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Uhhh… I Think We Might Be Lost

Updated: Jun 12, 2022

[Guest post by Jake Randall, Financial Coach at Wild Freedom Financial Coaching]

Those words can really make your stomach sink, huh? It’s that moment you realize you don’t recognize anything and couldn’t point to the direction you should go if your life depended on it. Not fun.

As a Financial Coach, I get a front row seat to watch people go from feeling lost in the woods, to confidently navigating to freedom in their personal finances.

But what does that actually look like? How does that play out in real life? Well, take a look at Justin and Kasey’s story, and you’ll get an idea of what I’m talking about:

Justin and Kasey are one of the most fun loving, creative and encouraging couples I know. Justin installs tile for a living - he has even had his work featured on the Magnolia Network! Kasey is a Physician's Assistant (PA) at an ENT clinic, where she provides thorough and compassionate care to her patients day in and day out.

 Once Kasey graduated from PA school, they stepped into a new season of life where they were bringing in more income than they ever had before, as they both worked their jobs full time, and wanted to be sure they handled their income in such a way that they had something to show for it. Plus, this also meant that the amount of student debt they had was a pretty formidable number staring them in the face.

Shortly after I started coaching them, they announced that a third member of their family was on the way! Another great reason to do everything they could to be intentional with their money.

Through my coaching process, I explore with my clients the ways that having a healthy approach to money blesses our families. Justin and Kasey are a fantastic example of that. In the months leading up to little Jamie being born, we put together a plan to prepare financially for his birth and everything that would come with it. We looked at large expenses they'd incur leading up to delivery, how to best navigate saving for and paying for medical costs, and preparing for the unknown.

They took it and ran with it. They used their budget. They worked the plan.

And you know what? 

It worked.

 When Jamie arrived, they were able to focus on the things that mattered most in that moment, because the money side of things was already taken care of. I will always remember how (almost surprisingly) calm they were when we jumped on our video call. It was so cool! I want that same feeling for every new parent!

 Check out their thoughts on their journey:

"Even after just our first coaching appointment with Jake we felt so much more confident about our finances. He truly takes the time to hear what you hope to do in the present and future, then works hard with you to achieve those goals. I cannot recommend Jake enough!"

So what does it take to make sure that your money journey feels more like that, and less lost in the woods?

Financial freedom can so easily feel out of reach and simply unattainable when things feel hard, unknowns swirl in our heads, and the obstacles are plenty.

We end up with thoughts like these:

“I have no idea how anyone could pay off their student loans in less than 20 years, I sure can’t.”

“I’d love to buy a house, but to be honest I have no idea how to even determine if I can afford one.”

“I never really learned too much about personal finance, and I literally don’t even know where to start… so at this point the idea of even trying to figure it out is totally overwhelming.”

So… where do you start?

When you reach out to me because you know that what you are doing is not working, and where you are is not where you want to be in your personal finances (in the numbers and also in how you feel), the first thing I help you do is get organized. I provide a simple tool I’ve created called the “Personal Financial Snapshot” that we use to pull together some basic details of your financial situation. If you have debts, we get the specifics of those listed out, as well as map out the details of your income. All of this comes together to paint a very clear picture of where you are today.

Then, we have some fun. We cast some vision for the future. I provide a tool I created called the “Dream Sesh” that guides you through picturing very specific things you would love to be true in the future. It helps unpack how financial freedom is defined for you specifically, as well as what financial freedom will feel like. For example, “What could you do with the additional cash flow if you had NO MORE debt payments?” or “What are some specific ways your financial freedom will bless your family now or in the future?” Clients usually learn something about themselves in the process, and for couples, it is super useful for getting a better understanding of your partner’s take on money. It may be the most thought you’ve put into your desires for the future in a while, and helps awaken some of those passions that may have been dampened by hidden lies we believe about what is possible, because we simply can’t see the path forward at the moment.

Now that you’ve determined exactly where you are, and caught some vision for where you want to go, it’s time to get to work. Developing a cash flow plan is vital, but you’ve got to do it the right way. It’s got to be clear how it directly ties to your vision, and it’s got to be set up in a way that feels sustainable and not cumbersome. As simple as possible to still be able to move you forward, not bog you down in number crunching. From there you build out your sinking funds, learn the ins and outs of handling each type of debt you have, become an expert on your credit score/report, level up your skills with navigating large purchases (home, car, wedding), and get some basic negotiation skills down so you are always earning what you’re worth and paying a fair price… and you are well on your way to financial freedom. As a coach, it’s my job to equip you with the tools and best practices that streamline the process for you in all of these areas. I’ll also insert knowledge on other topics as they apply to your situation, and encourage you as you roll up your sleeves and make progress.

Feeling organized for the first time, dusting off passions, and totally changing your expectation of what is possible… what a breath of fresh air. This is my Freedom Story. This is the Freedom Story of my clients who made a choice to live intentionally with their money.

What will your story be?

Were you encouraged my Justin and Kasey’s story? Leave a like and let us know.

What is it in YOUR life that motivates you to pursue financial freedom? A sense of control? Becoming work optional? Your family? Leave a comment and let us know!

If you’re done feeling lost in the woods and ready to start confidently navigating to freedom, a financial coach can get you there.

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