Many of us know exactly what we SHOULD be doing with our money. Then again, maybe we just think we should know. Either way, there are a lot of people out there struggling to make ends meet and simultaneously plan for the future, no matter what our financial education or best intentions would indicate. There is something missing in the equation. You might recognise it if you have a budget but you keep cheating on it, or you intend to throw extra repayments on the mortgage but….well, you’ve been busting your gut at work and you deserve a little treat (and you probably do deserve it!). But that mis-match between our knowledge and our actions can really cost us in the long run. That can be frustrating! Maybe it looks like trying to manage your finances with your partner who sees money in a completely different way to you and you just can’t seem to get on the same page.
Whatever it is, I think we can all acknowledge that money is not linear and how we spend it isn’t always about the maths. It’s complex.
Let’s face it, knowledge alone isn’t enough – if it were, most of us would have our finances in order by now. The truth is, managing money effectively requires more than just understanding the principles. It demands a shift in mindset, habits, and accountability. This is where an unlikely strategy can come to the fore and really make a difference – Money Coaching.
Money Coaching is in it’s infancy as an industry in Australia. But the rising demand for these services is a testament to the value they offer, making Money Coaching an industry that deserves attention and consideration.
What is a money coach?
A money coach is a professional who possesses a deep understanding of personal finance, enabling them to provide tailored strategies that empower individuals to take control of their personal finances. With their expertise and personalised guidance, they can provide the structure, support, and motivation needed to break free from financial struggles and frustrating behaviours when it comes to money.
A good coach will look at your money mindset, the messages you have received about money in the past that come out in your behaviours today. They can unlock the key to habit change and give you strategies that finally move the needle to align your behaviours with your intentions. And if there is a gap in your financial knowledge they can address that too. They don’t just crunch numbers; they delve deep into your money mindset, uncovering the hidden archetypes that shape your financial decisions. With this holistic approach, they craft a personalized roadmap that aligns your goals with your core values.
Money coaches fit perfectly into your professional financial services suite. They are literally for anyone wanting to improve their individual relationship with money.
So it shouldn’t be underestimated, the power of having a dedicated coach in your corner, holding you accountable and empowering you to make smart choices with your money. Investing in a money coach could be the game-changing decision that transforms your relationship with finances forever.
Benefits of money coaching:
- Understand your money story and rewrite your financial future
- No longer repeat unhealthy money patterns that have been holding you back
- Scheduled time and space to sit down, look at what you have, think about what you want to achieve over the next couple of years and create a solid foundation to build upon.
- Motivation and accountability to move toward your goals.
- Education – provide you with resources that assist you to make informed choices about your financial future.
- Grow a healthy relationship with money that bears real fruit for years to come.
- Gain clarity and confidence to improve your current financial situation.
- You can start with as little as you like, you don’t need to have thousands of dollars to invest to access a money coach. Start wherever you are.
Next Steps
If you are ready to get control of your choices with money and set goals that launch you toward financial freedom book a 15 minute Free Consult here and one of our Money Coaches will be more than happy to answer your questions.