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July 10, 2008

Caregiving and Aging

Filed under: Katana Abbott's Posts

As you know, I have been a caregiver to my parents. I am thankful I was able to communicate early with my folks, in fact, 15 years ago we had the conversation and I am able to enjoy time with my mother, without the stress of being the day-to-day caregiver. She lives at Sunrise Assisted Living 10 minutes away and is enjoying her security and comfort brought on by good planning. The planning we did as a family has allowed her to have plenty of income and security for the rest of her life. It also allows me to follow my dreams of writing, speaking and traveling. If you want to learn how to be prepared for caregiving with your loved ones, please feel free to visit www.DesignatedDaughter.com and download your free copy of our Caregiver’s Manual which will take you through the steps I took 15 years ago, as well as our Designated Daughter ezine. No matter where you are in the process there is a plan and help that’s perfect for you and your loved ones caregiving needs. Please let us know how we can support you. If you are a caregiver for a loved one, please be part of our survey and tell us, “What is the single biggest challenge you are facing today as a caregiver?” You can submit your response simply by filling in the comment box below under “Leave a Reply”. We also would like to hear your questions on our blog.

When Parents Need Caregiving: How to Prepare for that Call in the Night

Filed under: Katana Abbott's Posts

Pat Samplesby Katana Abbott
Founder, Smart Women’s Coaching

As women, we are often expected to fill multiple roles: loving mother, career woman, supportive wife or partner and for many, a new role – that of a caregiver to aging parents or disabled loved ones. For the last 20 years, I have helped clients create financial plans for their “golden years,” and address issues of aging and remaining independent.

We all dread the idea of that “call in the night” - the one that means we must step into the “Designated Daughter” role, manage our parent’s lives and make tough decisions about their care and welfare. But for many of us, that call will come, and it pays to have everything in place in advance. Here are five steps that you can take now to get prepared:

Step 1 - Get Organized
Before attempting to discuss financial, tax and estate planning issues with your loved ones, be sure to sit down with a financial advisor and get your own life plan in order.

Step 2 - Initiate “The Discovery Conversation” with Your Loved Ones
One way to initiate this conversation is to ask them what they would do if something happened to you. Do they know the names and contact information of your advisors? Your doctors? Do they know where to find documents such as your will, or medical forms? This may help lead the conversation into what your role would be for them. Are you needed as a caregiver, a trustee, or a personal representative? Who else might be involved? Knowing this up front will help you plan for your own future.

Step 3 - Start Planning as Early as Possible Don’t wait until the unexpected happens. It’s never too early to start planning for the unexpected. Meeting with an attorney, financial planner and insurance agent to create the proper planning may be all it takes to make sure your needs are met. Planning early when your have the most options makes sense – being proactive rather than reactive. Step 4 - Consider Purchasing Long Term Care Insurance
Start the conversation when your parents or loved ones are young and healthy and then suggest that they apply for long term care insurance as early as possible. We are living much longer and the need for healthcare and related services is exploding. In fact, seriously consider purchasing your own policy now while you are still healthy and the premiums are affordable!

Step 5 - Create a Team of Trusted Advisors This is not the time for-do-it-yourself-planning. Find a “key advisor” who is an eldercare expert and have them manage the team with you based on your loved ones goals, values and objectives. The final product should enable your loved ones to maintain their dignity, lifestyle and assets. It should also meet the needs of the caregiver. The end result: everyone involved should be able to sleep better at night knowing all concerns have been addressed and that a team and a plan is in place to meet the unexpected.


Katana Abbott is currently writing, “Secrets from a Midlife Millionaire – Create Your Perfect Life”. After a 20-year career, she left her $100 million investment management and financial planning practice to follow her dream of helping women find their passion, be financially aware and prepared, have access to the right resources and meet some of the top business-building experts in the country. Visit www.smartwomenscoaching.com to sign up for her free 7-part audio mini course, “Your Perfect Life Focus” and to access her other programs!

May 15, 2008

My Perfect Week for My Perfect LIfe

Filed under: Katana Abbott's Posts

Summers are so short here in Michigan and this year I am determined to change my lifestyle so I can really enjoy more time with my famiily and friends. What about you?

