College Bound and Gagged with Dr. Nancy Berk

To hear this broadcast, click HERE.  To listen to any or all of the Mom of Many Hats Radio broadcasts, click HERE , or click PODCAST GAL or the Podcast Gal on the sidebar to download at no charge in ITunes!

Do you feel like you are about to lose your sanity as you are trying to help your kid find their path?  Is the war of the ages playing out in your household as you navigate the battlegrounds of relationships, finance, and the college application process?

Nancy Berk Ph.D, joined Mom of Many Hats Radio to share her funny, but informative take on helping your kid get into college without losing your savings, your relationship, or your mind.  Having gone through the process twice herself, and having the insight of a therapist AND college professor, Nancy’s comedic approach and explanation of the process is sure to put a grin on your face and lighten the dark night of the college prep experience. She shared her humor and her expertise with us on Mom of Many Hats Radio!

Getting our kids off to college is a learning curve.  Even if we have more than one child and have gone through the process before, we are still stressed about the process. Dr. Nancy Berk advises us about how we can manage that stress. She gave us the following tips:

  • We should realize that there is more than one perfect place for our child – and to remind our child of that.  If we or our kids think that there is a single perfect place, we are setting ourselves up for disaster.
  • As parents, we have anxiety about our kids taking their SATs and ACTs, but our kids have just as much or even more. We need to relax and contain our anxiety to help them through it.
  • As parents we have dreams about where and what they should be, but in reality, it is their dream, not ours. As parents we need to back off and for the most part let them drive the process
  • We need to understand and see where we need to direct, push and pull a bit to keep the process going –  our life  experience and management skills can help them meet deadlines.  But, our children will be successful in the process if we allow them to drive the process, write their own essays, and do some of the problem solving and investigating in the process.
  • What we can do as parents is work with our kids strengths and weaknesses to help them find the right place, maintain a good relationship with them, and maintain some of our  savings.
To listen to the entire broadcast, click the listening link above. 

Dr. Nancy Berk is an award-winning humorist who puts life on the couch for a laugh. A stand-up comic armed with a Ph.D. from Vanderbilt University and the skills of a therapist, professor, and researcher, she’s been described as “Dr. Phil meets Tina Fey”. Her latest book COLLEGE BOUND AND GAGGED: How to Help Your Kid Get into a Great College without Losing Your Savings, Your Relationship, or Your Mind, tackles the tightrope millions of parents walk during the college process by throwing them a net and some laughs. Her book can be found at Amazon. To enjoy more of her humor about life and her insight, visit Whine at 9 – her weekly podcast.

New Year Financial Resolutions with Jerry Citarella – First Friday Finance!

To hear this broadcast, click HERE.  To listen to any or all of the Mom of Many Hats Radio broadcasts, click HERE , or click PODCAST GAL or the Podcast Gal on the sidebar.

The New Year is upon us! 

Did you make resolutions? Were any of those resolutions regarding finances?

The new year is a fresh start and a chance to take a fresh look at things in our lives.  One of the areas we should look at is our finances.  As the new calendar year starts, making assessments of financial heath and identifying changes can help start the year off on a good path.  Looking at household budgets, large purchases or savings goals, and retirement plans is a wise and responsible financial task that we should not shy away from.

But looking at and assessing finances can be a difficult and daunting task.  We may see things we don’t want to see.  We may need to make changes that we don’t want to make.  Even if our financial health looks good, it is always prudent to revisit our financial plans and goals. Where ever the health of our finances stand, we should not be afraid to dig in, and not be afraid to ask the opinion of a financial professional.

Guest Jerry Citarella – Financial Professional

Jerry R. Citarella of Infinity Wealth Management, and author of The Truth Helps Series, joined Mom of Many Hats Radio to discuss how we can navigate our New Years Financial resolutions. Jerry has 20 years experience in the financial services industry and has been a trainer and speaker on various fianancial topics. From what types of goals to set, to managing budgets and purchases, to where to start when your finances seem overwhelming, Jerry will offer advice and discussion on setting ourselves on the path to financial health.

Although each person’s financial planning and situation is unique and should be discussed with a professional individually, Jerry offered some general advice on how we can set ourselves on a path to meeting our financial goals.  A few of the take-aways from the broadcast include:

  • A good place to look at  when making financial goals is at spending habits.
  • Separate needs and wants.
  • Be realistic about your financial situation and seek out unbiased opinions.
  • Create accountability for yourself in reaching your goals.
  • Be patient in reaching your goals.
  • It’s never too early to start saving for large life expenses and retirement.
  • When you are choosing a financial professional, if they are not asking you the hard questions, you may want to keep looking.
You Can Be a Winner!

Along with the great advice, we have two opportunities for you to win a copy of Jerry’s book – The Truth Helps.  Answer one of the following questions and submit your answer to Mom of Many Hats Radio through the contact e-mail. The first correct answers received via e-mail will be winning entries.  E-mails will be accepted and answered until until the sooner of February 6, 2012 or until both questions have been answered correctly.

1. On average, how much of their disposable incomes do Americans spend? (Answer is in the broadcast)

2. In what year was Jerry inspired to write about truth in the financial planning process? (Answer is in the broadcast or on Jerry’s site.)

Good luck and good financial planning!

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