Why do I need a financial coach?
Why do you need any professional in your life, whether they be a doctor, dentist, accountant, lawyer, or financial coach? Because specialized professionals have the education and experience necessary to help you navigate through the potential pitfalls of life. Using a financial coach gives you the knowledge and motivation to reach your financial objectives.
Why can’t I just use salespeople to get free information?
Financial sales people will share financial information with you in anticipation of you buying a product from them. What people need is a specific, objective, unemotional, third party perspective on how they can obtain their objectives.
What will my first meeting with you be like?
After our initial consultation, if you desire to pursue financial coaching, we will start with a block of four sessions. The pace of the sessions will be consistent with how fast or slow you would like to progress. We will start with building a financial profile, where we take into consideration your net worth, your cashflow, your family dynamics, your tax situation, etc. From that coaching, I’ll be able to tell you the kind of monies you can save or make based on what your objectives are and what your timeframe is.
How long will it take me to achieve my financial objectives?
It will take as much or as little time as you would like. It depends on what you want to emphasize and focus on. We take a very realistic approach to what makes sense for you, based on your cash flow and your lifestyle.
How can I tell if I would benefit from financial coaching?
You will be able to tell at the end of our strategic coaching session if you will benefit from financial coaching. It doesn’t matter what your net worth or cash flow might be. The main question is: are you ready to be coached? If you are ready to do what needs to be done to meet your financial objectives, then you will benefit from financial coaching.
What makes you different from a financial advisor?
I am not an advisor. I am a coach. As a coach, I teach and guide my clients to help them reach their financial objectives. There are five things that a person should look for when working with a financial professional:
1. What is their level of education? In addition to a college and graduate degree, are they continuing their education.
2. What is their objectivity? Are they truly interested in what’s best for you or are they simply trying to sell you a product or idea that they think is important.
3. Compensation. How are they paid? Are there sales commissions involved? Are they willing to disclose exactly what the cost will be in working with them?
4. What is their experience? You can’t teach experience. Either a person has decades of experience in a specific field, or they don’t.
5. Where is their loyalty? Is it to you, the client; or is it to another organization, company or product that they are affiliated with?
1. What is their level of education? In addition to a college and graduate degree, are they continuing their education.
2. What is their objectivity? Are they truly interested in what’s best for you or are they simply trying to sell you a product or idea that they think is important.
3. Compensation. How are they paid? Are there sales commissions involved? Are they willing to disclose exactly what the cost will be in working with them?
4. What is their experience? You can’t teach experience. Either a person has decades of experience in a specific field, or they don’t.
5. Where is their loyalty? Is it to you, the client; or is it to another organization, company or product that they are affiliated with?
"There is no dignity quite so impressive, and no independence quite so
important, as living within your means."
- CALVIN COOLIDGE
important, as living within your means."
- CALVIN COOLIDGE