Yesterday, I made the announcement to my family that I am committed to changing my lifestyle so I only work four days a week and only six hours per day. I also am committed to taking one week per month off for personal development or rejuvination. That’s only 72 hours a month  to run my business …do you think I can do it?  I believe it will work because I will be much more focused on how I spend my time.  And best of all, I will be living with joy and enjoying life, friends and family. Isn’t that what’s it’s all about?

What if there was no such thing as the 40 hour 9-5 work week?  How would you schedule your life…what if you changed your paradigm of what is normal?  Could you become more effective…eliminate or delegate things that you shouldn’t be doing anyway…things that drain your energy and don’t generate revenue?

I have always talked about Creating Your Perfect Life Week…but have never taken it to this level. Today I am committed to keeping this promise to myself, you and my family. This is My Perfect Week for My Perfect LIfe:

  • 8-11 AM daily: Personal time for exercise, reading & meditation

  • 11 am - 5 pm Monday - Thursday: Focus and Prep time for my business

  • All day Friday through Sunday as well as my evenings:  Fun and Rejuvination with my family and friends…hobbies, adventure and connecting!

What is your perfect week? What are you willing to do to create Your Perfect Life? Do you want to join me in this challenge? I would like to hear from you.  Please click here to go to my blog and tell me what you are committed to. Remember the Law of Attractions says, “We get what we focus on…so Ask for What You Want & Then Take Action by Walking Through Your Fear.”

 

I will be posting my results on my Blog each week, and invite you to join me.  You are also invited to join me for a free preview call of my upcoming new book, “Secrets of a Midlife Millionaire - How To Create Your Perfect Life” on Monday, June 9 at 1 PM EST.  Click here to register.

April 8, 2008

Leveraging Your Time, Energy and Fun!

Filed under: Katana Abbott's Posts

Since many of us may be looking for ways to freshen up our lives and our habits, I would like to give you a sneak preview of an exercise that I created called “The Perfect Life Filter™”. The purpose of this exercise is to help us take a look at the different areas of our lives that are important to us (family, fitness, finance, fun and freedom) and to make sure that we are not out of balance in any one area. For example, I can get focused on work (because my work is one of my passions) and then ignore my heath and my family…even working through an entire weekend. This is certainly not the way to develop deep and meaningful relationships with my family and friends and in the long run…it ends up not being that much fun either!

Think about your life and what’s important to you. How can you combine your goals to leverage your time and energy? Here are some examples of how to do this for yourself. Please share your results with us on this blog. Thank you!

Exercise:

Take a moment now and list your goals for each of the following areas:

• Family Goals: (Deepen Relationships)
• Fitness Goals: (Self Care – Energy)
• Finance Goals: (Security – Abundance)
• Fun Goals: (Joy – Experiences)
• Freedom Goals: (Self Expression)

Now think of ways you can combine more that one goal to leverage your time…simple! For example:

• Family & Fun: Vacation
• Fitness & Fun: Go to the park with family
• Family & Freedom: Dancing: Trance Dance @ Karma Yoga
• Finances & Freedom: Personal Development – Creating Products
• Freedom & Fun: Travel

March 10, 2008

Affects of War

Filed under: Katana Abbott's Posts

Spring is just around the corner and I know I should be writing about something cheery and I really debated whether I should even discuss this issue with our readers, but I want to share this story with you…

I came home last night after being at an all day expo to find my daughters sitting in the dark looking as if the life had been drained out of them.  I asked what had happened and they told me that Eric was dead.  Eric was a Chelsea’s friend from high school who had been struggling with his life.  He had no family support, was living with a friend when their home burned to the ground.  One of the family members had died in the fire and his only hope to go to college was joining the army.  He adjusted very well and was going to be coming home early next year…but he never made it to college.

Our family watches intervention and last week we watched a show about a young boy who was also having trouble in his life, so he joined the army.  When he came home, he became a severe alcoholic.  He left rehab and is still drinking. 

Our events coordinator, Megan, was with some old friends who did make it back from Iraq this year.  They too have been drinking Jack Daniels on the rocks…every day.  She says they were showing pictures they had taken of people they had killed.  All I know is that I want our boys to come home healthy and to be able to live normal lives.  This is the first time our family has experienced the effects of this war personally and I wonder how you feel.  Please feel free to share your thoughts or experiences. 

