Latest news with #Seitz
Yahoo
08-07-2025
- Business
- Yahoo
7 Ways to Help Your Teen Become a Financially Independent Adult
Experts recommend starting the conversation around finances by giving your teen an allowance so they can practice managing money and making real-world spending choices. Talk often about credit, debt, and budgeting to help them avoid financial mistakes and build smart habits. Encourage them to find a job to earn their own money and allow them to make and learn from their mistakes to grow financial independence and always been a challenge to transition into adulthood, but kids these days have it even tougher than we did. 'Teens are growing up in an economy with a high cost of living, record levels of student debt, and a more complex financial landscape than ever,' says Jennifer Seitz, certified financial education instructor and director of education at Greenlight. A 2025 survey even found that a whopping 50% of parents pay for their adult children's needs, shelling over an average of $1,474 per month. While many parents are happy to help when their kids are facing a financial crisis, having to support your adult child on an ongoing basis isn't sustainable for most parents—especially when planning for our own lives and retirements. All of this is all why teaching financial literacy to our teens and young adults is more important than ever. 'Early exposure to money management helps guide teens before they make big financial decisions, like whether to take out student loans, work a summer job, or buy their first car,' Seitz notes. Still, according to a recent survey at Greenlight, while teaching financial literacy is a priority for parents, parents also rank it as the hardest life skill to teach their kids. No worries—we've got you covered. Here, we'll share expert-driven tips to teach teens financial literacy skills that they can carry with them into their young adult years. Raising more financially independent teens means offering them practical tools, helping them gain real-life practice, and teaching them important financial concepts. Here are seven pieces of financial literacy advice from experts we connected with. If you don't already give your teen an allowance, now is a great time to start. says Shalini Dharna, CPA, financial advisor and CFO at Dharna CPA. Doing so is a hands-on way to teach kids that we all have infinite wants, but only a finite amount of resources. And you don't have to run to the bank and take out cash for their allowance (like in the old days). Now, you can give your child a debit card made for kids to use, or give them money on a digital wallet app, like Apple Pay. Either way, the idea is to give them a set amount of money on a regular basis so they can learn to manage it. It's vital that you talk to your kids about how credit cards work, the cost of interest, and the importance of paying credit card balances in full, says Seitz. 'When teens understand that debt isn't 'free money,' they're less likely to fall into avoidable financial traps,' she says. 'It will also equip them for future decisions around student loans and car loans.' Model the concept of loaning money and paying interest on it by offering your teen a small credit line (let's say $10 per month) and charging them 20% interest on it. If they don't pay it, then the interest increases—just like a real credit card. This will help them learn that they need to pay off any money they borrow before it snowballs into something they can no longer manage. It's essential to teach your teen to learn the difference between necessary spending—like groceries and essentials—and trendy, desired purchases, says Seitz. Teach them that once you become an adult, you need to ensure you can pay your bills before you go out and buy a pair of expensive designer sneakers. 'This lays the groundwork for spending within your means and resisting impulse purchases,' she says. Dharna recommends having regular family conversations about money and about your family's finances. 'Start planning weekly family money dates—maybe like a Sunday after brunch and talk about how things are going, financially,' she says. During these talks, you might discuss what bills you have, and how much you are bringing in. 'The more it's talked about, the more comfortable your kids will be also in managing their own money and sharing their own concerns,' she explains. According to Seitz, it's never too early to discuss even more complex financial topics, like investing. Keep it simple and straightforward, since it may confuse your teen if you delve too deep. "Introduce investing early to take advantage of compounding: Even small amounts invested consistently can grow significantly over time, thanks to compounding returns,' she says. 'Showing them how their money can grow helps teens shift from short-term thinking to long-term planning.' Budgeting is an important part of being financially literate and managing your money well. Sarah Kipnes, LCSW, PPSC, licensed therapist, recommends showing your kids the ins and outs of budgeting. 'With your teen, use a budget template to walk through today's cost for different categories—rent, food, utilities, internet, phone, gas, entertainment, etc.—and compare that to the income your teen thinks they will be earning based on reasonable employment options,' Kipnes describes. 