Income/Expense Reporting and Cash Flow Coaching | Services

Luminosity’s Monthly Service:

Income/Expense reporting and Cash Flow coaching.

Income/Expense Reporting:

• Monthly we create an income/expense report for you, including sections for your business and personal expenses.
• This report can be used for tax preparation.

Cash Flow Coaching:

Education and accountability can empower you to shift habits to align your spending and savings with your priorities.
There are many proven financial systems and plans for budgeting, saving, and investing. Why don’t most people apply these principles? Commonly the answer is lack of knowledge and/or lack of motivation. We will share the knowledge and show you the report that shows you clearly where your money is actually going. We will coach you through a prioritization exercise, and then we will help you align your spending and saving with your true priorities. We feel this is an effective way to create a lasting shift in habits.

Topics discussed:

• Prioritizing spending and savings categories
• Personal spending plan
• Habits
• Organization
• Banking systems and suggestions
• Automatic savings
• Credit scores: understanding, managing and improving
• Goal setting: short-term and long-term
• Managing risk: Insurance basics
• Credit Cards: opportunities and challenges
• Student loans
  
• Real Estate

Structure of coaching calls:

Laying the foundation on the first call:
The objective of the first call is to help you and your coach get to know each other better and for your coach to get an understanding of what your basic goals are, so we can serve you well.

The second call:
We follow up on action steps agreed upon on the first call. We review your report for the first time and we explain to you how the report is designed and show you where to find everything.

Subsequent calls:

• Review action steps from the previous call
• Address urgent financial issues or questions
• Explain or review financial topics and concepts
• Identify opportunities to be more intentional with spending, savings, and giving
• Establish next steps to accomplishing goals
• Create list of action steps to accomplish before the next coaching call

Coaching philosophy:

There are no stupid questions.
People tend to think that everyone else has their finances “organized” and “figured out”. We care about helping you create the relationship that you would like to have with your finances, so we are committed to exposing you to the best information, support, and resources to help you do that.

Your net worth is not who you are.
Many people attach their identity to their financial situation. This can create some serious challenges, with either high net worth or low net worth. We want to help dissipate the fear and mystery that are sometimes associated with finances.

Inquire and enroll in our service.