The UK Money Coach
Frequently Asked Questions
WHY WOULD I HIRE A MONEY COACH? Financial coaching helps you to be able to achieve not only the financial goals that you have much sooner, but also your life goals. Financial coaching helps you to be able to do more of the things in your life, because you have improved your finances. It’s not just about getting your finances organized and paying off debt, it is so much more than that. Improving your finances allows you to have more options, opportunities and choices in your life and I think that is one of the most valuable gifts of financial coaching. Saving money doesn’t have to be just for buying a home or a car, it can also mean freedom from doing something you don’t enjoy, freedom from an unhealthy relationship, the ability to spend more money on improving your health, being able to experience more cultures and travel the world, being able to give your children the life you want to give them, being able to take care of those around you, being able to give back financially to organizations you care about, etc.
HOW DOES MONEY COACHING WORK? My Coaching Program is for those who want to go deeper with their money and beyond just 'organising' their finances. My 6mth Program is great for people who need the accountability for putting their plan into action, for developing their new healthy financial habits and to not go back to their old ways and also for people who are already really good managing their finances, but want to achieve financial freedom and to do it much faster. During coaching, we work on putting the strategy into place and course correcting when you come up against obstacles so that you keep making progress and don’t quit. We also work on your financial behaviours, your thought processes when it comes to your money and your money mindset.
DO I HAVE TO LIVE CLOSE TO YOU TO COME FOR MONEY COACHING? Not at all! I deliver all of my coaching virtually using Google Meet which means that you can be based anywhere in the World and still benefit from my coaching. The principles of good money management are universal so you'll most certainly be able to apply the strategies we discuss. Having said that, there will of course be some limitations in what I can help you with if you are based outside of the UK due to differences in personal finance services and tax in your location.
I ALREADY HAVE A FINANCIAL ADVISOR, WOULD I NEED A MONEY COACH AS WELL? This is a great question! A financial advisor and a money coach do very different work and help you with your money in very different ways. Financial advisors help you with managing your wealth (investments, portfolios, retirement accounts, etc) and often making sure you have certain coverages in your life (e.g. health or life insurance, disability insurance, critical illness, etc). A money coach helps you with the everyday management of your finances, the finer details of the how-to of improving your financial situation, building healthy money habits and they hold you accountable for making these changes. As a money coach, I work more closely and I am more hands-on with helping my clients dive into their struggles and implementing strategies to improve. If you already have a financial advisor, that is wonderful. I work with clients who have financial advisors and I support the plans that they have with them. A money coach can be a really great compliment to this and also be able to help you save more money, to then in turn, invest more to build your wealth even more rapidly. When thinking about working with a financial advisor and a money coach, it’s not an “either or,” they work very well together as both of them combined, help you with all aspects of your financial wealth building.
WHAT IF I WANT TO GET FINANCIAL COACHING BUT MY PARTNER DOESN’T? There are times when I have clients who really want to improve their finances but their partners are not on board yet, so we get started together alone and then they notice the changes in their partner (not just the finances but how they are showing up in their daily life) and then they choose to get on board. Sometimes this is what it takes to get a partner who isn’t on the same page about money coaching, to get on board. What I do recommend when you are trying to figure it out, is to have your spouse or partner on your free 15min Q&A Call when you are considering coaching, so they can be a part of that conversation because it can be really powerful for them to hear what you have to say and also, how money coaching with me can help you to improve your finances and your life. It all depends on your specific situation, but the choice is ultimately left up to you whether you do money coaching with your partner or spouse or if you do the sessions with me, on your own.
I’M NOT STRUGGLING FINANCIALLY, WOULD MONEY COACHING STILL HELP ME? Absolutely! In this case, we get to take you further on your journey which is very exciting. Often when people hear the words “financial coaching,” they think that it is only for people who are struggling with their money, but this is not the case. I actually work with clients who are six figure earners, who are accountants and who have professional careers, but want clarity with their money and they have bigger goals that they want to achieve. There are many different things that money coaching can help you to work towards and achieve when you aren’t “struggling”, including: Ability to purchase a home, a vacation home or a rental property Traveling more often The ability to leave your job or start a side business or business Preparing to start a family More funds to improve your health More money available to invest to build your wealth quicker or diversify yourself more The ability to achieve financial and time freedom
HOW CAN A MONEY COACH HELP IMPROVE MY MENTAL & PHYSICAL HEALTH? When we are constantly stressing about our finances, it affects every aspect of our lives. Many of the common symptoms of high stress are: Anxiety & depression Digestive problems Eating habits, overeating, stress & binge eating Brain fog Falling asleep and staying asleep Lack of energy & feelings of exhaustion When you improve your finances and you aren’t constantly worrying, your stress levels go down and your body isn’t feeling so anxious all of the time. You are able to feel more peaceful and calmer and many areas of your health are able to improve.
I HAVE A VARIABLE INCOME, CAN YOU STILL HELP ME? Yes! Most of the clients that I work with actually have variable incomes. There are SO many elements that we can improve with your finances, even if you have a variable income. Most people allow the excuse that they can’t manage their cash flow due to variable income, but this is a limiting mindset! The vast majority of the clients that I work with have a variable income and they are succeeding with managing their cash flow and getting ahead financially!
DO I REALLY NEED TO SPEND MONEY ON MONEY COACHING? CAN’T I DO IT ON MY OWN? I want to pose a couple of points for you to think about if this is what you are thinking: 1. If you knew how to do it, you’d already have done it. 2. Do you know how to get the results that you want? You can piece together information from blogs, Facebook, videos and books, but you won’t get the highest quality of information and strategies until you’re willing to invest in yourself. When you take in free or low-cost information, you still have to learn how to tweak everything for YOUR specific financial situation, it’s not custom made for you. But when you work with me for money coaching, the plan is PERSONALISED for you. That’s when the real change happens. 3. If you have a big goal, you have to take an equally big risk. 4. If you have trouble following through with what you already know (such as information you have read on a blog, seen on a video or read in a book), then what you need is someone who is going to hold you accountable and support you in making these changes, which you are currently struggling with.
HOW CAN I AFFORD TO PAY FOR A FINANCIAL COACH, WHEN I AM STRUGGLING WITH MY MONEY? This is a great question and I understand the concern that you have. What my clients actually find is that the amount of money that they save from me going through their numbers with them, is often more than enough to pay for their coaching program, making the information and strategies that they learned, actually turn out to be free. I do also offer payment plans to make my services as financially accessible as possible. We can figure out what is best for you, during your free 15min Q&A Call.
HOW MUCH DOES IT COST FOR MONEY COACHING? Once we determine if coaching is right for you and that we are a good fit, we’ll discuss what level of investment is best for your personal situation.
HOW CAN I MAKE IMPROVING MY FINANCES FEEL POSITIVE AND NOT COME FROM A LACK AND SCARCITY MINDSET? Diving deep into your finances to address and improve them now, is one of the highest forms of self-care. The situation that you are in right now where you are constantly stressed, is you already living in a suffering state. You might have to make a few sacrifices now, so you DON’T have to suffer going forward. That is true self-care and that is NOT coming from a scarcity mindset.