LENOX RECOMMENDS - ARTICLES THAT CAUGHT OUR EYE MARCH 2019

LENOX RECOMMENDS - ARTICLES THAT CAUGHT OUR EYE MARCH 2019

LENOX RECOMMENDS

ARTICLES THAT CAUGHT OUR EYE MARCH 2019

 

EVERYDAY LIFE

10 Harmless Mind Tricks that make People Like You

Why are some people so likeable? And, why do you naturally feel a connection with another? Could be body language and how they sense you react to them.

 

 

WORK PLACE

7 Things that Make Great Bosses Unbelievable

Great bosses change us for the better. What are those characteristics and why do they make a difference?

 

 

TAXES

6 Red Flags that can Trigger a Tax Audit

Ever wonder what caused you to have your taxes audited and your neighbor never does? Here are some things that may be looked at more closely.

 

 

DID YOU KNOW?

6 Overlooked Home Upgrades that are Totally Worth It!

What makes a house incredibly comfortable, making you feel pampered? Not necessarily the jacuzzi! Can you guess?

 

 

RETIREMENT

The Big Difference between Retirement Planning and Financial Planning

Ever wonder why these 2 types of planning tend to be put in different boxes? Retirement Planning and Financial Planning are not the same things. Each plan looks at very distinct areas of your life.

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Get Busy Building Real Wealth.

Get Busy Building Real Wealth.

Get Busy Building Real Wealth.

5 steps that may help you attain the financial future you envision.

Yes, you can do it.  You can build real wealth.  Wealth building isn’t just for those born with money.  Wealth building can be for anyone who makes it a priority.  Here are 5 steps to help you build the wealth that can lead to the financial future you envision.

1.      Imagine a future even better than your past.

What would life look like if you had the career you desire, the income and lifestyle of your dreams?  This exercise isn’t a matter of daydreaming.  It’s about the simple premise that you have to “see” your future before you can plan for it.  Write down what you envision for a future even better than your past.  Keep your vision handy.  Stick it in your purse or wallet.  Refer to it regularly.

2.      No more procrastination.

Start today.  In fact, start this minute to make wealth building a priority.  Wealth creation will take a lot longer or perhaps never come to fruition if it’s always something you’re going to get around to after you buy this thing or go on that vacation or move to some other city.  Every day and every financial decision count when it comes to solidifying your financial future.

3.      Stop being your own worst enemy.

Block out every negative thought in your head that’s holding you back from wealth building.  For example, “I can’t give up the job I have or forego the security of a paycheck.”  Perhaps instead you should be focused on how to pursue your real strengths in life and find the career that will bring you both greater income and personal happiness.  Or, “I’ll never get my family to be more disciplined about spending and saving.”  We think you can if you work together to think about the rewards all of you can ultimately share.  Negativity gets you nowhere.  Think positive.  Stay positive.

4.      Establish a financial plan.

Get the expert advice of a financial advisor to help you create a financial plan that’s “real” for you and your family.  Start with small steps.  A few, easy changes initially in financial behavior can make a big impact not only on your bottom line but also on motivating you and your loved ones to take additional steps to building wealth.

5.      Have the guts to stick to your plan.

The goal of your financial plan is not to deprive you or your family of happiness or to be so frugal that it becomes a source of ongoing contention.  The goal is to create a plan that allows you to stick to it and still enjoy life.  Your role is to have the guts to stay true to the plan.  If that means postponing making a major purchase or buying a bigger home, or putting off that big vacation for a while, then have the discipline to do so.  If you’re feeling tempted to stray from your plan, first sit down and figure out the impact of your actions on the long-term success of your financial plan, and let that determine whether or not you proceed.  Or, consult with your financial advisor who should always be willing to help guide you in such decision making.

At Lenox, we believe that wealth building is for anyone and everyone who commits to it.  And we’re here to help you discover your own, best personal path to create the wealth and the better tomorrow you envision.

Let us help you Fund A Life You Love®.  We live it and want our clients to experience it as well.

If you’re ready to discuss financial planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow.

Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit Contact Us to Fund a Life You Love.

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Lenox Book of the Month: Known by Mark Schaefer

Lenox Book of the Month: Known by Mark Schaefer

Lenox Book of the Month: Known by Mark Schaefer

Can anybody become known? There is a distinct advantage to becoming known in your field. KNOWN is the first book to look at this, and helps provide a way to be successfully the digital age.

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Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

THERE ARE 3 MONEY MINDS®.  WHICH ARE YOU? PROTECTION.

THERE ARE 3 MONEY MINDS®. WHICH ARE YOU? PROTECTION.

THERE ARE 3 MONEY MINDS®.  WHICH ARE YOU?

Are you like Kate?  She’s a PROTECTION Money Mind.

It’s a fact.  All of us have a Money Mind®.  Our Money Mind is determined by how we think and feel about money which, in turn, affects every financial decision we make in both our personal and work life. There’s no getting around these inherent and dominant feelings we hold inside.  Instead, it’s important to understand and acknowledge them.

