Reyes Financial Coaching

05/31/2026

And the winner is!...

Mobile sports betting!
But is it right for your financial journey?

Today we'd like to share some insight on how mobile sports betting apps affect your finances, including tax implications.

What is it? Let's say you like soccer and you have favorite teams or even favorite players.

Now thru nemerous betting mobile apps you can bet on your favorite teams, players and even on how their stats (fouls, offside, handling of the ball, kicks, penalties etc) in particular games will be.

But let's say gambling or sports betting is not legal in your state. There's always a way around it.
With platforms or apps such as Daily Fantasy Sports (DFS) you can bet in almost any state.

But this convenience, and private way to gamble makes it easier for your financial priorities to shift out of control quickly.

In one quarter, half-time, or game you could lose your rent, car payment, or even grocery money just with a click or tap.

Also if/or when you win, Sports betting Apps will provide you with a1099-G tax form for your winnings of $600 and over.

There is a 24% of taxes taken for anything over $2k which is also considered income tax.
When you file your taxes for that year you must report it as income.
Sure you might win but you also lose to uncle Sam.

You're better off investing that money in a Roth IRA or Index ETF retirement account.

And since there is no such thing as get rich quick anything. We suggest that even after all this financial wisdom we've provided, you decide you still want to gamble.

Make sure you have your fully funded emergency fund in place, are actively investing 15% of your income in retirement accts, and you place a reasonable line item in your monthly budget for gambling. Boundaries will always provide you with a better financial outcome.

Remember, we are here for you. Contact us today for more tips and help with your financial freedom journey.

05/11/2026

Felicidades a todas mis mamas solteras!
Estoy bien orgullosa de ustedes.
Por no haverte rendido.
Por mostrarle a tus hijos que si se puede.
Por tu creativity en superar todos los retos que la vida te ha brindado,
Por tu continuo esfuerzo en triunfar con tus finanzas
Aunque el camino esta duro tu siempre sigues hacia adelante.
Te celebro hoy en tu dia de las madres maravillosas.

05/01/2026

Wisdom is even better when you have money.
Both are a benefit as you go through life.

04/24/2026

No se lo pierdan.

1er comentario tiene el enlace. Es GRATIS.

Si ganas dinero pero no avanzas… necesitas dirección. Eso es DineroCon 2026.

Sábado 16 de mayo
Centro de Convenciones, San Juan

Nos vemos allí.

04/24/2026

Tienes tarjetas de credito?
Pero no tienes un fondo de emergencias?
Se te hara bien deficil lograr libertad financiera.
Por que? Por que las deudas estan diseñadas para la esclavitud.
El systema: Tienes deuda, trabajas, pagas la deuda, reto financiero, deuda para resolver el reto financiero, trabajas... Es un cyclo que no te deja triunfar con tus finanzas.

El fondo de emergencias es crucial para poder liberarte de este cyclo.
Yo se que es deficil ahorrar. Especialmente durante una economia que esta cambiando constantemente.
Pero la alternativa es ser un esclavo de este systema por el resto de tu vida.

Yo te animo a que tan si quiera comienzes tu fondo de emergencias con $5 semanales. Lo que quizas te cuesta un café, unas donas, o un pan dulce.
Poco a Poco veras tus ahorros crecer.
Y cuando vengan los retos financieros en lugar de endeudarte, podras resolver tus retos con tu fondo de emergencias.
Haci lograras libertad financiera.

Si te interesa seguir triunfando con tus finanzas, comunicate con nosotros hoy. Estamos aqui para transfornar las finanzas de nuestra cultura, una familia a la vez.

03/23/2026

Do you need a Last Will and Testament if you don't have anything of value?
You might think that you don't own anything of value and that may be so. But your family may want some of your personal items that may have emotional value to them.

Your family will be dealing with the pain of losing you, they should not be worrying about the details of anything else.

A Will gives you the opportunity to clarify what you want to happen to you, your assets and your personal items at the end of your life cycle. Who gets what.

Your Last Will and Testament is your final financial decision. Since there are straregies to minimize inheritance tax, we suggest you contact a Probate attorney to help with your estate planning.

+ASSETS: House, Land, Car, Boat, Life Insurance policy, 401k, and Pension.
+PERSONAL ITEMS: Jewelry, Family Bible, Coin Collection, Art pieces, antique furniture, guns etc.
+YOU: Buried? Open or closed casket?
-Cremation? Taken back where you were born/raised or stay at current location?
-Type of funeral service? religious or not
-Song, Prayer, and Pastor or Speaker
-Write your own obituary

Once you create your Will we suggest you schedule a family meeting to dicuss the contents of the Will. This gives your family the opportunity to know exactly what you want. And for you to answer any questions they may have.

To finalize your Will you should
SIGN it (in front of 2 witnesses),
NOTARIZE it and
FILE it at your local County Clerks Office-Probate division.

We know at some point in your life you will need this information, we encourage you to do something with it now.

And as always, if you need any help with organizing your financial journey, contact us today.

03/15/2026

What will happen to your kids when you die?
How will you know they will be ok?
You must make Guardianship arrangements for your kids.
Especially if you're a single parent. And to be legally binding it must be done in writing.

To select the correct person/s, a few things to consider are as follows:
++The person should be currently active in your kids lives.
(Birthdays, Christmas, Sports, Activities etc.)

