Author: Prosperwell Financial

Traits of Successful Women in Business

Prosperwell Financial

I have been asked how did you become successful? First off, I don’t feel successful. Everyone has a different idea of what success means to them. I have so much more to do. I want to speak internationally to inspire more people, write more books, have a national TV show, and grow Prosperwell Financial to help even more people. But this got me thinking about how someone does become successful and I came up with four traits that I believe…
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Gratitude’s Impact on Your Money Mindset

Prosperwell Financial

When we hear the term “gratitude,” most of us think of living a happier and more fulfilling life. We think of slowing down, being mindful, and cherishing the small moments, like savoring a cup of coffee or reconnecting with an old friend. But how does gratitude shape our perspective on money? Could practicing gratitude be the missing piece for a prosperous retirement? Let’s explore how embracing gratitude can transform your financial mindset, leading to smarter investment decisions, less stress, and…
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5 Podcasts for Business Owners

Prosperwell Financial

Listening to podcasts is like having a personal coach or mentor for your business. Whether you’re looking for advice, creative ideas, or motivation, they can be a great help in reaching your goals. The podcasting industry is booming right now. Check out the growth since 2019: Year    Global Listeners 2019    274.8 million 2020    332.2 million 2021    383.7 million 2022*   424.2 million 2023*   467.7 million 2024*   504.9 million * = projected growth https://explodingtopics.com/blog/podcast-listeners Why have they…
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Finding the Ideal Place to Live in Retirement

Prosperwell Financial

Planning for retirement is rife with big questions — not just how you want to spend your golden years, but where? For some, retirement offers the opportunity to spend more time with family; for others, it’s the chance to venture into a different climate. For the most part, seniors are planning to spend their retirement near the homes they’ve always known. A 2021 study by the AARP showed that approximately 75% of people over 50 plan to stay in their…
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Active vs. Passive Investing: Which Is Best?

Prosperwell Financial

Investors and advisors alike have long debated the merits of active versus passive investing. As the markets have taken a downward turn over the last year in response to rising interest rates, this age-old question has emerged again. Passive investing seeks to generate average market returns and involves hanging on to investments over a long period of time in order to ride out the market’s ups and downs. Active investing seeks to outperform the market — a trait that many…
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Investing During a Bear Market

Prosperwell Financial

Lately, financial pundits seem to be constantly warning that a bear market is coming, arguing over whether one has begun or predicting when one will end. It’s less common for them to actually define one. From their ominous tone, you can tell it’s less appealing than its counterpart, a bull market. But what is it exactly? How does it differ from other market fluctuations? And how long does one last? What is a bear market? A bear market is an…
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The Benefits of Donor-Advised Funds

Prosperwell Financial

As tax planning season and end-of-year charitable giving begin, it’s a good time to consider the benefits of donor-advised funds. Charitable giving has many facets, most notably as an opportunity for you to support the causes and organizations that reflect your values. But giving is also a significant tax and financial planning opportunity, helping you increase your impact and potentially save on your taxes. What is a Donor-Advised Fund? Donor-advised funds offer similar benefits to a private charitable foundation; however,…
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How Diversifying Your Portfolio Can Help Mitigate Risk

Prosperwell Financial

Risk is an inherent part of investing. After all, no one can control the losses or gains of a particular asset, sector, or the market as a whole. But you can take steps to manage your risk by diversifying your portfolio. Here’s a look at what diversification is, why it matters, and how to do it. What is diversification? Diversification is a technique that can help reduces risk and volatility in your investment portfolio. The idea is to invest across…
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A Beginner’s Guide to Alternative Investments

Prosperwell Financial

Alternatives are investment options beyond the typical stocks, bonds and cash found in most portfolios. They can be tangible assets like precious metals, or they could be financial assets like private equity or hedge funds. Alternatives tend to be riskier than traditional assets, which means investors usually have to meet certain criteria to access them. Here’s a closer look at alternatives and some of the most common options available. What is an alternative investment? An alternative investment is a financial…
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Understanding the Charitable Remainder Trust

Prosperwell Financial

Understanding the Charitable Remainder Trust The charitable remainder trust (CRT) is a popular retirement- and estate-planning tool. It can be a convenient way to create a stream of lifetime income for yourself and others or donate to a charity while minimizing and deferring taxes. But there are many choices to make when establishing a CRT and, in some cases, these tools may not be right for everyone. What is a Charitable Remainder Trust and How Does it Work? A charitable…
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