 

Which Money Mind® are you?

There are three distinct Money Minds –– Happiness, Commitment and Protection.  Which are you?  It’s time to find out.

If you haven’t already done so, click below for our MONEY MIND® Analyzer –- the quick online exercise that helps you take control of your financial future.

Simply answer a few quick questions, and our Money Mind® Analyzer tells you what your primary influence in life is and, thus, your dominant Money Mind.  In just minutes, you’ll gain insights you can use for a lifetime. 

 

Kate took the Money Mind® Analyzer.  She’s a “Protection” Money Mind.

Check out the report Kate received.  Think of all the ways she can use this information to establish a financial plan, make financial decisions, set up a budget, understand her priorities about spending, saving and risk taking, and to better align her financial attitudes with her spouse, family and business associates. 

 

The innovative Money Mind® Analyzer is one of many powerful tools that we bring you as part of our Financial Life (Fin Life) experience.  We believe that knowledge and self-understanding are some of the best ways to help you build and manage wealth for a lifetime.

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from understanding your attitudes about money, to wealth creation, wealth building, wealth management, career planning and coaching, funds for education, retirement planning, working through financial hurdles, and more.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or Contact Us to Fund a Life You Love.

Kate is a made up representative client and does not represent any specific Lenox clients.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

 

Lenox Non-Profit of the Month: First Step Home

Lenox Non-Profit of the Month: First Step Home

Lenox Non-Profit of the Month: First Step Home

VISION

First Step Home is the premier substance use disorder treatment agency for women while they live together with their children.

MISSION

To help women break the cycle of addictions and abuse so that they can become self-sufficient and provide a safe, nurturing environment for their children

FIRST STEP HOME FACTS

  • Founded in 1993, First Step Home is the premier addiction center for women in Greater Cincinnati. 

  • We are the first treatment center in the region to allow women to live together with their children, up to the age of twelve, as they recover from their substance use disorder.

  • First Step Home has 11 buildings, including a 24/7 Residential Treatment Center and eleven buildings surrounding the main treatment facility, all within a three-block radius.

  • Lastyear First Step Home nearly 400 women entered treatment at First Step Home. Approximately 50% of those women were pregnant and opiate addicted.    

  • Our agency treats up to 400 women per year and provides clients with access to mental health care, primary care, prenatal care, medication-assisted treatment services (MAT), case management services, on-site child care for those in Residential Treatment, transitional housing services and trauma-informed group and individual therapy.

  • The organization now has about 45 people on staff and serves up to 400 women in eleven buildings in a campus-like setting close to the main treatment facility.

  • Recently, 14 of our 16 women in residential treatment are pregnant and addicted. Meanwhile, taking opioid medications early in pregnancy can cause birth defects and serious problems for the infant and the mother. (CDC)

  • About 18 women die every day of a prescription painkiller overdose in America. (CDC, 2018) 90% of the women we serve are opioid addicted. 

The most effective ways to treat drug use disorders include:

  • Promotion –offering entire continuum of behavioral health services to addicted women

  • Prevention – delivered to prior to disorder appearance to prevent drug misuse and abuse especially in school aged children

  • Treatment – for women diagnosed with substance use disorder

  • Recovery – support individuals ability to live productive lives and help with long term abstinence and recuperation.

  

MATERNAL ADDICTIONS PROGRAM

The Maternal Addiction Program is a curriculum-based program that addresses the holistic and treatment needs of pregnant women. These needs include medical care, mental health care, individual and group treatment for their addictions, medicated assisted treatment, and advanced skills development around mothering, nutrition and regaining their sense of worth. All of these services will be directed towards opiate-addicted women as this particular class of women has seen a dramatic increase in the number of pregnancies at induction. The Maternal Addiction Program has the potential to save the county and the state tens of millions of dollars in reduced medical costs for babies born to addicted women that have to be placed in neonatal intensive care unit for extended periods of time.

 

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Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Your Adult Kids vs. Your Retirement

Your Adult Kids vs. Your Retirement

Your Adult Kids vs. Your Retirement

An All-Too-Common Dilemma in Family Finances

Should you help your adult kids financially or feed your own retirement?

It might feel great to help your adult kids financially, but at what risk to your retirement or peace of mind in later years?  It’s a dilemma many families face.  One that can affect the parents’ financial security as well as the parent/child relationship.

Temporary Help vs. Long-Term Support

While most parents are willing to help their adult kids in the event of an emergency (injury, illness, job loss), it can become financially devastating for parents to provide ongoing financial support for months or years. An example might be continued credit card debt, or lack of interest by the adult child in seeking a job and, thus, becoming increasingly dependent on his/her parents.