My father was in the service and fought in the Korean War.  He actually died in 1963 during active duty with the Vietnam War, but he was duck hunting and in an accident.  I wonder if I would have felt differently about his death had he been killed during a battle.

I believe peace for our country is just around the corner and I hope we can become a nation that is respected for peace keeping and peace making.  Let’s welcome these men and women when they return from war help them transition back to lives of hope and opportunity.

February 20, 2008

Are You Living from Your Heart?

Filed under: Katana Abbott's Posts

As we celebrate Love this month, ask yourself if you are living fully with joy, abundance and following your passion.

Ask yourself these questions:

  • In what areas have you been holding back in life?
  • What is it you have always wanted to do, but perhaps put other’s needs first?
  • What are the hobbies that you used to enjoy that you no longer have time for? 

Spend some time journaling about where you are and where you want to be in a few years and how you want to spend the second half of your life.  You have the power to reinvent your life any way you wish, so close your eyes for a moment and dream away…then reach out and get the support that you need to make it happen because you deserve it!  Jill and I want to thank you for being part of our community and we look forward to getting to know you better.

I want to share one of my favorite quotes from Marianne Williamson’s book, A Return to Love.

“Our deepest fear is not that we are inadequate.
Our deepest fear is that we are powerful beyond measure.

It is our light, not our darkness, that most frightens us. We ask ourselves, who am I to be brilliant, gorgeous, talented and fabulous?

Actually, who are you not to be?

You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you.

We were born to make and manifest the glory of God that is within us. It’s not just in some of us; it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.”


-Marianne Williamson
“Our Greatest Fear” from her book A Return To Love


Letters from Africa #29

Filed under: Katana Abbott's Posts

Dear Family & Friends,

Some of the lessons I’m learning in this Peace Corps assignment are very
difficult to accept.  Perhaps the most challenging one is that “different”
does not necessarily mean “wrong”.

Let me tell you the story of one of our family’s donkeys.

I called this little donkey “Sweetheart”.  She was the oldest of our three
donkeys and the one I always used to fetch water.  She was so patient.  She
would stand motionless at the side of the high mountain spring while I
carefully filled the two containers hung over her back.  I never filled them
all the way – they were so heavy and she was so small.  Sweetheart would
then lead me back down the steep mountain trail to the house where I would
transfer the precious water to my storage containers.  She often followed me
around like a puppy.  I always gave her special treats – apples and an
occasional watermelon rind.

The family and villagers considered my gentle treatment of this animal very
odd.  Donkeys are beasts of burden here and are beaten more frequently than
any other animal.  I’ve seen donkeys loaded down with enormous burdens
beaten until their knees buckle for not walking fast enough.

At any rate, last week Sweetheart was taken with the other family donkeys to
fetch long grass from a distant field to feed the cows.  On the way back,
burdened with a load taller than she was, she fell off a ledge and either
broke or dislocated her leg.  The herd boys somehow got her home and placed
her lying on her side by my hut.  Matjeeka said they would probably have to
slaughter her.  I begged her to give me a day or two to see if there was
anything I could do.  I gave her some of the painkiller I had left over from
Lance’s accident, petted and brushed her, fed her apples and sweet grass and
hoped for the best.  By the next day, Friday, she could stand although the
leg was obviously badly damaged.  She could put no weight on it at all but
she could hobble around a bit on three legs before falling over.
By Saturday she could hobble around for a few hours then would get as close
to my hut as possible and collapse.

During all this time we were visited by many of the men of the village.
They all gave their opinion that this was now a useless animal and should be
slaughtered.  I knew they were right about the useless part.  By Sunday, her
fate was sealed.  Five very somber men came with the tools of slaughter.  My
brother Tjeeka came to me and said, “Don’t worry, don’t worry.”  I went into
my hut, closed the door, curtained the windows and cried.  I cursed these
people for their “cruelty”.

By Monday morning I’d gained enough composure to once again join in the
family activities.  My first sight upon coming outside my hut was several of
our dogs gnawing on Sweethearts sawed off legs.  One of the puppies was
swinging her tail around like a toy.  Sweetheart’s hide was stretched and
drying in the sun.  Her severed head lay beside the largest cooking cauldron
ready to be boiled and her flayed body lay covered with flies by the cooking
hut.  I rushed back to the seclusion of my hut but threw up before I could
get inside.

