Michele Lenz Attends the UW Madison - Financial Coaching Workshop

Helping Clients Reach Their Goals Through Financial Coaching Workshop
Thursday, 09 May 2019

Michele Lenz Attends the UW Madison - Financial Coaching Workshop

This event was sponsored by the Personal Finance Program and the Center for Financial Security through the UW Madison School of Human Ecology. This workshop was designed to increase financial professionals’ understanding of coaching theories & skills, recognize the role of values & motivations, and identify applications in professional practice. There was also a structured networking lunch for current Personal Finance students and the workshop attendees to share their financial planning experiences during and after graduation.

Kathy Longo Speaks About The Challenges of Transitions to the Twin Cities Chapter of the Society of Financial Services Professionals

The Challenges of Transitions: Understanding the personal side of money.
Wednesday, 08 May 2019

Kathy Longo Speaks About The Challenges of Transitions to the Twin Cities Chapter of the Society of Financial Services Professionals

There are two sides of money; the technical and the personal. Both sides are equally important and complex, but it is the personal side that drives decision-making. Change is an integral part of the human experience. And change creates the space for new and different things to happen, both financially and personally. Even if we realize there are four stages to transition, that’s not sufficient guidance to help someone move through a major life change.

Coping and Managing Stress During Periods of Transition

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 06 November 2017

Coping and Managing Stress During Periods of Transition

It was Socrates who said, “The secret of change is to focus all of your energy, not on fighting the old, but on building the new”. As we advise our clients who are making their way through various life transitions, it is important to begin by acknowledging the mental and emotional toll of the transition period. We encourage clients to take time to honor their feelings without the added burden of also trying to decide what comes next. Time and emotional support help to provide perspective, creating the presence of mind to help choices become clearer and less narrow.

Preparing your Family and Finances for Natural and Man-Made Disasters

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 31 October 2017

Preparing your Family and Finances for Natural and Man-Made Disasters

Disasters can strike with little notice. Some are the product of mother nature, such as Hurricanes Harvey, Irma, Jose and Maria, along with the horrible fires in California.  Others, like the recent Equifax breach, are man-made. While these disasters may seem to have little in common, what they share is the personal and financial devastation left in their wake. The hurricanes devastated many homes and lives. In Hurricane Harvey alone, early estimates indicate that 230,000 homes were damaged and almost 13,000 of them were destroyed. The physical damage inflicted by Harvey was enormous, but the emotional fallout for all those directly impacted is harder to quantify. Losing your home, possessions and peace-of-mind is an unfathomable experience. While homes can be repaired and rebuilt, items such as old family photos and heirlooms are priceless and irreplaceable. The Equifax breach impacted the personal data of over 4.6 million consumers, leaving those affected fearing fraud and identity theft. Dire concerns about the health of your financial future can produce much anxiety, which only adds to the stress of a recent disaster. Both disasters left millions feeling afraid and vulnerable. Although it is always difficult to minimize the burden of stress and increase feelings of confidence and security after a disaster, being proactive and putting an emergency readiness plan into place before one strikes is invaluable.

The Impact of Sudden Money on Your Life

By Kathy Longo, CFP®, CAP®, CDFA

Friday, 29 September 2017

The Impact of Sudden Money on Your Life

One day your life looks a certain way. You have goals, some are lofty and some are reasonable. You have a pretty decent plan for how your life is going now and how it will go in the future. You are content and comfortable with the life you have laid out before you.

When your life changes instantaneously from a financial windfall the impact can take a toll on you, both emotionally and physically. Depending on the circumstances of how you came into sudden money, the range of emotions can vary from elation to confusion to grief to guilt.

The choices that you make during this transition can impact your life for a long time. It is often making those decisions that can come to be the most difficult part of a sudden money transition. Based on our experiences working with clients that have gone through this transition, we want to share some insights into how people can successfully manage their emotions and finances in the wake of a financial windfall.

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