Financial Coaching Vs. Financial Advising

What is Financial Coaching?

A Financial Coach is someone who acts as a mentor, guide, and personal cheerleader when it comes to your finances. I can help you overcome obstacles that you are facing when it comes to finances. If you have made money mistakes, we can work together to come up with a plan to get you back on track. If you are just starting out, we can do it right so you don’t make mistakes in the future. If you find you have mental or behavior patterns that undermine your financial goals, we can bring those out into the open so you can get past them. I can help you come up with a budget that isn’t overly restrictive, or plan for long term goals. We can figure out how to work to get your debts paid or at least manageable.

What is the difference between a Financial Coach and a Financial Advisor?

A Financial Advisor is a licensed professional whose job it is to advise you on where to put your money, and then help you manage that money in hopes that it will grow over time. They sell you specific products based on your life and retirement goals. They can manage retirement portfolios and often sell insurance products. They can help you invest in the stock market.

A Financial Coach is more about teaching you ways to empower yourself around money issues. We will not try to sell you specific financial products, other than a coaching program. We won’t take your money and invest it. That is the Financial Advisor’s job. We won’t tell you where to put your money, but we can tell you what options are available so you know what to research before making a decision. Our job is to help you find out what your money goals are, and help you create a plan to reach them via everyday techniques and personal insight. We provide resources for information and tools, and we encourage and support you along the way to becoming financially savvy and confident.

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