We are financial coaches, so it’s probably a given that we like numbers more than the average person. So here are a few surprising ones:

Fantasy sports league are a huge business, and honestly, a lot of fun. So we’re not here to tell you to ditch fantasy sports league and put your money toward something else. You can’t leave your league hanging like that, right? But if you have spent any time putting together or managing a fantasy football team, you know the importance of having a strong, diverse team with varied talents and skills. And if you are one of the people who are on average losing an entire work day each week managing your fantasy team, we would like to ask:

How much time do you spend drafting your Fantasy FINANCIAL Team?  

Most of us are not experts at everything. When we’re extremely proficient in one area, we may be “not so good” in another. I’m the first to tell you that I’ll stick with numbers all day. When it comes to words, I fall short. I have some amazing people in my corner who help me translate my financial knowledge into words you want to read — a freelance writer, a proofreader, and a graphic designer to name a few. I’m totally comfortable asking for help from other experts because I know I can’t be an expert in everything. I stick to what I know.

Money can be a complicated topic, and I cannot stress how crucial it is for you to have a team of people behind you. While it’s great to have a financial coach in your corner, we view ourselves as a resource — not THE resource — for your money. We work best when we’re part of a team.

Are you missing key players?

If you want to draft your dream fantasy financial team, here is a good starting line up:

A Financial Coach 

Okay, you had to know this was going to be #1 on my list. 🙂  Life is a rollercoaster, and it’s helpful to have someone who isn’t emotionally invested with your money to help you navigate the ups and downs of your decisions. As the name implies, this person is your coach with a focus on the fundamentals, your financial goals, and your overall financial well-being. A financial coach will help you set goals for your money and then devise a plan for your to achieve those goals, whether they are paying off debt, saving a downpayment on your dream home, or getting on the same page about your finances with your spouse. A financial coach will be there to help you manage the day-to-day expenses while keeping you accountable to reaching your long-term goals.

Financial Advisor 

Where a Financial Coach holds you accountable to the goals you have to your money and keeps on top of your monthly and short term expenses, your Financial Advisor helps you plan for the life you want to live once you’re close to retirement and beyond.  They have a “big picture” approach to you and your money. Think of this professional as your Quarterback – you don’t wait until late in the season to choose your QB right?

Accountant

It’s unbelievable to me just how many of life’s decisions are impacted by taxes. Keeping with the football team analogy, your CPA is the center position on the offensive line. It is his or her responsibility is to block as many attacks by the defense as possible. They block taxes!

My financial advisor and my accountant are the two professionals I call most often. I have an incredible relationship with them and would not have a successful financial team without them. They are both vying for MVP every season.

Mortgage Broker and Realtor

Think of these individuals as players on your special teams. They are crucial in clutch plays. You may not call on them every quarter but when you do, you need them to perform perfectly. Most often, people will call on their mortgage broker or realtor when they’re looking to make financial moves that involve their biggest asset – their home.

Attorney

Attorneys can specialize in many areas of the law. You want an attorney on your team who can help with a number of issues that may arise – estate planning, real estate, or tax advice, but at least you should have someone who can help you with your will or trust. Think of your attorney as the manager of the team. They face the media for you, i.e. make sure you’ve dotted your Is and crossed your Ts.

Insurance Agent 

Does your agent know how you live your life so you can be sure you’re protected accordingly? Do you feel protected? Does your insurance get reviewed/discussed annually? Your insurance professional acts as the safety — you hope it doesn’t come down to him, but if it does, he’s got an important job to do. He’s your last hope. Needing your insurance means something bad already happened, you don’t need the hassle of dealing with a bad insurance company on top of it.

Career Coach 

The typical American’s tenure with his or her current employer is 4.6 years. Unfortunately, you’ll likely experience a job change or loss at some point and having someone help you through this stressful time is essential. Wouldn’t it be helpful to have a career coach walk you through how to ask for a raise or throw in for a promotion? This expert is a professional scout, except they work for you.

If you haven’t updated your resume in 5 years, don’t attempt it alone. It can be incredibly hard to be objective when it comes to your own work experience. You don’t want to over or under-sell yourself. A career coach can help you identify your next career move and then put your in the best position to receive an offer.

Doctor, Personal Trainer and/or Health Coach

Being unhealthy is really expensive, so find someone who motivates you to live a healthy lifestyle. You’ll earn back that money and then some over your life time. Healthy people make about 28% more than unhealthy people over their lifetime. Think of these individuals as your defense, and as we all know “Offense wins games. Defense wins championships.”

Personal Banker

If you walk into a big bank, you may see a different banker every time, meaning you never have one contact there who knows you or your history. Your local bank or a credit union will likely have a different customer service model than a local branch of a bigger national bank. This person is your administrative back office. They handle things behind the scenes and the less you see them, the better the job they’re doing.

One Team, One Goal

When you’re drafting your team, you want a diverse set of players, but they should have a few commonalities. You want your financial fantasy team to be made up of a group of people with whom you can communicate freely and trust completely. These are the people who have your best interests — financially and personally — in mind. And it’s perfectly OK to be picky when it comes to these people.

You want to be selective when it comes to drafting your team. That means doing your research, talking to prospects, and figuring out everyone’s respective strengths. When drafting professionals to your team, ask yourself the following:

  1. Do I feel comfortable discussing my hopes and dreams with them (no matter howcrazy these may seem)?
  2. Do I feel comfortable asking questions (even if they seem stupid)?
  3. When they explain things, do their answers make sense to me?
  4. In order to motivate me to act, do they appeal to my emotions by using scare tactics or a promise for a better future (or do they use facts and evidence)?
  5. Do they try to tell me that “things are too complicated for me to understand”? (If so, run because it’s their job to help you understand.)
  6. Can we relate to each other?
  7. Will they be here for me in 5, 10, or 15+ years?

With the right team of professionals, you will be ready to tackle most things life throws at you. Knowing that you have a group of experts at your disposal who can provide advice and insight into the money topics related to their speciality is an incredible and freeing feeling. So be confident you’ve got the right team. They’re going to be the ones standing next to you and hoisting that trophy at the end of your season.