Since my dad died, I have noticed that I have to be very careful with people who work as bankers, attorneys, brokers, and in real estate. It's so important when you are settling an estate that you make careful notes, know how much money you are transferring into your accounts, and that you are aware of what you are doing.
My mother let my father handle all of the finances. She liked to spend money, but she knew nothing about their investments, how their stocks were doing, or what their net worth was. Her VW Beetle wasn't even in her name. I once saw a Suze Orman show about how important it is for women to have their own money, a savings account in their name, etc. but she wasn't interested. She let my dad handle everything.
Women like this can be targets for scams, hidden fees, poor investments, and lies. It's so important to read up on the areas that are new to you. I study articles on investing at Yahoo Finance. My father recommended the website to me, and it's an excellent resource.
You can negotiate what you want. Closing a cash sale on land should be cheaper than one that requires a loan. You can make an offer that's affordable to you, and not go any further if what they want seems too expensive. Maybe the seller will pay the closing costs. It doesn't hurt to ask.
Today one of the managers at my credit union tried to talk me into keeping more money there than I had planned. I had done extensive research on how much the FDIC insures, and had made plans to put some of the money from a home sale in a separate account at a different bank. She tried to tell me that it didn't matter, since I had beneficiaries. She and the woman working there made three attempts to keep my money at their institution. It was shocking. "This is not her decision," I told the teller. I got my cashier's checks, but I had to stand my ground and insist. They acted like it was theirs. People in those fields can get very possessive with cash.
We have to be very careful right now and steer clear of people who take advantage of seniors, women, or others that they see as unsuspecting. Forewarned is forearmed. I see so many older women hire people to invest their money for them. It can all be lost so quickly. I manage my own funds, and check them daily. It's not hard. How about you?
Thank you for your comments. They add so much talent and energy to the blog. Please comment in English. I'm sorry, but comments with links will not be published. If you enjoy the posts here, please share them. Comments may take a few days to appear; they are moderated.