© 2019 by Dime and Dollar.

Goals of a Financial Coach


Five Alarming Statistics from Forbes.com

  • Educate clients in basic financial well-being.

  • Help clients overcome financial debt.

  • Ensure clients identify and change ineffective money management skills.

  • Mentor clients and help develop useful strategies to meet financial goals.

  • Provide clients with positive financial behavioral changes.

  • Guide clients as they work through their financial problems.

     A financial coach provides one-on-one coaching sessions to clients in order to improve personal financial improvement. Financial goals are discussed and finalized by determining the client's current financial situation as well as where the client wants to be in the future. A strategic and systematic plan is created to meet the goals set by the client and the coach. The plan must be implemented by the client; a financial coach can not fix your finances for you but they can be there every step of the way to ensure you are making the proper financial choices for success.


     THE OVERALL GOAL OF A FINANCIAL COACH IS TO CREATE BEHAVIORAL CHANGES OVER THE COURSE OF TIME TO ENSURE FINANCIAL STABILITY IS MAINTAINED LONG AFTER THE COACH IS ACTUALLY NEEDED. This is a huge part of why I love being a financial coach. I can literally see behavioral changes in clients associated with positive personal finance. I have studied and thoroughly understand the psychology behind why people make the financial choices that put them in a financial predicament. I also understand the psychology behind positive financial choices and how to create a plan to change the negative behavior to a positive lifestyle. 


     Financial coaches and financial advisers are different in many ways. A financial adviser is meant to advise you on your financial decisions based on your goals much like a financial coach does. A financial adviser is qualified to sell products and services to their clients, i.e. life insurance. A financial adviser is also allowed to do just that 'advise' you of where to put your assets. They can tell you exactly what type of mutual fund or retirement account to invest in. However, a financial adviser is less likely to provide advice on basic money handling skills such as a budget, getting out of debt, bouncing back after a financial setback or changing the overall behavior of a client to ensure proper money managing skills. Because financial advising is often based on selling products or services to their clients, they are less likely to spend time on basic money skills. This is where a financial coach comes in. 


     If you are still not sure if a financial coach is right for you sign up below for a FREE 15 minute consultation to determine if we would be perfect fit to work together. 

  • 44% of Americans do not have enough money to cover a $400 dollar emergency.

  • 43% of student loan borrowers are not currently making payments.

  • 38% of Americans have credit card debt with an average around $16,000!

  • 33% of adults have $0 saved for retirement.

  • 55% of adults have less than $10,000 saved for retirement