7 Reasons Why Investing in a Money Coach is the Best Financial Decision You'll Make in 2023
Are you struggling to get a grip on your personal finances?
Do you feel like you're living paycheck to paycheck and never making progress towards financial independence?
If so, you're not alone. Many people find it challenging to manage their money and plan for their financial future, especially in today's uncertain economic climate.
That's where a money coach can come in and provide invaluable assistance.
Book a Money Coaching session with a Money Tipps® Money Coach and feel good with money
So what exactly is a money coach, and how is it different from other financial professionals like financial advisers and accountants?
A money coach is a personal finance expert who works with individuals to help them develop a comprehensive plan for managing their money and achieving their financial goals.
Unlike financial advisers and accountants, a money coach focuses on teaching you the skills you need to succeed in managing your finances, rather than doing the work for you.
In 2023 technology has improved so much that today it’s easier than ever to invest your money. Many Financial advisers are stuck in the dark days believing that you need an expensive financial adviser, in expensive suits eating expensive city lunches to manage your money.
Money Tipps® are different!
Money Tipps (Tax, Investment, Property. Pensions, Savings)
A Money Tipps® Money coach believes in using technology and the rise of discount investing platforms to SAVE you money
One of the primary benefits of working with a money coach is that you will learn the skills you need to make informed decisions about your money.
Rather than simply investing your money for you, a money coach will teach you how to invest and manage your money yourself. This means that you'll be able to make more informed decisions about your investments and have a greater understanding of your financial situation.
Money Tipps® money coaching is a new and unique servive design to give you value and honesty with your finances
Additionally, a money coach can help you develop a personalized plan for achieving financial independence. Whether you're looking to save for retirement, pay off debt, or achieve any other financial goal, a money coach can help you create a plan that's tailored to your specific needs and circumstances. This can be especially helpful if you're feeling overwhelmed or unsure of where to start.
Compared to financial advisers, money coaches provide better value because they focus on teaching you the skills you need to succeed, rather than doing the work for you. While financial advisers can provide specific investment advice and specific products for you, they typically charge a percentage of your assets under management as their fee. This can add up to a significant amount over time, especially if you have a large portfolio.
Instead, A Money Tipps® money coach give you a menu of option to pick your favorite investing platform that is right for you, your personal circumstances, and your family.
A Money Tipps® money coach is impartial, independent, and not incentivized to recommend a certain product due to the commission or fees they get in return.
A Money Tipps® money coach has access to all available Financial Conduct Authority (FCA), investment platforms, which means you get to choose the best investment broker for your individual circumstances. This compares to most Financial advisers or Financial Planners who are restricted to their own company’s products and investing platforms or if they are Independent Financial Advisers (IFA) they often only have access to their network’s products.
A Money Tipps® money coach talks property. We understand that a home is a vital part of financial planning. Money Tipps® also has the flexibility to discuss property and buying a home for you and your family. Part of money coaching focuses on finding out your dream, desires, and financial objectives are getting on the property ladder by helping you save for a deposit. Property is the first P in Money Tipps®. (Tipps in Money Tipps is the acronym for Tax, Investment, Property, Pensions and Savings).
All Financial advisers are incentives by how many ‘Assets Under Management’ they have. This means Financial Advisers are incentivized to encourage you to invest into their investment funds rather than encouraging you to save for a deposit!
Accountants, on the other hand, tend to focus primarily on tax returns, which is essential for business owners but less relevant for workers who want to understand investing for their future. While it's certainly important to file your taxes correctly, it's not necessarily the most critical aspect of personal finance. By working with a money coach, you can focus on developing a comprehensive plan for your finances that goes beyond just filing your taxes.
Another key benefit of working with a money coach is that it's a "done with you" service, rather than a "done for you" service. In other words, you'll be actively involved in the process of managing your finances, rather than simply outsourcing the work to someone else. This can be a great way to develop a greater sense of ownership and control over your money, which can be empowering and motivating.
Join Money Tipps® membership to get networking events and a community of like minded people
A Money Tipps® Money coach give you more options. We have access to all available FCA-regulated investing platforms unlike most Financial advisers or Financial Planners who are ‘restricted’ in the platforms they can offer you. This means you will likely miss out on the best deals, the best areas for growth and the flexibility to have a more diversified portfolio. A good example of this is the boom in Bitcoin. No Financial adviser would advise you to invest in the new technology of Blockchain and the rise of Bitcoin and therefore would have missed on the huge growth and gains that would have come from having the option of investing in Blockchain and many types of Cryptocurrency, which have grown massively of the past decade.
Investing in new technology like Blockchain and cryptocurrency has created huge gains this decade, just like the internet did the decade before.
Finally, it's important to recognize that investing in a money coach is an investment in yourself. By developing the skills you need to manage your money effectively, you'll be better equipped to achieve your financial goals and create a more secure financial future for yourself and your family. While it may seem like an upfront expense, the long-term benefits of working with a money coach can far outweigh the initial cost.
To sum up, here are the 7 Reasons Why Investing in a Money Coach is the Best Financial Decision You'll Make in 2023.
You will learn the skills you need to make informed decisions about your money.
You will develop a personalized plan for achieving financial independence.
A Money Tipps® money coach is much better value than financial advisers, who charge a percentage of your assets under management as their fee, which can save you over £100,000 over your investing lifetime (according to a Times Report).
Money Coaches are different from accountants, who focus primarily on tax returns, which is less relevant for workers who want to understand investing for their future.
A Money Tipps® Money coach has access to all available FCA-regulated investing platforms unlike most Financial advisers or Financial Planners who are ‘restricted’ in the platforms they can offer you.
Investment in yourself can provide long-term benefits.
Gain a greater understanding of your financial situation and be better equipped to make informed decisions about your money.
Investing in a money coach is an investment in your financial future. By developing the skills you need to manage your money effectively, you'll be better equipped to achieve your financial goals and create a more secure financial future for yourself and your family. Don't hesitate to take the first step towards financial freedom by investing in a money coach today.
Join Money Tipps® membership to get networking events and a community of like minded people
In conclusion, if you're looking to take control of your finances and achieve financial independence, working with a money coach can be an incredibly valuable investment. Unlike financial advisers and accountants, a money coach will teach you the skills you need to succeed, rather than doing the work for you.
This means that you'll have a greater understanding of your financial situation and be better equipped to make informed decisions about your money. So if you're ready to take the first step toward financial freedom, consider investing in a money coach today.
Book a Money Coaching session today by clicking the link below or the button GET Started above and book in a time to speak to a Money Tipps® Money coach to start the simple 5-step method to being money confident!
https://moneytipps.org/get-started