Later that day my friend and village elder, Setsomi, came to visit.  He is a
very wise man.  The news that I was upset and perhaps ill had spread.  In
our now quite effective part English, part Sesotho conversational style we
discussed our different cultures. While we were having this conversation
Matjeeka brought him, as is the custom here, a large plate of food.  It was
papa (maize meal) and donkey.  She asked if I wanted to eat.  I said, “No
thank you.”  Setsomi said, “But this is meat – a great gift from your friend
(meaning Sweetheart)”.

Although there is no way in this lifetime that I could eat this meat, I knew
he was right.  Sweetheart was providing her final gift – much needed protein
to many villagers.  The men who slaughtered her had the privilege of eating
the brain.  When they came to do this later that evening they made a little
ceremony of it.  They said, ”This donkey was old like M’e Ntabby (that’s
me), and M’e Ntabby loved her.  We thank her for her kindness to this
animal.”

Although this was in no way any apology for slaughtering the animal I know
this was their way of acknowledging my relationship with her and trying, in
the way of their culture, to help me feel better about it.  These are very
good and kind people.  They are trying as hard to understand me as I am them
and they are giving me the benefit of the doubt.

Not one morsel of this fine animal was wasted.  For two days we had a
continual stream of visitors – many orphans and the poorest of the village
came to dine on this precious meat.  Sharing with the underprivileged is
such an engrained part of this culture that it is never questioned.

The clearest message I’ve gotten from this cross-cultural experience is that
there can really be only one life.  The key for each of us is to live the
sliver we’ve been given to the very best of our ability.  I know Sweetheart
did.

With love from the strange but beautiful heart of Africa,
Peggi

January 4, 2008

January 2008 from Katana Abbott

Filed under: Katana Abbott's Posts

It is now 2008 - a New Year - a time for new beginnings. What are your plans? Have you written them down? Have you shared them with your loved ones, your business associates or your coach? By now, you may have watched the movie or read the book, “The Secret.” If so, you know that you attract what you focus on most into your life. But what kind of system or process have you put in place to create the life of your dreams? If you are not focused on living the life of your dreams, that’s exactly what you will get - what you don’t want - again.

So, what’s the secret?

It may sound cliché, but the secret is “making the time” to actually sit down and to envision your dreams for 2008, as well as three years and ten years from now.

Try this exercise now. Close your eyes and envision your Perfect Life three years from now. What would it look like? Imagine you are getting ready in front of the mirror and you have a huge smile on your face. You feel amazing. Life is good. For you to be feeling this way three years from now, what has to be happening in your life? What are you getting ready to do that day; where are you going; where are you living; who are you spending time with? (Remember - we become like the five people we spend the most time with!) How much do you earn; how do you look; what are you wearing and how do you feel in your body? Does this make sense? Please get out your journal and write it all down.

Now, figure out what has to happen between now and then for you to be in that position? Start out by writing goals. Print these out and put them where you can read them every day. (Remember, we get what we focus on.) Less that 3% of the population even writes their goals down, let alone “reads” them every day.

Did you put an income goal? If not, why? If you did, was it a stretch? Remember, there is no honor in your thinking small. As woman, if you want to do great things in the world, to make an impact on the lives of your loved ones, to leave a legacy or to make a difference, then you will need to think big and bold. You will also need to understand your relationship with money because whatever is happening with your money, is happening with your life - I promise.

There are five secrets to overcoming under-earning - to being paid what we are worth, to valuing money, to paying ourselves first and to having financial independence so we can live the life of our dreams. This year, I will be focusing on helping women become Midlife Millionaires™. I have done this myself. There is a strategy, a process and it works. I will be sharing this with you, so be sure to watch for my next article, be sure to do the exercise above and you too can become a Midlife Millionaire!

I and the other Contributing Experts are creating an entire series of programs designed to help you do this. There is no magic - just creating the plan and working with those who have done it before. Be sure to visit our Calendar of Events on our Home page so you can sign up for some of our flag ship events this month. These will be life changing. If you don’t live in Michigan and you want to join me for Secrets of Successful High Earners, don’t worry, I will be offering a similar program in a four-week teleclass in February! We have so many wonderful events scheduled for you this year. I hope you and your friends take advantage of them. Click here to share this newsletter with them now. Thank you!

