People Share Why They Don’t Use Financial Advisers; Some Alternative Ways to Get Financial Help

Many people just do not want to meet with a financial adviser despite the fact that using one may provide numerous financial advantages. Financial advisers provide objectivity of financial situations and give advice to help establish a more secure financial position.

A few personal finance professionals, authors, teachers and bloggers, from the Elevate Community, dedicated to uplifting people of color financially, shared their perspectives:

“Just Not Ready”

Just like weight loss, financial wellness is one of the top three new year resolutions and personal goals. Most people generally know what to do to improve their financial situation, but some are just not ready to do it.

“We like comfort!” says Andre Albritton of The Millennials Next Door. “A financial adviser will give recommendations outside of our comfort zone which can be a frightening experience.”

Money mantras like “save more and spend less” and “pay yourself first” have been stated by every financial expert. The reality is if a person is not mentally ready, they will not execute any plan.

Cost

On television, rich and famous people seem to be the only ones talking about meeting with financial advisers. This creates the perception that it takes thousands or millions of dollars to work with a financial adviser. The consumers living paycheck to paycheck with minimal or no assets (like a home, investments, etc.) may presume it is too expensive to meet with a financial adviser.

Many middle-class Americans are working hard to pay their bills and make ends meet. Paying to meet with a financial adviser may seem premature or unrealistic.

Denial

“People put off seeing a financial adviser for the same reason they avoid going to the doctor or dentist” shares Alfred Edmond Jr., BLACK ENTERPRISE Your Money Your Life Podcast host and co-author of Loving in the Grownzone. “They don’t want to deal with the choices, remedies, or lifestyle changes that will likely be necessary to improve their condition.”

People that practice avoidance in the hope that the problems will go away, or correct itself will deny the problem, and chose not to deal with the financial situation. Unfortunately, avoiding the dis-ease in the bank account will leave a person vulnerable to more financial hardships.

“People are embarrassed about their current (financial) situation and believe their choices got them in that predicament” explains Atiya Brown of Live Financially Savvy Podcast. “Since they don’t know the extent, they may tend to ignore and avoid.”

Pride

Almost 10 years ago, my pride almost put me in the poor house. I remember being ashamed to admit my major money mistakes and felt like a failure. I locked myself in a self-inflicted private prison of shame.

People suffer in silence because of their pride and the shame they feel because of making money mistakes. Making the decision to let go of the shame and ask for guidance will help to release the guilt.

Product Pushers

Julien Saunders of rich & REGULAR states, “Some financial advisers have a tendency to be pushy. Although well-intended, some (financial advisers) can make a person feel pressured. Consumers must fully understand the implications, alternatives, or cost to them as the investor.”

Some financial advisers are perceived as product pushers. Product pushing financial professionals turn off and scare away many consumers. Even though consumers know that financial advisers sell products, they do not want to feel pressured into purchasing products they don’t understand.

Stranger Danger

People do business with people they like, know, and trust. Sharing secret financial skeletons with  someone you don’t know can be extremely uncomfortable. It is even more frightening to give control of your money and assets to that stranger.

Patrina K. Dixon of It’$ My Money says, “Some people have trust issues. Therefore, if they do not trust the financial advisor, they will not be safe to share relevant information the adviser may need to assist the client.

 

Some Alternative Options to Using Financial Advisers 

Many are not ready for the financial commitment to meet or work with a financial adviser. Here are some alternative options and resources to help you “start where you are.”

Financial Blogs and Podcasts

Financial blogs are an excellent resource for free money tips and strategies. Here are a few blogs and podcasts to check out.

Tanya Rapley’s My Fab Finance Blog teaches millennial women of color how to regain control of their finances, overcome financial challenges, and pay off debt.

Talaat and Tai McNeely host the His And Her Money Podcast. Their podcast and blog aim to help married couples reach their financial goals together.

Marsha Barnes’ The Finance Bar Blog connects individuals to their financial wellness. She offers one-on-one coaching and an app that shows where your money is going.

