|   The Flourish Financially Challenge

Episode 12: Cash Flow Focus

If you’re feeling stuck and less-than-excited about your current financial outlook, break your cash flow down into these three bite-sized components.
By Kathy Longo, CFP®, CAP®, CDFA®
Monday, 26 October 2020

Episode 12: Cash Flow Focus

It can be difficult to get excited about your finances, particularly if you feel burdened by debt, lack the income you desire or feel your financial goals are unattainable. If you’re feeling stuck and less-than-excited about your current financial outlook, you can break your cash flow down into smaller components that let you take more control of your finances - and help you get excited about achieving your goals.

Episode 11: Numerophobia

Many people practice avoidance when it comes to finances, and numerophobia – the fear of numbers – is often at the root of the problem.
By Kathy Longo, CFP®, CAP®, CDFA®
Saturday, 17 October 2020

Episode 11: Numerophobia

Do you find money topics to be confusing? Do you lack confidence in your ability to understand financial concepts? If so, you may be suffering from numerophobia - and you’re not alone. This inevitably leads to a reactive approach to money management, but taking a proactive interest in your money is the best way to meet your goals and create a meaningful life for yourself and your family. So, if fear of numbers is getting in the way of your financial success, my challenge to you this week is to stop making it about the numbers.

Episode 10: Know Your Number

Your credit score paints a picture of your current financial status and acts as an indicator of your financial health, making it crucial to know your number.
By Kathy Longo, CFP®, CAP®, CDFA®
Monday, 12 October 2020

Episode 10: Know Your Number

Do you know YOUR number? Your credit score paints a picture of your current financial status and acts as an indicator of your financial health for potential lenders. It takes into account your amount owed, credit, length of credit history, credit mix, and payment history.

Episode 9: Learning the Lingo

The more you know about finance, the better you can manage your money.
By Kathy Longo, CFP®, CAP®, CDFA®
Monday, 05 October 2020

Episode 9: Learning the Lingo

For this week’s challenge, I’m going to encourage you to wade through something that many people avoid, but which is necessary if you really want to take charge of your money – financial jargon. Learning to “speak finance” is a lot like learning a foreign language. Yes, many financial terms are confusing, but with a little time and patience, the terminology becomes approachable.

Episode 8: Lifestyle Creep

When your earnings increase, your savings should too, but many people opt for increased discretionary spending instead.
By Kathy Longo, CFP®, CAP®, CDFA®
Monday, 28 September 2020

Episode 8: Lifestyle Creep

For this week’s challenge, I want you to think back to the last time you received a pay increase. Did you immediately rework your monthly budget to allocate more of your income to savings? Or, like many people tend to do, did you use your increased income to do something like lease a nicer car or purchase a larger home? If your answer is the latter – increased spending – you may be a victim of Lifestyle Creep.

Episode 7: Building Your Safety Net

In times of economic hardship and uncertainty, having a financial safety net can help you weather the storm.
By Kathy Longo, CFP®, CAP®, CDFA®
Monday, 21 September 2020

Episode 7: Building Your Safety Net

For this week’s challenge, I am talking about building a financial safety net. The world can become an uncertain place in a short time. This economic volatility can lead to fear and anxiety. Having a financial safety net for an unexpected loss of income can provide you with peace of mind and freedom should the worst-case scenario arise. 

Episode 6: Money Roles and Rules

It's useful to have a money management system in place, but many families operate with unwritten assumptions rather than a true plan.
By Kathy Longo, CFP®, CAP®, CDFA®
Monday, 14 September 2020

Episode 6: Money Roles and Rules

It’s useful to have a money management system in place, but many families operate with unwritten assumptions rather than a true plan. This week, your challenge is to put down on paper – or electronically on your computer or smartphone – the roles each member of your household plays with regard to managing money, as well as the unwritten financial rules you typically follow.

Episode 5: Facing Financial Reality

For this week’s challenge, I encourage you and your spouse to get down to brass tacks about your shared financial reality.
By Kathy Longo, CFP®, CAP®, CDFA®
Saturday, 05 September 2020

Episode 5: Facing Financial Reality

For this week’s challenge, I encourage you and your spouse to get down to brass tacks about your shared financial reality. Whether you’re on the sharing or receiving end of a financial secret, try to remain calm and work to have a constructive conversation so that you can move forward together. 

Episode 4: Your Spouse and Money

When you and your spouse are on the same financial page, expect more harmony in your marriage
By Kathy Longo, CFP®, CAP®, CDFA®
Saturday, 29 August 2020

Episode 4: Your Spouse and Money

Your challenge for this week is to open up a new kind of financial conversation – not one based on conflict, disappointment, guilt, or any other common feelings that cause couples to argue – but a conversation based on a greater understanding of your partner’s money story.

Episode 3: The Numbers Game

When we let numbers alone drive our decisions, it can get in the way of our success.
By Kathy Longo, CFP®, CAP®, CDFA®
Saturday, 22 August 2020

Episode 3: The Numbers Game

For this week’s challenge, think about a number you’ve been fixated on. It could be the number of clients you’d like to have at your business, the age at which you hope to retire, or even the desirable zip code you hope to live in. After you identify your number, ask yourself WHY. Why is this number important? What will it mean for your business, your life, or your family circumstances if you achieve it?

Episode 2: Your Money Story

Think back to your earliest money memory and how it shaped your life.
By Kathy Longo, CFP®, CAP®, CDFA®
Saturday, 15 August 2020

Episode 2: Your Money Story

This week, we reflect on our earliest money memory. My challenge for you is to think back to your earliest money memory and how it impacted your life. Don't forget to write us a review on your favorite podcast provider as well as on your Amazon Alexa app.


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