7 Benefits of Working with a Financial Coach

Do you want to get results with your finances? But are too overwhelmed with all the different financial professionals out there? The benefits of a financial coach could be just what you are looking for.  Here are 7 reasons why you need a financial coach.

A Financial Coach will keep you accountable

Have you been trying to get ahead financially for a while? Or maybe “create a budget” has been on your to-do list for some time.  A financial coach can help with that.

The right financial coach will help keep you accountable to your financial goals.  They will not dictate what you have to do but rather will help guide you and keep you accountable on your financial journey.

A Money Coach can help empower you with your finances

When it comes to money, the overwhelm is real and you are not alone.  According to an American Psychological Association survey, 72% of Americans report feeling stressed about money at least once a month. 

Maybe you are feeling lost because there was no class in school teaching you how to invest, what an emergency fund is, or where to keep your savings.  

A financial coach can help with that.

Financial coaches work one-on-one with you to help you feel empowered with your finances.  No money question is too small to ask.  If you are unclear on something your financial coach will help explain things to you in terms you understand.

A benefit of working with a financial coach is the feeling of empowerment and clarity on your money mindset that will come just after a few sessions.

A Financial Coach can help define your money mindset

When it comes to personal finance, the numbers and math are sometimes the easy part.  The lasting change comes from exploring your money mindset and working on the psychology behind your money decisions.  

Once again, a money coach can help with that.  This is one advantage a financial coach has over a financial advisor.  A financial coach is not strictly focused on the numbers or investing strategy.  They will work with you individually and come up with a holistic money plan.

With a Money Coach, the focus is on you

Working with a financial coach is a personal journey.  It is not a cookie-cutter plan or generalized course you can find online.

Your financial coach will ask you specific questions to come up with the best guidance for your money journey.  They will share tools and strategies specific to your situation that you can start to apply immediately.

If you have tried to learn from online videos or courses but it just never seems to make a difference, then a financial coach is who you are looking for.  They can help lead you through the online overwhelm.

A benefit of working with a financial coach is that all the attention is on you and your money journey no matter where you are on it.

A Financial Coach can help keep you motivated

It’s not always going to be sunshine and roses when trying to improve your financial situation.  There will be tough times, times when you will want to give up.  

Those are the times when the benefits of a financial coach start to become apparent.  Financial coaches will help keep you motivated in those tough times; and times will get tough.  

And when you get through to the other side of those tough times you will be glad you worked with a financial coach.  

Not only will they help keep you motivated and accountable, but financial coaches can also help you get through those tough times faster than if you tried to do it on your own.

A Financial Coach can help you discover your financial goals

Whether you are a saver or a spender, your financial coach can help you discover your financial goals.  These goals will help guide you with your money and give you clarity about your actions.

If you are not sure if your goals are realistic or achievable, your financial coach can help with that too.  You may be surprised by how much faster you will achieve your money goals while working with a financial coach. And you may also realize that some goals you thought were out of your reach or were not possible are attainable without the guidance of your financial coach.

A Financial Coach can help you work through your limiting beliefs

Maybe you are not even aware of the stories you are telling yourself that are limiting your ability to achieve your financial goals.

Through conversations with your financial coach, your limiting beliefs will not only be identified, but you will also create a plan to overcome them. Your plan will be individually tailored to your situation so that you can work through your limiting beliefs.

Why You Need a Financial Coach Recap

  • Keep you accountable
  • Empower you with your finances
  • Define your money mindset
  • The focus is always on you (not some cookie-cutter approach)
  • Keep you motivated
  • Discover your financial goals
  • Work through your limiting beliefs

Final Thoughts

If you are ready to work smarter and not harder for your money, then why not take advantage of the benefits of working with a financial coach.  The advantages of working with a money coach are numerous and working with the right coach will be a decision you won’t forget.

So if you are ready to take the first step, or the next step, to getting your finances in order the financial coaches at Financially Thriving are ready to help you.

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