++The person should live close to you.
(Your kids won't have to switch school district,
lose close friends, and
other family members can continue to be in their lives for support)

++The person should be around your same age or a couple of years younger.
Also have your same moral and religious values.
++The person must be financially stable and manage their own finances successfully.

To make arrangements for your kids in writing, there are three basic Guardianship documents:

×××Guardianship of Persons= This person makes decisions about your kid's education, food, health and housing.

×××Guardianship of the Estate/Property= This person makes decisions about your kid's assets and finances.
For instance if your kids inherit your house, car, 401k/retirement funds and/or life insurance funds.
This person will make necessary financial decisions in the best interest of your kids.

×××General Guardianship= This person will make decisions for both the personal care and financial care of your kids.

We suggest that you use the same guardian for your kid's personal and financial care ONLY if the named guardian manages his/her own finances successfully.
Otherwise we suggest you name two different guardians, one for your kid's personal care and another for the finances/assets.

These documents should include, names and addresses of everyone involved, statement of consent, granting powers of Guardianship, describe your absence (medical, mental or death), provide contact details, and must be notarized.
The documents should be filed at your local County Probate Courthouse(dead) or the Family Courthouse(living).

Also, make certain that your selected person/s are law abiding citizens as the Courts will do a criminal background check along with a home visit before granting legal Guardianship.

PLEASE do not just scroll thru these tips and do nothing.
Maybe you won't die while your kids are minors, but what if you do?
You can demonstrate your love to them one last time by securing their future is taken care of.

03/09/2026

What if you died today?
Unfortunately, our hispnic culture doesn't want to talk about death, or funerals.

But as we recently experienced, it's extremely important to not only talk about it but also write it down.

There will be numerous things to do after you die and most of them cost money.Money that your spouse or kids will need access to immediately.

+++During this month we will be providing you with a few basic tips to help you give your loved ones tools they can use to handle the many decisions they will have to make upon your death.

The first thing that you will need to set up is your Emergency Fund Account.

You may have a life insurance policy or a retirement account in place that will EVENTUALLY cover your expenses upon your death.
But those types of funds have to go thru a process that takes a long time for your loved ones to have access to them.

Also, if your death is due to a medical situation, they will need immediate access to your funds to pay for medical analysis, procedures and treatment. While also paying for your regular living expenses like your mortgage, utilities and transportation.

There are two important factors to have on your bank accounts including your emergency fund:

1) A JOINT on your bank accounts. A joint on the account owns the funds, therefore they can use the funds for anything and everything.
This is important in case either of you are incapacitated physically or mentally.

2) POD or BENEFICIARY on your bank accounts, realestate property, life insurance policy and retirement accounts.

A beneficiary will own the funds in your accounts and/or own your assets upon your death. No questions asked, no red tape, no arguments or discussion. You are clearly stating that you want the named person to have it.

We also suggest that you name a beneficiary on your bank accounts even if you have a joint owner. (In case you both die at the same time).

There are other options for your accounts perhaps more complex, sufisticated or strategic which require more planning and possibly attorneys.
But in the mean time with these two things in place your loved ones will be able to navigate the financial situations leading up to your death smoothly.

Remember, we are here for you. Contact us today for more tips and help with your financial freedom journey.

02/12/2026

Febrero, el mes del amor. Y tu presupuesto que?

Este fin de semana se celebra el dia de San Valentin. O sea el dia del amor. Te puedo retar a que este fin de semana demuestres tu amor differente al resto del publico o seguidores.

Que ames a tu pareja, tu relacion y a tu futuro financiero mas que las fotos/videos que puedes postear en tus plataformas.

+Que tal si en lugar de ir a comer a un restaurante 5 estrellas elijes entrega de comida a tu hogar de tu restaurante favorito.
Presentacion es todo. Mantel en la Mesa, velas y una botella de vino. Y no se te puede olvidar la musica de boleros para un ambiente amoroso.

++Que te parese si preparan un postre exotico juntos en tu hogar. Quede bueno o malo tendran razon de reirse y mucho de que hablar.

+++Que tal si organizas un picnic en tu parque favorito O en el patio de tu hogar. Sandwhiches, queso, frutas, vino, flores y poemas(aunque los leas de un libro).

Nosotros entendemos que mantener el enfoque de ahorrar dinero, saldar tus deudas e invertir en tu libertad financiera es dificil, especialmente cuano el systema monetario esta diseñado para consumidores.

El dia de San Valentin deberia ser un tiempo para reenforzar la union a tu pareja y el amor entre ustedes. Y eso no viene con etiqueta. Es gratis. Puedes participar en esta celebracion. A tu manera, juntitos y sin malgastos.

Es esencial para ti y tu familia que durante estos tiempos de celebraciones te mantengas firme con tus metas financieras.

Que viva el amor!

02/02/2026

What could you do for fun?

Your savings money challenge/tip for this week is free entertainment.

During this week, you should do some activities with your kids that are fun and free.

-Go for a hike
- Ride your bikes
-Go to your local library (story time)
- Visit local Museums
- Visit local art galleries
- Watch High School plays or musicals
- Watch High School sports/games
- Visit a Farmers market
- You can also volunteer at a local charity

The idea is to implement fun things to do while not spending any money doing them.

Saving is the first step into financial freedom. We strongly recommend that you make it a priority in 2026 and for the rest of your life.

We are here for you, contact us today for continued help with your financial journey.

Evelyn-Reyes Financial Coaching