I often am asked, what is financial coaching and how can it help me? These are great questions and I understand it can be hard when you are looking for financial advice to know what type of professional to ask. So, I think it is important to understand exactly what a financial coach can do for you.
What I Can Do:
As a financial coach, my job is to help you understand your finances and personal finance topics. Working together you will learn to evaluate your current situation, set goals, and better utilize your resources to reach them. The process is one of learning and self-discovery. It will lead you to make better and more informed financial decisions as you move forward. Through the process you will learn about different financial topics and develop problem solving strategies that you can use as other problems arise.
What Makes Me Qualified:
I also have a Masters Certificate in Family Financial Planning. This program included courses in taxation, investing, insurance planning, retirement planning, and estate planning. I bring all of this knowledge to my financial coaching sessions to help you understand your options and learn more about your finances.
What I can’t Do:
While I have some of the same knowledge as a financial advisor or financial planner, there are things that they can do for you that I cannot. I cannot invest your money or manage it for you. Instead, I will give you the knowledge and skills to manage it yourself or help you find a licensed individual to invest it for you. I also cannot draw up legal documents. I can help you understand why you need a will, or the different types of trusts that you could form, but for the documents themselves a lawyer is necessary. Finally, I cannot sell you any products. I do not sell insurance or any type of investment products.