Why Financial Coaching is Right for You

Lebron James, Tom Brady, Tiger Woods…what do they all have in common?  In addition to being AWESOME in their respective sports, they all have coaches.  No matter how talented, they have a personal, outside force, guiding them to be the best they can be.  They INVITE coaches into their lives., and they INVEST in coaching.

Why?  One word…VALUE!  Whether it’s basketball, football, golf, business, personal training…no matter the discipline, coaching makes a radical difference, and they’ve experienced this first hand.  If you want to achieve greatness and consistently perform at a high level, you make an investment in coaching for two reasons:

ACCOUNTABILITY

Let’s be honest, we all fight against this force that pushes us to be safe, to be average.  If left just to our own skill sets, our own motivation, our own knowledge…it will result in average every time.  The only way you achieve greatness is by allowing some accountability in your life.  Someone that can show you HOW to do it, and remind you WHY you do it.  Someone to bring a unique perspective.  Someone that can help you stay motivated.

When it comes to personal finances, the formula isn’t complicated.   Spend less than you make, save and invest the rest.  Yet 3 out of 4 Americans are living paycheck to paycheck.  2 out 3 Americans would struggle to pay for a $1000 emergency, and 2 out of 3 will outlive their retirement.  Despite the obvious formula, most people don’t do what they KNOW to do.  The reason?

Because financial success is not just about the numbers or the money…it’s about BEHAVIOR.  Most everyone has the knowledge.  Only 25-30% are doing it.  At createmargin, we address both the numbers AND the behavior.  We’ll help you develop a plan that works on paper, then help you make that plan actually work!

Here’s a question…if you stay on your current financial course, where will you be in 5 years?  10 years?  25 years?  Change requires a catalyst – a force to interrupt the status quo.  Financial coaching will be that force for good in your life.

KNOWLEDGE

Now while the formula is simple, there are a LOT of financial decisions you’ll need to make to be successful…

Do we pay off debt first?  How should we do it?  When do we begin investing?  What should we invest in?  What about college?  How do we save for retirement?  What’s the best way to budget?  When’s the right time to buy a house?

This is the second reason most people can benefit from financial coaching.  A good coach can help you sort through all the noise, and bring clarity and confidence to your financial life.  While the behavior change is a must, you also need the wisdom to make the best decisions for your future.  A great financial coach has the heart of a teacher, and will guide you through this process with valuable insight, and be your biggest fan.

COST VS. INVESTMENT

The primary objection to coaching is the following,  “If I’m struggling financially, how can I afford to pay for financial coaching?”  I would ask, “How can you afford NOT to?”

In one typical coaching session, we usually find enough money in the budget to cover 4 sessions, and in many cases, 10 sessions of coaching!  But it’s a matter of priority.  Yes, you can continue to pay $1800/year for your cable/satellite tv package, or for far less, you can make an investment in financial coaching that will result in potentially MILLIONS of dollars.  At createmargin, we only work with clients who are serious and dedicated to making a difference in their financial future.  If you don’t value the investment, then you might not be ready for coaching.  But when you can see it, and then you begin to LIVE it, there will be no better investment you can make in yourself and your family.

Financial freedom and security is not just for the rich, it’s for EVERYONE.  Now, not everyone will choose it…but the choice is yours.

If you’d like to determine if financial coaching is your next step, you can schedule a free 15-minute discovery call.  We’ll get a few details about your situation and let you know how we can help.

For more information about createmargin and our financial coaching overview, click here.