped in for engagement parties, hosted bridal showers, lingerie parties (apparently that is different from the bridal shower and the bachelorette party), oh yeah…bachelorette parties, bridal teas and even décor elements for the actual wedding. Nowadays, you have to add the matching bride tribe outfits for the bridal party photoshoot to the list of expenses you have to think about when saying yes. Did I even mention the wedding gift…eek? Once you accept the invitation to become a member of the bridal party, you are committing to this experience for richer or poorer.

I will admit, that years ago I declined the request to be in a friend’s wedding because the costs of being in the wedding would have been a strain on my finances.  That bride thankfully understood.  I often think, if we didn’t have that conversation and I participated in her bridal party, she could have very easily interpreted my reluctance to spend money as a lack of support and enthusiasm for her big day.  Not having that conversation would have cost me more than financial security, it could have cost me our friendship. 

How Much Does It Cost To Be A Bridesmaid?

Back in 2011, the Wedding Channel estimated the cost of being a bridesmaid averages around $1695.00.  Based on this estimate, I could have very well spent almost $12,000.00 on other people’s weddings.  Can you imagine what the average is now?  It always makes me wonder how Katherine Heigl’s character in 27 Dresses  could afford to be in 27 weddings, plus her own, on a personal assistant’s salary. To pay for my expenses as a bridesmaid, I used the envelope system before I even knew exactly what that meant. I set aside a certain amount of money each check for each bride.  

Brides, be nice to your bridesmaids…your “chosen ones”. They are the ones who are holding you down during one of the most beautiful and possibly stressful times of your life.  They do far more for you than you realize.  Bridesmaids, remember that your bride is a bride only once (fingers crossed) and she has a vision for her day. If you are both honest from the beginning, then you lessen the chance of unrealistic expectations from both sides.Bridal Party Costs


How Much is Student Loan Interest Really Costing You?

The rising student loan debt is one of the greatest financial problems plaguing millennials, especially millennial women.  As of 2014, women account for 55 % of students enrolled in four-year colleges in the United States, according to the Federal Education Department and the figures continue to lean in favor of higher educated women.  With the average student loan debt at a little over $30,000 and growing, how are we ever going to eliminate student loan debt at all? The answer lies first in understanding the numbers.

How To Calculate Your Real Student Loan Interest from Top Millennial Finance Blogger, Danielle YB Vason of She Makes Cents

By definition, a loan is something that is borrowed that is expected to be paid back with interest.  The operative word in that definition is “interest”.  When you borrowed money from the government or your loan provider, you were given this money with the expectation that they will get their money back from you.  In fact, they expect you to take your take, defer, and get off track because their business is in the interest and not the actual repayment of the original loan.  Let me say that again for you.  They make their money on the interest because you are expected to pay back what you originally borrowed.  Student loan interest accrues daily once you are in your repayment period, which usually begins 6 months after your graduation date.  So what does that mean exactly?

How Does Student Loan Interest Add Up?

I will use my student loan numbers to help you visualize why interest will keep you in debt if you don’t start to get aggressive.  The exact math on this chilling realization is why millennials have a record amount of debt and a lower amount of home ownership.  I have two loans that were consolidated for a collective original loan amount of $24,422.77 back in 2007.  As of today, I have paid $21,189.89, which means that if this were an interest-free loan, I would only be $3232.88 away from having the loan paid off completely.  However, because of interest, I still owe $16,738.90.    How’s that you ask? Well, in the 10 years that have had this loan, interest has accrued daily. If you have studied your loan, you will notice that your daily accrual rate will change over the life of the loan.  If you are paying down your debt, your daily rate will eventually reduce as a result of the reducing current balance.  However, if you are one of those out of sight out of mind people who knows you have student loan debt that you have ignored, paying a reduced payment when you really can afford to pay more, or continually delaying your payment period, your daily rate is increasing…well, daily.

