Sixteen Reasons to Hire a Financial Coach

The financial coaching industry is booming, and there is mainstream enthusiasm for financial education like never before.

It used to be that only “money nerds” wanted to talk about personal finance. Today, everyone wants to talk about money and learn how to create wealth. In a society where money education in school is still largely missing, you may be wondering, “Should I hire a financial coach? Or, how could a financial coach help me?”

Here are sixteen reasons to hire a financial coach.

  • You’re earning money but you don’t know what to do with it
  • You need someone to help you uncover limiting beliefs around money
  • You need a personalized plan based on your situation, not a cookie-cutter solution
  • You feel overwhelmed by money
  • You don’t have someone to talk to about money
  • You are afraid of money
  • You want to buy a house
  • You want to work with someone who has created wealth themselves
  • You want to stop worrying about your future
  • You want to be prepared for taxes
  • You want to create another income stream
  • You want to communicate better with your partner about money
  • You need a spending plan you can stick to
  • You want to invest but don’t know where to start
  • You need accountability
  • You want to stop working one day and still have money coming in

There are many paths to wealth, and three reasons people fail when it comes to their personal finances.

3 Reasons People Fail When it Comes to Money

They don’t have a plan, strategy, or coach.

A coach is someone who will help you execute a wealth strategy based on your personal financial situation right now. Do you want to eliminate debt? Build savings? Grow your money? Get on the same page with your partner financially?

Is it hard to talk about money?

If you aren’t where you want to be financially, you’re not alone. Talking about money is taboo in American culture, and that makes it difficult to find an objective, honest, real-world environment to talk about what is really on your mind when it comes to money.

Personal Finance Has Many Components

Personal finance has many components including: marriage, taxes, business finances, savings, managing debt, real estate, getting loans, college planning, health insurance, investing, children, employee benefits, privacy, attorneys, consumer protection, divorce, insurance, retirement, and banking. Each contributes to your personal wealth plan.

What Questions Do You Have about Money?

What are people actually earning who do my job? Is my spending in line with the cost of living in my area? Do I need this kind or that kind of insurance? Should I have an attorney on retainer? Am I saving enough? Should I get more education?

Financial questions are endless and that’s why an experienced coach who can provide a safe, open, and non-judgmental space to talk about money can help you break through barriers that may be holding you back financially.

A Good Financial Coach Will Meet You Where You Are Financially

The most significant thing a financial coach does, and perhaps the greatest value they offer, is to analyze each of these components for you, and see them as a whole, then create a strategy that works for you based on where you are today.

Wealth is for everyone, including you. No matter where you are on your journey to wealth, know that you can be debt free and have money in the bank.

When I started out I had massive credit card debt. Today I am financially free. You can be too.

I created a FREE mini-course called Five Days to Financial Independence that will help you get started. You can sign up here.

If you are ready to take your finances to the next level and want to know if hiring a financial coach is right for you, complete a coaching application.

Do you have questions? Learn how you can get started with a free enrollment conversation.

Holly Morphew, AFC® is personal finance expert, coach, writer, and speaker based in Denver, CO. She is the CEO + Founder of Financial Impact, a specialized financial coaching practice that helps career-driven entrepreneurs and professionals create personal wealth and financial independence. She is the author of Simple Wealth, a #1 best-seller in wealth management, personal transformation, real estate, and women & business. Holly began teaching personal finance in 2006 as a service project with Rotary International, and received the prestigious “Rotarian of the Year” award for her work in financial literacy. As an Accredited Financial Counselor® with the AFCPE, Holly has also been recognized for “Bridging the Gap” for outstanding work in private practice. Her philosophy, “abundance is our natural state” is the core of Financial Impact programs, which help clients bridge behavior and mindset to realize their potential. In addition to personal wealth building, Holly also helps clients start and scale businesses and create new streams of income.

Hi! I’m Holly, the founder of Financial Impact and an award-winning financial coach. I help career-driven leaders and entrepreneurs create wealth, take the stress out of managing money, and feel confident and powerful when it comes to their finances.

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