BROADCASTS.com

b'I encourage my listeners to write in with questions.\\xa0 My mission is to protect and educate and so I always offer free 15 minute consultations to discuss any financial questions you have.\\xa0 Often, people write in with questions, some complicated, some simple, so I decided to go through some of my favorites today.\\xa0 I urge you to write in at any time by going to onthemoneyradio.org and clicking on Contact. \\xa0(You\'re already halfway there!) \\xa0Ask us any financial question you may have and we will get back to you.\\xa0 That is my guarantee.

Let\\u2019s begin.

Here\\u2019s one I received just the other day, which I found to be quite interesting:

Financial Question:

A lot of women I talk to in their 50\\u2019s and 60\\u2019s these days are planning to live together when the time comes to really start cutting personal expenses - when we have to try to live on our often somewhat modest savings, investments and social security.

How does a financial advisor help women who don\\u2019t own a lot, have a lot in savings or otherwise have access to wealth beyond their week to week existence?

Financial Answer:

A Financial Advisor can come in very handy in your situation. Helping you to shape a reasonable budget while making sure its realistic and won\\u2019t contain any nasty surprises in the future.

He or she can help you look at the future and guide you on how to set up your estate in the most fair and tax efficient manner

They can help you look at your insurance and perhaps save you money by getting rid of un-needed policies or restructuring the ones you already have.

This is just the tip of the iceberg of arenas an experienced Financial Planner can help you with.

As with the hiring of any professional, do your homework until you find one that will work best for you and charges fees within your financial capabilities. However, don\\u2019t be penny-wise and pound-foolish. Price is what you pay\\u2026value is what you get.

You know, I often take time out of my schedule to answer complicated questions.\\xa0 But some can be fun.\\xa0 Even though the question might not fall EXACTLY into my area of expertise, I will still respond to the best of my ability.\\xa0 Here\\u2019s one I had a lot of fun with:

Financial Question:

Help on selling art as a first timer?

Hello,\\xa0 I\'m finishing up on an art piece, with the intention of selling copies; however I\'ve never sold my art before (I should also mention I\'m still in high school, and know little to nothing about selling/buying processes).

Are there set guidelines in selling/making a profit in the art field? How I should price my copies, physical (or digital?) - I don\'t want to embarrassingly undersell myself, moreover set a misguiding precedent in prices.

Any sites you recommend to provide the ordering/printing/shipping and handling process.

Financial Answer:

I have limited experience in the art market, but I would counsel you that when you are starting out, be less concerned about price and more concerned about getting into the market and finding a good mentor. Also, just meeting other artists will be extremely helpful. I\'m sure there are plenty of resources on-line and there are good sites which curate and sell art works. www.artsy.net and www.saatchiart.com are two that come to mind.

Good Luck and when you get your art on-line, send me the link, I\'d love to see it.

HIS RESPONSE:\\xa0 Hi Mr.Pomeranz,

My utmost thanks for replying!

I should mention that very fitting to this situation, I\'m currently taking a Business and Entrepreneurial course as one of my classes. Moreover, I also talked with my teacher about this, to which I got some helpful pointers (Breaking even with profit over production cost, establishing a precedent in price based on the amount of hours put in, etc.). However those things are leaning towards a market introduction, and as you said in your reply, focusing on finding a mentor should be my modus operandi. To which I raise a question of rookie curiosity...How impactful will a mentor be,'