We're Bailing Ourselves Out!

Well, I'm am excited out my upcoming financial seminar! In the process of planning this event, I've met some wonderful and interesting people. I'm driven by their stories of financial triumph and how many of them have decided to take the reigns when it comes to their money.

For instance, Doug, who said he wanted to go back to school, but didn't want to go into debt to do it. We talked about him only taking one class per semester and picking up an additional job for a few hours in the evenings to cover the cost. This was doable since his classes would only be one night per week.

I've been able to encourage others as well, who aren't quite there yet, who don't quite see the light at that end of the tunnel. Just keep pushing forward, continue with your diligence and one day you'll look up and the pile of bills won't be so high, the creditor calls won't be so frequent and you'll have some money left over when the dust settles.

Don't let debt and monthly bills steal your joy or peace. Develop a plan, stick to it and determine not to be stressed.

For those of you in the Metro Detroit Area, come on out tomorrow night, I'll be discussing nuts and bolts solutions to managing your money. Joining me will be:

Tanya Thornton, President of Thornton Insurance Agency http://www.farmersagent.com/tthornton1/

DeShawn Johnson, President of Black e-Commerce
http://www.blackecommerce.com/index.cfm

For all my out-of-towners... don't worry... I'm coming to a city near YOU!

~Dorethia
www.connercoaching.com
dorethia@connercoaching.com

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BAIL YOURSELF OUT!

FREE PERSONAL FINANCE WORKSHOP

Thursday, July 16, 2009
6:00 p.m. – 8:00 p.m.
University of Michigan Detroit Center
Skillman GNI Technical Assistance Center
3663 Woodward Detroit, MI 48201
(At the Corner of Mack and Woodward)

Parking is avail. on Woodward or we will validate parking in the structure behind the building

- Money Management w/ Dorethia Conner, Pres. of Conner Financial Coaching

- Basic Insurance needs w/ Tanya Thornton, Pres. of Thornton Insurance Agency
- DeShawn Johnson, Pres. of Black e-Commerce will also give useful tips for your job hunt!

Why buy it? Rent and return any of thousands of items | detnews.com | The Detroit News

Why buy it? Rent and return any of thousands of items | detnews.com | The Detroit News

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Bail Yourself Out! Free Financial Workshop

BAIL YOURSELF OUT! FREE FINANCIAL WORKSHOP
Financial Coach Offers Free Workshop for the Community

DETROIT, Michigan (June 30, 2009) With the state of the economy being as it is, people are looking for concrete steps they can take to manage their money - especially in Michigan where the unemployment rate is the highest of any State at 14.1%.

Dorethia Conner, Financial Coach, will present ‘Bail Yourself Out!’ – a free personal finance workshop:

Thursday, July 16, 2009
6:00p.m. – 8:00p.m.
University of Michigan Detroit Center
3663 Woodward, Detroit, MI 48201.

The workshop will show people how to:

· Tap into talents to earn additional income
· Know what to pay first when there’s more month than money
· Save for emergencies
· Develop a realistic budget and eliminate debt.

“It is important that people are equipped to handle financial issues when they arise, because we all know there will be challenges. Our job is to empower by educating people on how to save, budget and plan for the future – themselves. “ says Conner, "Attendees will walk away from the workshop with steps they can take immediately to change their finances".

Tanya Thornton of Farmers Insurance Agency will also discuss the importance of life insurance and other insurance needs.

This workshop is free and open to the general public as well as the residents of the Skillman Good Neighborhood Initiative, but registration is required. Registration also enters your name in a drawing for Free Financial Coaching Sessions. For more information or to reserve a seat, please e-mail info@connercoaching.com or call 800.962.2491.

About Dorethia Conner
Dorethia Conner, President of Conner Coaching, is a financial coach, public speaker, and community advocate with various organizations in the Metro Detroit area. Conner Coaching offers workshops and one on one coaching for individuals, families, organizations, companies and youth groups. Dorethia helps clients save, get out of debt, deal with creditors, build wealth and live financially free.

For more information, interview or to request Dorethia to speak to your group or organization, please email info@connercoaching.com ~ visit http://www.connercoaching.com ~ or call 800.962.2491.

