financial coach

Should You Hire a Financial Coach?

If the thought of money sends you into a sweat then read on…

Firstly, do you understand your relationship with money?

If you want to change your financial habits, the first step is to understand why you feel the way you do about money. Many of our habits and beliefs live in our subconscious and are often picked up in childhood. The way your parents talked (or still talk) about money, for example, may have seeped into your subconscious, planting a belief that is now affecting how you view money.

Consider the following beliefs and ask yourself if any resonate:

  • Money is the root of all evil.
  • Wealthy people are unkind.
  • Money is difficult to earn.
  • I’m not good with money.

Many of the clients I work with would easily volunteer that they are “not good with money” and this acknowledgement would be enough for some, many would be resigned to the feeling, others would want to dig deeper and do something about it. 

Are you ready to do something about it?

Here are a few areas a financial coach can support you with:

  • Help you understand and change your relationship with money.
  • Help you unpick your limiting self-beliefs.
  • Help you change your bad habits or behaviours around money.
  • Help you set your financial goals.
  • Increasing your awareness of your financial health.
  • Supporting you to increase your knowledge around finances.
  • Set financial goals and healthy habits. 
  • Keep you accountable.
  • Help you with practical, repeatable financial habits.

The aim of a financial coach is not to do it for you – the primary goal is to help you better understand your relationship with money, make any changes to this relationship and support you in developing greater control over your finances.

A financial coach is not the same as a financial advisor, so they won’t be able to advise you on how to spend your money or offer any other advice of this kind. Instead, they aim to go deeper, helping you unpick those limiting self-beliefs and supporting you as you fill the gaps in your knowledge.

Taking a look at your knowledge about money and picking out any gaps is a crucial step. Once you’ve identified what it is you don’t know, you can look to educate yourself. It may not sound like the most fun way to spend your time, but understanding how to manage your money practically can go a long way in changing your relationships with money. 

You are in luck because I am a qualified and experienced financial advisor and financial coach. I don’t do manifesting and woo woo I do practical.

I am not a financial counsellor – read my recent blog. Do You need a Financial Coach or a Financial Counsellor?

If any of these resonate with you, we should talk….

  • Would you wish you were driving a merc when you can only afford a Ford?
  • Are you always first to the bar?
  • Are you always first to offer to pick up the bill?
  • Are you actually living paycheck to paycheck? 
  • Is looking good, more important that ££ in your savings?
  • Do you feel guilty about your savings, so you hide it from your friends and family?
  • Are you overwhelmed by debt but you can’t seem to stop spending?
  • Do you constantly talk and think how much things cost and how much everyone earns?

Your money problems will probably run deep, and long

Our relationship with money is usually a product of everything that has gone before, family experiences, being poor, being rich. It can be so varied and they are based on our experiences,our subconscious beliefs and thought patterns usually  from our childhood. So deeply ingrained in us, they determine how we as adults deal with money. Any negative beliefs and patterns being incorrectly diagnosed as just being lazy, crazy, stupid or just bad with money.  It can lead to a poor relationship with money. 

Lots of people use money as a reward system, I’ll buy myself those shoes when I have achieved XYZ. Spending can be addictive.

Here are 8 signs you may benefit from financial coaching:

  1. You have trouble sticking to a budget, saving for retirement, or paying down debt.
  2. You have feelings of embarrassment, shame, guilt, or fear about your past or current money circumstances.
  3. You avoid conversations about money with your family, spouse or partner – well, infant everyone.
  4. You are going through a period of change with your career, nearing retirement or starting a new business.
  5. You have a new relationship – a business, friendship, a marriage and you want to get it right this time.
  6. You worry about money and it keeps you awake at night. 
  7. You are too scared to check out your credit score – so you just avoid looking!
  8. You believe your past influences your financial future and you’d like to change that! 

If any of these eight points resonate with you we should talk. If this scares you don’t worry, I don’t bite. But, here’s a thing you managed to get into this state, so we can manage out through and out of this state.

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Listen, lots of money coaching take endlessly about the shame of debt. My take is different, and practical and it works.

For me, it’s not about laying your bare, strpping it back and going back to your childhood, and making it more painful for you. It is about working how how your relationship with money affects your life and your financial status, and setting a practical plan that works for you and will deliver what you need. My method is simple and practical and it works. 

In the same way you Can’t Manifest a Great Score it takes work! 

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Here’s a thing – you managed to get yourself into this financial state, and together, we can manage you out of it.

If you need straight talking, accountability and real talk please get in touch.

Please get in touch by calling me on 07969 859749 or email chat@rachelrowley.co.uk and let’s see how I can help you

Rachel x