Financial Coach

What does a Financial Coach do?

A financial coach helps their clients with the basics of money management. The goal of a financial coach is to help their clients develop healthy money habits that will last. Financial coaches educate their clients on the basics of personal finances and work with them to create a financial plan that reflects their goal.

Coaches in this department do not sell financial products; they help people in their day-to-day financial problems and resolve financial crises. The key to being a great financial coach is to have the heart of a teacher and the willingness to learn.

A Financial Coach is someone who helps others with their finances. As a Financial Coach, I use principles to meet people where they are and show them how to win with money. Here are the 15 reasons why my clients work with a financial coach.

A Financial Coach can help you handle common financial challenges

If you have financial challenges of any kind, Sheri is ready to guide you so that you can overcome any financial crisis! You should be committed and have a real desire to make positive changes to the way you view money, assets as well as liabilities.

As a Business Woman and as a Financial Coach, Sheri guides individuals, families and small businesses to discover effective solutions for their financial challenges! Sheri accomplishes helping others by listening to and understanding their situation, providing valuable education and financial tools, as well as providing encouragement to reach their goals

Basic Financial Coaching (Coaching Process Overview, Budgeting, and Cash Flow Planning, Understanding Insurance, Offering Life insurance)

  • Create a plan to reach your financial goals.
  • Reduce/eliminate debt.
  • Communicate with and deal with debt collectors.
  • Create a cash flow spending plan (budget).
  • Improve financial discipline.
  • Save for emergencies and/or future purchases.
  • Allocate spending to the 5 priorities for the uses of money.
  • Organize specific bank accounts to manage personal cash flow.
  • Understanding your insurance needs.
  • Reviewing life insurance or offering life insurance.
  • Finding the right life insurance plan for you.

Premarital/Couple Coaching (Counseling Issues, Marriage Issues, Working with People, Kids and College)

  • Plan your Premarital/Newlywed financial relationship.
  • Improve financial accountability for married couples.
  • How couples should merge financial accounts.
  • How families maintain financial peace.
  • Plan for children’s college.

Retirement / Wealth Accumulation Coaching (Retirement, Investment Guidelines, Estate Planning)

  • How to select the appropriate investment options.
  • Protect your assets from loss.
  • When to retire.
  • Learn about basic estate planning issues.

Financial Crisis Coaching (Myths about Debt, Dealing with Collectors, Fair Debt Collection Practices Act

  • Foreclosures and forbearances.
  • Bankruptcy philosophy and types.
  • Address possible foreclosure or related real estate issues.
  • Consider options other than bankruptcy.
  • Improve financial decision making.

Small Business Coaching

  • Starting a small business and keeping expenses separate.
  • Organize specific bank accounts to manage business cash flow.
  • How business income will be taxed.
  • Put together a quarterly business health check.
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