Understanding The Markets

Download Free Report

Learn Smart Lessons You Can Profit By!

Widowed

Widowed and now what? Debra has worked with many widows, most notably those widowed by 9-11.

Camp Widow Breakthroughs

Camp Widow Logo Camp Widow Breakthroughs

I am still mesmerized.

I joined 300 other women (and a dozen or so men) this past weekend in San Diego for Camp Widow, and was born anew with new hope, with new purpose.  No, everyone didn’t have a box of Kleenex clipped to the end of their sleeves all weekend; we reveled in each others victories and shared raucous laughter.  Yes, there were tears, yet by and large, we were a rowdy group, surprising all the Marriott-ers who looked at our t-shirts, expecting a macabre atmosphere.

We shared how being in a “widow club’ was unique; NO ONE  wants to be in this club! Yet, all members are instantly welcomed and whole-heartedly supported, from day one.

Attendees wore name tags with ribbons affixed at the bottom, identifying how long they’d been widowed — 0-6 months, 1 year + 0-6 months, etc. One widower I met had only been widowed 11 weeks!

After, “hi, I’m Amy” came the immediate question, “how did you husband/wife/partner die?”  And the sharing began.  Not much small talk the entire weekend;  no time for that.  Here, people wanted to hear the story, and weren’t embarrassed or overwhelmed by the tragedy.  This was space in which to BE with each other; gather around workshop titles that would comfort and/or guide; share lunch, dinner or drinks into the night with new-found friends, bonding with arbitrarily chosen room-mates — the majority of whose husbands died in similar circumstances!   Wow!

I sat at a dinner banquet table with 6 widows and 1 widower, ages 20, 22, 33, 35, 37, 40 and 41!  Years ago, I was shocked to read that the average age of widowhood statistic is 52; it is these very young widows who shape that statistic.

How did I, a non-widow, get invited into such a sacred space, you may well wonder?  I have provided asset management and financial planning for dozens of widows and several widowers over the last 33 years; giving them step-by-step guidance in how to manage their finances while grieving.  A horrible mixture by any definition, which is why I recommend planning ahead, of course.

I was invited to speak at Camp Widow to both identify important next steps for new widows to take, as well as educate women about their money and WISE investing.  I drew analogies so that women understood the long-term nature of the stock market, comparing it to raising a child over the years.  I asked if everyone was “happy” with their child (or any child they knew if they weren’t a mother) every minute of every day?  When the laughter died down (every pun intended–there was a lot of gallows humor there) I explained that for us to view the stock market with short-term glasses, or measure our performance in the stock market with a 6″ ruler, was as silly and non-productive as attempting to track, measure and emote about our child’s every mood or action.  The light bulbs began to illuminate; the smiles emerged and we were onto the real work–setting our individual goals.  I helped them get started with goal sheets, categorized by personal, professional, family, etc. so that we could get the pens writing, details to be inserted later.

Women and money have often been sparring partners–in each others’ space–yet somehow not in each others’ corners.  I’m out to change that!  I’m passionate about identifying steps and strategies on investing for beginners, many of whom are women.


Realizing how little I retain when I leave any workshop room, I decided to write a book entitled New Widow Financial Lifeline: Practical Next Steps with pages to note goals–assets, debts, etc.  Don’t let the size surprise you; it’s small enough to fit in most purses or briefcases, yet PACKED with salient info and encouraging anecdotes along the way.  It has already been an invaluable reference book, providing helpful websites, valuable phone numbers, etc. and just good old common sense–something we women are hard wired with.  Missed Camp Widow?  No problem, haul on over to Kindle/Amazon and grab your own copy now!  Then write me with what I may have missed….I’m all ears!

God Speed!

Widowed, What’s Next? No Financial Decisions For A Year, If Possible!

Widow and Daughter 300x200 Widowed, Whats Next? No Financial Decisions For A Year, if possible!Recently, I interviewed Aurora Winter of the Grief Coach Academy who reiterated a piece of wisdom I’ve long shared with clients of mine.  She then went on to explain exactly why in words so thoughtful, I wanted to share it with all of you.

The wisdom is this:

do not make any huge financial decisions by yourself, and especially try to avoid making any financial decisions of any consequence within the first year

Here is the reasoning, in Aurora’s words:

“Another thing that can happen is the dominant side of your brain can flip, with a sudden shock. So for example, prior to my husband’s death, I had actually been the one responsible for paying the bills, I had designed a tax shelter, I had studied honors …you know, I was very comfortable with numbers and I totally understood that, but after he died I was literally unable to pay the bills. I just couldn’t grasp it; it was beyond my intellectual capacity at that moment. What had happened, what I speculate had happened is that the dominant side of my brain had flipped, temporarily, so I couldn’t logically, linearly process things.  On the other hand, my diary is filled with beautiful poetry that I think is touching, so that’s the other side of my brain, so that’s something also to be aware of.  

