August 2016
[OPTION B]
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MoneyZen Newsletter
In this monthly newsletter, I strive to bring you inspiration and information to help you simplify your finances and simplify your life.

Warmly, Manisha

As the Director of Wealth Strategies for
Women at Buckingham and The BAM ALLIANCE, I work with individuals and
families to help them find financial calm
and confidence. Watch the video to the right to learn more!

Looking for a trusted financial advisor? I can help. Click here to learn more about the Buckingham team or reach out to me directly at MoneyZen to be put in touch with a fee-only, fiduciary advisor in The Buckingham Family.
"Aging is an extraordinary process whereby you become the person that you always should have been."

- David Bowie

 
Last year Facebook COO Sheryl Sandberg, author of the best-selling - and controversial - 2013 book LEAN IN: Women, Work & The Will To Lead (which encouraged women to do whatever it takes to move forward in their careers), experienced a horrible personal tragedy. While on vacation in Mexico with her entire family her husband of 11 years, Dave Goldberg, suddenly passed away due to his heart condition. His body was found on the floor of the hotel gym where he collapsed during a workout. This high profile mother of two had her world turned upside down in the matter of minutes.

Enter Option B - this was clearly not the life Sheryl expected or planned for. Option B is also the tentative title of her upcoming book co-written with Wharton Professor and her dear friend Adam Grant. The tentative title of Sandberg's new book comes from this experience with a supportive friend:  "I was talking to one of these friends about a father-child activity that Dave is not here to do. We came up with a plan to fill in for Dave. I cried to him, ‘But I want Dave. I want option A.’ He put his arm around me and said, ‘Option A is not available. So let’s just kick the shit out of option B.’"

What on earth does this have to do with personal finance and investing? Increasingly I am realizing that the reason so many of us have such a hard time facing our personal finances head on is the faulty notion that if we simply work hard enough, everything should work out ok and in our favor. So when it doesn't, we feel shame, embarrassment and fear - as if we have done something wrong. When I meet individuals who are at the ideal points in their lives to benefit from holistic financial planning and yet they avoid seeking it out, what I often find beneath the surface is that for one reason or another they are finding themselves executing on "Option B" in their lives. Rather than surrender to this new reality and focus on making the best of it, human nature often leads us to cling to a hope that Option A will return.

Finding myself unexpectedly divorced after a 12 year relationship and rebooting at age 46 in a brand new city, I know only too well the powerful draw of a hoped for return to Option A. [For those in a similar situation, here are some books currently helping me maximize my plan B:  The Course of Love by Alain de Botton, The Lonely City by Olivia Laing, Furiously Happy by Jenny Lawson, and Radical Acceptance by Tara Brach].

So if you are finding yourself for whatever the reason reluctantly dealing with Option B in your life, perhaps you can find some inspiration in Sheryl Sandberg's journey through grief and resilience - and take whatever steps you need to, financial or otherwise, to maximize your next chapter in life.

To your MoneyZen, Manisha



 

CNBC:  "My Big, Fat Over-gifted Wedding"

Kiplinger: "Savvy Retirement Moves for Women"

Women's Health: "What To Do If You Are Audited" {see current magazine issue for full article!}

 
Interesting articles that caught my eye this month...

"How To Be A Lot Happier: 7 Things The Happiest People REFUSE To Do" - Inc. Magazine

"In 'Equity,' No Room for Sisterhood Amid Gloves-Off Wall Street Warfare - New York Times {Movie Review}

"Suspending The Rules & Assumption - Especially For Women - Of What It Means To Lead and Live" - Tara Sophia Mohr

"Resilience Is About How You Recharge... NOT How You Endure" - Harvard Business Review

"Jennifer Aniston: For The Record, I Am Not Pregnant. What I Am Is Fed Up. [on the media's obsession w/ bodies & babies - Huffington Post

 

A Life Full Of Experiences May Not Mean Less Financial Security

Manisha loves Carl Richards’ drawings because she firmly believes that the best investment ideas should be simple enough to explain on a cocktail napkin! BehaviorGap.com illustrations used with permission.
About Manisha

Manisha Thakor, CFA, CFP®, and her Buckingham colleagues provide evidence-based wealth management to families across the country. An ardent advocate of financial literacy for women, Manisha is passionate about providing the financial wisdom that women and families need to redefine their relationship with money. 

Manisha is the co-author of two critically acclaimed personal finance books: On My Own Two Feet: A Modern Girl’s Guide to Personal Finance and Get Financially Naked: How to Talk Money with Your Honey. Her work has been featured in a range of national media outlets, including CNN, PBS, NPR, The Today Show, Rachel Ray, The New York Times, The Wall Street Journal, The Boston Globe, The Los Angeles Times, Real Simple, Women’s Day, Glamour, Essence and MORE magazine.

Manisha earned her bachelor’s degree from Wellesley College in 1992 and her MBA from Harvard Business School in 1997. She lives in Portland, Oregon, where she joyfully revels in the amazing coffee/foodie scene and stunning beauty of the Pacific Northwest.

About MoneyZen

Manisha's "MoneyZen" work is an outgrowth of her quest to identify simple, joyful methods that we can all use to feel calmer and more balanced in our relationship to money. Despite the abundance of educational resources on personal finance, many struggle to find financial sanity, security and serenity because they're overwhelmed and confused. We need fresh wisdom to break out of the cycle of despair and create lives of abundance. Enter: MoneyZen.

  Connect with Manisha
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