MetroMoms R Us

When you buy a new car, you know you need auto insurance. When you purchase a new home, you know you need home insurance. But when you have a new baby do you instantly think about the need for life insurance? Typically, no - although our lives and families are the most valuable things to us. So, why do we put off buying life insurance? There are plenty of excuses we use, but NOT planning for the inevitable can ultimately cause hardship for the loved ones who survive us.

Here are a few common "excuses" I come across. They sound reasonable to most, but that's because most of us only know part of the story.

 

1) I have life insurance at work

Boy, if I had a nickel every time I heard this one...! Buying into a group life insurance can be economical, the premiums are fairly low and sometimes completely paid by the company. But like your medical or dental benefits, group life insurance is tied to your employment in the company. So, if you leave your job you also loose the group life insurance coverage. The US Department of Labor says people between the ages of 18 - 38 change jobs an average of 10 times. Even if you were able to stay with the same company for many years, very few of us will work all our lives. And trying to buy life insurance when you're older can cost you more.

Another thing to consider is the amount of life insurance you get. Does the death benefit/amount in a group life insurance adequately cover your personal financial needs or final burial expenses? You don't want to be under-insured on life insurance, so it's always best to talk with an agent who can help you assess how much coverage is enough. Don't let financial burdens way down your family.

2) I'm still young and healthy, I don't need it yet

Try selling life insurance to a 22 year old male who'd rather spend his weekly paycheck on music and fast food. Very tough, but still very necessary. The ideal time to buy life insurance was on your last birthday. Why? Because your age is a big factor in your rates, so the sooner you can lock into your young adult hood, the better. Plus as we age we are prone to develop medical conditions that may impact our eligibility and rates. According to the American Heart Association website, ‘almost two-thirds of Americans currently use medicines: 49 percent use prescription drugs and 30 percent use nonprescription medications'. Most of us will be dependent on some form of medication to prolong our lives, cure an illness or suppress a disease. It's a harsh statistic to accept, but a real part of our life. Trying to purchase life insurance after a medical condition can be difficult, better to be proactive before any potential issues arise.

Another reality is - we don't know when our number is up. We can go at any time, at any age. Life insurance is not just for the old, middle-aged or young - it's for everyone.

3) It costs too much

"Auto insurance - $30 per month, home insurance - $50 per month, life insurance - priceless!" I've seen first hand how NOT having life insurance can hurt a family. Plan now, to leave a financial income for your surviving dependents and provide them peace of mind - there's no value that can be placed on that.

Life insurance costs will vary and so do the rates and plans, you may be surprised at how inexpensive coverage can be. The best way to find out is to get an actual quote, then make a decision.

 

So, if you currently don't have life insurance - what's your excuse? What's it going to take to get you to step away from your computer monitor and call an agent for more details? Don't wait, don't procrastinate - it can be costing you more every year you put it off and could hit your family even more, when you're gone.

 

Websites are no longer just for businesses or organizations, they are now being used as personal social media sites that allow you to keep in touch with friends, family, associates or to self-promote. With growing websites like Facebook, MySpace and Twitter the idea of having your own personal webpage has spread online. And what once required web programming language has now been simplified by many websites today. These websites provide common layman instructions any 7 year old can follow - that creating your own webpage is now as easy as 1-2-3 and best yet, it’s free!

 

Here are a few free websites that allow you to create your own webpage. Have fun creating a webpage that reflects your personality.

 

www.webs.com

www.wix.com

www.wetpaint.com

 

I’ve been a single-mom raising two girls for the last 8 years and in my stressed-out, double duty role as parent and provider - there have been plenty of times I’ve stopped and given myself a pep talk. 

 

So, for all you ladies who work just as hard or if not more – keep up the MOMentum! What you do is appreciated.

 

In our race for a stable life and loving family, pain and obstacles will confront all of us. But how we handle them determines if we become part of the problem or solution. Be sure that you make progress. Exercise persistence, patience and courage even when progress isn’t apparent. Because you are not failing – you are moving forward.

