If you’re struggling to get a handle on your finances, you might want to consider working with a money coach. A money coach can help you develop a budget, get out of debt, and make better financial decisions, but that’s not all they do. If you’re not sure that working with a money coach is right for you, check out this blog post. We’ll explore what is a money coach and why do you need one for your financial wellbeing. We’ll also explore what they do, the benefits of working with a money coach to improve your finances, and why you need one for your financial wellbeing.
What is a money coach?
So what is a money coach? A money coach is someone who helps you with whatever you are struggling with at the moment, manage your finances and make smart money choices. Money coaches help you look at your finances from a holistic perspective. They help you save money, guide you to pay off your debts, provide guidance on how to improve your financial well-being and how to live a financially healthy lifestyle.
To understand what a money coach does, let’s first be clear on what they DON’T do.
What A Money Coach Does NOT do?
A money coach does not manage your investment for you, they don’t give investment advice or financial advice. They do not recommend or sell financial products such as insurances. They do not manage and control your assets and they certainly do not manage your money for you.
Now that we are clear on what money coaches don’t do, let’s explore what they do instead.
What Does A Money Coach Do?
Money coaches focus on transforming your relationship with money. They will work with you to help you transform your money mindset, identify unwanted behaviors and unconscious patterns and look at your money scripts so that you can make a conscious decision to change them to bring forth financial wellbeing and success.
They can help you take control of your finances, reach your financial goals and create a brighter financial future. So how do they do that?
As money coaches, we look at the behavioural aspect of money and your relationship with money. We all know it’s never about the money, the numbers or the dollar figure, it’s all about the way you relate to money.
We look at your values, your goals, your unconscious patterns, your sabotaging behaviour, your unconscious agreement to money and your money script.
As money coaches, we bridge the gap between where you are now financially and where you’d like to be. We uncover the deep unconscious self-sabotaging behaviour and money blocks so that both your conscious and your subconscious are in alignment to bring you what you desire most.
If you want to understand why you do what you do with money or If you’re ready to take control of your finances and achieve your financial goals, working with a money coach is a great option.
Benefits of Working With a Money Coach
- Increased self-awareness around your money behaviour.
- Increased financial knowledge and confidence.
- Awareness of your money archetypes and how they sabotage your life.
- Increased Emotional Intelligence relative to money.
- Financial and Emotional strategies to create long-lasting transformation.
- Eliminate money blocks, limiting beliefs, and unwanted behaviours.
- Increased financial wellbeing and overall life satisfaction.
- Maximise your potential and financial outcome.
- Set better financial goal and accomplish them faster.
- Improved mental and physical wellbeing.
- Less stress more financial peace of mind.
- Increased personal power and financial empowerment.
- Increase self-worth and self-esteem.
- Improved reltionship with money.
- Better communication with your spouse or other family members.
- Clarity on how to better manage your finances.
- Increased confidence and resilience.
- Someone who actually listens to you and understands you on a deeper level.
- Better relationship with your entourage.
- Create a brighter financial future for yourself and your family.
These are just a few of the benefits, the list of benefits can be twice as long and I can keep going but I think I’ll leave it at that.
Why You May Need a Money Coach?
You may need a money coach if:
- Your finances are not where you’d like them to be.
- You are over-working and under-earning.
- You have experienced financial trauma and financial stress.
- You have financial worries and insomnia.
- You have negative thoughts patterns around money.
- You have a fear of spending money.
- Your have an implusive behaviour around money.
- You feel blame, guilt and anxiety around money.
- You want to get out of debts but don’t know how.
- You want to save money but can never save pass a certain limit.
- You have low self-esteem and lack self-worth.
Again the list can get quite long, I’ll leave it at that, but know this, behind every single problem you’ve ever had, there is always an underlying money problem.
How to find a money coach that’s right for you
If you are considering working with a money coach, make sure you understand what is a money coach first and it is essential to find one that is right for you. You may want to make sure that the coach you choose has the experience and expertise in the areas you need help with. If you feel you need help with your finances, why not give us a call to see if we are a good fit for you. You can contact us here and book a FREE 20 minute Coffee Convo Chat, we can explain in more details what is a money coach and if you need one.
Takeaway
We hope this article has explain in detail what is a money coach and how a money coach can be one of the best allie to have in your arsenal of professionals. They can help you in so many different ways from the practical money issues such as budgeting and cashflow to the behavioural money issues like limiting beliefs and unwanted behaviours like overspending. With a money coach by your side, you’ll be much more likely to achieve financial success. You can look for more information about what is a money coach.