Online Financial Tribes

John Hope Bryant, the founder of Operation Hope stated, “If you hang around nine broke people, you will be the tenth.” Connecting with people who have similar financial goals or have achieved the success desired is essential to financial success. Here are a few online financial tribes to check out.

The Live Richer Academy founded by Tiffany Aliche, who is known as The Budgetnista, is a membership-based online platform that offers courses designed to help participants take their finances to the next level.

Founded by Sandy Smith, of Yes I Am Cheap blog, Hustle Crew is a private Facebook group community that provides resources on entrepreneurship and starting a side hustle.

Financial Coaches

Financial coaches educate clients on the basics of money and credit management. They help their clients establish financial goals and create a customized plan to reach those goals. Financial coaches act as accountability partners to encourage and challenge their clients to success.

Financial coaching services range free through a non-profit programs to a few hundred dollars per hour to work with popular financial coaches privately.


Black Enterprise Contributors Network 

The post People Share Why They Don’t Use Financial Advisers; Some Alternative Ways to Get Financial Help appeared first on Black Enterprise.

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The Best Alternative Products for Your Period: DivaCup, Thinx, DearKates and More!

the best alternative products for your period

So here’s a topic that is not going to be for everyone (I totally get it if you want to skip this post!), but something that I’m always interested to read about are the best alternative products for your period. Over the lifetime of this blog, you guys have heard a LOT about my life and my thoughts on various products and tips for optimizing your life — but hearing about me and Aunt Flo may be too far even for me, so this post is mostly going to be referring you to threadjacks where the readers discuss the various products. I will note that I’ve tried a variety of products (I’ve had my Dear Kates for the longest) and for my lifestyle they work really well. I like them from an environmental perspective, I’m not grossed out by them from a wearing or cleaning perspective, and they’ve held up well even after three years of use. I particularly want to recommend alternative period products like reusable pads and period underwear when I hear people talking about situations where they are waiting for a period for a long time, either because they don’t know if/when a period is coming because they’re trying to conceive, they’re several months postpartum, suffering from missed periods due to PCOS or another medical reason — or even if they’re just entering perimenopause or otherwise finding that periods may not be as reliably timed as they were in the past. 

SO: we’ve rounded up some of the most noteworthy reader threadjacks on this topic — and I’d love to open this post up to more discussion! Readers, have you tried alternative products for your period like DivaCup, Thinx, DearKates, or more? What have been your experiences with them — do you still use them — and who would you recommend them for? 

Pictured at top: Diva Cup / Reusable Cloth Liners / Dear Kate

This post contains affiliate links and Corporette® may earn commissions for purchases made through links in this post. For more details see here. Thank you so much for your support!

DivaCup: Good & Bad Experiences  

Positive DivaCup Reviews:

Less Positive DivaCup Reviews: 

Period Panties: Thinx vs. Dear Kate 

  • I love Thinx, but they are a lot thicker than even cotton underwear.
  • Has anyone tried Thinx? Do they work?
  • I have Thinx, and I love them.
  • I really like my Dear Kates. I have three pairs.
  • They really worked and were wonderful with wicking moisture away.
  • Dear Kates are awesome, and so comfy and cute.
  • I discovered Dear Kate and Vv Skivvys a couple years ago and wish I’d known about them sooner.
  • Anyone tried those cool new period panties?
  • Mini-review from Kat: I’ve had a few pairs of Dear Kates for several years now and like them; I only use them a few days a month but they’ve held up really well. They’re the most comfortable and elegant solution I’ve tried, much more so than the reusable liners I’ve tried (I find the snaps a bit uncomfortable on both sets, and this liner was crazy thick). I’ve only tried one other brand of period panties (the Innersy brand, bought on a flash sale) and vastly prefer the Dear Kates — the other product feels a bit stiff and crinkly, and I do not like the light gray lining. From a laundering perspective I rinse them before I throw them in the wash, and air dry them — air drying them in sunlight is supposed to be best if possible. Sometimes I spray them with vinegar after rinsing them (before throwing them in the washer) but I don’t think it’s necessary.

