Let Jay coach you one on one!
Most Financial Advisors sell investments, insurance or other financial products. They either sell you a product or charge you a fee to manage your assets. Jay’s Financial Coaching programs works on a flat fee basis. The goal of coaching with Jay is to have your coaching pay for itself! FOR A FREE 30 Minute call to see if Jay’s coaching may be right for you, email Jay at jay@jayperoni.com
Over the past 15 years, Jay has added value to his client’s life. He can help you plan and free up time so you can concentrate on what you do best! Often clients earn more than their initial investment over the first three to four months. If you apply the principles Jay teaches, he guarantees coaching will more than pay for itself within the first year.
Financial Coaching is about teaching you new habits and strategies. By fully understanding your situation and what you need to do next, Jay can help you set your course in motion!
Immediate Benefits of Financial Coaching
- Get a handle on debt. Learn good, bad, and ugly uses of debt and how to become financially free!
- Develop an income plan to get your money working for you instead of you just working for your money.
- Determine if your insurance needs: home owners, auto, life, disability, health, etc are on track.
- Develop a wealth building strategy to help you grow, protect, and share your wealth
- Will you be able to retire comfortably? You will receive retirement projections based on your goals for the future, developed with Jay’s help.
- Develop short, intermediate, and long-term pools of money to reach your goals faster, with more precision, without sacrificing your principles.
- Are you making the right decisions now in order to live the life you want?
Here is how Jay looks at your financial situation:
Analyzing the Ten Key Areas of Your Faith-Based Financial Plan
1: Ownership. God Owns 100% of everything.
Key Verses:
Haggai 2:8 “The silver is mine and the gold is mine,” declares the Lord.
Psalm 24:1 “The earth is the Lord’s, and everything in it, the world and all who live in it.”
1 Chronicles 29:11-12 “Yours O Lord is the greatness and the power and the glory and the majesty and the splendor, for everything in heaven and on earth is yours. Yours O Lord is the kingdom; you are exalted as head over all. Wealth and honor come from you; you are the ruler of all things. In your hands are strength and power to exalt and give strength to all.”
Key Coaching Areas:
• Assess attitudes & motives in your personal financial planning.
• Rather than, “How do I protect/use my money?” the question becomes, “How can I best look after/use God’s money?”
• To rely on God and his provision not on our wealth or our ability to create wealth.
2: Integrity. Business, Personal, and Financial Life Coaching
Key Verses:
Colossians 3:22-24 “Slaves obey your earthly masters in everything; and do it not only when their eye is on you and to win their favor, but with sincerity of heart and reverence for the Lord”
1 Timothy 6:20 “Timothy, guard what has been entrusted to your care.”
Proverbs 13:6 “Righteousness guards the man of integrity, but wickedness overthrows the sinner.”
James 4:13ff “Now listen, you who say, “Today or tomorrow we will go to this or that city, spend a year there, carry on business and make money.” Why you do not even know what will happen tomorrow…”
Proverbs 28:19 “He who works his land will have abundant food, but the one who chases fantasies will have his fill of poverty.”
Key Coaching Areas:
In Personal life:
• Tax minimizing is fine – response to “cash” deal?
• Responsibilities as a Christ-Follower
• How do you grow spiritually?
In Business life:
• Responsible employer – what are your measures of success?
• Honorable accounting & management practices.
• Fair treatment of employees.
In Financial Life:
• Parable of the Talents: how do you maximize all God entrusts to you?
• Moral & Ethical investments?
3: Generosity: How do you get more so you can give more?
Key Verses:
Leviticus 27:30 “A tithe (10%) of everything from the land whether grain from the soil or fruit from the trees belongs to the Lord; it is holy to the Lord.”
2 Corinthians 9:7 “Each man should give what he has decided to give, not reluctantly or under compulsion, for God loves a cheerful giver.”
1 Timothy 6:19 “Command them to do good, to be rich in good deeds, and to be generous and willing to share.”
Key Coaching Areas:
• What should I give? To whom should I give? When should I give?
• Planning the budget after deciding on giving not before. Give first, then decide on other spending.
• Giving without guilt, generously and with grace.
4: Planning: Creating your roadmap – where are you heading?
Key Verses:
Proverbs 6:6&8 – “Go to the ant you sluggard; consider its ways and be wise! .. it stores its provisions in summer and gathers its food at harvest.”
Proverbs 21:20 – “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.”
Luke 14:28-30 – Building a tower.
Key Coaching Areas:
• Knowing what God has called you to do with your life and your money. Do your current practices help or hinder?
• Setting goals for (e.g.):
1 Giving
2 Budgeting/spending plan
3 Paying off debt
4 Saving, financial independence
5 Providing for dependants
6 Funding your calling
5: Budgeting: Getting your money to work for you instead of you working for your money
Key Verses:
Proverbs 25:28 “Like a city whose walls are broken down is a man who lacks self control.”