'This will prepare your teen to not only learn how to budget but to get a sense of the financial responsibilities of an independent adult and the realities of spending versus earning.' According to Seitz, teen should start working as soon as they're ready. It doesn't have to take away from their school or play. Find jobs in your community that allow for flexibility so your teen doesn't feel overwhelmed. Working a summer job, babysitting, tutoring, or finding other creative, innovative ways to earn money online or in your neighborhood is a great way for kids to learn how to budget their own income. 'A steady income provides even more reason to budget and a sense of ownership over their decisions,' Seitz you want to make meaningful changes this week, start talking more openly about money today. According to Melissa Murphy Pavone, founder at Mindful Financial Partners, maybe the most powerful thing parents can do is to make money a normal topic—something that isn't taboo, isn't something to lecture about, and is just part of the normal conversations you have in your home. 'Teens are especially attuned to authenticity,' she says. 'They're far more likely to absorb your values than your rules.' Talk about money throughout the course of your day, and do so as honestly as possible. Sharing real and relatable stories works best, because they invite dialogue rather than shame or fear, says Pavone. For example, you can say, 'I once racked up a credit card bill in my 20s that took years to pay off and I learned the hard way how stressful that can be.' 'By consistently weaving these conversations into everyday life at dinner, during car rides, even while shopping you demystify money and teach your teen how to think critically about their own financial decisions,' she says. 'They begin to see money not just as a tool for spending, but as a reflection of their values and goals.'When it comes to teaching money matters, you might be tempted to step in frequently—for instance, advising your child not to buy something they can't afford or to blow their whole allowance on something they probably won't like in a week. But experts recommend taking a more 'hands off' approach, and letting your kids learn about the consequences of poor decisions naturally. How exactly to do this? Seitz recommends the following: Begin with clear money expectations, which might look like a weekly budget or allowance If your child blows all their money early, let them experience the consequence of having a zero balance with no spending for a week Don't be tempted to give them more cash, so they can learn how to make it last the next time This natural cause-and-effect helps build self-control in decision making, which is more effective than a lecture alone. However, it's important to be reassuring and kind to your child as they learn. Assure your teen that financial mistakes happen in life, especially when you're young, says Dharna. The road to financial independence is different for everyone, so take the time to listen to how they feel and ask them what support they may need. Read the original article on Parents
Business Wire
09-06-2025
- Business
- Business Wire
Horizon Technology Finance Appoints Paul Seitz as Chief Investment Officer
FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) ('Horizon' or 'HRZN') (the 'Company'), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it has appointed Paul Seitz as its new Chief Investment Officer. Concurrently, Daniel Devorsetz has stepped down as Chief Operating Officer and Chief Investment Officer, but will remain involved with the Company through September 2025. 'We are thrilled to welcome Paul as our new Chief Investment Officer,' said Michael P. Balkin, Chief Executive Officer of Horizon. 'Paul has a proven track record of building high-quality, tech-focused portfolios from his time at Monroe Capital, and his deep expertise in software underwriting makes him the ideal choice to lead our next phase of growth. Paul will also further enhance the relationship between Horizon and Monroe, enabling us to further leverage Monroe's broader capabilities and infrastructure as we seek to deliver meaningful value to our shareholders. I also want to express our sincere gratitude to Dan Devorsetz for his invaluable contributions over the past two decades. Dan's leadership and insight have been instrumental in building Horizon into the Company it is today.' Mr. Seitz joins Horizon from Monroe Capital, where he served as Managing Director and Head of Software Underwriting. During his tenure, Paul was responsible for leading and managing the underwriting process within the software, technology and tech-enabled services industry, focusing on pre-IPO and growth-stage technology companies, managing a portfolio of loan transactions, and various account management functions. He started at Monroe in 2019 and brings over 10 years of experience in technology lending and investing. Prior to Monroe, Mr. Seitz was a Vice President at TriplePoint Capital, covering both the North American and European markets, and was responsible for identifying and evaluating investment opportunities, due diligence, market research, financial modeling and business model analysis. His experience also includes roles at NXT Capital, as Senior Analyst on the Venture Finance team, and Duff & Phelps as an Analyst. Mr. Seitz earned his B.S. in Finance from Penn State. About Horizon Technology Finance Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S. Monroe Capital is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. To learn more, please visit Forward-Looking Statements Statements included herein may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Horizon's filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Yahoo