 

There is a Confucius quote that says, “Life is really simple, but we insist on making it complicated.” While in business, there is another saying that goes - "just KISS it" (keep it simple stupid). So remember happiness has no boundaries, it happens anywhere, everyday and any time you want it. Don’t over think it. Be grateful for the good things in your life and make goals and an action plan for the other things you desire.

 

Surround yourself within a positive environment, with motivational thoughts and great people and at a minimum, always remember - “you rock”!

 

It was three years ago today that I lost a good friend, in the most tragic way. Some of you may remember the headlines about the Mequon husband who took the life of his wife by beating her in their home. The wife’s name was Sin Lam. Though Sin tragically left this world too soon, my thoughts for this blog are on her bright spirit and how her story can be a reminder to all women.

 

You could not have known a better soul than Sin. She liked to smile, never had harsh words about anyone, maintained a speed walker’s pace for such a petite person, was a dedicated worker and had lots of love for her children.

 

Sin and I worked at the same company together, but were fortunate to be friends outside of our jobs. I got to know her family and some of her struggles in their marriage. Though she kept most of it private and to herself. I’m sure she did it because she didn’t want others to worry or she thought it was something she could handle on her own. Unfortunate that she could not foresee the tragedy that lay ahead.

 

I recount the last conversation I had with her over and over and I’m sure it’s natural to wish I could have fully known or helped her in some way, but that moment has long past. The only act I can do now is make sure that other women don’t fall victim the way Sin did. She, like all of us shouldn’t leave this world in such tragedy. It affects our lives, children, family, friends and the community.

 

Over the years, I’ve come to know many women who had the courage to leave their husbands and those who found it in their hearts to continually forgive and stay with their husbands. I won’t judge on which method is better, but will say no matter the circumstance please recognize that help is available to you, please seek and find it. People want the best for you, but most importantly you must want the best for yourself. Recognize that abuse is a repeated cycle, no matter how much he tries to win you back, apologizes or pleads - it’s not okay to be physically hit, verbally abused or violated.

 

I once had the opportunity to teach teenage girls in my church many gospel principles. Self-respect was a big topic we discussed. Your body is a temple and you are a daughter of God. Seek men who value the same beliefs, who will treat you with respect and have a good perspective on marriage. I find these principles are applicable even as grown woman.

 

If you are in a violent relationship or know someone who is - please seek help and learn how to leave the situation as safe as possible. There are local organizations established to assist and guide you through the process. Domestic violence isn’t a personal, private matter it affects everyone.  

 

When I meet with a client to discuss insurance it’s important for me to understand their priorities and needs – since they’re not all the same. Equally diverse are the insurance companies in the market place today, and the insurance agents who represent them.

 

Here are a few things you need to know about insurance:

 

Captive agent vs Independent agent – A captive insurance agent works for one company or brand, while an independent agent works with multiple companies and can sell numerous product brands.

 

How does this impact you? Both agents can sell multiple lines of insurance (auto, home, life etc…) but an independent agent has the flexibility to sell insurance from different companies – without brand restriction. Imagine for a moment how you’d feel if you had to buy clothes from only one department store. As loyal as you may be to the department store, you can’t help but shop another store for a better styled blouse or better priced item. Thus, think of an independent agent as your personal insurance shopper who can mix and match to meet your needs. All the while, you deal with one agent but tap into multiple companies.

 

Periodically review your insurance coverage – We go through so many changes in our life. We are single, married, divorced or widowed. We have kids, buy a house, car, boat, motorcycle or RV. We make minimum wage, join the middle class or strike it rich. Just as our lives change so should our insurance coverage. Your insurance coverage needs to adequately cover any potential losses in your life at any given stage. So, if you haven’t changed your coverage limits in awhile - now may be a good time to assess how much is enough.

