| It might be hard to see much different | | | | be the cause of financial woe, or illness or |
| between a financial life coach and a | | | | jobs being sent to Mexico might be the |
| financial advisor. Is not your friendly | | | | reason, the majority of the time it is bad |
| banker a financial life coach of sorts? There | | | | lifestyle choices that leads people into |
| is actually a major difference. | | | | trouble. |
| | | | |
| We are all more familiar with the idea of | | | | This is why they are called financial "life" |
| financial planning. Financial planning | | | | coaches. Their job is to give you the |
| consultants and advisors have been common in | | | | counseling and encouragement to make the |
| the business world and also in the private | | | | lifestyle choices that lead to financial |
| sector. They help us manage our investments | | | | security and stability. They are not afraid |
| and set up our retirement accounts. So, what | | | | to get into the personal side of your life |
| is a financial life coach and how are they | | | | where the problem usually reside. They are |
| different? The answer can be expressed best | | | | looking at finance as just a part of the |
| by visualizing a line drawn in the sand. On | | | | overall thread of your life. When a person is |
| one side is our external financial side and | | | | living life to their fullest potential, |
| on the other our own personal business. | | | | financial problems seem to lessen in |
| | | | severity. This might be because of better |
| The financial advisor stays over on that | | | | budgeting and more sensible spending habits, |
| external side in a world of bank account | | | | but it could just as well be because of a |
| balances and income statements. We all have a | | | | better understanding of money in the overall |
| certain amount of funds and if there is any | | | | scheme of things. |
| excess laying around, the financial advisor | | | | |
| is there to help us decide the best use of | | | | The problems associated with money are a |
| it. The financial advisor would not see | | | | leading cause of depression. They are often |
| himself as concerned with our lifestyle or | | | | cited as one of the major problems in soured |
| feel that offering advice on really personal | | | | relationships and when they exist, a full and |
| choices was his appropriate area of concern. | | | | happy life is usually impossible. We see the |
| | | | signs all around us. Increased credit card |
| The financial life coach, on the other hand, | | | | debt and bankruptcy has become a national |
| is concerned with lifestyle. They are | | | | disgrace. The financial life coach can be an |
| available even if there is no excess in the | | | | answer for the individual looking for help |
| checking account. In fact, if you are in | | | | our of a financial morass, but also they can |
| serious personal financial difficulty, that | | | | equally help the one not gaining the |
| is when they are needed the most. While it is | | | | satisfaction they expected from their wealth. |
| true that the occasional flood or fire might | | | | |