Snap Projections’ Post

New in the Snap Projections blog this week: simple does NOT mean easy. We don’t often refer to the software as simple anymore, as it continues to become more comprehensive and robust. But, our users continue to say that compared to everything else they have tried, Snap remains simple to use. In this financial planning tutorial, we’re building a plan for John and Jane Snapper, a couple nearing retirement. In this session, we reviewed a sample projection and answered the following 3 questions: How long will my money last? Am I going to be okay? How much can I spend so I won’t run out of money? How much will be left for my children? #financialplanningtutorial #fintech https://lnkd.in/ex8kVRk3

We conducted a survey among Snap users, and the insights we've uncovered are invaluable. Here's what we found: 🔑 Key Activities: 1. 56% are meeting with prospects to expand their client base. 2. 79% are providing plans to clients who have questions. 3. 85% are proactively offering clients the option for a financial plan. But what truly sets the top-performing Advisors apart? 👀 68% of those actively meeting with prospects use Snap during these meetings. Those who don't cited a lack of time or capacity as the primary reasons. 🚀 What are they doing? It's simple yet powerful: 1. Gather high-level client information (just five pieces are enough). 2. Create scenarios: - Current state - Recommended state - Stress tested plan With Snap's real-time capabilities, you can quickly answer pressing questions like "How much can I afford to spend without running out of money?" and demonstrate the value of planning. This approach is also highly effective for your existing Advisory clients who have not previously been willing to engage in the financial planning process. #FinancialPlanning #FinancialAdvisor #Prospecting #ClientEngagement #Planning #SnapProjections

💸 𝐂𝐚𝐬𝐡-𝐅𝐥𝐨𝐰 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐇𝐞𝐫𝐞, 𝑭𝒓𝒆𝒆 𝒊𝒔 𝑩𝒆𝒕𝒕𝒆𝒓🌊 I want to walk through a concept that can be a game-changer in your financial plan. 🎮💱 ☯️ Cash Flow Analysis: What & Why? 🏀 Cash Flow Analysis is like the Yin-and-Yang of your finances. It consists of every dollar coming in (+) and going out (-), from your direct deposit to recurring bills, or your dinner tab to investment returns. The Analysis of these Cash Flows (CFs) is a blueprint for next steps in your planning process. Even if you are navigating a rough patch financially, a proper CF Analysis could uncover suitable strategies that weren't seen prior. For sports fans, imagine the +/- stat of a basketball player. They may not always be the stars, but they do what it takes to win! This +/- remainder is called Free Cash Flow (FCF). 📝 Budget, Categorize, Monitor 🖥️ Establishing a strong budget, categorizing expenses, and monitoring income create this financial blueprint. Aggregating this data allows your CFs to better align with your goals, and today we have the ability to link accounts via Financial Apps to get a consolidated view of your spending & saving habits. [☝🏼Fun Fact: My Practice’s Fin. Apps & Tools offer Budgeting, Categorization, & Tracking with Advisor Guidance ✅] 🟩 Income vs. Expenses 🔴 Income Stability & Expense Tracking are the center of Cash Flow Analysis. Income Stability gets trickier the further you deviate from consistent pay and/or the more income streams you have, yet the question remains: Are you running a Surplus or facing a Deficit? In other words, is your FCF + or - ? [✌🏼Fun Fact: My Practice’s Fin. Apps include Income vs Expense Analysis✅] 🔮 Predicting Future Cash Movements 📊 Cash Flow Analysis isn't just retrospective; it's a forward-looking approach. With a Summary of Actual and Projected Expenses & Income, you can better anticipate future financial needs. Tools that enable the Visualizations of CFs can help you plan for big purchases, life events, or retirement, preparing you for what's ahead [👌🏼Fun Fact: My Practice’s plans incl. CF Visualizations to help choose which Goals & when✅] 👔 Tyler Fall's Approach to Cash Management 💵 My Practice differs from the typical Goal-Oriented approach of Financial Planning, as we utilize CF Analysis to condense aggregated financial data into actionable insights. By securely gathering data from your linked accounts, we can Construct an On-Going Real-Time CF Model to align your financial habits with your goals, spotting potential opportunities to reallocate these CFs into more suitable investment vehicles & instruments over time. 📲 Free Cash-Flow Consultation: Take Action Today 🤝🏻 Don't let a learning curve press pause on your financial future. Let's talk numbers in a way that makes sense — for you. Visit: https://lnkd.in/eaQv3qig Booking: https://lnkd.in/dcfVhhm7 [Who caught the FCF puns?🧐] #investing #cashflow See thrivent.com/social for important disclosures.

