Top 10 Benefits Of Financial Coaching
Having A Financial Expert On Your Side Has Many Advantages…
Modern life has become increasingly complex…
- There’s too much information to be an expert at everything.
- There is more to do than time available to get it all done.
- The more we try to accomplish the less time we have for connecting to our primary relationships.
- Technology promised to free our time, but instead if feels like another thing added to an already over-busy to-do list.
The sense of frustration has become epidemic, and nowhere are these problems more prevalent than with personal finance and investing. Building wealth is a confusing, complex, big elephant to swallow. Where are you supposed to find the time to become a financial expert and learn what is necessary to build your wealth?
“As life gets more frenzied, people are struggling to find balance and purpose. A coach simply helps you realize a more fulfilling and harmonious life, faster and easier.”– Dayton Daily News
Hiring a financial coach provides a competitive advantage by leveraging your time with specialized financial expertise that cuts through the clutter, confusion and contradictory information by teaching you only what is relevant – efficiently, and with a minimum of hassle.
When you leverage your financial coach’s expertise you bridge the gap between information overload and effective action so that you can convert all the work you are already doing into meaningful financial results. It’s a smart business strategy that produces greater financial success with less effort.
Still not sure? Consider the following 21 most popular benefits of financial coaching and read the actual client testimonials next to each benefit so you can see these are real people getting the actual benefits described…
1. Customized, Personal Wealth Plan
The first step in financial coaching is to design a strategic wealth building plan that capitalizes on your competitive advantage. It is based on your unique skills, values, resources, and interests, and it includes at least two of the three paths to wealth – paper assets, real estate or owning your own business. It will be carefully engineered over a period of weeks thus providing a road-map to wealth so that you know exactly where you are going and have your hands firmly on the wheel.
“When we started financial coaching Todd assessed our personal situation and helped us realize our goals were within reach now. We thought we needed to take five steps to get there, but instead we just focused and got it done. In less than six months we had our first major deal and we have a realistic plan to be financially free within two years or less. Todd’s coaching was invaluable, and best of all it never really cost us anything because just one tip he gave us on our last deal saved more than enough money to pay for all the coaching thus far.”– Eric and Jeni Kurowski; Owners, CCR Storage; Willis, TX
2. Consistent Results
Having a plan of action is only half the battle: moving consistently toward the desired target is the other key to success. The weekly accountability provided by financial coaching maintains focus so that procrastination is eliminated and life distractions no longer get in the way. You get more done every week thus producing consistent results.
“The weekly call format of coaching keeps me focused. Every week is an opportunity to create enough value to pay for a year of coaching.”– David Anderson, Retired Investor; San Francisco, CA
3. Increased Efficiency
Eliminating wasteful distraction is how you make room in your busy life for more focused action on your wealth plan. The key is to eliminate clutter and focus primarily on the critical issues thus increasing efficiency. Clarity is power.
“The impact on me has been tremendous. I’m more “aware” now of my financial decisions and make conscious decisions about them. Rather than zero savings and increasing debt I’m now saving over $1,000 a month and my credit card bills are being paid off each month (funny how all that money seemed to disappear in the past), and I’m spending more time increasing my financial knowledge.”– David Anderson, Retired Investor; San Francisco, CA
4. Reduce Mistakes
The brainstorming and vetting process during financial coaching helps you avoid mistakes and control procrastination on the difficult issues that cost you big time. With an experienced coach as your collaboration partner you benefit not only from your coach’s personal experience, but also the experience of hundreds of clients that walked the path before you. Why learn from your own mistakes when there is a better way?
“Because of your expert advice and experience in risk management, you saved me $40,000 in losses on a real estate investment. Having you as a financial coach is one of the best decisions I’ve ever made!”
“The course took me through the very difficult process of discovering my true self, helping me to identify and face the weaknesses and misconceptions I had developed over the years – not only about finances, but about other aspects of my life as well. The course gave me the tools I need to start on the path to financial freedom and to living the life I truly desire, living purposefully in all aspects. I know that what I have gained will affect me and the my family in a positive way for the rest of my life.”
5. Lasting Change
Financial coaching works from the inside-out revealing the root causes of financial problems thus providing lasting change. It is not a “seminar high” or “feel-good” process that results in a temporary fix. Instead, it works at a deep level to produce change that will benefit you long after the coaching relationship ends.
6. Personal Confidant
Each regularly scheduled financial coaching session provides a confidential forum with an expert dedicated exclusively to your agenda (without a conflicting agenda). You will enjoy private, non-judgmental conversations that challenge you to play smarter without telling you what to do. Many clients consider these coaching appointments sacrosanct because it is the only time where you work exclusively on your vision and goals with no distractions or conflicting interests.
“I just want to say how awesome it is working with you. To find a mentor with actual business experience, real estate, and financial background is huge. Not only that but your value to living a balanced life with your family. In the past I had become frustrated looking for a mentor with just one of these traits, much less to have the ability to teach and really mentor on top of that! … I can honestly say that in this last year I have made 20 times the amount I have paid you, and I fully expect this number to keep growing…”–
7. Greater Happiness and Balance
You are a congruent whole: there is no separating how you do the small things from how you do the big things. For that reason financial coaching explicitly works on financial goals while also positively impacting your whole life – including relationships, health and much more. The result is increased self-awareness so that you integrate all aspects of your life into a balanced, cohesive plan. This reduces conflict and increases happiness.
“I hired Todd for financial coaching, and I learned very quickly that I would benefit in several other areas of my life as well. In just five weeks it has already been a life changing experience. Todd has taught me to look at time and money with a whole different mindset. He has also given me the tools I needed to build stronger relationships with my spouse, business partner, friends and family. I am already seeing results…”– Shelley Canario, Independent Real Estate Agent; Gilroy, CA
8. Accelerated Growth
Everything is either growing or dying – no exceptions. You start coaching because you want change and change means growth. Coaching provides a supportive environment for accelerated growth where risk is carefully managed to help you stretch to your greatest ability – without additional stress.
9. Better Problem Solving
Problems and obstacles are a natural part of growth: you can’t have one without the other. Financial coaching provides an expert brainstorming partner that sources your inner wisdom helping you identify critical factors and locate best solutions. Your financial coach serves as an outside observer helping you make course corrections, avoid detours and see opportunities you otherwise might have overlooked.
“Your questions cut right through that little voice of doubt in my head and helped me get clear on the skills and thinking processes I need. My financial goals are no longer just a pipe dream. Now I have a road map of where I need to go, and I know how to get there.”– Jane E. Latimer, M.A.; Owner, The Aliveness Experience; Denver, CO
10. Creative Alternatives
Success seldom results from following conventional wisdom, but unproven paths can be risky. It’s an art form to match creative alternatives to changing times so that you produce a competitive advantage instead of a foolish dead-end path. You financial coach stands above the forest while you cut down the trees so that he can challenge old, ineffective belief systems by introducing more productive alternatives while also keeping you on track toward your goal without getting lost in meaningless diversions.
“I can’t remember the last time I had someone blow my head off my shoulders like you did today on both the creativity and portfolio/finance topics. I really appreciate your help.”– Ken Turek, Attorney; San Diego, CA