How To Beat Your Student Loan Debt

Currently, my student loan interest in accumulating at $3.09 per day/ $1127.85 per year, which is the lowest it has ever been.  To beat the system, you must pay your debt down at a faster rate than it is growing.  At $3.09 per day/ $92.70 per month, my snowball must be more than the monthly interest to make a difference.  Now that you have seen my numbers, it is time to look at yours.  To calculate your daily interest rate you must have the following numbers ready: your current balance and your interest rate.How To Calculate Your Real Student Loan Interest from Top Millennial Finance Blogger, Danielle YB Vason of She Makes Cents

In the past two months, I have watched my current balance drop at a faster rate than usual. That is because I have started making my regular monthly payment as well as an extra payment of money saved from the 52 Week BINGO money challenge. I was motivated to get a little more aggressive with paying down this loan when I set a  micro goal for myself to have my loan under the $15,000 mark by the end of my birthday month (August).  Coming up with a plan to beat your student loan debt first starts with the numbers.  If you don’t already know your numbers, I urge you to look up your current balance and interest rate, calculate much your interest accrues daily,  and as soon as you can, start making an extra payment above your monthly interest rate to get your debt moving in the right direction.  Instead of focusing on just how much you have left to pay, pat yourself on the back for how far you have come on this debt journey.  You can do it!  You have to do it so you may as well do it as quickly as possible so you can put that money saved toward your next baby step toward financial freedom.

shemakescents.com - OOTD | Student Loan Interest

Reader Profile: The SMC Money Tribe

At the beginning of the year, I announced a new resource offered to She Makes Cents readers who were participating in our 52 Week BINGO Money Challenge.  I was inspired to create a “tribe” of like-minded women to make sure that no one feels alone on their financial journey.  Members of the SMCmoneytribe have become each other’s best accountability partners and not only celebrate each other’s successes but also inspire better saving habits among women.  We believe that we can reach our money goals while breaking the glass ceiling in our careers and living the life we always imagined because we have an entire TRIBE of people cheering us on!

Calling the SMCmoneytribe

She Makes Cents Money Tribe Reader Profiles

Are you a member of the SMCmoneytribe?   We want to the world to meet the inspiring community of women who make up our tribe, to hear your stories, see what inspires you, and feature your progress.  One of our mantras here at SMC is the idea that “empowered women empower women” and we can’t wait for the world to be inspired by our tribe of women who are breaking down financial barriers and engaging in money discussions.  Submit your reader profile here and you could be featured on shemakescents.com!  

 

 

How to Use Art To Blend His & Her Styles at Home

Sponsored: This post contains affiliate links.

The Mr. and I have been married for almost two years now and we have just started to decorate our home in a way that reflects both of our styles. The goal is a little less bachelor pad and a little more like something that reflects both of us. My style used to be eclectic but I am leaning more traditional with pops of accent colors. The Mr., well his style is clean modern lines and about four fewer pillows than I prefer. In addition to blending our furniture preferences, we have been working to blend our varying art styles. I left my 30”x30” canvas print of Audrey Hepburn at my old house for my niece to enjoy. I’m sure the Mr. appreciated that. The same way I took down some of his posters. To blend our two aesthetics, I came up with a design plan that reflects our joint loves, hobbies, and experiences. I believe people should walk in one’s home and think, oh, this is so them.

How to Blend His & Her Styles At Home

One thing that unmistakably represents us both is our love for the city of Atlanta. Although we are from two very different areas, we are both Atlanta natives. We are fluent in Southside, Eastside, and Buckhead, he can recite every Outkast lyric, and I am the queen of the Beltline. These are things we wanted our space together to represent- our love for music, our love for Atlanta, and our love for each other. During our first year of marriage, I bought a 45”x30” Boom Box canvas painting that represents our joint music interest. I then started a gallery wall of wedding pictures to represent our love for each other. The only thing that is missing is something Atlanta. We wanted our home to have a fun Atlanta flair by including iconic elements in the design for our home. What better than an art map of the city?  I started looking for a map that fit the style of our home when Modern Map Art contacted me to see if I would consider one of their maps in exchange for telling she makes cents readers about the experience.  They come in a range of cities and colors, including Aruba where we spent our honeymoon, but of course, we only had one city in mind.  

