Archive for the 'Media Mentions' Category
Tuesday, November 17th, 2009
Sometimes what you don’t know can hurt you! In fact, blind faith and lack of knowledge make you more vulnerable to becoming a victim.
A lack of financial understanding is no excuse, yet is the reason why millions of people suffer from financial anxiety and thousands end up getting fleeced. You may think you’re doing all the right things by asking professionals about financial transactions, but this is no guarantee that you won’t be ripped off or make an inappropriate investment. Getting your education from a financial professional who has a vested interest in selling you a product or service is like asking the fox to guard the henhouse. At best, you get someone providing you with biased information; at worst they are just licking their chops! The reality is you don’t have money to lose, and even if you have an advisor, that person will never have to walk in your shoes. The worst thing you can do is to have blind faith in a third party simply because they have expertise in an area that you know very little about.
So what do you do? Practical financial education for adults isn’t readily available, and to go back to school to learn takes time and money.
The solution is simple. There’s a new breed of financial professionals who are subscribing to a neutral third party service to help educate their clients, thereby reducing the potential for conflict of interest. Not only are these advisors providing added value and education to their clients through these services, they are helping them get informed on issues they need to be aware of; the kinds of questions they should be asking; and the type of information they need to make informed, competent personal financial decisions. These advisors are holding themselves to a new level of accountability above and beyond industry requirements by directing clients to inexpensive, unbiased training.
One such program, The MoneyMinding Minute Manager, has been developed by a financial literacy expert and specialist in behavioral finance. This program incorporates day-to-day activities with the emotional element of financial decision-making. Among its many resources, subscribers receive tips, ideas and action plans and have access to an online community allowing them to ask personal questions in an anonymous forum. Consumers cannot purchase financial products, but do get their financial direction allowing them to figure out what they should know before committing their money towards anything. They get direction on what to look for when opening a bank account; how to find money to expand a business; how to make decisions about investing, insurance, mortgages, real estate, wills, taxes, business, kids, marriage, divorce, shopping and more.
“It is third party edu-advice,” says founder of www.moneyminding.com, Tracy Piercy, CFP. “Consumers learn to ask the right questions when making financial decisions and therefore, get better advice and are less likely to fall victim to fraud or inappropriate financial activities.”
For more information contact:
Consumers:
MoneyMinding Inc. or The MoneyMinding Foundation, Victoria, BC
(250)592-0457 or info@moneyminding.com
Media and Financial Professionals:
Tracy Piercy (250)592-047 or tracy@moneyminding.com
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Monday, November 16th, 2009
Gary Rabbior, president of Canadian Foundation for Economic Education says, “The recent calls for more Canadians to know more about their finances is a great opportunity for change…” and outlines all the benefits of the MoneyMinding system and training in his recent article called 10 Tips to Improve Canada’s Financial Literacy published on Monday, Nov. 16, 2009:
http://www.theglobeandmail.com/globe-investor/investment-ideas/investor-education/10-tips-to-improve-canadas-financial-literacy/article1361343/
He also says, “It takes incentives and more than education to change our ways…” and that “programs aimed at kids from kindergarten to Grade 12 to increase their financial literacy are a good move, if they’re done right…” but, there is a need for the established adult too:
http://www.theglobeandmail.com/globe-investor/investment-ideas/investor-education/it-takes-incentives-and-more-than-education-to-change-our-ways/article1361342/
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Wednesday, May 27th, 2009
Posted by Warren Frey on Tue, May 26, 2009 9:40 AM · http://www.techvibes.com/blog/moneyminding-connects-financial-advisers-consumers
Moneyminding, a new company that has created a multi-media educational system that aims to teach people how to gain financial acumen without having to go back to school.
The current system, said MoneyMinding CEO Tracy Piercy, doesn’t work. People have been told to save a nest egg for retirement but only bring home $3,000 a month, so there’s a disconnect between what people are told they should do and what’s actually possible. Additionally, financial professionals are recognizing the need to branch out into a values-based approach and are hungry for a way to stand out from the crowd, Piercy said.
Moneyminding changes the paradigm by automating the delivery of financial education to the consumer.The company’s core product is the MoneyMinding Makeover, which puts consumers through a 30 hour training course that can be attended live or by webinar for $2,000. The course can also be licensed to industry professionals, who can then train consumers. This creates a monthly-annuity like income with high profit margins and low turnover, Piercy said.
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Wednesday, April 8th, 2009
Well at least Tracy and Sue are. In just a few weeks time the National Publicity Summit is being held in New York and we have been accepted as one of the 100 participants they take. We could have gone in October but as far as we are concerned there is no time like the present. It’s a good thing we have access to cash so we can take advantage of unexpected opportunities.
