Licensed Life Agent
Most people know how to MAKE MONEY. Some people know how to MANAGE MONEY; however, few people know how to MULTIPLY MONEY. In the financial coaching plan, we will establish your wealth vision and create a plan towards that focused on MAKING, MANAGING AND MULTIPLYING your money. This includes but is not limited to budget planning, debt cancellation, credit building, and investment planning.
Budget Planning
One important aspect of financial planning is budgeting. We believe that you must increase your income and simultaneously decrease your out-go. Though we do not advocate for miserly living, we believe that there are times to “sacrifice the present to secure the future….but the sacrifice isn't forever!” Budgeting is less about being constrained and more about being disciplined with an action plan. A solid budget takes into account a short term plan and long term plan. Budget planning is a very important step towards financial freedom.
Credit Building
Why is credit building important? Well, there are three primary reasons we believe credit building is important: (1) Credit is power, (2) Credit is big business, and (3) Credit is your reputation. During the credit sessions, we unpack all three of these reasons and discuss how to improve and leverage your credit scores (all 3!) toward your wealth vision. As an added bonus, we spend time on the mindset work necessary to ensure you gain and maintain high credit ratings. This is always a fun set of sessions!
Debt Cancellation
Credit scores in the United States are numbers that represent the creditworthiness of a person and the likelihood that they will pay their debts. Lenders, such as banks and credit card companies, use credit scores to evaluate the risk of lending money to consumers. In these sessions, we will focus on canceling your bad debt, building your credit and shifting your mindset about credit. Please note that we do not believe all debt is bad. In these sessions, we dig into the different types of debt to determine good debt vs bad debt. We create a debt cancellation and consolidation plan to get you closer to your wealth vision.
Investment Planning
What are you investing in? In order to multiply your money, you must have an investment strategy. In these sessions, we will determine the best investment strategy that best fits your values and wealth vision. We will walk through an analysis of your risk tolerance and determine the best investments for you. Prior to engaging in investment planning, we ensure that you have a solid & established financial plan that includes a nice amount of savings. Whether investing in real estate, stocks & bonds, mutual funds & annuities, your business(es) or otherwise, a solid savings plan must be in place.
Career planning (i.e. your side hustle)
This module is about establishing additional streams of income. I firmly believe everyone should have at least 3-5 solid streams of income (at least 5 for couples) grounded in one’s values, passions, gifts and skills. How many do you have? What is your plan to ensure you have at least one more by the close of the year? That doesn't happen overnight, so what can we do now to build your plan?