The One-Minute Money Mentor For Women - Harvest House
Copyrighted materialOne-Minute Money Mentor for Women.indd 19/11/18 5:04 PM
Unless otherwise indicated, Scripture quotations are taken from the Holy Bible, New InternationalVersion , NIV . Copyright 1973, 1978, 1984, 2011 by Biblica, Inc. Used by permission ofZondervan. All rights reserved worldwide.Scripture quotations marked nlt are from the Holy Bible, New Living Translation. 1996, 2004,2007, 2013, 2015 by Tyndale House Foundation. Used by permission of Tyndale House Publishers,Inc., Carol Stream, Illinois 60188. All rights reserved.Scripture quotations marked nkjv are from the New King James Version . 1982 by Thomas Nelson, Inc. Used by permission. All rights reserved.Scripture quotations marked esv are from the ESV Bible (The Holy Bible, English Standard Version ), copyright 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved.Scripture quotations marked amp are from the Amplified Bible, copyright 2015 by The LockmanFoundation. Used by permission. (www.Lockman.org)Scripture quotations marked kjv are from the King James Bible.Cover by Kyler DoughertyCover photo vladwel / iStockDisclaimerThis book is not intended to take the place of sound professional financial, legal,or psychological advice. Neither the author nor the publisher assumes any liabilityfor possible adverse consequences as a result of the information contained herein.Names and minor details have been changed in the real-life stories shared in thisbook to protect the privacy of the individuals mentioned.The One-Minute Money Mentor for WomenCopyright 2018 Deborah Smith PeguesPublished by Harvest House PublishersEugene, Oregon 97408www.harvesthousepublishers.comLibrary of Congress Cataloging-in-Publication DataNames: Pegues, Deborah Smith, 1950- author.Title: The one-minute money mentor for women / Deborah Smith Pegues.Description: Eugene, Or. : Harvest House Publishers, [2018] Includesbibliographical references.Identifiers: LCCN 2018006865 (print) LCCN 2018008779 (ebook) ISBN9780736972277 (ebook) ISBN 9780736972260 (pbk.)Subjects: LCSH: Wealth--Religious aspects--Christianity. Finance,Personal--Religious aspects--Christianity. Women--Finance, Personal.Classification: LCC BR115.W4 (ebook) LCC BR115.W4 P453 2018 (print) DDC332.0240082--dc23LC record available at https://lccn.loc.gov/2018006865All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, digital, photocopy, recording, or anyother—except for brief quotations in printed reviews, without the prior permission of the publisher.Printed in the United States of America18 19 20 21 22 23 24 25 26 / BP-SK / 10 9 8 7 6 5 4 3 2 1Copyrighted materialOne-Minute Money Mentor for Women.indd 29/12/18 10:44 AM
To my late father,Rube Smith, Sr.,who taught me to align my yearnings with my earningsand to always save for a rainy day.Copyrighted materialOne-Minute Money Mentor for Women.indd 38/21/18 4:42 PM
ContentsPrologue: The Financially Powerless Woman . . . . . . . . . .7Part 1: Face Your Reality1. Examine Your Financial Beliefs . . . . . . . . . . . . . . . . .132. Determine Where You Stand . . . . . . . . . . . . . . . . . . . 233. Establish Wise Financial Priorities . . . . . . . . . . . . . . . 334. Get Financially Intimate Before andAfter You Say “I Do” . . . . . . . . . . . . . . . . . . . . . . . . . 395. Master Your Debts . . . . . . . . . . . . . . . . . . . . . . . . . . . 49Part 2: Clear Your Emotional Hurdles6. Forsake False Responsibility . . . . . . . . . . . . . . . . . . . .617. Eliminate Emotional Expenditures . . . . . . . . . . . . . . 698. End Financial Enabling . . . . . . . . . . . . . . . . . . . . . . . 779. Fight the Fears of Failure and Success . . . . . . . . . . . . . 83Part 3: Increase Your Confidence10. Hone Your People Skills . . . . . . . . . . . . . . . . . . . . . . .9111. Polish Your Image and Networking Skills . . . . . . . . . . 10112. Ask for What You Want . . . . . . . . . . . . . . . . . . . . . . . 11113. Lead like a Woman . . . . . . . . . . . . . . . . . . . . . . . . . . 117Part 4: Sharpen Your Saw14. Understand Financial Terminology . . . . . . . . . . . . . . 12515. Embrace Technology . . . . . . . . . . . . . . . . . . . . . . . . . 137Copyrighted materialOne-Minute Money Mentor for Women.indd 58/21/18 4:42 PM