09-06-2025
- Business
- Yahoo
Horizon Technology Finance Appoints Paul Seitz as Chief Investment Officer
FARMINGTON, Conn., June 09, 2025--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or "HRZN") (the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it has appointed Paul Seitz as its new Chief Investment Officer. Concurrently, Daniel Devorsetz has stepped down as Chief Operating Officer and Chief Investment Officer, but will remain involved with the Company through September 2025. "We are thrilled to welcome Paul as our new Chief Investment Officer," said Michael P. Balkin, Chief Executive Officer of Horizon. "Paul has a proven track record of building high-quality, tech-focused portfolios from his time at Monroe Capital, and his deep expertise in software underwriting makes him the ideal choice to lead our next phase of growth. Paul will also further enhance the relationship between Horizon and Monroe, enabling us to further leverage Monroe's broader capabilities and infrastructure as we seek to deliver meaningful value to our shareholders. I also want to express our sincere gratitude to Dan Devorsetz for his invaluable contributions over the past two decades. Dan's leadership and insight have been instrumental in building Horizon into the Company it is today." Mr. Seitz joins Horizon from Monroe Capital, where he served as Managing Director and Head of Software Underwriting. During his tenure, Paul was responsible for leading and managing the underwriting process within the software, technology and tech-enabled services industry, focusing on pre-IPO and growth-stage technology companies, managing a portfolio of loan transactions, and various account management functions. He started at Monroe in 2019 and brings over 10 years of experience in technology lending and investing. Prior to Monroe, Mr. Seitz was a Vice President at TriplePoint Capital, covering both the North American and European markets, and was responsible for identifying and evaluating investment opportunities, due diligence, market research, financial modeling and business model analysis. His experience also includes roles at NXT Capital, as Senior Analyst on the Venture Finance team, and Duff & Phelps as an Analyst. Mr. Seitz earned his B.S. in Finance from Penn State. About Horizon Technology Finance Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S. Monroe Capital is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. To learn more, please visit Forward-Looking Statements Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Horizon's filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. View source version on Contacts Investor Relations:ICRGarrett Edsonir@ (646) 200-8885 Media Relations:ICRChris GillickHorizonPR@ (646) 677-1819 Sign in to access your portfolio
Yahoo
25-05-2025
- General
- Yahoo
Seitz to launch Diocese environmental plan during special Mass on Sunday
EL PASO, Texas (KTSM) — El Paso Bishop Mark J. Seitz will celebrate a special bilingual Mass Sunday, May 25 and will sign and inaugurate the Diocese's environmental action plan. The Mass will be at 11 a.m. May 25 at St. Luke Catholic Church, 930 E. Redd Road. The Mass will mark the 10th anniversary of Laudato Si', Pope Francis' landmark encyclical on care for 'our common home,' and the 800th anniversary of St. Francis of Assisi's 'Canticle of the Creatures,' the Diocese said. As part of this diocesan celebration, Seitz will officially sign and inaugurate the Laudato Si' Action Plan for the Diocese of El Paso. 'This new plan will guide the local Church's commitment to the values of Laudato Si' and Laudate Deum, deepening efforts toward environmental stewardship and solidarity with the poor across all ministries and institutions,' the Diocese said. The Mass will bring together representatives from local parishes, Catholic organizations, and environmental advocacy groups, including the Care for Creation Ministry at St. Luke, the Texas Chapter of the Laudato Si' Movement, and New Mexico–El Paso Power and Light, the Diocese said. 'Pope Francis reminds us that care for the Earth is inseparable from care for the most vulnerable,' Seitz said. 'This plan invites every person, parish, and diocesan structure to reflect on our impact and take real steps to live more sustainably and faithfully.' Released on May 24, 2015, Laudato Si' called for an 'integral ecology' that recognizes the deep connections between the environmental crisis and global inequality, the Diocese said. In 2023, Pope Francis continued this message with Laudate Deum, which addressed the growing climate emergency and the moral urgency of collective action. The Diocese's new action plan will provide tools and guidance for all Catholics to engage in concrete steps, the Diocese said. These actions can include creating special ministries, evaluating use of resources and adopting sustainable practices, the Diocese said. The Laudato Si' Diocesan Action Commission is available to assist parishes and organizations looking to implement or expand environmental initiatives, the Diocese said. For more information, contact laudatosicommissiondep@ Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Boston Globe
15-05-2025
- Business
- Boston Globe
Buying a home — with a little help from friends