The Risk to Your Retirement

Are you already helping your adult kids financially?  If so, how is it affecting your retirement plan?  Have you made the proper adjustments in terms of monies you will be able to set aside by retirement age, or will you be working longer than planned to recoup funds?  If not planning to work longer, have you adjusted your desired retirement lifestyle to reflect the lower-than-expected net worth?  Worse yet, are you already retired and withdrawing monies from your fixed retirement savings to help fund adult kids?

The Risk to Your Relationship

If you feel that your adult kids are doing everything they can to work through their financial challenges, then helping them can be easier to accept.  However, if you feel they are not giving it 100% and you’re being taken advantage of, then it’s time to reassess the situation before lasting harm is done to your relationship.   

5 Suggestions for Families to Follow

1.    Set ground rules upfront.

If possible, before any money is offered, have a conversation about expectations and set rules in advance in terms of the maximum amount, timeline of support and payback terms.

2.    Determine if the financial assistance will be a gift or a loan.

If you choose to consider your financial support a gift, then it might be best not to attach restrictions to it or use it as a means to manipulate your adult kids.  Instead, make it free and clear, no strings attached.  On the other hand, if you decide to make your financial support a loan to your child, then formalize the agreement with an official document signed by all parties.

3.    Look at the long-term ramifications.

If handing out large amounts of money to grown kids jeopardizes your retirement plans or causes you to be dependent on your kids in later life, no one will be happy.  Play out the ramifications in an honest and open discussion as a family to put the various outcomes into perspective.  Envisioning future results of a current action can lead to better decisions in the present.

4.    Ask the advice and guidance of a fiduciary financial advisor.

Do not leave it to chance how financial assistance to adult kids will affect your retirement and your family’s future.  There are too many unknowns that can occur.  For instance, if the assistance is a loan, what happens if your child fails to repay?  What if the child you’re helping continues to ask for more money beyond the initial amount?  If you have more than one child, will you be able to give each of them the same level of financial assistance, if needed?  What is the role of your child’s spouse?  A financial advisor can help you set up an account that puts strict parameters around funds available which, in turn, helps to protect your retirement savings.

5.    Let your financial advisor help take the emotion out of family finances.

Lending money to an adult child can feel like tough love made even tougher because you’re dealing with another adult, no longer your young child.  Allowing your financial advisor to serve as an intermediary can help to minimize the emotion inherent to any family finance situation.

 

At Lenox, we work closely with families to guide you through the twists and turns of life from both a financial and a day-to-day living perspective.  Things happen.  We understand.  We have families of our own.  You can trust us to align life planning, retirement planning and personal financial planning to help you attain what matters most to you and your family in the here and now and for the future. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1 hour review.  Call 513.618.7080 or Contact Us to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

THERE ARE 3 MONEY MINDS®.  WHICH ARE YOU? COMMITMENT.

THERE ARE 3 MONEY MINDS®. WHICH ARE YOU? COMMITMENT.

THERE ARE 3 MONEY MINDS®.  WHICH ARE YOU?

Are you like Tom?  He’s a COMMITMENT Money Mind.

It’s a fact.  All of us have a Money Mind®.  Our Money Mind is determined by how we think and feel about money which, in turn, affects every financial decision we make in both our personal and work life. There’s no getting around these inherent and dominant feelings we hold inside.  Instead, it’s important to understand and acknowledge them.

 

Which Money Mind® are you?

There are three distinct Money Minds –– Happiness, Commitment and Protection.  Which are you?  It’s time to find out.

If you haven’t already done so, click below for our MONEY MIND® Analyzer –- the quick online exercise that helps you take control of your financial future.

Simply answer a few quick questions, and our Money Mind® Analyzer tells you what your primary influence in life is and, thus, your dominant Money Mind.  In just minutes, you’ll gain insights you can use for a lifetime. 

 

Tom took the Money Mind® Analyzer.  He’s a “Commitment” Money Mind.

Check out the report Tom received.  Think of all the ways he can use this information to establish a financial plan, make financial decisions, set up a budget, understand his priorities about spending, saving and risk taking, and to better align his financial attitudes with his spouse, family and business associates. 

 

The innovative Money Mind® Analyzer is one of many powerful tools that we bring you as part of our Financial Life (Fin Life) experience.  We believe that knowledge and self-understanding are some of the best ways to help you build and manage wealth for a lifetime.

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from understanding your attitudes about money, to wealth creation, wealth building, wealth management, career planning and coaching, funds for education, retirement planning, working through financial hurdles, and more.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or Contact Us to Fund a Life You Love.

Mike  is a made up representative client and does not represent any specific Lenox clients.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

 

LENOX RECOMMENDS -  ARTICLES THAT CAUGHT OUR EYE JANUARY 2019

LENOX RECOMMENDS - ARTICLES THAT CAUGHT OUR EYE JANUARY 2019

LENOX RECOMMENDS

ARTICLES THAT CAUGHT OUR EYE JANUARY 2019

 

EVERYDAY LIFE

Stop Wishing for the Life You Want

What is the difference between a “wish” and a “desire”? And do they MAKE a difference? See what you think….