We decided on the black print because we both love the crisp contrast.  After we narrowed down the best color option for our home, the print arrived about 3 days later.  We both were pleasantly surprised that this wasn’t a traditional poster print.  The paper has a velvet-like finish that looks even better in person.   I am really into is oversize artwork so I requested the largest print size of 24″x36″ with the plan to have it matted and framed.  In my opinion, oversize art makes everything look more expensive and special, results my wallet and hubby can both appreciate.  One thing to keep in mind, though, when considering large-scale art for your home is framing.  I wanted to frame this print with a 4″ mat, which means I am now moving into custom framing which can be expensive.  To save money, I gave up the matted background.  The Mr. and I found a simple frame at our local Target and added the print in it the moment we got home.  Seriously, don’t you just love the scale of this? The Mr. modeled the print for me because I looked naked trying to take a similar picture in a dress.She Makes Cents- Modern Atlanta City Map PrintShe Makes Cents- Modern Atlanta City Map PrintWe are so proud of our growing art collection!  We keep trying out our new Atlanta print from Modern Map Art in different locations to find the best location in our home.  For now, it lives right next to our beloved Boom Box painting.  To grab your very own print to remember your hometown, the place you fell in love, or the best vacay ever, click here.  Insider Tip: Follow them on Instagram for 10% off your purchase  (code: INSTA10).

Money Challenge | January Savings Recap


Hello #SMCmoneytribe and welcome to the weekend!  We are a month into the challenge with almost 50% more participants than the previous year.  Great job everyonet ladies!!! That says to me, they there are people out there making smarter money moves in 2017.  What made this year different for me was including the Mr. so we can double the money from this challenge.  Full disclosure…. the Mr. decided it was easier for him to remember if he just set a fixed amount of $50.00 per week to the challenge.  It makes it easier for him and I like it because even if I cross off a lower amount, I have the $50.00 to add to it.

money-challenge-week-1-recap

Show Me the Money!!!

Week one was all about learning how to win at the She Makes Cents BINGO Money Challenge.  For week two, the focus was inspiring you to stay motivated toward your savings goals.  It is easy to keep your eyes on the prize in the beginning of the year, also know as Resolutions Season,  but getting through 52 weeks is only hard if you lose motivation.  Week three, the country paused to witness the transition of presidential power and we did too.  Before I knew it, we successfully completed month one of the money challenge.  Below is the financial breakdown for the month of January.monthly-review-template

How to Join the Challenge

Want to join the #SMCmoneytribe to get access to a tribe of goal minded accountability partners who are invested in your success and your FREE bingo money guide?  Click here, fill in your info, and we will do the rest.

smcmoneytribe

MLK Quote to Inspire You to Keep Moving Forward Through Any Situation

she-makes-cents-mlk-quotes

Sometimes unexpected things happen…2016 was proof of that.  The thing is, we cannot give anything the power to paralyze us in a state of anger, fear, grief, complacency, etc.  Today I wanted to share one of my favorite quotes from Dr. Martin Luther King Jr.  I like this quote because it represents that there will be things in life that will attempt to block your path to greatness.  Sometimes we can even block our own blessings.  If you can’t fly then don’t shrug your shoulders and throw in the towel.  It’s so much easier to give up after the first roadblock (See  “How To Come Back from A Setback”).  Lace up your favorite pair of sneakers and get to running, girlfriend.  You might not get to your greatness quickly, but as long as you keep moving forward you are taking the necessary moves to get you one step closer than you were when you realized that flying was not an option.

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{2017 Word of the Year} How One Word Will Guide My Entire Year

fb-qotd-templateI pose this question every year and 2017 is no different.  What one word reflects your vision for 2017?  So many of you submitted thoughtful responses via the SMC Facebook group and Instagram such as “gentleness”, “perseverance”, “do”,  and “focus”.  I even had one response that was in line with my word of the year…INTENTION from the Instagram handle @yourlifefinance.  By definition, intention is a determination to act in a certain way.  I chose “intention” to reflect my vision for 2017 because it adds purpose to all thoughts, words, and actions.  To be honest, I have found that haphazard thoughts, words, and actions tend to get me into trouble.  Toward the end of the year, I started asking God to guide my words so that I speak with intention and not for the sake of attention.  This past year was my year of BRAVERY and even though it started out shaky, I ended the year with one of my bravest moves yet (post to come later on that one…).  intention-adds-purpose-to-all-thoughts-words-and-actionsFour years ago was my year of BALANCE, 2014 was my year of FOCUS, 2015 was my year of PASSION, 2016 was my year of BRAVERY, and I welcome my year of INTENTION.  I am working very hard to make sure that my words and actions are in line with the following criteria:  Is it kind? Is it necessary? Is it truthful?  As each year passes,  I take a moment and reflect on why I chose my earlier words, where I was in my personal development for that to be a necessary focus, and how I  incorporated the meaning of  those words in my life.  

What’s Your Word for 2017 and why did you pick it? Share Below!

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