 

Don’t buy just on price – The premium you pay for insurance is definitely an important factor but don’t make it your sole reason to buy. I can sell cheap insurance to almost anyone, but I probably wouldn’t be doing them justice. You may lower your insurance coverage to pay a lower rate, but what happens if it’s too low and you’re faced with a large liability claim? When you need your insurance to work, is during these times of loss or claim. So, a quality coverage may mean paying a quality price – not necessarily the lowest. As I also previously mentioned, not all insurance companies are the same. So, review what’s covered in your policy before you decide to buy. Some companies offer extra coverage for a little more but in the long run potentially save you money. For example, I have an insurance company that will waive future violations if you sign up for their program now. Typically, violations may cause an increase in your premiums but by enrolling in the program you lock yourself into a lower rate even with future violations*. At the same time, you build a deductible savings account. These funds are then used to pay your portion of a deductible during a claim. Again, price is important but what's equally important is the quality of your coverage.

 

*Does not include major violations such as a DUI.

 

Christmas wouldn’t be the same without the traditional gift giving. Even though good intentions are behind most gifts, we still receive presents we don’t like or don’t fit our particular “style”. Should you keep it - since it was the thought that counts? Or, would you regift it?

 

The market research company, Harris Interactive, surveyed 1,505 American adults and found over half the participants admitted to regifting and 78 percent felt regifting was okay most of the time.

 

Just yesterday, I also had the chance to play the White Elephant Gift Exchange game. The premise of the game is to regift an old item you didn't want. There were an array of regift items such as a finger puppet, test tubes, cowboy hat, photo printer and jellied fish bait. The game was very fun and entertaining, but at the same time people were able to give away their “gifts” to someone else who may have wanted it or could have used it better than they had.

 

What do you think? Do you keep all your presents whether you like them or not? Or, selectively regift them to someone else?

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It’s scary to live in the uncertain, but we do it everyday. It’s during economic times like these that we come closer to realizing we’re all susceptible and the worst can happen any day. So, what should we do? Always plan ahead and the worst won't hurt so bad.

 

Life has risks. It can harbor in dark alleys or be in plain site. It could happen today, next week or next year – you just never know when you’ll be affected. As a single-mom and sole bread winner, I’ve had no other option than to be frugal and cost-conscious with my finances. I’ve also had to help many families prepare for their future financial needs and protection. So, here are some helpful ways we can all prepare our homes and families. They’re a mixture of my personal financial habits, as well as tips I’ve researched.

 

1. Build a savings and cut down on expenses
1. Set a savings goal that’s realistic for your family, then deduct the same amount from every paycheck. Remember to pay yourself first.
2. Collect the loose change in your pocket at the end of the day. Put it in a jar. When the jar is full, take it to the automatic counter at the bank and deposit it.
3. Reduce your expenses in as many ways as you can, it all adds up: Save money on gas by carpooling or taking the bus. Eat-out less often by cooking more at home. This can be a trickle effect, since leftovers are great for brown bag lunches to school or work - you’ve just hit two birds with one stone. How smart is that?
4. Divide your expenses into two categories - the Essentials vs Luxuries. For example, electricity is an essential while cable TV is a luxury. It’s difficult but tough times call for tough measures.
5. Pay with cash! If you use your credit/debit card, you’re too tempted to buy now and pay later. Statistically using a card caused families to spend 34% more. Give cash a try and see how much more conscious you’ll be about your spending habits.
2. Shop smarter.
1. Research the local sale items at your food store and make a shopping list of the essentials. Stick to the list, to minimize impulse buying. Buy the less expensive generic brand if one is offered.
2. Always monitor the food total at the check out line. A checker is susceptible to human error, like running an item through too many times or putting in the wrong produce item code, increasing the cost per pound.  
3. Shop for the best insurance rate (ok, this one is near and dear to my heart). Combine your auto and home policies to get multi-policy discounts. If you currently have a low deductible consider bumping it to the next level saving you up to 30 percent on your policy. If you’ve put the motorcycle, watercraft, or RV away for the winter, consider lowering your coverage.
4. Shop the clearance rack for clothes and stick to a classic style for work. It never goes away and is acceptable in all business environments. It’s also easier to accessorize, mix and match when you’re working with solid colors.
5. Shop at thrift stores. You’ll be amazed at what you find at such great prices. Especially for kids who outgrow their shoes and clothes each year. Should also be your first stop for sports gear.
   