16. Purchase Big-Ticket Items like a Pro . . . . . . . . . . . . . 14517. Know the Risks and Rewards of Investing . . . . . . . . . 15318. Explore Entrepreneurship . . . . . . . . . . . . . . . . . . . . . 163Part 5: Prepare for Problems and Pitfalls19. Recognize Scammers and Takers . . . . . . . . . . . . . . . . 17520. Deal with the Unexpected . . . . . . . . . . . . . . . . . . . . . 18321. Manage Your Success . . . . . . . . . . . . . . . . . . . . . . . . . 193Epilogue: Pay It Forward . . . . . . . . . . . . . . . . . . . . . . . . . 201Appendix 1: Your Financial Manifesto . . . . . . . . . . . . . . . 207Appendix 2: Balance Sheet Template . . . . . . . . . . . . . . . . 209Appendix 3: Statement of Cash Receipts andDisbursements Template . . . . . . . . . . . . . . . . . . . . . . . . . 211Appendix 4: Financial Empowerment Resources . . . . . . . 213Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215Copyrighted materialOne-Minute Money Mentor for Women.indd 68/21/18 4:42 PM
PrologueThe Financially Powerless WomanTell me where you went today or I’m going to blow your brainsout!” Robert yelled at his wife. Della cowered on the floor ofthe bathroom while he held the gun to her head. His rage wasfueled by insecurity: He feared Della might someday pay him back bycommitting adultery as he had done repeatedly during their 20-yearmarriage.Fifteen-year-old Sara and her five younger brothers had been awakened by the commotion in the wee hours of the morning. They huddled around the bathroom door and witnessed the traumatizing scene.Robert’s verbal and physical abuse was commonplace, but tonight’stirade threatened to have a different outcome.“Daddy, please don’t do it,” Sara begged.As the only girl, she had more clout than the boys and was thus lesslikely to incur her father’s wrath for intervening. Emboldened by herbravery, the boys timidly chimed in with their pleas for mercy.After what seemed an eternity, Robert finally lowered the gun andcrept to bed—totally unaware of the trauma he had inflicted upon hisfamily. This scene would be forever etched in Sara’s mind. She loathedher mother’s helplessness, her limited education, her lack of money.Della had dropped out of school in the ninth grade, pregnant with7Copyrighted materialOne-Minute Money Mentor for Women.indd 78/21/18 4:42 PM
8The One-Minute Money Mentor for Womentheir oldest son. Now she could only find work as a part-time housekeeper. Further, she suffered from a chronic foot ailment that often lefther unable to walk when her veins became inflamed. She was forced totolerate Robert’s abuse because she depended on him totally for financial support.Notwithstanding his abusiveness, Robert was a hard worker anda good provider. The neighbors, community, and his church—wherehe served as a faithful deacon—praised him for the nice house, car,and clothes he provided for his family. The terror that went on behindclosed doors was a secret that was not revealed until Della musteredenough courage to flee one day while he was at work.With the help of a sympathetic niece, Della relocated to the WestCoast with six kids in tow and started a new life. She encounteredsome tough times financially because she had never had the responsibility of providing for the entire household. Nevertheless, they survivedwith assistance from social welfare, family, friends, and kind neighbors.Della never returned to her abusive situation and never remarried.Meanwhile, Sara decided in the tiny bathroom that night that she’dnever allow herself to be in such a vulnerable position as Della. Shevowed to finish high school, work her way through college, land agood job after graduation, and become financially empowered. Anyman who attempted to abuse her would be kicked to the curb without a second thought.Sara did indeed achieve her goals. She became a corporate executiveand began to enjoy the good life—with no financial restrictions. Shetraveled the world, drove a fancy sports car, and dressed fashionably.But there was just one problem. She was lonely.The “just try abusing me” chip on her shoulder was so big it discouraged every potential mate who crossed her path. Until she met Jerry.Firm but gentle, God-fearing and understanding, he was just what sheneeded. They became engaged within a few months after their first date.However, before they tied the knot, he would have to pass a key test.“I go shopping every Saturday, and I don’t plan to stop after we getmarried,” Sara announced one day shortly before the wedding—witha bit of attitude.Copyrighted materialOne-Minute Money Mentor for Women.indd 88/21/18 4:42 PM