📢 Discover How Generation Z is Revolutionizing Financial Management! Generation Z is revolutionizing financial management with their innovative budgeting strategies. By harnessing the power of technology and emphasizing personal values, Gen Z is reshaping the way money is handled. 🌟 Don't miss out on these game-changing insights that have the power to completely revolutionize your budgeting approach! Read the full article here: https://lnkd.in/gBK2RwwN #GenZ #FinancialManagement #Budgeting101 #FINETIKS #FinancialWellness #MoneyManagement #Financial #Finance

We conducted a survey of Snap users and uncovered the three top business driving activities Financial Advisors, Planners, and Investment Managers are conducting with Snap’s financial planning software. We asked our users the question, “what are you currently doing in your practice?” and this is what they said: 🔑 56% said they are meeting with prospects as they are looking to expand their current list of clients. 🚀 79% said they are providing plans to clients who have come in with questions. 🌟 85% said they are proactively offering clients the option for a financial plan. We wanted to better understand the prospecting side of things, so we asked some additional questions around that. Of the 56% of Snap users who are in growth mode and currently meeting with prospects, we asked them if they were using Snap during those meetings. 🔑 68% said YES, and 32% said NO. So we asked, if not, why not? 🚀 33% said they simply hadn’t thought of it, and everyone else said they just don’t have the time or capacity to create plans for prospects. We have spent the better part of 8 years speaking with Advisors and uncovering how we can continue to evolve and help, and what we have found is that there is a large group of Advisors who have figured out how to use Snap efficiently and in real-time during prospect meetings. What exactly are they doing? Find out here (full process IS provided) 🤩 #FinancialPlanning #FinancialAdvisor #Prospecting #ClientEngagement #Planning #SnapProjections

Discover "loud budgeting," a trend championed by TikTok's Lukas Battle, promoting financial transparency and honesty to achieve goals. Financial experts endorse it for autonomy and self-worth, suggesting tools like budgeting apps, high-yield savings, mindful spending, and open communication. Loud budgeting transforms financial habits and empowers individuals. 📈🔊 #FinancialMindsetFix #PublicSpeaker #Transformation #JoyceMarter #Budgeting101 #PersonalFinance #FinancialPlanning #BudgetingTips #MoneyManagement #SaveMoney #FrugalLiving #FinancialFreedom #SmartSpending #BudgetingGoals #BudgetingTools #FinancialWellness #BudgetSavvy #FinancialLiteracy #BudgetingHacks #BudgetingMadeEasy #DebtFreeJourney #BudgetingForSuccess #MoneySavingTips #BudgetingWisdom #FinancialEmpowerment #LoudBudgeting https://ow.ly/rTEq50QIQae

Discover "loud budgeting," a trend championed by TikTok's Lukas Battle, promoting financial transparency and honesty to achieve goals. Financial experts endorse it for autonomy and self-worth, suggesting tools like budgeting apps, high-yield savings, mindful spending, and open communication. Loud budgeting transforms financial habits and empowers individuals. 📈🔊 #FinancialMindsetFix #PublicSpeaker #Transformation #JoyceMarter #Budgeting101 #PersonalFinance #FinancialPlanning #BudgetingTips #MoneyManagement #SaveMoney #FrugalLiving #FinancialFreedom #SmartSpending #BudgetingGoals #BudgetingTools #FinancialWellness #BudgetSavvy #FinancialLiteracy #BudgetingHacks #BudgetingMadeEasy #DebtFreeJourney #BudgetingForSuccess #MoneySavingTips #BudgetingWisdom #FinancialEmpowerment #LoudBudgeting https://ow.ly/jbr050QIQah

This article was originally published back in 2016. Today, as we’re working to keep the financial planning blog updated, this message is a little bit ironic because here we are today, still sharing the same message. It’s all about leading with providing value before asking for the business and finding creative ways to engage your clients in the financial planning process. We won't change anything from this original post, as it remains 100% relevant and accurate. But, we’ll share some updated resources for anyone who wants to learn more on the subject. #interactivefinancialplanning #relationship

🌉🌟 Exciting News, Lamplighters! 🌟🌉 We're thrilled to share a groundbreaking article that sheds light on the evolving landscape of financial planning! 🚀📈 🔍 Discover how the traditional financial advising model is being reimagined, embracing a more holistic, non-intermediating approach. This article is a must-read for anyone considering a career in financial planning or seeking innovative ways to navigate this dynamic industry. 🌱💡 🔗 https://www.rfr.bz/ll9w6vk Join us in exploring this journey from traditional practices to innovative solutions. It's time to illuminate the path towards a more empowering and sustainable financial future! 💼🌿 👥 Share your thoughts and insights in the comments below. Let's engage in a meaningful discussion about the future of financial planning! 💬💭 #FinancialPlanning #Innovation #Lamplighters #FutureIsNow

This week I dived into the world of #LoudBudgeting, a game-changing trend from TikTok that's reshaping our financial habits! Check out my latest article where I explore: ✨ The rise of Loud Budgeting and its impact on financial transparency. 🎯 Setting clear, attainable financial goals for empowered money management. 💸 How this trend is transforming spending habits for the better. Loud Budgeting promotes a culture where discussing financial goals and challenges openly is not just accepted but celebrated. It's about making every dollar count towards our dreams, guilt-free. 🔗 https://lnkd.in/d5t9d7e4 #FinancialWellness #MoneyManagement #TikTokTrends #BudgetingTips #FinancialGoals