Tracy has to choose the top media people she wants to make contact with and then has to prepare for one on one meetings; pitch and do it quickly. There have been meetings with different specialists: Media (a producer for 7 years with Oprah), Image, and PR. Tracy and Sue are making copious notes and like always we will share all the tips and tricks in our weekly calls and communications with MoneyMinding Certified Advisors.
We have big plans for the knowledge and contacts that will come from participating in this summit. Our MoneyMinding Certified Advisors will receive the maximum beneft we can give in order to reach the countless people who need a fresh perspective in today’s economic environment.
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Tuesday, October 21st, 2008
You know we are saying something different when a corporate press release gets picked up by one of the most prestigious publications in the country!
Investment Executive magazine took our story “Get Rid of the Cliche Financial Advice For Real Results”, edited it just a bit, and ran it in their online edition.
Their title is “Educator urges investors, advisors to take active role during financial crisis”. Actually, we urge investors and advisors to take a more active role at all times!
And of course, the best way to start taking control is by educating yourself, and becoming both familiar and comfortable with discussing your finances and your life goals. That’s why we developed The MoneyMinding Makeover and membership in The MoneyMinding Network.
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Monday, June 30th, 2008
One good turn deserves another: Sally Heringstad, a US-based journalist who writes for CreditCards.com and RedPlum.com, as well as other publications, was looking for money experts and she found us!
In the article “Free Session With A Financial Planner: Should I Bother?”, Sally recommends that you interview three or four financial planners before you decide on one that will be the right fit for you. We agree - you can read the whole article, with a quote from Tracy and a link to MoneyMinding.com, right here.
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Friday, February 1st, 2008
Tracy’s first book, Enlightened Wealth, was chosen this week as a Cool Book of the Day, by internet marketing pioneer Dan Janal for his website, CoolBookOfTheDay.com!
We love Dan anyway because he also runs PR Leads, which provides many opportunities for us to speak to journalists about MoneyMinding. It’s a real bonus to be able to tell the world exactly why Enlightened Wealth is a life-changing read for the starting out, the lifestyle-financed and the worried wealthy alike.
CoolBookOfTheDay posts a new book each day, and they are sorted into categories, with author interviews for each. If you like what you see, the site links to Amazon to order the book.
Why not check it out at www.coolbookoftheday.com and let him know what a great service it is!
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Friday, January 25th, 2008
Catherine here again… as part of our “task sharing” at MoneyMinding, Tracy is listed as a money expert in the very useful PR program run by Dan Janal, called PR Leads. And I prescreen the PR opportunities that are filtered and sent our way, so that Tracy can respond to the good ones.
These aren’t always directly related to personal financial planning, as today’s experience shows. Usually I look for queries such as “how do you reestablish credit after a financial struggle” or “what is the right amount of money to save for retirement”. Those are very obviously questions that can use MoneyMinding’s unique approach in a quick three-point response. But today, one of the ones that came in was “what expert advice would you give for shopping at garage or yard sales?” It seems simple, it seems trivial, it seems hardly worth a second thought. But it’s also good territory for a MoneyMinding Mentor moment. So, channelling Tracy (who is still in Vancouver at our Mastery training), I respond with our best MoneyMinding information. You know - go with a plan, cash, a spirit of abundance and be open for opportunity. That sort of thing.
And wouldn’t that “trivial” piece be the one that gets a response from the journalist writing the piece! Within half an hour of my response, I got another email asking for advice with bargaining. She followed up! So money expert Tracy Piercy will be getting a mention in a big Chicago newspaper. It’s all part of the “I heard of you somewhere” factor that PR expert Jill Lublin tells us to do.
If you are an expert (and aren’t we all!), and needing publicity for your business, I certainly recommend PR Leads (www.prleads.com) And Jill Lublin at www.promisingpublicity.com.
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Monday, January 21st, 2008
While the Internet is increasingly important to MoneyMinding’s marketing strategy, there’s still a huge place for radio in our overall plan. For starters, most of our MoneyMinding members are women aged 40 - 60… and we listen to the radio! In our cars, at our work, even at home, it’s what we’ve grown up with and we’re a loyal bunch.
Taking advantage of that fact, we’re finding great programs and stations where Tracy and other MoneyMinding advisors can get the word out. Sunday Jan 20th, Tracy was a guest of Sandra Yancey on the eWomen Network Radio show. It’s a wonderful platform for women in business, being widely syndicated throughout the USA. Then the very next morning, Ohio radio listeners could hear Tracy on the Pat In The Morning Show on WWOW, near Cleveland. A 6 am wake-up call for Tracy put her just at the end of rush-hour in Ohio, which is 3 hours ahead. Let us know if you were one of the listeners this week!
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