The Cost Of A Financial Coach: Rates & Fees
The cost of financial coaching can vary wildly, but this article will give you an insight into the considerations and cost structures are often used.
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Do you dream of becoming debt free, growing your income, or investing for a brighter future? It’s time to stop dreaming about financial peace, and start living it.
Whatever your ambition, we can help you create financial goals and stick to them.
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Financial coaching services
Debt management
If you're struggling with debt, we're here to help. Our coaches will work with you to develop a debt repayment strategy that fits your budget and lifestyle, helping you pay off debt faster and save money on interest.
We'll put you on the path to becoming debt free.
More about debt coaching >
Investing
At Money Stocker, we believe anyone can become wealthy, no matter where you are starting from.
We are committed to making investing accessible to all - not just the mega rich.
Passive investing has proven over time to be an effective strategy that truly anyone can follow:
1) It's simple to set up & requires no ongoing work.
2) It's cheap (fees are the enemy in investing).
3) It has performed well historically.
Past performance is no gaurantee of future results. With that said, historically, you can outperform even the professionals over the long term with this winning strategy.
More about investment coaching >
Budgeting
Trying to budget without the tools and knowledge to do it well can be overwhelming. Especially during these difficult times, it might feel like it is impossible to make ends meet.
We can help you gain a clear understanding of your income, expenses, and cash flow with our budgeting and cash flow management tools. We'll help you identify areas where you can save money, prioritize your spending, and achieve better financial balance.
More about budget coaching >
Money mindset
We believe that financial success is about more than just numbers on a balance sheet.
That's why our coaching program takes a holistic approach, addressing not only your financial goals but also your values, beliefs, and behaviors around money.
By helping you develop a healthy relationship with money, we empower you to make smart financial decisions that align with your long-term goals and aspirations.
Money should not be a source of stress, but a tool for success.
More about money mindset coaching >
And so much more...
Financial coaching can address a wide range of needs and goals. Here are some common use cases.
Why choose financial coaching
"64% of Americans wouldn't be able to come up with $1,000 if they needed it in the event of an emergency"
National Foundation for Credit Counseling
Survey of 2,700 americans (NFCC)
Personalized to you
We are all in different financial situations. We all have different finance & life goals.
Unlike generic financial advice, our coaching program provides personalized guidance tailored to your unique financial situation, goals, and values. Our coaches take the time to understand your individual circumstances and create a customized plan to help you succeed.
Accountability and support
It’s easy to set financial goals, but sticking to them can be challenging. Our coaches provide the accountability and support you need to stay on track. Whether you’re paying off debt, saving for a major purchase, or planning for retirement, our coaches will be there every step of the way to cheer you on and keep you motivated.
Expertise and Experience
Our team of experienced financial coaches brings a wealth of expertise and real-world experience to the table. With backgrounds in financial planning, investment management, and personal finance, our coaches have the knowledge and skills to help you navigate even the most complex financial challenges.
Transformative Results
The proof is in the pudding. Our coaching program has helped countless individuals and families achieve financial freedom, reduce stress, and create a brighter financial future. Whether you’re looking to get out of debt, build wealth, or achieve financial independence, our coaching program can help you turn your dreams into reality.
Interested? Start with a free consultation
Learn more about money coaching
We have a range of articles to help you understand what financial coaching is, how much it costs, and whether it is worth it. Hint – it is!
What Is Financial Coaching?
As a financial coach, it’s strange to me that this essential service is still relatively unknown, undervalued, and misunderstood. Let’s take a peek under the hood of financial coaching.
Is A Money Coach Worth It?
As a still relatively new phenomenon, people are rightly questioning whether money coaching is worth the cash. Let’s explore!
One-on-one financial coaching: how it works
Usually, we work with you one-on-one to address your specific financial situation, but it can be in couples or as a family too.
During the initial consultation, you’ll meet with your coach to discuss your financial goals, challenges, and concerns.
Then, your coach will begin to develop a personalized financial plan tailored to your goals and circumstances. They will introduce you to foundational financial concepts and strategies, such as budgeting, debt management, savings, and investing, depending on your needs and objectives.
Your coach will provide ongoing support, guidance, and accountability as you work towards your goals, helping you stay motivated and on track.
This is just a taste of what financial coaching might involve, but no two people are the same, and no two people’s finances are alike. One-on-one financial coaching allows us to tailor a strategy to you.
The cost of financial coaching
Paying for financial coaching may be a tough decision, especially when you are not confident in your current finances. But financial coaching may be the best investment you ever make.
What you will learn through our coaching is that even small changes to your financial habits can add up to life-changing amounts over time. This return-on-investment can make it extremely worthwhile.
The cost of coaching can vary greatly depending on your needs. That’s why we offer a free consultation initially, so you can decide if it’s right for you.
We may charge a flat rate that includes several sessions, or they may an hourly rate for each session. Generally, though, financial coaches will work with you to make recommendations based on your needs.
Financial coach vs. financial advisor
Financial advisors primarily focus on managing a client’s assets on their behalf. Financial coaches on the other hand are focused on helping the client effectively manage their finances on their own.
This is a vastly superior strategy, as for the majority of the population, a financial advisor will not provide a good return on investment. Their fees are simply extortionate for what they deliver.
Indeed, the main difference relevant here is the cost.
For most financial advisors, it’s simply not economical to take on a client unless they can charge over $1,500 (be that in fees or commission). That is the level at which they start to make a profit.
This means that financial advice is simply out of reach for most of the population, which simply isn’t fair. At Money Stocker, our coaching and advice is to help bridge that gap.
Financial freedom is for everyone, not just the super-rich.
Financial coaching near me
If you’re looking for a ‘financial coach near me’ on your search engine, know that you need not limit yourself to coaches in your proximity.
Financial coaching can be done virtually from the comfort of your own home, over the phone or a video call. It’s more efficient, it keeps costs lower, and opens up a world of choice.
So don’t limit yourself to the potentially poor choices that happen to be near you. Find a coach that ticks all the boxes by connecting with us. We have a wide range of coaches and can find the right fit for you.
How to find the best financial coaches
The importance of financial education
Personal finance is (unfortunately) a complicated subject. Navigating your way to financial security can be overwhelming. That’s largely because our education system does very little to prepare us for a world dominated by money. Financial coaching helps bridge that gap in knowledge.
Coaching is one way to help develop your critical thinking skills. There is so much financial advice out there, it’s hard to know who to trust. At best, it won’t be applicable to your situation. At worst, the advice may be damaging to your finances. Our goal is to give you the tools to navigate the murky world of personal finance.
Financial Freedom & Independence
Money stress is something that affects more than half of us every year. It is an awful feeling, affecting your mental health, physical help, sleep, relationships and more.
But it doesn’t have to be that way.
We truly believe anyone can become financially independent and experience the freedom of having a safety net of money in their bank account. More and more people are following the FIRE (Financial Independence Retire Early) movement, as well as other (slightly less extreme!) movements like it. Our coaches can show you what is out there and help you find the right path.
Interested? Start with a free consultation
How to become a financial coach
Interested in joining the cause? We’re on a mission to improve financial literacy, and we need your help!
Financial coaches provide an invaluable service to thousands of people every day, and that demand is growing. Helping people on their path to financial stability & success is an incredibly rewarding feeling – it never gets old. Financial coaching has become a fantastic career, and it can be done from anywhere in the world.
If you have the financial knowledge & experience needed, and are willing to acquire the necessary certification, you can become a financial coach.
If you’re interested in the certification, get in touch with us and we would be happy to get you started on your journey.