Or maybe you are saving for a large purchase but wonder where to start. Working with a financial coach can help you create a plan, so that you can stop wondering and start living the life of your dreams. Maybe you dream of buying a house, sending your kids to college, or retiring early, these are all areas where a coach can help. Our financial coaches will get to know you and your unique financial situation. We will discuss your money goals and personal values, then work with you to craft an individual spending plan that fits your unique lifestyle. Think of this plan as a roadmap to get you where you want to go. Your coach will then walk alongside you as you follow the plan, providing you with encouragement and accountability along the way. Much like how working with a personal trainer can help you achieve a level of health and fitness you couldn’t on your own, working with a financial coach can help you achieve a higher level of financial fitness and freedom.
Some of the areas where we can help:
In general, financial advisors work to manage and build on wealth that already exists while financial coaches teach their clients the skills and knowledge, they need to create that initial wealth. A financial coach works with those who have few assets and need help managing their personal finances. They provide education on topics like budgeting, saving, paying off debt and general money management. Their main job is to empower their clients to reach their financial goals and learn how to handle their finances responsibly. A financial advisor works with those who need help managing and investing their already accumulated assets. A financial advisor helps clients develop an investment portfolio to build wealth to meet future goals, such a retirement. A financial advisor’s fee is typically based on a percentage of assets under management, while a financial coach charges a flat rate per session or per package of sessions. Typically, financial advisors have an asset threshold for clients, whereas anyone with any amount of money can work with a financial coach.
Click here to learn more about our Financial Coaching process.