Using Period Panties as a Backup for a DivaCup

Readers, do tell: what do you think are the best alternative products for your period? Have you used period panties and/or a menstrual cup during your period? What have you found to be the best brands or products? Which ones haven’t worked well for you?

Hunting for the best alternative products for your period? We rounded up a ton of reader thoughts on menstral cups, reusable pads and period panties like Thinx, DearKate, Innersy, DivaCup, reusable menstrual pads, and more! Whether you're suffering from missed periods due to PCOS or other medical concerns, or you're not sure when your next period is coming because you're several months postpartum, trying to conceive, or in perimenopause, these can be an easy, environmentally friendly, no-waste solution. Kat shares her DearKate review, also, and we rounded up a ton of other reader thoughts including DivaCup reviews, DivaCup tips, Thinx reviews, and more.

The post The Best Alternative Products for Your Period: DivaCup, Thinx, DearKates and More! appeared first on Corporette.com.

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5 Fun, Alternative Ways to Spend New Year’s Eve

Who says going out to a party is the best way to ring in the New Year? Some of the most satisfying moments in life are when we’re having fun in an intimate setting with friends and family. Below, we’ve rounded up a few unique ways you can celebrate New Year’s Eve.

 

Plan a game night. 

Whether you want to put an adult twist to one of your favorite childhood games, such as Jenga and Tic-Tac-Toe, or opt for a new game like Black Card Revoked; an Afrocentric trivia game; there are plenty of fun options to keep you having fun into the early morning hours of New Year’s day. Add some delicious food and spirits, and you’re in for a great New Year’s Eve.

Host a New Year’s Eve dinner party with friends.

 A classic way to bring in the New Year, but classic doesn’t mean boring, right? A New Year’s dinner party with family and friends is a great way to reflect on the past year and chat about plans for the New Year. Perhaps you can host a cook-off or prepare a tasting menu of festive finger foods. Check out a few New Year’s Eve recipes on Food Network and MarthaStewart.com. And, for champagne cocktails–check out Bustle.com.

Host a masquerade party. 

Plan an evening of mystery and magic with a themed masquerade party. Beyond requesting that guests wear masquerade masks, you can ask them to bring their favorite dish and bottle of champagne, or you can feature several drinks from around the world.

Attend church. 

From plays and musical concerts to games and speakers, many churches plan a series of watch-night events to usher in the New Year.

Plan the ultimate date night.

Looking forward to some quality time with your sweetie? Whether you’re in the mood for a romantic evening of food and bubbly at a great city restaurant, or a bonfire on the beach with a sparkling fruit sangria, there are several great ways you can ring in the New Year with your love. Check out PopSugar for a great list of fun and sexy date ideas.

The post 5 Fun, Alternative Ways to Spend New Year’s Eve appeared first on Black Enterprise.

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Why Potlucks are the Perfect Alternative to Expensive Dinners With Friends

The death of the dinner party is one of the greatest tragedies of our generation. (Just kidding. Everything is terrible.)

The reality is it’s just too expensive (and stressful) to cook a full meal for 12 people. And you can pretty much forget about all of your friends being able to spring for an extra dinner out at the same time — which gets even pricier if they have kids and need to hire sitters.

But friendship and food are as integral to the human condition as saving enough money to, ya’ know, pay your bills and stuff. So what if I told you there was a way to have your cake (for free!) and eat it, too?

Well, in an effort to bring back the dinner party without all the stress and $ $ $ involved in a Betty Draper-style affair, I present for your consideration: the dinner potluck.

In Defense of the Potluck Dinner Party

If the word “potluck” conjures up visions of sweet old ladies sampling 15 variations of the same tuna casserole, it’s time to redefine the group dining experience.

Here, you’ll find tips for organizing the perfect potluck so you can stop stressing and spending — and just enjoy the meal.

1. Create a Guest List

This should be your first consideration. Are you inviting your book club? The parents from your kid’s play date group? People from your Thursday night cornhole league? A weird amalgamation of every friend group you’ve ever been a part of?

