Is a financial coach worth it?
A lot of people struggle with managing their finances and they
consider hiring a financial coach, but is it really going to be worth
it?
That's what we're going to talk about in today's video.
If you know who I am, you probably think I am going to say that it is
definitely worth it to hire a financial coach, but honestly, a
financial coach might not be for everyone.
And if you're not sure what a financial coach is versus a financial
advisor or financial planner, I have another video about that.
I will leave a link above.
You can click on that and check it out later.
The first thing you want to address when you are thinking about hiring
a financial coach is assessing your own financial situation.
For example, do you have debt?
Are you having a hard time getting out of debt?
Do you have a hard time saving?
Do you feel like you're spending too much money?
Do you have limiting money beliefs?
Do you have a hard time following a budget or a spending plan?
Do you just want to be more organized with your money?
Do you want to invest your money?
Do you need some sort of accountability with your money?
If you answered yes to any of these questions, a financial coach might
be worth it.
A financial coach can help you develop a financial plan that would fit
your needs.
They can help you create a budget or a savings plan and help you stick
with your goals.
They can also help you learn to invest your money.
Another reason a financial coach might be worth it is that they can
help you save money.
This is one of the primary benefits of having a financial coach.
They can go over your financial situation with you and see where you
are able to save more money.
And this also could include not just looking at the numbers, but also
taking a look at what you are thinking about money.
They can help you determine different ways to increase your income or
help you stick to a budget or even sometimes negotiate a raise.
A financial coach also provides you with accountability.
It can be really challenging to stay motivated on your money goals if
you don't have anyone holding you accountable.
And that actually goes for any type of goal that you have.
If you have someone to hold you accountable, you are more likely going
to achieve that goal.
A financial coach can give you regular check-ins and make sure you are
staying on track to reaching your financial goals.
And I have seen this working with my own clients.
This is a really, really great benefit of having a financial coach.
They set these specific goals and they know they have a call with me
coming up.
So they are working on those goals, whether it is setting up an
investment account or investing their money, they are doing the
actions because they are being held accountable for those actions.
And if they have a certain problem along the way, then when we are on
the call, we can do those actions together.
So things are getting done.
Goals are getting accomplished.
I recently launched a new coaching program and this is in regards to
investing in the stock market.
If this is something you are interested in, I have a free masterclass
about it.
I will leave a link below in the description.
You can click on that and watch the free masterclass.
But honestly, launching this program and having people go through it,
they are going through that content and they are ready for our weekly
call.
And I recently had a testimonial from one of my clients and he has
said this made the biggest difference having that accountability
because going through the program, he was actually getting things
done.
He didn't purchase a course that didn't have any accountability.
He purchased one that had accountability, so he was doing the things
that he was supposed to be doing.
So once he was done with the program, he had everything set up that he
needed to.
We kind of already mentioned this, but having a financial coach means
you have someone to help you reach your financial goals.
Or if you haven't set your financial goals, then you have someone you
can set your goals with.
Whether you are saving for a down payment on a house or saving for
retirement, you can set those goals and have your financial coach help
you reach those goals because they can create a plan to help you
achieve them and not only create the plan, but they give you support
and guidance along the way.
By having a financial coach, you can stay motivated and stay focused
on your financial goals.
Ultimately, the goal of working with a financial coach is to have
financial success in whatever area you want to and they can help you
make informed decisions about the best way to do that.
I really love seeing my clients accomplish their goals.
It is not only rewarding for them, but also for me.
I really love giving them support and guidance as they are going along
the path to achieving their financial goals.
I love seeing them take the action, do the work, and achieve the goal.
And with this new program that I have launched, I helped my clients
invest $79,150 in less than two months.
I think that is pretty incredible when you think about the fact that
most of them had no clue about investing in the stock market.
They didn't know what they were doing, and then they set up their
accounts, they invested their money, and then totalling that together
was over $79,000.
Another reason a financial coach can be worth it is that you get
personalized guidance.
Of course, you can Google questions about finances, about saving or
spending or budgeting or you can watch a YouTube about these things,
but are they really personalized to you?
You get that with a financial coach.
They know what your money situation is, they know what will be best
for you.
They can provide you with action steps to take that will work for you
because of your situation.
Not only that, a financial coach can provide education and resources
for you.
This can definitely help you improve your financial literacy, which
means you are going to just get better and better with your money.
They can teach you about investing.
They can teach you about saving, about budgeting, about spending,
about your mindset, about money.
They can teach on a number of different financial topics and then they
can apply it to your unique situation.
And they also know about a ton of of different resources out there.
There are different books that they have read or podcasts that they
have listened to or even different courses that they've gone through,
just different types of educational content and they can refer that to
you.
And speaking about educational content, I have a book that I released
recently.
It's called You Will Be Financially Free.
If this is something you're interested in, I will leave a link to my
book below in the description.
You can click on that and get a copy for yourself.
Another reason a financial coach can be worth it is because of the
stress reduction that you receive.
If you are really stressed about your money situation and you don't
have anyone to talk to about it, that is going to listen to you and
not judge you, that can be really, really stressful.
So if you have a financial coach that is willing to listen to you and
give you guidance in a non-judgmental way, but being completely
supportive, that is going to make a huge difference and reduce your
stress, they can help you come up with a better financial plan for
you.
Just having someone in your corner is always a nice feeling.
Another reason a financial coach can be worth it is because of the
time savings.
Managing your finances can be time consuming and many people struggle
to find time to manage their finances effectively.
A financial coach can help you set things up very quickly.
They know what processes and procedures that work, they can help you
quickly set up a budget or a spending plan or an investing plan, a
retirement plan.
They have different templates that you can use.
Having this time savings can be really important because it can go
back to the previous benefit of having stress reduced.
If you have someone else that is telling you or advising you on things
that will work best, it makes it a lot easier for you.
You're not spending a lot of time researching on the best way to do
it.
One thing that I've really loved is a lot of my clients have had a
401K plan or have a 401K plan, and they will bring those in and we
will take a look at the different options that are available inside of
their 401K plan, and then we will choose the best investments for
them.
And it takes very little time because of the knowledge I have about
these types of funds.
I did this with one of my clients recently and she put a post in our
Facebook group and she said, Tiffany helped me reallocate my
investment funds in my 401K three weeks ago.
Today my eyes just about popped out of my head when I checked it, and
it has increased by $9,000.
Thank you, Tiffany.
Baby steps to Financial Freedom.
I love seeing those types of comments and I love being able to help my
clients save so much time by helping them improve their financial
situation.
So is a financial coach worth it?
Well, if you are struggling in one of these areas that I have
mentioned, then it could be.
And just so you know, I have worked with different coaches on things
that I wanted to improve and I am glad that I did that.
It makes a big difference when you can get help from someone that has
either been in your situation or that knows how to help you.
We can ask our friends for advice, but they may not know the best way
to help us.
And sometimes we just don't want to share our personal financial
situation with our friends or even other family members.
So it's nice to have someone that is not involved personally in our
lives, be able to take a look at your full financial situation and
help you improve it.
And yes, of course, I'm going to plug myself if you do want to work
with me, make sure and check out my free masterclass.
The link is below and I provide an opportunity that you can work with
me.
Comment below and tell me if you have hired a coach before.
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Thanks so much for watching.
I'll see you in the next video.