 

 

WORK PLACE

6 Reasons to be Optimistic about the Future of Work

When we look at jobs of the future, we know they will be there, but what will they look like? How can I make sure I am prepared? The answer may be retraining. Keep learning- it will open up opportunities for you.

 

 

PRODUCTIVITY

8 Things You Can Learn in 10 Minutes that will 10x Your Productivity

A list of items, that when focused on, can ramp up your productivity. Something we can all use a little help with!

 

 

DID YOU KNOW?

The Five Best Podcasts to Get Your Day off to a Great Start

Each day, there are a few things that we want to make sure we touch on. What is the best way to get it accomplished?. Here are a few suggestions.

 

 

RETIREMENT

Basic Rules of Thumb for a Happy Retirement

10 things to think about as we head into our retirement years. What will keep us happy? And calm.

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

THERE ARE 3 MONEY MINDS®.  WHICH ARE YOU? HAPPINESS.

THERE ARE 3 MONEY MINDS®. WHICH ARE YOU? HAPPINESS.

THERE ARE 3 MONEY MINDS®.  WHICH ARE YOU?

Are you like Mike?  He’s a HAPPINESS Money Mind.

It’s a fact.  All of us have a Money Mind®.  Our Money Mind is determined by how we think and feel about money which, in turn, affects every financial decision we make in both our personal and work life. There’s no getting around these inherent and dominant feelings we hold inside.  Instead, it’s important to understand and acknowledge them.

 

Which Money Mind® are you?

There are three distinct Money Minds –– Happiness, Commitment and Protection.  Which are you?  It’s time to find out.

If you haven’t already done so, click here for our MONEY MIND® Analyzer –- the quick online exercise that helps you take control of your financial future.

Simply answer a few quick questions, and our Money Mind® Analyzer tells you what your primary influence in life is and, thus, your dominant Money Mind.  In just minutes, you’ll gain insights you can use for a lifetime. 

 

Mike took the Money Mind® Analyzer.  He’s a “Happiness” Money Mind.

Check out the report Mike received.  Think of all the ways he can use this information to establish a financial plan, make financial decisions, set up a budget, understand his priorities about spending, saving and risk taking, and to better align his financial attitudes with his spouse, family and business associates. 

 

The innovative Money Mind® Analyzer is one of many powerful tools that we bring you as part of our Financial Life (Fin Life) experience.  We believe that knowledge and self-understanding are some of the best ways to help you build and manage wealth for a lifetime.

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from understanding your attitudes about money, to wealth creation, wealth building, wealth management, career planning and coaching, funds for education, retirement planning, working through financial hurdles, and more.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or Contact Us to Fund a Life You Love.

Mike  is a made up representative client and does not represent any specific Lenox clients.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

 

Choosing A Financial Advisor?

Choosing A Financial Advisor?

Choosing A Financial Advisor?

5 questions to ask before making your selection

 

Evaluating and selecting a financial advisor is a big decision.  You’re trusting someone to help you build, manage and hold onto your wealth and guide you in decisions that can affect you and your family for a lifetime.  He or she will likely know your financial situation better than anyone else in your life. Choosing the right person may not guarantee your financial success, but you need to know they are always looking out for your best interests.

 

Here are 5 must-ask questions to pose when choosing a financial advisor.

 

1.       Are you a fiduciary financial advisor?

Being a fiduciary financial advisor means they are legally mandated to put the interest of their clients first and foremost.  By comparison, a non-fiduciary advisor may be incentivized to offer you proprietary products that may favor his or her firm’s financial interests ahead of yours.

 

2.       How would you describe your typical client?

The goal is to get a sense for how important you will be to the advisor.  Ask the average account size and age/income level of his or her client base.  Inquire as to their philosophy in working with clients who are most analogous to where you are in life today and your goals for the future.  Keep looking until you find a financial advisor with whom you feel comfortable.  It’s fine to take recommendations from friends or family, but don’t hesitate to go with your gut instincts.

 

3.       What services do you offer?

What services will be available to you over the course of your relationship?  In addition to asset wealth management, do they offer wealth building strategies and guidance?  How about career advice and untapping your inner potential for greatest wealth building and happiness?  What should you expect in terms of the technology interface between you and the advisor? How many times per year will you meet with the advisor?  Who’s the team behind the advisor who can promptly handle any day-to-day needs?

 

4.       Who will serve as custodian for my assets?

Ask who will be able to move money in and out of your account(s)?  How will your accounts be titled?  What level of liability does the advisor’s firm have?  How do they monitor their employees’ conduct? 

 

5.       What licenses and accreditations do you hold?

Does the financial advisor hold a Certified Financial Planner (CFP) accreditation?  What other credentials?  What is his or her education and financial industry background?  What is the financial training of staff members in the firm?

Bottom line, be rigorous in choosing a financial advisor.  Think of yourself as the CEO of your family affairs who is making an important high-level decision.

