finance Archives | No Geraniums

The Importance of Life Expectancy for your Unique Personal Situation

February 2, 2022March 16, 2021 by Hannie Mommers

The most interesting question I ever got was “How old are you going to be?”. There had been a vague notion in the back of my head, but until then I had never put an actual number on it.

The importance of life expectancy is huge. Not just for life insurers but especially for your personal situation.

Why? Well, let’s say you will live to be 100. And that you retire at age 67. That means 33 years of not having a job and maybe more costs because of declining health. Which in turn means that you’d better have made preparations while you were still working.

Disadvantages of Having a Credit Card and other Debts

February 9, 2021 by Hannie Mommers

My father received his pay in a semi-transparent pay pouch. Banks were for the “people in high places” and my parents saved by bringing money to the post office, where the dimes and quarters were written by hand in a booklet.

Fortunately, a lot has changed since then. Almost everyone has a bank account, even more than one. Taking care of money matters has become very easy. However, the downside is that it is also easy to go into debt.

This article is about the disadvantages of having a credit card and other debts. After all, most homeowners have a mortgage. A car is easily leased or paid for with consumer credit. A credit card makes buying on installment obvious.

What is a Passive Income Stream? Have you ever heard of it?

January 7, 2022February 2, 2021 by Hannie Mommers

Some 8 years ago I was attending a business seminar and suddenly I pricked up my ears. What? What was he saying? The topic was Income and a passive income stream was mentioned as one of the possibilities.

Until then, I had never heard of the phrase and for a while, I kept wondering “What is a passive income stream?”

It was a solid business seminar and the question was answered thoroughly that day. Ever since I was intrigued and have tried several possibilities. I love learning new stuff and this was new to me. Although… not completely new, because unaware of the terminology I had been making a couple of passive income streams. 🙂

A Lottery to make Money? How to become Financially Healthy

January 7, 2022January 5, 2021 by Hannie Mommers

This should better not be your strategy to make money: hoping you will win the lottery. You might succeed, but chances are way higher you won’t. My son used to say: “Hope is postponed fear”.

Don’t think I was above it. I too participated in some lotteries in the past. The trickiest one was a lottery in the Netherlands based on your zip code. Can you imagine what that meant? In my memory it was even communicated in their ads, but I have to admit I am not sure of that.

“Think what will happen if your neighbors win the lottery to make money, and you are left out, because you have no ticket!”

Do Women love Money? Or do we have a Love-Hate Relationship with Money?

January 10, 2021September 18, 2020 by Hannie Mommers

Who handles the money in your household, you or your husband? If you have answered that question, ask your friends as well. You will find out that more often than not the man is responsible for the finances and the woman has no clue.

Don’t women love money? Or are we afraid of the responsibility?

Talking with my friends we discover often we all have at least one friend who unfortunately became a widow and was in a completely different financial condition than she previously assumed.

Let this not be you. Educate yourself.