Galatians 5:22-24 “But the fruit of the Spirit is … self-control… Those who belong to Christ Jesus have crucified the sinful nature with its passions and desires.”
1 Timothy 6:6-8 “But godliness with contentment is great gain…But if we have food and clothing we will be content with that. People who want to get rich fall into temptation and a trap…”
Proverbs 14:24 “The wealth of the wise is their crown..”
Ecclesiastes 5:10 “Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income…as goods increase so do those who consume them.”
Key Coaching Areas:
• Know how much (a) income there is. Know how much (b) spending there is. Keep (b) less than (a).
• Run a spending plan – think future not past, “What shall I spend my money on next week/month/year?”
• Avoid a consumptive lifestyle, living beyond your means.
• Avoid the compulsion to spend, spend, spend; keeping up with the Jones’.
6: Borrowing: Getting and staying out of debt
Key Verses:
Proverbs 22:7 “The rich rule over the poor, and the borrower is servant to the lender”
Romans 13:8 “Let no debt remain outstanding.”
Matthew 6:24 “No-one can serve two masters … You cannot serve both God and money.”
Psalm 112:5 “Good will come to him who is generous and lends freely, who conducts his affairs with justice.”
Key Coaching Areas:
• Poor budgeting & spending more than you earn leads to debt.
• Debt restricts flexibility and choice.
• Debt presumes upon and mortgages the future.
• How much should we borrow and for how long?
7: Saving for a rainy day: Creating and maintaining emergency funds and funding your future
Key Verses:
Proverbs 28:19 “He who works his land will have abundant food, but the one who chases fantasies will have his fill of poverty.”
Proverbs 21:20 “… a foolish man devours all he has.”
Key Coaching Areas:
• Save to build an emergency fund (equivalent of 3 months of income).
• Save for major purchases to avoid debt (water heater, automobile repairs, home entertainment system, vacation, etc.).
• Save for future needs and giving (missionaries, charitable gifts, friends in need, etc.).
• Save for retirement.
8: Investing with a Purpose: Using your Blessings to Bless Others
Key Verses:
Proverbs 13:11 – Dishonest money dwindles away, but he who gathers money little by little makes it grow.
Ecclesiastes 11:2 “Give portions to seven, yes to eight, for you do not know what
disaster may come upon the land.”
Luke 12:13- The Parable of the rich fool.
Key Coaching Areas:
• Get rich slow/don’t try to get rich quick – risk?
• Don’t hoard but invest for a purpose.
• Invest with the/an end in mind & work out a realistic target.
• Faith-based investing – choosing your investments
• Asset allocation and diversification
9: Protecting All God Places in Your Care: Prudent Strategies
Key Verses:
1 Timothy 5:8 “if anyone does not provide for his relatives, and especially for his
immediate family, he has denied the faith and is worse than an unbeliever”
Ecclesiastes 5:13 “wealth lost through some misfortune so that when he has a son there is nothing left for him…”
Matthew 6:28-34 Consider the lilies of the field …
Matthew 28:20b “And surely I am with you always, to the very end of the age.”
Key Coaching Areas:
• God protects us but we should provide.
• How much insurance is wise? Can you over insure or under insure?
• Looking at proper amounts and if you should carry life, health, disability, home & auto, liability, and long-term care insurance
10: Legacy Planning – How will you be remembered?
Key Verses:
Proverbs 13:22 “A good man leaves an inheritance to his children’s children, And the wealth of the sinner is stored up for the righteous.”
Proverbs 17:2 “A servant who acts wisely will rule over a son who acts shamefully, And will share in the inheritance among brothers.”
Key Coaching Areas:
• Analyzing your wills, trusts, and beneficiary designations
• Making sure you have all the proper legal documents and organizing your affairs to make it easier on your beneficiaries
• Legacy planning tools
• Getting your wishes on paper
JAY’S APPROACH:
Step 1: Identify and prioritize your purpose and passion. You and Jay will discuss your dreams, goals and needs to develop a clear vision of your financial future. You will examine how God uniquely designed you and how you would like to better utilize your time, talent, and treasure.
Step 2: Gage where you’re at. You and Jay will review important documents like bank and brokerage statements, tax returns, insurance policies and retirement plans. This will enable Jay to see your current point on your journey.
Step 3: Analyze your financial information. Together, you and Jay will work to understand the big picture of your financial situation, and how the different elements may impact each other. You will look at how the ten key areas affect one another.
Step 4: Specific Advice. Jay will provide written and verbal financial coaching advice that align your faith with your goals and needs.
Step 5: Implementation. Once Jay proposes specific financial solutions to help reach your goals, you can take action on your plan.
Step 6: Monitor your progress. Because your goals and needs evolve over time, it is important to track your progress as part of an ongoing process, making adjustments due to personal, legislative and economic changes.
