Financial Coaching
We have noticed that a lot of our credit repair clients keep getting into the same financial mess over and over again. Which then makes them even more frustrated and desperate than before. So as an option, we offer Financial Coaching to help them learn how to manage their finances.
What is a Personal Finance Coach?
A personal finance coach is a professional who helps individuals understand their financial situation, develop money management skills, and create plans to achieve their financial goals, focusing on education, support, and accountability rather than providing investment advice.
Key Functions of a Personal Finance Coach:
- Education and Empowerment:
They help clients understand essential financial concepts and strategies, such as budgeting, debt management, saving, and investing.
- Goal Setting and Planning:
They assist clients in setting realistic financial goals and creating plans to achieve them.
- Behavioral Finance:
They help clients identify and address money-related behaviors that may hinder their financial progress.
- Accountability and Support:
They provide ongoing support and accountability to help clients stay on track and make progress towards their goals.
- Focus on Financial Health:
They emphasize financial well-being and building a positive relationship with money, rather than solely focusing on wealth accumulation.
- Financial advisors
Typically provide investment advice and manage client portfolios, while financial coaches focus on education and skill-building.
- Financial advisors
Often charge fees based on a percentage of assets under management, whereas financial coaches typically charge a flat retainer fee or an hourly rate.
- Financial coaches
Are not licensed to provide financial advice, while financial advisors are.
If you have an interest in our help with your financial education, please call us to set up and appointment at 888-732-5101, or email us at info@goldcreditfinancialllc.com