If an advisor can’t give straightforward and credible answers to your tough and direct questions, then they don’t have the right stuff for the job. 

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from understanding your attitudes about money, to wealth creation, wealth building, wealth management, career planning and coaching, funds for education, retirement planning, working through financial hurdles, and more.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

 

Lenox Book of the Month: Leader Shift by John Maxwell

Lenox Book of the Month: Leader Shift by John Maxwell

Lenox Book of the Month

Leader Shift by John Maxwell

Change is fast today. So fast, in fact, that leaders must be nimble and ready to adapt. Or, they won’t survive. The key is to learn how to leadershift.

In Leadershift, John C. Maxwell shares the eleven shifts he made over the course of his leadership career. Each shift changed his focus and set him up for new and exciting achievements, ultimately strengthening and sustaining his leadership abilities and making him the admired leadership expert he is today.

Each one requires them to change the way they think, act, and ultimately lead so they can be successful in a world that never remains the same.

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What’s your gut feeling about money?

What’s your gut feeling about money?

What’s your gut feeling about money?

See what the MONEY MIND® Analyzer reveals about you.

Ever find yourself on opposite ends of the spectrum with your spouse when it comes to spending money?  Do you and a business associate agree on most things but constantly butt heads about investing in new equipment or taking on extra debt?  Are you a saver, while your friends are always ready to splurge on clothes, dinners out and travel?

These gut feelings you have about money are part of who you are.  They affect every part of your financial life –– the financial decisions you make in both your personal and work life, the financial relationships you have with colleagues, and the long-term financial security you want for yourself and your family.

 

The MONEY MIND® Analyzer reveal powerful information useful for a lifetime.

The Money Mind® Analyzer is an easy-to-use online tool that shows not only the inherent and dominant attitudes you have about money, but also those of your spouse, other family members, or business associates.  It helps you identify and understand your dominant Money Mind® to make better, more informed decisions in the future.  In just minutes, you’ll gain insights you can use for a lifetime. 

Money Mind® is both engaging and enlightening.  Among the questions asked are...

•  What are your priorities for spending, saving, planning, risk-taking and timing? 

•  Do you view money as a means to protect yourself...care for loved ones... or enjoy life?

•  Are money matters for the most part a constant source of tension between you and loved ones or business associates?

The quickly-compiled answers will help you discover what money means to you and how to use this knowledge to your advantage now and for years to come.  At Lenox, we are excited to bring you the innovative Money Mind® Analyzer –– just one of the many powerful tools that are part of our Financial Life (Fin Life) experience.

 

It’s your turn.  Take the Money Mind® Analyzer, and see what you’ll learn about you.

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from understanding your attitudes about money, to wealth creation, wealth building, wealth management, career planning and coaching, funds for education, retirement planning, working through financial hurdles, and more.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

January 2019 Outlook on Procter and Gamble Co. (P&G)

January 2019 Outlook on Procter and Gamble Co. (P&G)

January 2019 Outlook on Procter and Gamble Co. (P&G)

Current P&G Stock Outlook:

  • In response to Procter & Gamble’s (P&G) quarterly earnings announcement, which beat Wall Street estimates on both the top and bottom lines, the stock proceeded to jump by $4/share from $90.44 to $94.84.

  • We are increasing our 12-month price target from $94/share to $98/share. In our prior quarterly outlook, we indicated an additional 12-month price target increase would be warranted if P&G again surpassed Wall Street earnings estimates. The second quarter results provided further signs of a longer-term turnaround.

  • Investors reacted favorably to the quarter, and shows the stock is benefitting from exceeding expectations in back-to-back quarters. The stock could benefit further from ongoing collaboration between Nelson Peltz and David Taylor, corporate and staff headcount reductions, organizational changes, a trade agreement being struck by the US and China, the Federal Reserve minimizing future rate increases, and expected improvement in analyst stock reports.

  • Wall Street analysts, who forecasted a price target of $88.42/share last quarter, have increased their average 12-month price target by nearly $6 to $94.21/share. This marks two consecutive quarters where the average analyst price has risen considerably. Analyst forecasts now range between $80/share and $108/share, still indicating some disagreement between “the experts” on the company’s outlook and valuation.

Highlights of P&G’s Quarterly Results:

  • Second quarter Fiscal Year (FY) 2019 produced revenue of $17.44 billion, exceeding Wall Street expectations of $17.15 billion.

  • P&G produced total organic sales growth of 4%, driven by a 2% lift in volume growth.

  • First quarter Core EPS rose 5% over the same period last year to $1.25, exceeding analyst estimates of $1.21 per share.

  • Organic Sales increased in four of five business units, and eight of 10 categories. The company had organic sales growth in all 15 of their top markets, most notable was China with an impressive 15% organic sales growth.

  • Beauty had an 8% increase versus the year ago period. Beauty continues to benefit from strong growth in their premium brands.

  • Fabric & Home Care, P&G’s largest business unit, grew organic sales by 6% compared to the same quarter last year.

