A Financial Coach Will Drive You To Examine Your Relationship With Money and Redefine It
Change can be scary, but coaches exist to push you out of your comfort zone and confront behavior and choices that don’t encourage growth, knowledge, and success. Financial coaching will force you to examine your emotional relationship with money. Do you feel overwhelmed when making money decisions? Do you find yourself anxious, stressed, or fearful? Your coach will help you explore your feelings about money and ensure they don’t hold you back from achieving financial success.
A Financial Coach Will Encourage You To Keep Your Focus and Commitment
It’s not easy for everyone to track daily expenses or stick to a budget. One person’s preferred way of budgeting may seem overwhelming and impossible for another. A financial coach partners with you, plays to your strengths, and suggests tools and techniques that will help you stay committed to achieving your goals. Your coach will listen, encourage you to push past any setbacks, and celebrate victories alongside you.
Remember, a Financial Coach Is Not A Financial Advisor
Financial advisors focus on investment portfolios and provide specific investment advice. Financial coaches focus on strengthening your money management skills so that you can make sound financial decisions. Financial coaches won’t advise you on asset management and will not profit off any investments you may make. However, the skills you learn with a coach can help prepare you to work with a financial advisor if you need investment and asset allocation advice.