Prologue9“Okay.” Jerry shrugged nonchalantly and without further comment.What? Just okay? Sara had anticipated a negative response. In fact,for years she had imagined and rehearsed how this conversation wouldgo. Each time she’d heard her father yell at her mother for buying anything besides groceries and household necessities, she’d think, One dayI’m going to have my own money. I won’t dare tolerate this kind of madness. I’ll shop as much as I like. I can’t wait to tell a man that I don’t needhis money! Now Jerry, with his unexpected “Okay,” had completelythwarted her fantasized fight. All that rehearsing for nothing.It would take a few more “tests” over the next year for Sara to conclude that Jerry was not going to be like her abusive father. She finallyrealized it was time to let go of the chip on her shoulder and get readyfor a rewarding marriage with good communication and mutual financial goals. Four decades later, she and Jerry are as happy as ever. Hehandles the household finances and urges her to stop being a pennypincher and to enjoy the fruit of their labor.While Sara’s story has a positive ending, there are still too manywomen who lack the competence and confidence to become financially empowered. They unwittingly make poor financial decisions,get ripped off, and suffer other detrimental outcomes that they couldavoid. I have received e-mails and messages from women of all ageslooking for help with their finances. Most have not been abused likeDella. In fact, many of them have good, responsible husbands, but thewomen have surrendered the task of handling household finances totheir spouses; thus, they walk in financial darkness, unsure where theystand. I also meet younger and older women who, scarred by the experiences of other women, simply want to become more savvy in handling their money. Still others want to stop being a doormat for theirfamily members.As women, we cannot expect to experience our best life if we do nothave the skills to manage our money—the one tool that King Solomonsaid “is the answer for everything” (Ecclesiastes 10:19).But before we get started, let me tell you what the book is not about.It’s not about rebelling against husbands, reinforcing negative stereotypes some women may have about men and money, or getting rich.Copyrighted materialOne-Minute Money Mentor for Women.indd 98/21/18 4:42 PM
10The One-Minute Money Mentor for WomenRather, my goal is to inspire women young and old to acquire thecompetence and confidence to make informed financial choices thatimprove the quality of their lives.Financially speaking, these are the best of times and the worst oftimes for women. We have more spending power than ever before. Weare holding key positions in corporate and political arenas. We havemade great inroads into historically male-dominated fields like science,medicine, math, and technology. Women are also the primary providers for the majority of households in the United States.Although we are exercising strength and performing well in manyareas of life, many women are still failing miserably when it comes tohandling their finances. Some women have simply resigned themselvesto the fact that they just do not “have a head for figures.” Others sabotage their financial well-being through a variety of pitfalls that I willaddress in upcoming chapters. We can do better than this. Hopefully,through the insights and stories of women who have managed theirfinances well and the lessons learned from those who have not, youwill gain the wisdom and understanding you need to achieve financialcompetence and peace.I will not limit our discussion to just the mechanics of handlingmoney. Lots of great books and seminars are already available for that.However, I know from years of experience that most financial decisions are driven by emotions and core beliefs. Identifying and forsaking erroneous or limiting beliefs is critical to building a strong financialfoundation. So right off the bat, I’ll challenge you to examine your corebeliefs about money and to make the connection to where you standtoday because of them.My goal is to provide you with a foundational understanding ofthe financial jargon, concepts, and strategies that will empower youto confidently make informed decisions. You will get the most out ofthis book if you conclude right now that you have the ability to understand every concept and explanation that I will present. And, that bythe grace of God, you will gain the courage to take the next steps toachieve financial peace. Let’s get started!Copyrighted materialOne-Minute Money Mentor for Women.indd 108/21/18 4:42 PM
Part 1Face YourReality11Copyrighted materialOne-Minute Money Mentor for Women.indd 118/21/18 4:42 PM