Whoever they are, the people you invite are going to set the tone for your evening, and it’s easier to make some decisions, like a theme and location, based on the guest list.

Also, don’t forget that brunch can be a potluck. Instead of going out on the weekend and dropping $ 50 on mimosas, invite your brunch-y friends over and ask them to bring a shareable breakfast-y dish!

2. Pick a Theme

A potluck without a theme is like a 3-year-old’s storytelling: plotless and mildly frustrating.

To avoid the weird plate combination of seven-layer taco dip, salmon mousse tartlets and ambrosia salad (why?!), pick a theme for the night that your guests can work within. Something broad like Italian or Thai will bring about one cohesive meal, but if you’re feeling a little adventurous, make the theme as specific as “tomatoes” or “street food.” This will force people to get pretty creative!

You could also make it a game, such as having everyone bring their own variation of mac and cheese, or assign each dish a number and anonymously vote on the best at the end of the night. Winner gets a prize! (Or gets to take all the cheesy leftovers home.)

3. Send Out a Sign-up Sheet

Use a site like Signup Genius or Perfect Potluck to make it simple to coordinate dishes. The host fills in details like location, dish suggestions, and any food allergies or dietary restrictions the group should be aware of, and the guests sign up for whatever they want to bring.

Make sure to include cups, plates, napkins and plasticware on the sign-up sheet! Unless you want to shell out for paper products or spend the next four days of your life washing dishes, let guests sign up to bring these items as well.

Note: If you’re a micromanager, the potluck party format may not be for you. The fun of potlucks is seeing the variety and creativity your guests bring to the table — literally. Make sure you have all the categories covered: appetizers, sides, main dishes, desserts and drinks. Then, let your guests do the rest. Don’t worry about creating a specific menu.

4. Make Some Rules

Alright, so a few rules can’t hurt.

Ask your guests to bring their own serving spoons (and serving dishes if you’re trying to get a little fancy), along with a food storage container from home. That way, they can take advantage of any leftovers without you having to hunt down your entire Tupperware collection later on.

Request that no one brings anything they need to cook on-site. You should limit oven use to “warming.” There’s no bigger bummer than setting out a freshly cooked dish after everyone is already stuffed!

Also, remind your guests that a potluck dish doesn’t need to feed the whole party. A four-person serving goes pretty far when each guest is sampling a little bit of everything.

5. Focus on the Setup, Not the Food

Since the guests will cover the majority of the food, you can spend your time focusing on your home. Tidy up, set up extra tables and chairs, and prep the kitchen for the food — but don’t go wild deep cleaning.

The point of a potluck is a casual gathering of friends, not a formal, crazy-making dinner party!

Hook up a power strip so guests can plug in slow cookers if needed, create a pour-your-own drink station (low-maintenance party = low-maintenance drinks), set out trivets and extra spoons (people will forget, trust me), and provide a stack of notecards and pens for people to label their dishes with when they arrive.

6. Have a Good Time

And then chill out — because you’re not cooking eight different dishes — and wait for your guests to arrive! Make yourself readily available in the kitchen for last-minute setup and “hey, do you have an extra…” questions, but don’t spend your whole evening in there.

All you need to worry about is chatting with your guests and enjoying your budget-friendly, low-maintenance, stress-free dinner party.

Besides, it’s easy to relax when you know that cleanup consists of a trash bag and a quick kitchen wipe down — and, oh yeah, that final awkward attempt at getting the lingerer to pack up their dish and get out so you can get back to your latest Netflix binge.

Grace Schweizer is an email content writer at The Penny Hoarder. She’s dreaming of a potluck dinner made up of only brownies.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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Google’s Pixel 3 is a top-notch iPhone alternative

Google’s latest smartphone, the Pixel 3, hits stores on Thursday. With it, the search giant has created a worthy alternative for those hesitant to shell out a thousand or more bucks for the latest iPhone. Display: The screen on the Pixel 3 is gorgeous. It’s sharper and more vibrant than last year’s Pixel 2 display….
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