There’s so much to know and learn about finances as you work through divorce. Laurie's wealth of information presented in her clear, calm way has been invaluable as I move forward with my life. It was also the reality check that I needed. This class can be taken at your own pace giving me time to digest the information and to ask questions. I highly recommend it to any woman who wants to empower herself and take ownership of her financial future.
- Jen Raphael, Professional Organizer
If you are recently-divorced or going through a divorce, you may share the #1 fear of divorced women, which is the fear of running out of money. You might ask yourself, "How will the same income that used to support one household now support two?"
Even divorces that aren't financially devastating often result in a decrease in a woman's standard of living. Do you wonder if you're earning enough, saving enough, or investing enough? You're probably worrying enough!
Without a plan to increase income and/or reduce expenses, and without deliberate action to make the money you save grow over time by investing it, there is a strong possibility that you may outlive your money.
Imagine if you could:
You probably spent hundreds or even thousands of dollars on a lawyer or mediator to help you during your divorce. But who is there to help you after your divorce?
The Recently-Divorced Woman's Guide to Financial Independence is an affordable online course that helps divorced women transition financially from married to single life.
By watching Kim (a 37-year-old working mother of a young son) and Beth (a 54-year-old un-employed mother of three grown kids) navigate The Options Lady's 8-Step Process on How Not to Run Out of Money, you'll learn how to complete the steps for yourself.
You'll have a year's worth of unlimited access from any device to the course which includes over 30 modules containing how-to video demonstrations, articles, and downloadable worksheets -- all for less than it costs for a one-hour meeting with a lawyer!
Introduction: The Options Lady's 8-Step Process for How Not to Run Out of Money
Discover the eight steps you need to follow to ensure you don't outlive your money.
Lesson (1): Secure What's Yours and Protect What You Have
Once your divorce is finalized, there are steps you must take to ensure you take control of the assets that are now legally yours. Assets and debts don't transfer themselves. This lesson contains a post-divorce financial checklist to guide you through this process. Save time and money by understanding what you need to do and when you need to do it.
When you have finished Lesson 1, you'll be able to complete Step 1 in The Options Lady's 8-Step Process on How Not to Run Out of Money.
Lesson (2): Pay Your Bills and Pay Yourself
What does it mean to pay yourself? When you pay bills every month, make sure to include YOU in the list of payees. As a divorced woman, it is imperative that you establish a post-divorce budget otherwise you might find yourself under-funding your nest egg and placing yourself under a growing mountain of debt. If the thought of building and sticking to a budget makes you mildly nauseous, you'll be delightfully surprised how empowering this task can feel when you are properly guided on the use of free online budgeting tools.
When you have finished Lesson 2, you'll be able to complete Step 2 through Step 6 in The Options Lady's 8-Step Process on How Not to Run Out of Money.
Lesson (3): Invest Your Money Now to Create Financial Abundance Later
Once you set yourself up to save money each month, you need to know what to do with it. It is not enough to save your money -- you must invest it so it grows. All forms of investing carry risk and you can lose money. But if you don't invest at all, you'll likely run out of money.
In this lesson you'll learn how much money you need to save based on your lifestyle and how to generate investment income from that savings. The decisions you make now about how to invest your money (and who to hire to advise you) can determine whether or not you run out of money.
When you have finished Lesson 3, you'll be able to complete Step 7 and Step 8 in The Options Lady's 8-Step Process on How Not to Run Out of Money.
Laurie Itkin is an expert on women and investing. She is a financial advisor, certified divorce financial analyst, and author of the Amazon best seller, Every Woman Should Know Her Options: Invest Your Way to Financial Empowerment. Laurie appears frequently on television and radio as a commentator covering the stock market and personal finance. Her passion is teaching women how to become financially independent and has helped many clients rebuild their financial lives after divorce.