Program Spotlight

Real Talk Finance & Amy Coroso

Real Talk Finance & Amy Coroso

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Real Talk Finance

Real Talk Finance is dedicated to empowering women to achieve financial independence and security. Our membership group is a supportive community that includes women from diverse backgrounds, all united by a common goal: to take control of their financial futures. We serve professional women, entrepreneurs, and retirees who are eager to learn, grow, and transform their financial lives.

Topics and Information Shared: The 4-Step Process to Financial Security

Step 1: Examine Your Money Mindset

The first step towards financial security is to examine our money mindset. Our relationship with money profoundly influences our financial decisions and behaviors. Understanding our money mindset allows us to challenge and reshape these beliefs, fostering a healthier and more productive relationship with money. This self-awareness is crucial as it sets the foundation for making informed and intentional financial decisions.

Step 2: Create Financial Security

Building financial security involves establishing a strong financial foundation. We start by creating an emergency savings fund that can cover at least one to three months of living expenses. This fund acts as a safety net during unexpected financial setbacks. Next, we focus on managing and reducing debt, prioritizing paying off high-interest debts and developing a plan to become debt-free. Effective debt management frees up resources that can be directed toward savings and investments. By building savings and managing debt, we create stability and reduce financial stress, laying the groundwork for long-term financial security.

Bay State Bank Savings Bank Trunk or Treat Case Study

Real Talk Finance Founder Amy Coroso

Step 3: Maximize Financial Potential

Once we have a stable foundation, the next step is to maximize our financial potential. This involves learning to invest wisely for the future; educate ourselves on various investment options such as stocks, bonds, and mutual funds; diversify our investments to mitigate risks and optimize returns. Additionally, ensure that we are earning what we’re worth. Regularly review our income sources and look for opportunities to increase our earnings, whether through career advancement, side hustles, or entrepreneurial ventures. Maximizing our financial potential accelerates wealth accumulation and enhances our financial position.

Step 4: Secure Your Financial Future

The final step in achieving financial security is to plan for life’s milestones and ensure long-term financial stability. This includes preparing for retirement, saving for our children’s education, and planning for major life events like buying a home or starting a business; establishing clear financial goals for these milestones and developing a strategy to achieve them; considering working with a financial advisor to create a comprehensive financial plan. Additionally, protect our assets and loved ones by securing appropriate insurance coverage and creating a will or estate plan. Securing our financial future involves proactive planning and preparation to ensure that we are financially protected for the long term.

At Real Talk Finance, we provide comprehensive and engaging content designed to address various aspects of financial well-being. Some of the key topics we cover include:

  • 1. Setting Financial Boundaries: Teaching the importance of financial boundaries and how to establish them.

  • 2. SMART Financial Goals: Guiding members in setting Specific, Measurable, Achievable, Relevant, and Time-bound financial goals.

  • 3. Money Stories and Beliefs: Helping members understand and reshape their money stories, beliefs, values, and identities.

  • 4. Budgeting and Saving Strategies: Practical tips and techniques for effective budgeting and saving.

  • 5. Debt Management: Strategies for managing and reducing debt.

  • 6. Investing Basics: Introduction to investing principles and strategies.

  • 7. Financial Independence: Pathways to achieving financial independence and security.

Program Overview:

Real Talk Finance offers a robust program designed to provide continuous support and education to our members. The program includes:

  • Weekly Workshops: Interactive sessions covering various financial topics.

  • Guest Speakers: Insights from financial experts and successful women in finance.

  • One-on-One Coaching: Personalized coaching sessions to address individual financial concerns and goals.

  • Online Course Portal and Resource Library: Access to a wealth of resources, including articles, videos, and tools to support financial education.

  • Community Support: A vibrant online community where members can share experiences, ask questions, and support each other.

Membership and Reach:

Real Talk Finance Membership Program currently serves 10 women, providing them with the knowledge and tools needed to achieve financial success. Our membership continues to grow as more women discover the value of our program and the supportive community we offer.

