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