1Examine YourFinancial BeliefsMoney Mentoring MomentYour core beliefs about finances will dictate how youearn, spend, save, and share your resources.Your standing today is a reflection of those beliefs.When I was growing up, people would often knock on ourdoor, sometimes late into the night, asking my father for asmall ( 25 to 200) emergency loan. On the surface, he wasan unlikely lender. He was not a man of great means, nor did he workat a high-paying job. In fact, as a sawmill foreman, he made just overthe minimum wage.His secret was that he knew how to budget and save his money.He managed well and faithfully provided for a household of nine. Hefound creative ways to make extra money when bad weather causedthe sawmill to be shut down from time to time. He also recognizedan opportunity to profit from people whom he described as “thosewhose yearnings exceeded their earnings.” He kept a stash of cash readyfor their emergency requests. He didn’t lend to everyone who asked,but from those he did, he always required a promissory note with anunusually high interest amount. Note that I said “amount” versus a“rate.” You see, he would just state, rather than compute, an amount he13Copyrighted materialOne-Minute Money Mentor for Women.indd 138/21/18 4:42 PM
14The One-Minute Money Mentor for Womenfelt he should charge. He also required some form of collateral, suchas jewelry or the title to a vehicle. The people who failed to repay theloan never got another opportunity to borrow again. He would ultimately sell their collateral, so he did not lose either way. When he diedat age 78, he had a large portfolio of outstanding loans. As the executorof his estate, I forgave most of them. I figured the borrowers deserveda break for the exorbitant interest. Notwithstanding, several of themtold me that he was a financial refuge for them and many others withpoor credit and no other borrowing options.My mother helped others in a different way. She was very charitable—almost to a fault. She rarely saw a need she didn’t try to meet.For instance, the father of a family who lived near us earned a goodincome—much more than my dad—but the man was financially irresponsible. Therefore, his family always lacked life’s necessities. Mymother would regularly give our clothes to his kids—without consulting us. One of his daughters and I were in the same class, and we worethe same size. It was not unusual to meet her at school wearing one ofmy best dresses. Mom said that she just “couldn’t stand seeing kids lookpitiful like that.” Although she didn’t have access to much money, shefound favor with a couple of retail stores who extended her a chargeaccount. She occasionally allowed friends and relatives to use her credit.She got burned a few times when they failed to pay their charges. I wishI could say that she finally learned her lesson, but she didn’t. Even at herdeath at age 82, several people still owed her money.Later in life, as I reflected on how my upbringing influenced myfinancial behavior, I realized that I’d formed several beliefs about moneythat affected how I managed my own. The most significant belief I heldto was that one should never, ever be without a significant cash reserve.Now, there is an upside and a downside to this mind-set. On the upside,it serves as a financial “governor” that causes me to keep debts at bay.On the downside, it has often hindered me from stepping out in faithwhen I’ve felt an urging from the Spirit to do so—especially when itwould diminish my bank account below my comfort level.Another one of my strongly held beliefs is that it’s best not to makepersonal loans. However, if you do, you must be very clear about yourCopyrighted materialOne-Minute Money Mentor for Women.indd 148/21/18 4:42 PM
Examine Your Financial Beliefs15expectation of being repaid. It is wise to require a signed promissorynote lest the borrower assume it’s a gift! I find it’s just best to prayerfully consider making it a gift from the beginning.I am a firm believer that all behavior comes out of a belief system.When it comes to finances, our beliefs are the key factor in determining how much money we will earn, spend, save, and share. That’s whyit’s critical that we examine our core beliefs to see which ones workagainst us and which empower us—but most important, which onesalign with the Scriptures and which do not.Let’s look at some common negative beliefs women hold. As wemove through each one, I want you to be honest in responding to thesethree questions:1. Do