  • After Grooming’s organic sales grew by 4% in the first quarter, Grooming’s organic sales posted a 3% decrease in the second quarter due to a combination of lower volume, lower price, and heighten competitive activity.

  • Baby, Feminine and Family Care increased organic sales growth by 3% versus the year ago quarter.

Fiscal Year 2019 Guidance:

  • The company increased the upper range of its guidance by 1%. The revised guidance now estimates FY 2019 organic sales growth ranging between 2% and 4%.

  • P&G also increased the range for FY 2019 all-in sales growth from to -1% to 1%. They maintained the foreign currency headwinds of -3% to -4%.

  • They reiterated FY 2019 guidance for Core EPS growth of 3% to 8%. From our perspective, this is a very broad range and reflects a combination of management’s conservatism and uncertainty in the current environment. Jon specifically highlighted concerns with trade policy, Brexit, and France’s low business confidence.

  • For FY 2019, the company expects to pay over $7 billion of dividends and repurchase up to $5 billion of common shares.

  • As pointed out last quarter, we anticipate there may be a significant increase in after-tax cash flow due to corporate tax reform. The company has not identified the tax savings in the forecast, or how they will redirect the proceeds to increase shareholder value. In our opinion, we believe this is an opportunity for Jon Moeller, CFO, to provide increased transparency and build credibility with both institutional and retail shareholders who would like clarity on this part of his forecast guidance.

Understanding our $98 Price Target:

Nelson Peltz and Trian Partners will bring Shareholder Point of View to the Board and Management

  • Nelson and Trian have a strong track record of adding value for shareholders and holding management accountable

  • We believe Trian has the potential to bring an additional $30 per share in value to the price of the stock over the next three to four years. An argument can be made they have already added $15.

 

Organization Structure Changes

  • The company, primarily driven by Nelson Peltz, is focusing on more accountability. These changes include shifting 60% of corporate overhead and reporting lines to the direct business units and opening the hiring process for more external candidates.

 

Continued Cost Cutting

  • P&G continues to extract another $10 billion in costs, focused on reducing overhead, lowering material costs, and increasing manufacturing and marketing productivity. It is not clear how much of this cost savings will drop to the bottom line, given increased transportation costs, rising raw material costs, unfavorable mix, lower pricing, and volatile foreign exchange.

 

Macroeconomic, Political, and Competitive Risks

  • P&G notes increased volatility and continues to identify several key risks that they have not taken into consideration in their guidance: Trade negotiations, significant strengthening of the US dollar, further rising commodity prices, continued political and economic volatility (Brexit, French business confidence), significant deceleration of market growth rates, and increased competition on higher margin products.

The above material is not investment advice and should not be relied upon by any person in making financial investment decisions. The price of P&G shares may go down in value and at no time reach the above listed Lenox price target. Any persons reading these materials should not take any actions without first contacting their investment and tax advisor.

Past Performance is not indicative of future results.

 

This newsletter is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox Wealth adviser if you would like additional information.

 

Source: P&G Earnings Release 01/23/2019.

Lenox Non-Profit of the Month: Sweet Cheeks Diaper Bank

Lenox Non-Profit of the Month: Sweet Cheeks Diaper Bank

The facts are staggering. Every day, 1 in 3 families in America struggle to afford diapers for their children. Diaper need is the lack of a sufficient supply of diapers to keep a baby clean, dry and healthy, and it’s a reality in our city. There are over 16,000 diaper-wearing children in the Greater Cincinnati area experiencing diaper need each month. For this reason, Sweet Cheeks Diaper Bank was started, the only diaper bank serving the entire Greater Cincinnati area, to fill the diaper need gap in our community. By assisting during what can be one of the most challenging times in a parent’s life, they’re working to build a strong community for the future.

In 2 1/2 years they have grown exponentially, and each month they distribute over 90,000 diapers and pull ups to nearly 2,000 children in Greater Cincinnati. In August of 2018 they distributed their 1 millionth diaper into the community. They rely on their amazing volunteers to complete hundreds of hours of service in their OTR warehouse, wrapping diapers for distribution and filling orders for their partner agencies. Because of the dedication and support of our community, they will distribute 1 million diapers in 2019 alone. To learn more about how you can donate your time, talents, and treasure to Sweet Cheeks Diaper Bank, visit them at sweetcheeksdiaperbanks.org

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LENOX Recommends - Articles That Caught Our Eye in January 2019

LENOX Recommends - Articles That Caught Our Eye in January 2019

LENOX Recommends

Articles That Caught Our Eye in January 2019

Everyday Life

How to get inspired again when you become bored or complacent

So, it is the same old, same old everyday. How best to mix it up and get excited about life again.

Time Management

How Warren Buffett, Bill Gates and Successful CEOs Regain Control Over Their Time

Blocking time for meetings is important, but blocking time for “nothing” may be even more important!

