What is financial coaching?
Financial coaching is designed to help you understand your finances; how you feel about them, what your current position is, what your financial goals are and how you can plan to reach. those goals.
There are always many, many things that we need and want our money to do for us. There are the big things like a house, a car, a big holiday, starting a family, retiring early and the less ‘sexy’ things like life insurance, income protection or where your workplace pension should be invested. BUT there is never enough money to do everything! And it can be difficult to figure out what you should be focussing on by yourself.
This is where a financial coach can be incredibly helpful. They should be looked on as a coach, a teacher and a trusted friend. They can help you clear through the myriad of things that you want to achieve or are worried about and get you focussed on what really matters to you, not anyone else, you. Then they will help you understand more detail on those issues that relate most to your financial priorities and develop a plan to follow.
What we won’t do is sell you a financial investment or product. That is where things step into the world of ‘regulated financial advice’ and that is not what a financial coach will offer. They will instead be aiming to provide you with the tools and knowledge to either manage your own investments or make an informed choice on who to choose as your financial adviser if that is the most appropriate next step for your financial plan.