3. Get the family involved. Preparing for the worst is a collaborative effort. Family members need each other’s support to get through the tough times. So, get everyone on the same page about tightening expenses.
1. Unplug unused appliances around the house
2. Turn off the lights when a room is not in use
3. Take quick showers and don’t let the water run for long periods of time
4. Consider a family talk plan that has less minutes and is less expensive
5. Teens can also earn their own extra income by babysitting, shoveling snow, mowing lawns, having a paper route or giving private band/orchestra lessons to middle or high school students

Here we are again, another winter season upon us and the accidents are starting to pile up, literally. In the insurance business this is also the time of year we see an increase in claims.

I was on the phone with a friend the other day and all he could say every 5 minutes while driving home was "wow, another one!?". Yes, another car in a ditch, overturned vehicle or patrol car with flashing lights on the side of the freeway. So, let's try to be safe.

7 Tips for Winter Driving

1. Slow down and don't rush. Be sure to give yourself extra time to get to your destination. It's better you make it there, than not. This also means, drive slower on the roads which will give you enough time to react to sudden changes or stops.
2. Eliminate distractions. If you have passengers, make sure they're buckled and minimize the amount of talking you do as the driver. If you have pets, make sure they're secure in a cage. Drinking soda, coffee or eating is another distraction. Be sure these are done beforehand, your full attention is important while you drive.
3. Prepare your vehicle. Make sure your car is ready for the winter cold. Check the fluid levels, tires and wiper blades. In the mornings, while your car is warming up - check your mirrors, scrape off snow and make sure your lights work properly. This is also the time to pop in the CD you want, turn to the radio station you like or enter the destination address on your GPS device - all things that should be done before your drive.
4. Check the weather and road conditions. You can look online with a local TV station or call 1-800-ROADWIS. Decide if it's worth the risk. If you must drive, know your alternate routes if the primary one is not the best.
5. Carry a cell phone. Be sure you can call for help if you need it. Having a cell phone should actually be something you do all year round. You just never know when you're going to need it. Nowadays, cell phones also come with a digital camera. This is handy, since you should take photos, if involved in an accident.
   
6. Fill your gas tank. A 5-minute drive can easily turn into a 30-minute commute with more accidents on the road, lane closures and slow driving. So, be sure you have plenty of gas in the car. If you do get stranded because of an empty tank, check your insurance policy for roadside assistance coverage. Typically, the service is free, the only thing you would pay for is the cost of gas.
7. Tell someone where you're going. Especially, if you are traveling long distance. If you have friends or family who will be expecting you, let them know when you plan to arrive and on what route you will be taking. Tell someone even if it's a trip in-town, that way help can arrive quicker if you need it.

Ever stop to wonder if there was a better way of doing things? Well, I want to share a couple things I’ve picked up in business and in life:

Automation – I’m a big believer in automation, and I’m not talking about robotic automation - but rather, the processes that run automatically without you having to put much manual labor into them. Automation can minimize the potential for error and give you consistent results time-and-time again. The important thing is to identify which processes in your business or life you can automate, so they run smoothly. Hence, you have fewer worries.

As moms, we’re naturals at getting our spouse or kids into a normal routine. Sometimes they do things around the house without any direction from you. You’ve got them automated and they don’t even know it. Your business, job or life should be no different. Identify a process that you manually perform and see if you can automate it. See if it can run with less hand-holding or be run completely on its own.

Eliminate the Waste – One thing I’ve learned from my Six Sigma training is to review your work flow and get rid of all the waste - the steps that don’t add any value or are unproductive. We’ve all heard the saying, “time is money”? Well, as an entrepreneur, business professional or mother - your time is valuable. So, focus on steps that propel you forward, and not on the ones that take you two steps back or slow you down. These types of wastes can be distractions in our lives.

So how do you identify waste? One example would be to document what you did on a daily basis. You might be surprised to find out what your day is really like. Then, review your document at the end of the week and look for steps that are unnecessary and eliminate them. But, remember to also look for patterns. For instance, look for tasks that you seem to perform multiple times in one day, and then ask yourself if it’s necessary.  You may be able to consolidate the task and perform it a few times a week instead of daily.

I hope these tidbits of information help, and I look forward to any comments. Thanks!