October 5, 2007

How would you like to know the Secrets of Six and Seven Figure Women?

Filed under: Katana Abbott's Posts

What if I told you it was possible to pick the brains of some of the top money earners in the country?  Would you do it?  Of course you would and so would I!  This is just what my friend and best selling author, Barbara Stanny has done in her book, “Secrets of Six-Figure Women - Surprising Strategies to Up Your Earnings and Change Your Life”  You may remember Barbara’s first best selling book, “Prince Charming Isn’t Coming - How Women Get Smart About Money”.

I read this book and said to myself, “I have to meet this woman”, and then as if by magic, I was invited to a teleclass she was leading the next day.  I jumped on the call and remember taking copious notes.  Barbara is wonderful…she speaks in sound bites, so it’s easy to remember her quotes.

To make a long story short, I called our home office after the call and was given her phone number.  I hesitated…I have never done this before…but I picked up the phone and called her.  Guess what-Barbara answered the phone herself.  I couldn’t believe it!  I was talking to this best selling author and it was easy!

What’s really amazing is that we really hit it off on the phone call and the next thing I knew, Barbara had invited me to stay in her guest house overlooking Puget Sound and the Olympic Mountains and I was going to do an interview with her and take her workshop!  This was the Law of Attraction at its best!

After her workshop, I told Barbara that I had to do this workshop too.  I was so tired of only being able to help those who had money to invest.  I wanted to be able to help women make money and change their beliefs about money.  Well, again, be careful what we ask for, because last year Barbara licensed her workshop, “Secrets of Successful High Earners - Going to the Next Level in Your Life”, and this month, I will be offering it myself to the women of Smart Women’s Coaching.  This workshop is not about investing your money.  It is about your relationship with money, because whatever is happening in with your money is happening in your life.

  • It’s a powerful workshop with a 33 page workbook and is based on hundreds of interviews with six and seven figure women. 
  • There is an UnderEarning Quiz that will help you identify where you are sabotaging yourself. 

When I took the class with Barbara, I knew I was a six figure earner, but the quiz showed me the one area I was sabotaging my earning and my confidence.  I was afraid to raise my fees.  As soon as I returned from the workshop, I told my partner that we were doubling our planning fees.  You know what happened?  We received more business.  Why?  Maybe the lower fees made our work look less valuable?  Maybe we didn’t want to be hired anyway since we weren’t even covering our costs?  Anyway, that one action changed my life and my confidence.

Where are you sabotaging your life, your income and earning power?  Be sure to sign up for my free one hour teleclass on Tuesday, October 16 at 8:30 pm EST to be introduced to the Secrets of Successful High Earners.  I have attended Barbara’s 2 day live workshop three times and each time I have gone to the next level in my life.  This is a powerful workshop and I invite you to join the call!

Click here for more information!

 

July 10, 2007

Tell Us About Your Father!

Filed under: Katana Abbott's Posts

I lost my father in 1964 during the Vietnam war…I was only six, so Father’s Day always felt a little strange to me while growing up.  Many years later, my mom remarried and I finally had another father.  He was a wonderful human being and we were blessed to have him join our family.  I was married by then with two daughters.  My parents were married in our home because the living area had large open spaces and balconies off both sides.  It was Christmas; we had a huge two story tree decorated with white bows and gold bulbs, live violins and singing.  My mother even wore my wedding dress (she looked amazing!)

Then last fall my step father of 15 years, passed away of lung cancer at 87.  He came into my mother’s life just at the perfect time and their life was a true “love story”. She was 55 and he was 74 when they met. Papa Dale, as the grand-kids called him, will be remembered for his kindness and generosity.  “Thank you Dad for being part of our lives…we miss you!”

Father’s Day has become a day to not only honor “your father”, but all men who act as a father figure, including stepfathers, uncles, grandfathers, and adult male friends. Be sure to remember the “father” in your life on the third Sunday of June. 

We would love to hear your stories! Use the “Leave a Reply” box below, and click “Submit Comment” to tell us about your dad!

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