Money is the number cause of stress in America. When you are stressed about money, in debt, feel like you are living paycheck to paycheck and embarrassed about all of it, the last thing you want to do is pay a lot of money for someone else to tell you how crappy you are with money
Jill, our lead financial coach, was actually one of our clients about 6 years ago so she knows first hand how scary and hard it is to make a decision to hire a financial coach. Now 6 years later she has paid of thousands of dollars in debt and improved her net worth by about $275k and felt such freedom with her money that she wanted to become a financial coach herself!
In this episode of The Saver and The Spender, Jill explains her story of hiring Kelsa as her financial coach and why it was the best decision in her life.
Notes from the Episode:
- Hiring a coach, especially a financial coach, is never an easy decision and up front seems like a big time expense but will more than likely be the best investment you can make
- A financial coach is basically a personal trainer for your money. Think about the results (or lack there of) people get when they try to get in shape on their own compared to the amazing results that most people get when they work with a personal trainer
- Our job as a financial coach not to judge you or your financial decisions but help you understand your values and goals and how they relate to your finances.
- Paying off debt is a great goal for your finances and can totally be done on your own but there are other decisions that need to be made and optimized with your short term and long term finances that financial coaches can help you make.
When you should consider hiring a financial coach:
- You pay off debt but wind up right back in debt
- You put a good amount in savings but unexpected whammy expenses keep draining your savings
- You feel like you live paycheck to paycheck but make good money
- You try to pay off debt with the Debt Snowball method but keep losing interest
- You feel that you are actually really good with your money but you have some big goals and want help reaching these goals as quickly as possible
Want to learn more about time blocking? Here are a few resources to get you started:
- RELATED BLOG POST: How to budget
- RELATED BLOG POST: Why you should work with a financial coach and a financial advisor.
- RELATED BLOG POST: How is a financial coach like a personal trainer