Coaching Matters: Why You Need A Financial Coach

Guest Post: Nick Der is the founder of Oxfords & Brogues, a financial coaching company based in Southern California. 

My relationship to money can oftentimes be confusing and complex. No matter how sure I was about something regarding my finances (like how to best pay off my $30,000 in student loans or which investment funds to choose in my 401(k) or what tool was best for me to stick to a budget), there was always a troll on the internet saying the exact opposite to what I thought was right for me–experiencing stress and overwhelm, being stuck and avoiding my finances became normal.

To tell it to you straight, I was sick and tired of pretending I could foot a bill and look good on Instagram when really I had no idea how I was going to make the credit card payment 30 days from now. Not knowing what to do with my money left me hopeless, paralyzed, and worse yet, spending a lot of money mindlessly.

Unfortunately, a significant majority of millennials, are #adulting and let’s be honest, for many, #thestruggleisreal. So what action can you take that will impact your financial situation?

Knowing how to build wealth is not a secret: Increase your income or decrease your expenses. And if you’re fancy, do both at the same time. The problem is, the wealth of information on Google doesn’t fix your problems for you.

So what’s missing?

What’s missing is a transformation– a new context in your relationship to money, how it occurs for you and how you deal with it. And beyond that, a financial coach to guide you and hold you accountable to go through that transformation.

So allow yourself to imagine for a moment:

  • What would your life look like if you were free and empowered around your money?
  • What would be possible if you could have all of your financial questions answered?
  • How would your life be different?
  • What would now be possible in the realm of your finances that wasn’t possible before?
  • What is that financial future worth to you today?

But don’t take my word for it– here are some stats. The personal saving rate of the average American, calculated by the Federal Bureau of Economic Analysis, has hovered around 5% for the last few years. By the end of June 2017, the rate had fallen to 3.8%.

A recent audit of my financial coaching clients showed that their personal saving rate was 2-6x higher than the U.S. average, ranging anywhere between 10-23%, despite their varied income levels and for some, their Silicon Valley and New York City cost of living.

Numbers don’t lie.

So what does this mean? Spending money to hire a financial coach may seem counter-intuitive, but if you’re out to impact your relationship to money and produce a breakthrough in your bank account, it’s the logical next step.

If Olympians, who are literally the best in the world at what they do, have coaches, doesn’t it make sense to have a coach around your money so you can elevate your financial performance?

What I’m here to share with you is the one thing you could do to accomplish your financial goals, shift your money mindset, and get the most ROI when it comes to your money– work with a financial coach.

If you’re like me, your time is valuable. Everybody wants more money, but most people lack the knowledge and/or accountability to follow through and achieve their goals. You deserve to have the financial results you’ve been wanting to achieve.

Here’s 8 reasons why you’d want to work with a financial coach:

  1. You have financial goals you want to reach
  2. You don’t have the time, resources, and/or knowledge to accomplish the goals yourself
  3. You want to accomplish your goals faster and more efficiently
  4. You want an expert in the industry who has successfully worked with other people in similar situations to yours  
  5. You want to save money and avoid mistakes you could have made if you tried to do things yourself
  6. You need the accountability
  7. You want a tailored plan given to you on a silver platter
  8. You’re tired of finance being an area of your life you avoid, feel powerless around, and have no control over

The financial results are expected. And the behavior shift is life-altering and transformational.

So if you’re someone who wants to 4x your income, or discover ways you can add another $700/mo to your cash flow, or start investing in stocks that earn you money no matter how the market is doing, or pay off your student loans 3x as fast (all real results produced from my clients)– work with a financial coach.

If you’re someone who wants the freedom and peace of mind knowing you’re on track to accomplishing your biggest goals you didn’t think was possible, or have the confidence and awareness knowing that your spending aligns with your values, or bring intention and awareness to your spending, or be guilt-free as you enjoy that avocado toast you’ve been craving– work with a financial coach.

If you’ve read this far, I invite you to take a committed action and throw your hat over the wall to have a breakthrough with your finances. Who knows what’s on the other side, but I guarantee you it’s worth it. If you’re interested in finding out how I work with my clients, click HERE.

Your time is now. Cheers to your success in advance.

See you on the other side,Nick Der - Financial Coaching
Nicholas R. Der
Founder & CEO of Oxfords & Brogues
Transformational Financial Life Coaching

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