Measuring Success:

We measure the success of Real Talk Finance through various metrics, including:

  • Member Feedback: Surveys and feedback forms to understand the impact of our content and identify areas for improvement.
  • Goal Achievement: Tracking the financial goals set by our members and their progress in achieving them.
  • Engagement Rates: Monitoring participation in workshops, webinars, and community discussions.
  • Financial Outcomes: Assessing improvements in members’ financial situations, such as increased savings, reduced debt, and successful investments.

Program Highlights:

  • Empowerment: Our program is designed to empower women with the knowledge and confidence to take control of their finances.
  • Community: We foster a strong sense of community, where members feel supported and motivated by like-minded individuals.
  • Personalized Support: Our one-on-one coaching ensures that members receive personalized advice and support tailored to their unique financial situations.
  • Expert Insights: Regular sessions with financial experts provide members with valuable insights and strategies to enhance their financial well-being.
  • Practical Tools: We offer a variety of tools and resources to help members implement what they learn and make informed financial decisions.

Accomplishments of my 1:1 clients include:

  • Identifying self-limiting beliefs and patterns that have negatively affected financial well-being

  • Reduced anxiety around finances

  • Improved credit score

  • Reduced debt

  • Creating a debt payoff plan

  • Increased income

I am currently running a case study in my membership program. I will be tracking progress over a six month period. We are currently one month into the study.

Bay State Bank Savings Bank Trunk or Treat Case Study
National Financial Educators Council

NFEC Credentials:

I obtained my CFEI certification through the NFEC. This certification has greatly enhanced the value of our Real Talk Finance women’s membership program. With this credential, I’ve deepened my expertise in financial literacy, enabling me to provide more comprehensive and effective financial education to our members. The training has equipped me with advanced strategies to teach key financial concepts, from budgeting and debt management to investing and retirement planning. As a result, our program now offers even more robust and actionable insights, helping women build financial confidence and achieve their goals. ’m proud to bring this level of professional knowledge to Real Talk Finance, ensuring our members receive the highest standard of financial education and support.

Growing Our Impact

To grow the impact of Real Talk Finance, we will implement a multifaceted plan focusing on expanding outreach and engagement, leveraging social media and partnerships, introducing webinars with industry experts, offering access to our online portal, gathering feedback through surveys, and measuring success through case study member tracking.

Expand Outreach and Engagement

  • Targeted Marketing Campaigns: Develop and execute marketing campaigns to reach a wider audience, particularly focusing on women who can benefit from financial empowerment.

  • Community Events: Host virtual events to connect with potential members and raise awareness about the benefits of financial education.

Leveraging Social Media and Partnerships

  • Social Media Strategy: Create and share engaging content across various platforms, including success stories, financial tips, and member testimonials. Utilize paid advertising to reach a broader audience.

  • Strategic Partnerships: Collaborate with organizations that share our mission, such as women’s networks, financial institutions, and educational bodies.

Introducing Webinars with Industry Experts

  • Webinar Series: Launch a series of webinars featuring industry experts on various financial topics. These webinars will be open to both members and non-members, providing valuable insights and drawing attention to our program.

  • Interactive Sessions: Include Q&A sessions and interactive components in webinars to enhance engagement and provide personalized advice.

Offering Access to the Online Portal

  • Standalone Content: Provide access to our online portal as a standalone offering for those who prefer to learn at their own pace. This will include courses, resources, and tools that members can access anytime.

  • Subscription Model: Implement a subscription model for portal access, allowing individuals to choose the level of engagement that suits their needs.

Gathering Feedback Through Surveys

  • Regular Surveys: Conduct regular surveys to gather feedback from members on the effectiveness of our content, resources, and overall program experience.

  • Focus Groups: Organize focus groups to gain deeper insights into members’ needs and preferences, allowing us to tailor our offerings more precisely.

Measuring Success Through Case Study Member Tracking

  • Case Studies: Develop detailed case studies of members who have made significant progress. These case studies will highlight their journey, challenges, and successes, providing tangible proof of our program’s impact.

  • Key Metrics: Track key metrics such as savings growth, debt reduction, and increased financial literacy to quantitatively measure the success of our members. Regularly review these metrics to assess the program’s overall effectiveness.

By implementing this comprehensive plan, Real Talk Finance will expand its reach, enhance member engagement, and demonstrate tangible results, ultimately empowering more women to achieve financial security and independence.