Consciously Curated: Professional Parenting for a Good Life and Love

Consciously Curated is a roundup of news and information from other sources across the web to keep you thinking good:
"Hold my hand," a photo by Sabine van Straaten on Unsplash
“Hold my hand,” a photo by Sabine van Straaten on Unsplash

The Upshot: The Jobs You’re Most Likely to Inherit From Your Mother and Father

“Children often pursue their parents’ jobs because of the breakfast-table effect: Family conversations influence them. They fuel interests or teach children what less commonly understood careers entail (probably one reason textile spinning and shoemaking are high on the list of jobs disproportionately passed on to children). In interviews, people who followed their parents’ career paths described it as speaking the same language.”

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Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 5 – Build up your Liquid Savings

Photo by Olu EletuCourtesy of Unsplash

In our final interview with Wilson Lea exploring his article 4 Wise Wealth Tips for Your Wallet, we focus on why it is essential for you to have liquid savings to weather whatever life may throw your way.

“Traditional financial planning says that you should have 3 to 6 months of living expenses … In a perfect world this is true,” Lea says. “Admittedly, this can be difficult to do. You should always have some savings, but while you’re working on the other steps, $1000 should be enough cushion to get you over most things that could come up.”

Listen to learn more!

In case you missed our earlier chats with Wilson stemming from his article 4 Wise Wealth Tips for Your Wallet you can find them here:

Part 1: The Importance of Wealth Management
Part 2: Save for Retirement
Part 3: Pay Down your Debt
Part 4: Budget

As always, join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 4 – Budget

Photo by Olu Eletu

Here’s Part 4 of our conversation with Wilson Lea of Parallax Advisor taking a deep dive into the subjects covered in his article, 4 Wise Wealth Tips for Your Wallet. In this episode, we talk about the importance of creating a budget.

“This is the hardest one for most people,” Lea says of understanding how folks spend and on what. But, he says, “tracking your expenses will help you understand where your money is going and how it is used. Budgets also help you avoid spending unnecessarily.”

Listen to learn more! Here you can find out Wilson’s advice on saving for retirement and eliminating debt. Next week we’ll talk with Wilson about developing strategies to build and maintain a liquid savings.

As always, join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 3 – Pay Down Your Debt

Photo by Jim Filipovski

In the third installment of Suite Talk‘s interview with Wilson Lea, based on his article 4 Wise Wealth Tips for Your Wallet, we examine strategies for reducing debt (step one—don’t accumulate any more).

“What I suggest is that you start with the smallest balance credit card and make bigger payments on that card and make the minimum payments on other cards,” says Lea of Parallax Advisors, a boutique wealth management firm based in Irvine, CA. “As you pay off the smaller cards take those payments and move them up with the payments on the next biggest balance.”

With over two decades of expertise, Wilson has a proven track record of helping businesses, executives, retirees and families meet their financial goals.

Listen to learn more! In case you missed earlier portions of our conversation, you can find them here and here. Next week we’ll be talking about creating a budget to better help you achieve your wealth aspirations.

You can also join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 2  – Save for Retirement

Wilson Lea of Parallax Advisors

Here’s Part 2 of the Suite Talk‘s interview with Wilson Lea of Parallax Advisor exploring his article 4 Wise Wealth Tips for Your Wallet.

In this segment of our chat we focus on saving for retirement.

“This is a must, must, must,” says Lea, a wealth managment advisor with over two decades of experience in finance. “If you are working full time, you HAVE to save your money … Zero percent is not an option. Pay yourself first.”

Listen to learn more!

You can also join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: Interview with Wilson Lea 4 Wise Wealth Tips for Your Wallet, Part 1

Photo by Vitaly

In this episode of the Suite Talk podcast we take a deep, but accessible, dive with Wilson Lea of Parallax Advisor and explore his article 4 Wise Wealth Tips for Your Wallet.

Brought to you in several parts (look for a new installment every Wednesday in January & early February) we break the conversation in to bite size chunks to help you focus on the key elements of getting your finances in order and setting you on a path to wealth accumulation.

Here we introduce the topic in a way that demystifies wealth and money management before methodically dissecting each of Wilson’s 4 Wise Wealth Tips for Your Wallet: Save for Retirement; Pay Down Your Debt; Budget and Build Up Your Liquid Savings.

Join the conversation by letting us know what are your topic financial goals.

Be on the lookout for subsequent parts of our conversation with Wilson each Wednesday for the next few weeks, and chats on other wealth related topics in the months beyond. But for now, lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

4 Wise Wealth Tips for Your Wallet

Photo by Fabian Blank

Now that all the presents are unwrapped, half of the new toys already broken and that carton of egg nog is finally empty. You might be left nursing a hangover from that epic New Year’s Eve party you went to as you contemplate the very meaning of your existence. At some point, you might have given thought to what the New Year is going to hold for you. In the aftermath of the holidays, most of us are left with a renewed sense of family or a reminder of why we never talk to some people. For a lot of us, the beginning of the year is a chance to get off to a good start. Whether it’s implementing that workout regimen that you’ve been off and on with the last few years, or figuring out how you can squeeze in more time to volunteer at your favorite charity.

The New Year is also a great time to revisit your financial goals and kick start any plans that you have been putting on hold. Since we often have multiple financial goals competing for limited dollars, the first thing to do is prioritize our goals. For most people those goals are going to include saving for retirement, paying down debt, buying a home, and if you have young children, saving for college and making sure that they are OK if anything happens to you.

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