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