What is Financial Wellness Coaching?
A holistic approach to help align your money habits with your life goals!
"What a sports coach is to a sport, a Financial Wellness Coach is to your Personal Finance".
We've helped our clients with goals to:
Kickstart savings and investment journey
Build wealth
Clear looming personal loans / credit card debt
Build a rainy day fund
Prepare financially for an emergency
Be financially independent
Take a sabbatical and pursue a passion
Travel the world
Start a family
Financially protect dependents
Buy a home
Balance personal and business financial goals
Get organized with money
And many more life goals with financial implications...
How is a Financial Coach different from financial advisers?
Financial Coaches partner with you to help you move forward with your financial goals...
Zoom out and view the big picture of where you want to go with your money
Learn about your current money situation, your values and money beliefs
Zoom in and design action towards your financial goals, with follow-through and accountability
Financial Coaching is not therapy, counseling or financial advice.
Our Financial Coaches empower you to make your own financial choices and discern the world of financial advice and products yourself. They partner with you without the intention to sell you financial products - they ensure every session is focused on YOU.
Financial Advisers, on the other hand, manage your money for you and, most often, recommend and sell financial products in the process.
This excerpt from a blogpost by Garrett Philbin in Michael Kitces' Blog Nerd's Eye View explains it well:
"Financial advisors tend to focus on implementing financial products and strategies, while financial coaches focus more on the basics of personal money management, behavioral change, and accountability to a client-driven spending plan. And, while financial advisors most commonly help to manage wealth that already exists, a financial coach’s job is to provide a client the knowledge, skills, and behaviors that will help them build wealth in the first place.
Another major difference between financial coaching and advising is that coaches typically have no tie-in with products at all; they do not manage investments, nor sell insurance. Financial coaches might educate clients on the basic concepts of insurance, investing, diversification (which isn't financial advice, by the way), but never provide specific recommendations on where to invest (which is financial advice)."
Flow of the Financial Coaching Sessions
Feeling any of this?
Feel like you want to align your money with what matters most to you?
Feel like you want to get cracking on your financial goals?
Feel like you're getting stuck somewhere with a money goal and need help overcoming the obstacle?
A Collaborative Approach
Financial Coaching is a partnership focused on YOU.
Financial coaches use deep non-judgmental listening, reflective questions and financial coaching tools to help you maximize your potential to make financial choices and meet life goals.
Speak your Heart
Where do you want to be?
Knowing the deeper motivation- the WHY- of your goals can help you stay on track to achieve them.
A Financial Coach can hold a confidential space for you to be open and honest about what is most important to you in life. Your dreams, your aspirations, your goals, your values, your purpose.
Because most of us don't have financial goals. We have life goals with financial implications.
Take Stock of the Present
Where are you now?
By partnering with a financial coach, you can learn where you are now with your life and money.
Taking stock of your money beliefs, money experiences and financial statements can help you bridge the gap between where you are and where you want to be..
Design your Future
What do you need to do?
Having a financial action plan will help you stay committed and motivated!
A financial coach can brainstorm with you to help you build your action plan and provide support, follow-through and accountability, on your request.