What is a financial coach?

A financial coach is someone who will use their expertise to work with you on managing your money better, making good financial decisions, and improving your own expertise about what your money can do for you.

For me, that is all about using your existing money and assets along with your income, to create a life that you truly love.

Financial coaches ARE NOT financial advisors (also known in the UK as IAFs, short for independent financal advisors).  A financial adviser is someone who helps you build your wealth and manage your money by recommendations for products/services, tailored to your needs.  So if you go to an IAF saying ‘I have X amount a month that I want to invest’ they can absolutely help you with that.  But IAFs don’t support you with the bigger picture and financial philosophy approaches of what to do with your money long-term.  Or generally they don’t: the ones I know of that DO, do so through a separate financial coaching business.

A financial coach is someone who helps inform and empower people so that they feel confident enough to make their own financial decisions.

In the UK, a formal qualification isn’t required to be a financial coach, although I am hoping that changes in the future.  I personally am certified by YNAB, and I have been mentoring and coaching people in the theatre industry for many years.

In my coaching business, I tend to have a fairly good mix of working with people on their bigger picture money situation, and also on using the YNAB software to maximise their day-to-day financial experience.

If you want to speak more about your situation, and see what my approach to personal financial coaching can do for you, then you can book an Intro Call.  Working with a financial coach is an investment in yourself and in your future, and making sure that you’ve got the right person to work with is an important part of the decision to spend that money.