A Financial Coach is
A Financial Coach is a Personal Finance expert that is knowledgeable about debt, credit, saving, retirement, budgeting, paying for college, and spending wisely. They are not financial planners, although they do educate people on the different types of investments and insurance.
- A bad Financial Coach will sell you a debt consolidation plan or debt management plan.
- A good Financial Coach is someone who will work with you to improve your money situation.
- A great Financial Coach is one who will explain how money really works and bust the myths about debt that we have been sold for so long.
- The BEST Financial Coach is one who has the heart of a teacher, not a salesman.
Really? Free financial advice from strangers?
You can watch Personal Finance Experts on television or listen to talk radio hosts with their opinions on how you should handle your money. Google can help you find information about anything including thousands of free budget spreadsheets – even on this website (see The Absolute Simplest Budget In Excel and you will see how easy it can be done). But I have one question for you: Can you get all your answers about YOUR financial life from someone who doesn’t know YOU?
You are different than everyone else
Everyone’s financial situation is different. You might have 2 kids and your neighbor might also have 2 kids but one of them is in college. Your best friend could have 2 kids but is a single mom, and your sister’s 2 kids are newborn twins! Can you see how each one of these family’s finances could be different? This is just one example of how dynamic everyone’s finances are, just like snowflakes.
Why work with a Financial Coach
Justin Bieber has a vocal coach, Tiger Woods has a swing coach, and Zooey Deschanel has an acting coach. Each one of these famous, successful people have talent but would have burned out, injured themselves, or made simple mistakes without having their coaches train them improve their “game”.
If you wanted to improve your business, you would hire a consultant. If you wanted to improve your marriage, you would hire a counselor. If you wanted to improve your money, you would want to hire a Financial Coach. Working one-on-one with a Financial Coach will help you identify the problems in YOUR checkbook, get you to turn around, and lead you in the right direction with your money.
“Where there is no counsel the people fall, but in the multitude of counselors there is safety” God said this in Proverbs 11:14. He’s a pretty smart guy so I figure he’s probably right.
What does a Financial Coach do?
- We get to know YOU and your finances
- Help you learn how to live on less than you make
- Give you the tools that it takes to manage money
- Offer recommendations and show you how these changes will improve your net worth
- Continue to educate and encourage you
- Take our hands off the wheel and allow you to become a millionaire!
When you are ready…
Don’t hire a Financial Coach or Counselor until you speak with them for at least 30 minutes. Most Coaches have free consultations, so take advantage of this! You wouldn’t want someone to install carpeting in your home until you got a Free Estimate, so when the offer is available you should take it! Research their website, read some of their articles or blog posts, follow their Twitter feed, and read a few of my Testimonials.
When you are ready to schedule a consultation, calling the listed number is generally the best way to reach a Financial Coach. Email is usually just as convenient for both parties. Rest assured that you are making a good decision by asking for help and are on your way to getting out of debt.