www.DesertHealthNews.com November/December 2025 Financial Health The Valley's Leading Resource for Health and Wellness 17 https://advisor.morganstanley.com/deborah.tryon A busy schedule shouldn, t get in the way of a plan for your future. It , s easy to lose track of your finances when your days are filled with other responsibilities. As a Morgan Stanley Financial Advisor, I can work with you to understand your goals and help you create an investment strategy that , s right for you. With your future on track, you can focus on all that , s happening in your life now. Call me today to learn more. Deborah Tryon Financial Planning Specialist First Vice President Financial Advisor 74-199 El Paseo, Suite 201 Palm Desert, CA 92260 +1 760 776-6227 Deborah.Tryon@morganstanley.com https://advisor.morganstanley.com/ deborah.tryon CA INS LIC. # 0H87514 NMLS# 637445 The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. ©2025 Morgan Stanley Smith Barney LLC. Member SIPC. SEG010 CRC 3497342 04/24 CS 9918142 03/21 For 25 years, the Women Leaders Forum of the Coachella Valley (WLF) has served the region guided by two unwavering commitments: building connections among local women leaders and supporting young women through education, mentorship and scholarship opportunities via their Young Women Leaders program. Since its inception, WLF has been a hub for honoring, celebrating and recognizing women business leaders and women-owned enterprises. With nearly 40% of all businesses being womenowned, women throughout the Coachella Valley play a major role in shaping our local economy. WLF is pleased to announce its inaugural WLF Professionals Showcase, which will be held on January 8 at the Classic Club in Palm Desert. During this engaging evening, attendees can mix and mingle with local business owners while featured speakers share resources and support available to new business owners and entrepreneurs. Whether you are in the early stages of exploring a business idea or managing an established company, attendees will find relevant resources, encouragement and connections that can make a meaningful difference in their professional journey. A legacy of community engagement. WLF understands that lasting change comes through connection and support. By creating spaces where established women leaders can collaborate and grow while simultaneously investing in the next generation, the organization has built a legacy of community empowerment spanning generations. Building stronger communities. The ripple effects of supporting women-owned businesses extend far beyond individual success stories. When local businesses thrive, they create jobs, contribute to the economy and add vibrancy to the community. Statistics show women control up to 85% of consumer purchasing decisions. For a local community, buying power can make a significant impact. Creating opportunities for growth. WLF members play a pivotal role in supporting the next generation of leaders. Members share their expertise and serve as mentors, volunteers and advocates for high school girls in their Young Women Leaders program. These relationships often lead to lasting connections that benefit the mentees as much as the mentors. The WLF Professionals Showcase is open to members and non-members. Enjoy a relaxed evening of networking over light appetizers and cocktails while discovering new opportunities and building valuable relationships. It’s the perfect blend of business and social connection in an engaging environment. The event is open to all; admission is $10. Please reserve your spot by registering on our website. To inquire about showcasing your business, please contact info@wlfdesert.org for details. Space is limited. The WLF Professionals Showcase represents an opportunity to experience the collaborative spirit that has defined the organization for 25 years—a testament to what becomes possible when a community of women commits to supporting one another’s dreams and ambitions. Vikki Dorsey is the volunteer communications manager for Women Leaders Forum. To register for the Business Expo or join Women Leaders Forum, visit wlfdesert.org. WLF Empowers Women in Business By Vikki Dorsey Investors commonly focus on their portfolios to ensure the next generation is taken care of, alleviating worry for themselves later in life. Another step is teaching your children or grandchildren about investing. Helping them understand the guiding principles is a golden opportunity to start them on a solid financial path. Holiday time together presents a unique opportunity for passing on this precious gift of financial knowledge, and while conversations largely depend on age and maturity, there are effective approaches for children of all ages. Start with savings. Savings should come before investing. Make sure your children have a firm grasp of the importance of saving. If they have a regular job, discuss the idea of setting aside about 10% of their earnings. Consider opening a savings account for them and discuss how interest works. These are important first steps in learning how to manage money. Keep it simple. As obvious as this seems, use your children’s language, not sophisticated financial terms. Start by explaining that investing is a means of using their money to create more money. Keeping it simple will help your kids understand and embrace the concepts. Use a real goal. Make investing real by focusing on a tangible goal that is important to your child like a new toy or their first car. By showing them how investing money on a regular basis can help achieve their goals, you’re more likely to catch—and keep— their attention. Set financial milestones along the way and celebrate when your child reaches them. Posting a “savings graph” that shows their progress is a fun way to track their savings. Explain stocks with familiar companies. Kids are drawn to the idea that buying a stock means buying a piece of a company; the stock can rise or fall as the company succeeds or fails. If you tie the concept to a company they know, say a sports or beverage brand, they might be more interested in following its progress. You might purchase a single share for them so they can experience ownership firsthand. Try virtual investing. That said, you don’t need to actually purchase a share of stock; rather, you can show your children how to research stocks online. Once again, choose companies whose products are familiar and, this time, have them “buy” ten shares of a few companies they like. Record the “purchase price,” monitor the performance, and after a while, have them calculate how much they gained or lost. As you and your children explore investing together, remember to have fun and keep it light. Emphasize the benefits of long-term investing (the longer you have to invest, the greater the chance for growth), compound growth (encouraging reinvesting earnings, like a snowball that gets bigger as it rolls downhill), and diversification so you don’t put all your eggs in one basket. Passing on financial knowledge is a wonderful gift and a fun bonding experience. It can also be very profitable for your kids and grandkids down the road. This editorial was adapted from “Financial Basics for Your Kids and Grandkids” by Reesa Manning which first appeared in the March/April 2013 edition of Desert Health. The Gift of Financial Knowledge Instilling financial knowledge in youth can be the gift that keeps on giving. WLF’s Professional Showcase will be held in January.
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