Financial Coach Offers Solutions for Real People

– (June 2009) Robbing Peter to Pay Paul. Rubbing Two Nickels Together. Living Paycheck to Paycheck. Dorethia Conner has heard them all. Not just because of her more than five years experience teaching people about personal finance, but because at one time in her life she rehearsed and demonstrated them on a number of occasions. Conner, a single parent of two, found herself in a financial tailspin and knew that change was imminent but could not immediately find the help she needed. “No one taught me the ABC’s of finance. I had to wing it,”..........

Click Title for rest of the story or link below:

http://www.connercoaching.com/PressPage.pdf

http://www.dorethiaconner.com/ ~ info@connercoaching.com

Do You Have Time to Get Back in the Black? WSJ.com

by Dave Kansas ~ Wall Street Journal June 14, 2009

The past couple of years have proven tough for most retirement accounts. Diversification provided some respite, but, overall, most portfolios got mauled.

In recent months, the stock market has rebounded, but most of our nest eggs have still lost a lot of money since the market topped out in 2007. And all of us have lost a lot of time.
Alas, there's no such thing as a risk-free approach to rebuilding your nest egg. Super safe may feel nice, but it pays no returns over time. A few of us are in a position to live off a super-safe approach, but most of us are trying to figure out how to get back on track.

Figuring out how to deal with your retirement portfolio depends on where you are in your life. Time is perhaps the most important element in building or rebuilding a portfolio. That's one reason we're breaking down this nest-egg analysis into age groupings, aiming to give people some ideas that suit their current situation.

Click on title for complete story from The Wall Street Journal - Enjoy! - Dorethia

www.connercoaching.com

~Ask About Our Gift Certificates!~

800.962.2491

info@connercoaching.com

Hard-to-Insure Find Novel Way to Get Coverage

By KELLY GREENE from The Wall Street Journal Wednesday May 27, 2009

People who have lost their employer-provided health insurance because of a layoff, early retirement or other reasons are turning to a little-known strategy to get coverage: forming a small business, or using an existing one, to buy a group policy.

The strategy is used by groups as small as one person, and is particularly useful for people with chronic health problems -- so-called pre-existing conditions -- that insurers refuse to cover or that result in steep premiums. Group health plans, under federal law, are required to cover such conditions, as long as the individual doesn't go uncovered for more than 63 days.

Click on title for complete story from The Wall Street Journal

New Credit Card Rules take Effect in 2010

by Dorethia Conner, Personal Finance Coach ~ http://www.dorethiaconner.com/

The Credit Cardholder's Bill of Rights has been passed and I for one am applauding. It is long overdue in an industry that has run rampant far too long. I'm not negating the importance of personal responsibility when handling credit, but do understand that the carefully crafted sales pitches can convince even the financially savvy at times.

I do not suggest using credit cards - for anything. With that said, I'm aware that 75% of Americans have credit cars and am glad there are some protections in place for them.

Credit card companies can no longer charge you to pay your bills by phone, online, or electronic transfer, nor can they raise interest rates for the first year. If a promotional rate was offered to attract consumers, they must offer that rate for at least 6 months. Any payments received over the minimum balance due will be applied to balances with the highest interest rates. Oh and no sudden increases in interest rates either, yes those little surprises have been done away with. Your interest rate can go up if you are 60 days past due on your bill.

The fine print must be made clearer, a kind of 'truth in lending' clause telling you how long it will take to pay off the credit card if only the minimum payment is made. This allows consumers to see on paper the cost of using their credit cards. Issuers must send bill 21 days before due date and card issuers will have to provide information on consumer credit counseling and debt management services.

There are also no more over the limit fees - I bet this has the card issuers cringing and rightly so. I'm not a fan of credit, but there have to be consequences for breaking the rules or more rules will be broken - right?

Anyone under 21 must have signature of parent or someone else who will be responsible for debt. (Okay, huh? Really bad idea - let's show them how to start their lives off in debt and burden their parents as well?)

So how will credit card companies offset some of the money they will lose as a result of the new rules? Well the annual fee to have a credit card will make a comeback and fewer promotional rates and reward programs will be offered. I'm sure we will see other changes as well before this law takes affect next February. Cash is still King in my book!

Do you have a friend, coworker or

family member that could benefit from

Financial Coaching?

Contact Dorethia:
info@connercoaching.com or 800.962.2491

Financial Coaching Available Nationwide!

Give a gift that could change a life...

Financial Coaching Gift Certificates Now Available!

http://www.dorethiaconner.com/