Money

20 Pro Tips and Resources to Always Find the Cheapest Airfare

Great thoughts on how to get there faster!

Did You Know?

The 25 Most Desirable Places to Live in the U.S. in 2018

Sit back and think…. where would be your favorite place to live if you could? Did it make the list?

Trust

Want People to Think You're Smart and Trustworthy Within Seconds of Meeting You? Science Says Do This

All it takes is a few small things to change people’s perception of you.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

How to Get Unstuck in Your Career, Finances, Future

How to Get Unstuck in Your Career, Finances, Future

How to Get Unstuck in Your Career, Finances, Future

Moving beyond “what is” to “what could be”

Any of these scenarios sound familiar?

  • You have a coveted career in a leading company... and you’re miserable.

  • Things will turn around soon with your finances, if you just wait them out.

  • You feel pressure to follow a parent’s footsteps, but dread doing so.

  • If you just work a little harder, that promotion will come your way,

  • The job you couldn’t wait to land is not panning out... now what?

 

If you’re feeling stuck in your career, finances and future, you’re not alone.  What’s important is that you admit feeling stuck and do something about it.  Staying stuck does little for your happiness, family life, health, or your ability to build financial wealth.

How can you make real change? When do you quit talking about what you need to do and start doing it?

That time is now.

At Lenox, we have several energizing and eye-opening exercises we take you through to help you get unstuck:

  • Looking out 1-3  years to envision your best life and working back from that

  • Discovering your inherent talents (gifts) to determine what brings you happiness

  • Guiding you to career paths that let you build wealth doing what you love

  • Setting up 90-day plans to implement what you learn about yourself

  • Establishing the mindset that will help you gain confidence to get unstuck

  • Tapping into your skills, knowledge, experience and relationships to create and sustain your future success

 

Give it a try.  Watch as your health, income, happiness, self-confidence, relationships, and energy level improve. See how excited you are to get up each day to tackle what’s next, because you’re doing what you love to do.

All you need to get started is to believe you can get unstuck. We believe you can.  Let’s do this together.

 

At Lenox, we work with individuals and families to help guide them in every aspect of their financial life –– from generational financial planning, to setting financial priorities, eliminating debt, establishing budgets, education funding, career planning and coaching, retirement planning, and working through financial hurdles –– the entire realm of wealth creation, wealth building, and wealth management.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE®.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or Contact Us to Fund a Life You Love.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Make 2019 Your Stretch Year

Make 2019 Your Stretch Year

Make 2019 Your Stretch Year

Stretch your goals, skills, ambition... your life.

Close your eyes and follow along here for a minute.  It’s a new year. Where does your mind go when you think about that? 

Perhaps you’ve made a resolution or two.  You might be considering a new hobby, making a few changes around the house, taking a trip here or there. Or, maybe you’re settling in with “same old” syndrome, constrained by your own thinking that for whatever reasons your new year will look much like past years.

What if, instead, you were to start out with a blank canvas?  No excuses.  No self-imposed limitations.  Nothing holding you back but yourself.

 

What if you were to make this your stretch year? 

Here’s how it works.  In every aspect of life, stretch yourself a little further each day.  Your career.  Family time.  Personal health.  Home projects you want to tackle and complete.  Hobbies.  Friendships.  Diet.  Exercise.  Do something –- a bit more every day, no matter how small –– and see how differently the new year might unfold.

The expectation is not overnight miracles.  It’s that you gradually change your mindset from “I can’t” and “It’s not worth the time or energy” to “I can be better or do better than this”.

In his book, Can’t Hurt Me, David Goggins, the only man in history to complete elite training as a Navy SEAL, Army Ranger, and Air Force Tactical Air Controller (and whose early years were ruled by poverty, prejudice and physical abuse) writes about looking into what he calls his Accountability Mirror.  “Tell yourself the truth!  That you’ve wasted enough time, and that you have other dreams that will take courage to realize...” “Tell the truth about the real reasons for your limitations and you will turn that negativity, which is real, into jet fuel.... There is no more time to waste.  Hours and days evaporate like creeks in the desert.”

That means starting now... today... to stretch yourself to see where it can take you.  The sheer fact that you’re trying puts you ahead of the crowd. 

At Lenox, we’re here to help you get beyond feeling stuck in your career, personal skills development and in achieving your financial aspirations.  Our individual and family coaching services are one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

What’s Impacting Your Retirement Plans in 2019?

What’s Impacting Your Retirement Plans in 2019?

What’s Impacting Your Retirement Plans in 2019?

Uncertain times are the right time to revisit your plan.

Thinking about retiring soon?  Good for you.  However, before you decide to finally cut the cord from your career, take inventory that all factors you need for a comfortable retirement are still lining up as planned. Recent market volatility, fluctuating interest rates, changes in social security and to 401k contributions can impact your retirement picture.  If you haven’t looked closely at your retirement plan in light of these ramifications, now’s the time to do so.

