Posts Tagged ‘pennywise coaching’

A Conversation About Estate Planning – what you need to know, now.

 You can never be too early when Estate Planning but even a minute late, is too late.

No one wants to talk about Estate Planning or End Of Life Planning – but we have to. 

This subject is very close to my heart. One of the reasons I became a Financial Coach was that a dear friend of mine passed away at 42 when she was hit by a drunk driver. Seeing what her family had to go through really inspired me to do what I do and help others be financially prepared. 

Estate planning is crucial and incredibly important for everyone. No matter what stage of life you are in. It is time to stop avoiding something so important just because it feels morbid. This could be the best gift you give to those you love for generations to come. So let’s be wise and start learning. 

I recently chatted with Somita Basu, ESQ., Partner at Norton Basu LLP  to bring all my Wise Guy’s some great advice on Estate Planning. We talked about so many things – this is an absolute must-watch. 

Check out my conversation with Somita of Norton Basu LLP

We cover questions like:

  • What is the difference between a will and a trust? 
  • Is a will or trust better for my situation?
  • What is probate? 
  • How do you make a will or trust if you don’t have any family or relatives?
  • Who will support my children if I pass away?
  • How do you make changes to your will or trust?
  • Costs associated with probate
  • How do you handle property in other states?

I had such a wonderful time speaking with Somita and learned so much.

After our conversation, here are my biggest takeaways:

  • If you own a business this is an absolute must!
  • A will or trust can and should evolve with you throughout your life. 
  • The amount of money you have doesn’t really matter – you have to protect your family and assets. 
  • An “estate” is everything you own – not just your equity.
  • Family dynamics are hard to navigate – communicating your intentions and what you want helps so much during a really difficult time. 
  • A will can only help after you have passed away. A trust can help if you are incapacitated. 
  • Probate is a public process that anyone can see which opens the family up to preditors and sales that you don’t need.

Estate Planning and End Of Life Planning are so important. No matter who you are, how old you are, or how much you think your estate is worth. It is a cornerstone of your financial plan and a key to wealth management for you and your family. 

You can never be too early when planning your estate but even a minute late – is too late. 

If you want to know more about planning your estate you can contact Somita Basu through her website:

I’ve worked with people at all stages of life and can help you get your finances set up to impact the next generation, as well as those who have received an inheritance to be wise with its use.

A Conversation About Investments and Getting Out of Debt

About Investments & Getting Out Of Debt With A Loveland Financial Coach

It’s important to figure out first of all, what belongs in your budget.


Check out my interview with Amanda of The Independence Money Show for some great information on investments and getting out of debt.

As a Financial Coach, people often wonder what it exactly is that I do. While I am not an investor or a banker, I utilize my background in social work to help my clients address their behaviors around money and spending. One of the main areas of opportunity for most people is that dreaded B-word: budget.

People hate to hear that word, but I like reminding my clientele that all that word really means is the difference between telling your money where to go or wondering where it went. Being intentional with your money is key, and I can help you get into the right financial practices toward a spending plan that works for you.

About Investments & Getting Out Of Debt With A Loveland Financial Coach

Check out my interview with Amanda of The Independence Money Show


It’s important to figure out first of all, what belongs in your budget. Budgeting is a lifetime activity that never ends, and will always need adjustments: so it’s not a one-size-fits-all type of thing. Inflation and cost of living has gone up exponentially since the pandemic, and there are a lot of other “bad debts” people are racking up in the process (credit cards, student loans, etc).

This can cause a lot of issues not only personally but can lead to bigger problems in marriages and families. So it’s especially important to really be proactive and communicative when financial planning, no matter how much money you might be making. Honesty and accountability are the keys to getting out of debt and getting your money to work for you.

If much of this is ringing true for you, I’d love to speak further about investments & getting out of debt as your Loveland Financial Coach.

Let’s schedule some time together by phone or video conference to get to know each other a bit and see if we are a good fit to work together. I’ll learn about your struggles and goals, and you’ll learn about my financial coaching program. . Schedule a free Discovery Session with me today.

How To Change Your Life With A Financial Plan

How To Change Your Life With A Financial Plan

Being prepared with a solid financial plan can have a direct, positive impact on your life.


We all know that life can be stressful. Money issues can make that stress even worse. Without a Financial Plan, we plan to fail.


Financial preparedness and planning can help not only alleviate current stresses but can help you to carve out a much more worry-free future. With a solid financial plan, you can remove all the stress around your finances. This can change the course of your life – forever!


Wouldn’t it be amazing to never fight about money ever again? To not have to manage your anxiety over money, or feel guilty about spending your money.


You deserve to feel peaceful and happy with your money, and with a financial plan, you can totally achieve that!
A financial plan is really just a thoughtful and intentional roadmap. One aligns your short-term and long-term financial goals, creating a strategy for you to achieve them. And yes, it is simple, but the effects are life-changing.


A strong Financial Plan has helped so many of my clients to see the light at the end of the tunnel. They now feel excited about their financial stories. And I know it can do the same for you!


A financial plan designed for your life and lifestyle is one of the best investments you can make in your future. To get you inspired to work on your plan, here are just a few of the amazing ways it can change your life:



7 Ways Having A Financial Plan Will Change Your Life:


1. Helps you identify your financial goals: You have to know where you want to go in life, and starting with a plan helps you to outline your goals. When you set yourself up with several small, achievable goals, you can rest easy on them.


2. Determines your priorities: Having a financial plan can be helpful in identifying where your priorities are at. When you have an actionable plan, it can provide you with a clear understanding of what is most important to you.  That way you don’t get distracted by the small stuff.


3. Makes sure emergencies don’t become disasters: The last few years certainly taught us the value of planning ahead. By creating an emergency fund, you will be prepared and able to handle anything that comes your way.


Are you ready to create a secure financial future, schedule a free discovery call with me here.


4. Help you build your savings: A savings account to support your life and retirement is a huge financial goal for most people. Hitting this will do so much for you, and can truly help to eliminate the daunting concerns over your financial future.


5. Give you confidence in your money: When you understand your monthly cash flow, your credit card debt, have an estate plan, have retirement accounts, etc you will feel secure in your finances. This will give you an unbelievable amount of confidence in your life and your money moving forward.


6. Provide a simple plan of action to follow so you never get off track: And couldn’t we all use that in life? There’s nothing more overwhelming than getting behind on your bills. When you have a financial plan, you know exactly what to do and when.


7. Build the life you want to live: Your plan is custom to who you are and what you want out of life. Being mindful and intentional with your money will help you create the life you want to live – no matter what that is.


I hope that showcasing the many ways a financial plan can change your life has you feeling motivated and inspired to do just that! If you’d like some help putting together your own financial plan, I can help. Schedule a free Discovery Session with me today.

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