Advertisement It's tough to buy a home with someone who's unrelated to you — a practice known as copurchasing. Most banks are reluctant to broker mortgages to unmarried people looking to buy together, and it's still a relatively rare occurrence. But a new City of Boston program aims to change that. Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up In her recent State Of The City address, Mayor Michelle Wu unveiled Copurchasing isn't completely novel. In the 1920s, working-class Jewish New Yorkers joined forces to Advertisement But owning a home with friends isn't necessarily the same thing as living in a co-op. Some co-ops encourage shared social events like dinners and meetings, while others have a more intentional theme — such as the Either way, you're sharing not just the home-buying costs but the oft-overlooked hassles of owning a home. If the furnace breaks or if a tree falls on your roof, you all are responsible. But that also means you don't have to fix it alone. Evan Seitz co-owns a large house in Roslindale with five friends. The idea of buying together arose when Seitz and some of his future co-owners were housemates at the Unitarian Universalist Lucy Stone Cooperative in Roxbury, where residents cook, clean, and shop together, sometimes several times a week. They were feeling burned out by the obligations of that co-op living style. 'We sort of discovered that we were all planning on leaving,' Seitz says. . Co-ownership of a house, split equally, struck them as an ideal balance between affording Boston housing prices, transitioning to a more laid-back living situation, and holding on to some of the community benefits they enjoyed at the Lucy Stone Cooperative. But like most people trying to co-own a house, they had trouble getting a mortgage from a bank. 'We got lucky and were able to secure a private mortgage through my housemate's mom, who had this lump sum of money from her late partner's life insurance and was happy to loan it to us,' Seitz says. Advertisement Margaret Rosewitz, a book production coordinator, ran into a similar hurdle while trying to buy a multiunit property with her sister and a close friend in Dorchester. 'The concept of a mortgage with three people seemed to be confusing for our broker,' Rosewitz says. 'But on the other hand, our real estate agent was really excited about the idea because it felt novel at the time. He had never done anything like this before.' After closing on a triple-decker in Codman Square, the three were introduced to Ingram-Bee, the Jamaica Plain real estate agent who has channeled her interest in co-ownership into offering free informational seminars for aspiring homebuyers. She uses success stories like Rosewitz's in her sessions as tangible examples of what unrelated buyers should anticipate as they house-hunt. 'I break it down into three categories,' Ingram-Bee says. 'There are the managerial questions such as, do you mostly want your own spaces or will there be more communal spaces? The financial side is often the most important; you need to have candid, in-depth conversations about your incomes, debts, credit scores, and money habits.' And just as crucial, according to Ingram-Bee, is the legal structure of co-ownership agreements. This includes provisions for scenarios like one co-owner deciding to move and sell their share of the property. One of the people living with Seitz decided to move on three years after they bought the house together. 'We had collectively planned for something like this by setting aside money that would allow the rest of us to buy the other person's share,' Seitz says. Advertisement As an aspiring copurchaser myself, I am currently renting with a few friends and testing our compatibility. I can attest that until lately, learning the basics of cobuying a home in Boston was a matter of asking around. I was introduced to Seitz and Ingram-Bee through friends, and Ingram-Bee connected me to Rosewitz. The City of Boston's new program aims to make things more official. The program includes interest-deferred loans to help copurchasers cover down payments and closing costs. Households earning up to 100 percent of the area's median income can secure up to $50,000 in interest-deferred loans (payable upon sale, transfer, or refinancing of one's property share), while those making up to 135 percent can receive up to $35,000. Paige Roosa, the director of the mayor's Housing Innovation Lab and the architect of the CoPurchasing Housing Pilot program, says that copurchasing with individuals whose incomes exceed the income limits would not prevent an eligible applicant from receiving the financial assistance themselves. The main problem that this program may help to solve for many aspiring home owners is the astronomical cost of Boston's real estate. 'We had been trying to figure out how to address the lack of supply of homes on the private market that are affordable to the kind of folks that can use our funding,' Roosa says. Supporting aspiring co-owners, as Roosa puts it, is a creative way for Boston to unlock more of the city's market-rate housing for more people. Not that long ago, many of us temporarily experienced living in the same house with extended family and friends. The first year of the COVID-19 pandemic was a remarkable moment when millions chose to live together, for social support, safety, and financial reasons. During that winter, I Advertisement In late 2020, those unanswered questions were major roadblocks. Now, Boston's new program is bringing the prospect of home ownership within reach for many more people.