 

7 questions to ask yourself as you revisit your retirement plan.

 

1. Do you know your current net worth?

It may have changed significantly since you last checked. What do you own?  What do you owe? When was the last time you made a full listing of your liquid and non-liquid assets?  Same for your liabilities.  Calculating your net worth is critical not only for knowing what you have currently, but also to plan for future living expenses, tax payments on retirement account withdrawals, investment allocations, etc. –– all part of retirement planning.

 

2. Do you know how much money you will need monthly to live the retirement lifestyle you desire?

This too may have changed from what you once envisioned. Traditional formulas based   on a percentage of your highest year’s income may not work anymore.  For one thing, people are living a longer, so your income stream may need to last over a longer period of time.  Also, today’s retirees are more active than past generations. Many retirees have very busy lives –- traveling, taking up hobbies, going to classes, eating out frequently, renovating or redecorating their home –– all of which cost money.  Make a list of all the things you see yourself doing in retirement and assign real numbers to each.  Even if you never get around to doing all of them, you’ll have peace of mind in knowing that you’ve budgeted for them.

 

3. Do you have an emergency fund?

The unexpected can occur.  Be prepared by having a separate savings for emergencies only.  The amount to have in your fund will vary by your lifestyle, family and other responsibilities, insurance coverage, etc.  Whatever your case might be, set up an emergency fund and set it aside.

 

4. Have you minimized your debt?

Try not to enter retirement while still carrying any significant debt.  Talk to your financial advisor about what amount of debt, if any, is suitable for your situation and what could be a worrisome burden, especially during market downturns or when confronted with other unforeseen circumstances.  It’s easy to get lulled into thinking that you can always go back to work if you need some extra money.  While that may be true for some people, health issues and other situations can alter such plans for others.

 

5. What are your plans for long-term care?

One of the least fun things to think about, this is also one of the most important.  Who will take care of you when you no longer can care for yourself?  Do you want to stay in your home or move to a care facility?  Is your family aware of your desires? Do you have family nearby, or will you need to rely entirely on non-family caregivers? Above all else, do you know the cost of long-term care and your options for long-term-care insurance coverage?  Talk to experts sooner rather than later, and make decisions while you have control over them and, if possible, before you retire.

 

6. Are you aware of changes coming to Social Security in 2019, increases in contribution limits to 401(k), etc.?

The government is rolling out some important changes in 2019.  Ask your financial advisor how they will impact your personal retirement strategy and timing. 

 

7. What changes have occurred in your personal life that might impact your retirement plans?

Divorce, remarriage, loss of a spouse, the addition of grandchildren and your help in funding their education through 529 Plans or other investment vehicles, the sale or purchase of a home, assisting family members in need of financial help, etc.–– all of these can have ramifications on your retirement nest egg.  It is important to share such issues with your financial advisor.

 

Bottom line, whether you’re hoping to retire this year or in the next few years, take the time to closely revisit your retirement plan to make sure it still works for you, your family, your dreams, and your peace of mind. 

 

At Lenox, we work with families to help guide them in every aspect of their financial life –– from education funding, to generational planning and finances, to setting financial priorities, to eliminating debt, establishing budgets, career planning and coaching, retirement planning, and working through financial hurdles –– the entire realm of wealth creation, wealth building, and wealth management.  In every instance, we start with you, not your portfolio to help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

LENOX Book of the Month: Walt Disney: An American Original by Bob Thomas

LENOX Book of the Month

Walt Disney: An American Original by Bob Thomas

As we look at some of the iconic companies in the U.S. or around the globe, we assume that the companies or the founders of the companies have always been successful. But, as you will see as in the case of Walt Disney, that is not true. Everyone has to start somewhere and to experience the school of hard knocks. For Walt, this was a whole new industry and he was a pioneer.

Walt’s lesson?

When you wish upon a star
Makes no difference who you are
Anything your heart desires will come to you

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YOUR HABITS IN THE NEW YEAR

YOUR HABITS IN THE NEW YEAR

YOUR HABITS IN THE NEW YEAR

Show them who’s in charge.


Each of us has our habits.  We talk about them, good or bad, and how they influence us.  How will yours affect you in the new year?  The following excerpt from Habits Die Hard by Mac Anderson and John J. Murphy reminds us that it is up to us to take charge.


An excerpt from Habits Die Hard by Mac Anderson & John J. Murphy

I am your constant companion.
I am your greatest asset or heaviest burden.
I will push you up to success or down to disappointment.
I am at your command.
Half the things you do might just as well be turned over to me.
For I can do them quickly, correctly, and profitably.
I am easily managed; just be firm with me.
Those who are great, I have made great.
Those who are failures, I have made failures.
I am not a machine, though I work with the precision of a
machine and the intelligence of a person.
You can run me for profit, or you can run me for ruin.
Show me how you want it done. Educate me. Train me.
Lead me. Reward me.
And I will then…do it automatically.
I am your servant.
Who am I?
I am a habit.