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What does a Wealth Coach do? February 5, 2009

Posted by shaferfinancial in Finance.
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Had that question a few (million) times!

I will keep this simple.

1. A wealth coach teaches about finance; teaches what is knowable, and what is not knowable;

2. A wealth coach is a financial psychologist; Emotions are the #1 reason folks don’t find success in building wealth (90% of folks retire dependent upon the government or family).  When someone is about to let their emotions drive their financial behavior a wealth coach can talk them through it;

3.  A wealth coach can help build a wealth plan; Without a plan, failure is the most likely result!

4. And finally, a wealth coach demonstrates that you are serious about your personal finance; Most people can ignore important items, losing them in the minutia of everyday life. A wealth coach will hold you responsible for the financial part of your life, forcing you to deal with issues as they come up.

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