Oftentimes people who are dealing with a sudden death or even just completely devastated from a heartbreak is they think “Is there something wrong with me?  Have I got Alzheimer’s?  Is this my permanent condition from now on?”  So I think it’s very important to reassure people whether they’re dealing with a death, if it’s divorce, or even a career loss or a bankruptcy or something like that, just take a few deep breaths.  It is a process and don’t be surprised if you’re not showing up at your best.  It doesn’t mean you’ve got Alzheimer’s, it doesn’t mean that it’s permanent, it just means that your system has had such a huge shock; it’s kind of like you spilled the cup, and now the cup is overflowing. And so it needs some time, and this is where you know, your show and other resources that you offer can really come in handy.

I advise people who are dealing with a death or divorce or major loss, do not make any huge financial decisions by yourself, and especially try to avoid making any financial decisions of any consequence within the first year, so that you have a little buffer time. But if you do need to make some important financial decisions, then reach out to an expert, such as yourself, Debra, because you need counsel and you can’t be relying on your own intellectual capacity at this point, because you’ve been overwhelmed emotionally.  You may also not be thinking clearly; literally not thinking clearly.”

This totally resonates with me! I suggest that for women or men who have lost their partner, absolutely no major choices in the first six months; I like a year actually.  When I have the privilege of being called into a situation early enough to advise and/or coach widows, I am very much an advocate of continuing to review the basics, and moving baby step by baby step.

The takeaway, I believe is this:

When you have experienced a sudden loss, like becoming widowed or a sudden break (for whatever reason) there are a lot of people around you, who love you and want to help.  Try to take them up on as much help as you can, but do it wisely.  If I can be brutal here for a moment, make sure you get financial advice from someone who knows something about (and has a proven track record with) financial planning, and real estate advice from a licensed realtor.  Sure, take advice, and lean on the kind loving folks around you, they’re desperate to share the load and lessen your pain.  Let them help you, but always match up the advice with the source.

Aurora Winters – ‘Struggling And Soaring With Angels: Healing A Broken Heart’

Today, on Women and Money, we will be talking with the quite incredible Aurora Winters. This is my most joyful friend and a source of constant inspiration to me. She is also a magnificent writer! We will be talking about her second book, from Heartbreak to Happiness on today’s broadcast, yet Aurora’s first book is well worth a visit:-

With ALL FIVE STAR reviews, here are some of the readers posted -
“Whatever loss or tragedy may have befallen you, I hope you’ll find a quiet, comfortable spot to read this honest and compelling personal odyssey. Ms. Winter is not some pontificating PhD, but a fellow human who managed to rise above the pit of overwhelming despair. As you read her magnificently written daily entries, and perfectly selected quotes, you realize you are not alone. You begin to comprehend a bigger picture. And you draw comfort and strength from her own healing.

Please give this book to a loved one or friend who is struggling with personal loss. And if that person is you, come share the light at the end of the tunnel with Aurora Winter. ”

and another -

“I read “From Heart Break to Happiness”, and I go back to it often when I am feeling down, or just want to feel less alone in my journey of grief. Aurora’s book is a comfort and an inspiration, and a wonderful gift to anyone you love.”

Free Gift From Aurora Aurora Winters   Struggling and Soaring With Angels: Healing a Broken HeartIf you have questions, please post them below and I’ll hope to include them in the broadcast. You will also be invited to pick up your free gift from Aurora –

Listen to internet radio with MsMorrisonSpeaks on Blog Talk Radio

My Next Guest Is Aurora Winter, The Grief Coach

I’m thrilled to be able to interview my good friend Aurora Winter on this week’s “Women and Money” episode.  I’ve known Aurora a long time, and long loved her energy, passion and giving spirit.

Aurora Head Shot BTR My Next Guest is Aurora Winter, the Grief CoachAurora Winter is a successful coach trainer, grief recovery counselor, sought-after speaker, and author. She has been featured in the media, including ABC, KGO, CBC TV, and Oprah.  Aurora has been heard by over a million people on the topic of healing heartbreak and creating a life filled with genuine happiness.

Her book, “From Heartbreak To Happiness” is an intimate diary of healing after her 33-year-old husband died suddenly, leaving her widowed with a 4-year-old son. Dr. Wayne Dyer endorsed Aurora’s book, saying, “I read every page of this beautiful diary – it touched my heart and I’m sure it will impact yours.”

Passionate about empowering happiness, Aurora is the founder of the Grief Coach Academy which is dedicated to training coaches how to coach their clients through grief while helping themselves, helping others, making 6 figures and making a difference.

Aurora is also the author of two books, the most noted being – From Heartbreak To Happiness.

 

 

Listen to internet radio with MsMorrisonSpeaks on Blog Talk Radio