Financial Coaching Topics Covered

In my Personal finance coaching practice, we’ll cover a lot of ground on both financial and personal topics. Here I will share some of the key topics that we’ll focus on to improve your financial well-being.  

Emergency Funding

More than 60% of Americans have less than $1,000 in their savings, and 8 out of 10 people live paycheck-to-paycheck. As a financial coach I can help clarify the risks, recommend a level of emergency fund savings and create a plan to help you reach your needs and savings goals – achieving the first step toward removing stress from your financial situation.

Budgeting and Cashflow

Budgeting is a simple process, but not necessarily easy to implement! Just putting a budget together can be a challenge, especially without any guidance or tools. As a financial coach I have the resources and experience to help you develop a budget so that you can tell your money where to go and make sure that expenses line up with your priorities and values.

Debt Management and Elimination

Debt and debt-related payments are often one of the largest expenses in someone’s cash flow planning and the biggest obstacle preventing people from becoming financially secure. Having a plan to pay down the debt, and ultimately eliminate it from your life, is the key to not only being financially secure, but achieving your preferred work life balance.

Saving for your Dreams

Too many people have not yet taken the time to map out their goals and intentions, and even fewer have worked with a financial professional to help make the plan. As a financial coach I can help clarify these goals, align them with your priorities and values, and create the foundation to achieve your dreams.

Investment Topics Education

As a financial coach I cannot recommend specific investments, but I can help educate you on different types of investment plans based on your needs and income level, whether you choose a 401k, Roth-IRA, 529, etc. I can also cover historical performance of different asset classes – small cap stocks, international, bonds, real estate, and other asset classes. I can explain diversification, risk, dollar-cost-averaging, and all the common investment topics that investors should know. I can also help you understand your specific investment options in your 401k plan and help you easily find information to make the best choices for your situation.

Understanding Insurance

Some people are underinsured and some even over insured, which could be a financial risk or a burden.  As a financial coach I can walk you through the different types of insurance whether it be whole life, term, disability and even long-term care insurance. I can help you understand your options so that you can make smart decisions to mitigate risk and help you gain the skills so that insurance sales people don’t take advantage of you.

Real Estate         

How does real estate work? What are the advantages or disadvantages to owning real estate? Should I buy, or should I rent?  As basic as homeownership is, there are a lot of details surrounding real estate. Whether a real estate purchase is a primary residence or an investment property, I can walk you through the details to make sure you understand both the benefits of owning real estate… and the challenges.

And if you are already a homeowner, it’s important to look at mortgages as part of your planning. Should I pay off my mortgage early, or take out a home equity line of credit?  Mortgages can be a great tool for growing your wealth if used correctly. I will be able to walk you through the details so that you can make the decision that is best for you.

Understanding how money works is crucial to determining what is best for you, and a financial coach can help you gain better understanding of the financial world, get clarity on what works best for your specific life situation, and help you move forward with confidence.

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