What is Financial Coaching?

Everything You Need to Know to Make a Smart Business Decision…


As Todd says…


There’s no secret to building wealth. Spend less than you earn and invest the difference wisely. Everyone knows that.

The problem isn’t knowing what to do – the problem is getting it done.

Financial coaching bridges that gap by providing a powerful, professional partnership designed to produce action.

It can save you time and money by helping you avoid the many dangerous pitfalls and dead-end paths on the road to financial freedom.

Financial coaching can also accelerate your wealth building by taking the most efficient, effective actions toward achieving your goals.

Financial coaching isn’t the latest “get-rich-quick” gimmick or trendy how-to seminar that’s supposed to reveal the “secrets of the rich”. The secret is there are no secrets.

Instead, your financial coach provides accountability, educational insights, practical experience, and support focused on timeless, proven wealth building principles.

Through a regularly scheduled series of phone calls, you’ll develop a personalized plan for wealth and be supported in taking tangible actions to implement that plan.

In other words, your coach provides the education and insights, but you’ll do the heavy lifting and are responsible for the results produced. Your coach is the educator and protagonist, but you’re the decision-maker and action-taker.

Coaching can’t be compared to other educational alternatives like reading a book, listening to a CD, or watching the latest seminar on DVD. These are passive, one-dimensional experiences.

Financial coaching is an interactive, dynamic learning experience uniquely tailored to your needs.

Let’s see exactly how this works in greater detail below.

What is money coaching image

Financial Coaching Is Much More Than Advice, Consulting or Investment How-To Instruction…

You’ve probably noticed that most financial education teaches you how to do something – how to invest in stockshow to buy real estate, or how to save money.

That’s all fine and good, but it’s not enough.

Few people will achieve financial freedom with this type of how-to instruction. It’s worth learning, but it’s not what’s necessary to transform your financial situation.

Teaching you how to build wealth by showing you how to buy stocks or real estate is like teaching the obese how to lose weight by showing them how to eat less and exercise more.

Duh! But so what? Anybody who wants to lose weight already knows what needs to be done, yet something is keeping them from doing it.

Similarly, everyone who wants to build wealth already knows they should earn more, save more, and invest more wisely. It’s not a big secret. In fact, it’s obvious.

The problem is not in knowing what to do, the problem is in implementation – actually getting it done in a strategic and efficient way. That’s what will make or break your success.

Financial coaching bridges the gap between knowing what to do and actually getting it done. That’s why it works.

The experts sell you information, but what you need is transformation. They teach how-to information, but never provide the transformational tools necessary for you to act on that information and produce results in your life.

In short, they forgot the essential ingredient you need to succeed. They teach you everything except what you actually need to know.

This becomes intuitively obvious when you consider the sheer volume of information available on teaching you how to build wealth.

The libraries and internet are filled with more business and investment how-to instruction then you could implement in a lifetime. Yet, you’re still not rich, so it can’t be from a lack of information.

The missing ingredient has nothing to do with “secrets of the rich” or the latest investment strategy. The missing ingredient is the catalyst that helps you bridge the gap between knowledge and effective action.

The key isn’t just in knowing what to do, but in actually getting it done. That’s how results are produced, and that’s what financial coaching is all about.

How Financial Coaching Gets Results

Financial coaching is different because the focus is on you – not the instruction. Sure, we also teach business and investment strategy, but that isn’t what will make or break your success.

How well you integrate and apply the instruction is the key to your success. That’s what makes financial coaching different.

Your financial coach brings experience and expertise in wealth building. They also have a skilled method of inquiring and questioning that helps you think clearer and prioritize the critical issues that can make a difference in achieving your wealth goals.

It helps you gain a better perspective so that you focus more effectively on the few factors that produce results.

It provides tools that enhance your ability to accomplish more with less wasted effort and includes accountability to maintain focus with enough persistence to succeed.

The result is a complete support system that converts obstacles that would normally stop your progress into opportunities for growth and learning that cause you to take your game to the next level.

This crucial step is ignored by most wealth building programs, yet it’s central to financial coaching.

In other words, financial coaching still teaches the essential principles behind the external game to wealth building such as risk management, leverage, competitive edge, mathematical expectation, continuity income, proven investment principles, techniques, and much more.

However, what’s unique about financial coaching is how it integrates that instruction with your internal game – your thinking and habitual practices that have held you back from the success you desire.

Financial coaching provides a one-two punch that integrates both the internal and external game of wealth building into a single coaching model that produces more powerful results.

When you add in some of the other benefits of coaching, including accountability, support, and expert insight, you have a complete system that literally pulls you toward financial freedom.

Nothing else works like it.

SARS is Coming for Ya!!


If you haven’t dealt with your tax issues watch out!! SARS has stopped playing games!


News 24 reported:


Outstanding or late returns

Outstanding returns and late returns remain a concern and SARS says it will step up its enforcement of penalties in this regard.

Rental and Capital Gains Tax

“Many taxpayers still do not declare rental income from properties and we will improve our data matching in this regard by collaborating with the Deeds Office.

“This matching will also allow us to better enforce non-compliance in the declaration of Capital Gains Tax,” says SARS.

SARS will renew its focus on monitoring income and expenses from commission earners.

SARS is concerned about the accuracy of declarations of distributions to and from trusts to the beneficial recipients.


“We have also noticed tax preparers unethically promising taxpayers that they will secure a refund. They then look for opportunities to understate income or overstate expenses,” says SARS.

“This is a serious offence and could result in criminal charges as well as financial consequences for the taxpayer who remains accountable to SARS for their submissions.”

Fabricated expenses, IRP5s

SARS has noticed a trend of fictitious refunds being claimed for fabricated expenses and losses, as well as fictitious employers generating IRP5s for the sole purpose of claiming refunds.

Multiple returns
Fraudsters file multiple returns to create refund opportunities and syndicates re-use IRP5s across multiple individuals.

Risk modelling
SARS is working hard to improve the integrity of its profiling capability by using sophisticated risk modelling and expanding our data set.

Last year SARS prevented over R8.2bn fraudulent returns from being paid.

SARS is currently working with both the SA Police Service (SAPS) as well as the National Prosecuting Authority (NPA) to criminally prosecute fraudsters.

SARS has already successfully convicted a number of taxpayers for non-compliance. It has even successfully convicted some of its own staff for colluding with taxpayers.

The super-rich
“We are instituting a renewed focus on high net worth (HNW) Individuals who often arrange their affairs in complex ways, often presenting higher compliance risks to SARS,” the revenue agency said.

Visit the SARS eFiling website here :

The SARS MobiApp is available on GooglePlay and the App Store

For July, the SARS Contact Centre will operate from 08:00 to 18:00 on weekdays, which amounts to an extra hour. You can contact the contact centre at 0800 00 7277. Taxpayers who want to file their income tax returns at a SARS branch may do so from August 1 until October 31, 2019.

If you are unsure as to where you stand with regards to your tax status and do no know what to file, book an appointment with us or give us a call. We can help you become compliant once more!