Good infographic from the President`s Advisory Council on Financial Capabilities (US)
The Money As You Grow Website is a great resource no matter what side of the border you live on. The site strives to help parents educate their children about how to live financially smart lives,
The site offers 20 essential, age-appropriate financial lessons with activities that reinforce learning about money. It`s a great way to start a dialogue about money. The site is a great resource for Families, Community Organizations, Non Profits and Businesses who understand and wish to promote financial literacy.
Being financially aware is sexy and will make you more attractive ….Forget the Beauty Makeover!
Thanks to a recent survey ( Experian Credit Score Marriage Survey Report 2014 by Edelman Berland) there is now compelling evidence that you can forgo the beauty makeover. It’s all about being financially aware (or mostly)
Married adults value financial responsibility more than physical attractiveness in a long-term romantic partner (spouse)
And…financial compatibility is more important in a big way for both married and unmarried adults than Politics, Religion, Career goals & even sex & Intimacy…
We think that means that LegacyTracker can make you sexier by helping you become more financially aware. LegacyTracker allows you (and your spouse) to simplify, safeguard and share your important financial information. LegacyTracker comes pre-loaded with a comprehensive set of templates that enables you to become empowered with your own financial information, a net worth tracker and reminders and alerts about outdated or missing information. Yes. Who knew that could make you more sexy right ?
Definitely Good to know.
Here`s more from that survey
In our increasingly digital world, digital assets are adding up…the average digital user (like you) has an estimated $35,000 in digital assets
Digital assets include purchased movies, music, games, digital photos, communications and social media profiles including blogs like this. Many of these digital accounts can be subject to complicated terms of service agreements, which can make it frustrating or impossible for loved ones to access. Depending on where you live, such terms of service agreements might even put loved ones in legal trouble related to anti-hacking or privacy statutes, if they try to log on to your accounts after you die.
Estate Plans for Digital Assets are becoming more critical
That’s why it’s important to include detailed directions and information about your digital assets into your estate plan and save those instructions somewhere safe (LegacyTracker provides a spot for that)
An estimated 30M Facebook users died in the first 8 years of Facebook alone
A good visual guide about what happens to your social media profiles after death comes by way of Dan Shaffer at WebpageFX
The world is changing and this guide is not a definitive answer in all cases. Clearly, Different Sites / Different Rules / Different Data & Different Documentation is accumulated & required after death of you or a loved one.
Here’s some more Facebook Trivia: with 1 billion users already using Facebook, in the unlikely event that growth stopped on Facebook completely, it’s estimated that the number of deceased users would outnumber those living by 2065. If Facebook continues to grow and memorialized accounts are never removed, then deceased users will exceed living users by 2130.
LegacyTracker can help you organize & safeguard important information about your digital assets -in life and death
This interesting infographic on the (mysterious?) Millennial Mind highlights how Millennials have a devotion to Authenticity, Community and Giving & comes by way of PSCU : The Millennial Mind
PSCU initiated a Make your Money Matter Movement recently to help leverage what they know about the Millennial generation to attract, engage & move millennials to Credit Unions. Based on what we know about Credit Unions and what we are learning about Millennials, that makes good sense. It seems to be paying off based on the results that PSCU has posted. It’s an interesting and insightful read.
There’s no question: Millennials (born between 1976 & 1994) think differently than older generations and they definitely have the buying power to be disruptive especially with their fresher attitudes towards living life in a friendlier manner and their preference for using technology to manage that life. PSCU summarizes it as “Millennials are drawn to business models in which extending the life and value of good s is a core tenet”
We like the way millennials think .
We can help financial service providers attract millennials with a technology offering to help them manage their busy financial lives going forward.
Behold Less Bewilderment
Thanks to H2 Central for the great infographic Canada’s robust financial sector my seem a little less confusing. H2 Central published their helpful infographic last week which they indicated, came about from “periodic encounters with clients bewildered by the intricacy of our respected but complex investment sector”
Indeed. It’s a robust sector and challenging to grasp; full of regulators, financial literacy organizations, educators, advisors, investment companies, investment producers & distributors some who are AND some who are not connected. Not sure? Check out the colour codes and note the associated abbreviations/acronyms …
$58 Billion in Unclaimed Funds or Financial Assets is a lot of Money.
But the very good news is that it’s fairly organized in terms of where to find it as opposed to say Canada.
Here’s an infographic provided by the Money Blog of NPR. It provides a breakdown of the $18 Billion or so that was held as of last year by the Federal Treasury of the US. This is just the Federal Amount of Unclaimed Money whereas each State has their stockpile as well that awaits the legal owners to find it; that’s another estimated $41.7 Billion
$16 Billion in Unclaimed Savings Bonds can be found here at treasuryhunt.gov
$900 Million in Unclaimed Tax Refunds (which expire after 3 years) can be found here
If you want to check out the State Treasuries for Unclaimed funds you can find a link to each State at the national Association of Unclaimed Property Administrators website unclaimed.org
$18 Billion in Unclaimed Cash in the Federal Treasury