I embrace this belief?2. If so, what effect has it had on my finances, aspirations, oropportunities?3. How might my life improve if I let go of this belief?Negative Belief #1: “Wealthy peopleare materialistic and ungodly.”I only have one question for you if this is your mind-set: Whywould God give Abraham, Isaac, Jacob, King Solomon, and manyother patriarchs the power to get wealth if having it would make themungodly? God’s reason for granting wealth is revealed in Deuteronomy8:18: “You shall remember the Lord your God, for it is He who givesyou power to get wealth, that He may establish His covenant” (nkjv,emphasis added). God’s reason for giving wealth is for a specific purpose—to establish His will on earth. Thus, the first question anyonemust ask when she acquires wealth is, “Lord, what is Your purpose forthese funds?”When I’m in small, informal social settings and we start to engagein a philosophical discussion, I often like to pose this question: “If youwere to come into immediate wealth, what would be your first expenditure?” Depending on their upbringing or spiritual training, mostCopyrighted materialOne-Minute Money Mentor for Women.indd 158/21/18 4:42 PM
16The One-Minute Money Mentor for Womengive such answers as, “Pay off my mortgage/debts,” “Buy my parents ahouse/car/other,” or “Set aside a majority of the funds for savings.” I’mpleasantly surprised when I hear the rare response of, “Pay my tithes(ten percent of income) to my church” or “Donate to a charitable organization.” When others respond that buying their dream car or othertrappings of su
One-Minute Money Mentor for Women.indd 9 8/21/18 4:42 PM #OPYRIGHTEDMATERIAL. 10 The One-Minute Money Mentor for Women Rather, my goal is to inspire women young and old to acquire the competence and confidence to make informed financial choices that improve the quality of their lives.
May 02, 2018 · D. Program Evaluation ͟The organization has provided a description of the framework for how each program will be evaluated. The framework should include all the elements below: ͟The evaluation methods are cost-effective for the organization ͟Quantitative and qualitative data is being collected (at Basics tier, data collection must have begun)
Silat is a combative art of self-defense and survival rooted from Matay archipelago. It was traced at thé early of Langkasuka Kingdom (2nd century CE) till thé reign of Melaka (Malaysia) Sultanate era (13th century). Silat has now evolved to become part of social culture and tradition with thé appearance of a fine physical and spiritual .
On an exceptional basis, Member States may request UNESCO to provide thé candidates with access to thé platform so they can complète thé form by themselves. Thèse requests must be addressed to esd rize unesco. or by 15 A ril 2021 UNESCO will provide thé nomineewith accessto thé platform via their émail address.
̶The leading indicator of employee engagement is based on the quality of the relationship between employee and supervisor Empower your managers! ̶Help them understand the impact on the organization ̶Share important changes, plan options, tasks, and deadlines ̶Provide key messages and talking points ̶Prepare them to answer employee questions
Dr. Sunita Bharatwal** Dr. Pawan Garga*** Abstract Customer satisfaction is derived from thè functionalities and values, a product or Service can provide. The current study aims to segregate thè dimensions of ordine Service quality and gather insights on its impact on web shopping. The trends of purchases have
Chính Văn.- Còn đức Thế tôn thì tuệ giác cực kỳ trong sạch 8: hiện hành bất nhị 9, đạt đến vô tướng 10, đứng vào chỗ đứng của các đức Thế tôn 11, thể hiện tính bình đẳng của các Ngài, đến chỗ không còn chướng ngại 12, giáo pháp không thể khuynh đảo, tâm thức không bị cản trở, cái được
7 Smooth Mentor MemoryGel Xtra Breast Implant Profiles 9 Mentor MemoryGel Breast Implant Profiles, Cohesive II 11 MENTOR CPG SILTEX Microtextured Breast Implant Profiles, Cohesive III 17 MENTOR Breast Tissue Expanders 91 MENTOR BECKER Expander/Breast Implants 21 SPECTRUM Adjustable Saline Breast Implants 23 .
Short presentation on archaeological illustration generally. Introduction to pottery illustration, the equipment and the layout, presentation and conventions commonly used. Demonstration of how to draw a rim, followed by practical session Session 2 - 11th Oct. 1- 4.30pm. - Nadia Knudsen Presentation and demonstration of how to draw a pot base and a complete profile of a vessel followed by a .
