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Do I Need a Financial Coach Now? Everything you need to know  

6 Questions to Ask – Do I Need a Financial Coach?

Not sure if you need a Financial Coach?  Consider the following questions…

6 Do I Need a Financial Coach Do I Need a Financial Coach
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Ex. Source: 6 Questions – Do I Need a Financial Coach (www.michaelryanmoney.com)
  • Do you want to be debt-free?
  • Do you wish to create a financial safety net in case of a financial emergency?
  • Do you have a written financial plan for your financial future and retirement?
  • Are you trying to build wealth, and protect it?
  • Do you wish to leave a legacy for future generations?
  • Are you looking for individualized, one-on-one assistance?

Then, you would greatly benefit from a Financial Coach

Related: 13 Ways You Would Benefit From a Financial Coach

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Related: 7 Signs You Need a Financial Coach

11 Reasons You Need a Life Coach Today

  • Recently married, and joining finances?
  • Spending Plan and budgeting suggestions
  • A new child, or young children at home?
  • Buying a home?
  • Lost or changed jobs recently?
  • Recently lost a loved one?
  • Recently divorced?
  • Disability or health issues?
  • Creditors and debt?
  • Saving for College?
  • Student debt?
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Ways to Answer the question – Do I Need a Financial Coach?

Related: What is a financial coach and who really needs one?

Related: How Can A Financial Coach Help Me?

If you’re just starting with money management and don’t know where to start, you might want to hire a financial coach.  Aside from that, having trouble saving, budgeting, or creating an emergency fund may indicate that it’s time to get assistance. A financial coach may also help you reach short and long term goals by developing a strategy and holding you responsible.

Do you have big financial decisions approaching?  Or have you been putting off financial decisions out of fear? Then you might want to consult with an expert. They can assist you in determining where your money is going and suggest ways to maintain and track your finances.

No matter where you are in life – the ideas and principles are applicable to almost everyone. As long as you are coachable, motivated for change, action-oriented, and have the right attitude.

You will witness a change in your financial life if you are willing to work towards your financial goals, money habits, and attitude towards money.

The techniques I teach have been proven to increase financial confidence while reducing financial stress.  As long as you put in the effort, it works.  The impact is immediate and lasts a lifetime.

When something is new, it is natural for it to appear difficult. I will work with you to make sure that everything we discuss is simple to implement, as opposed to complex.  And help you see and track the results.

What price would you place on being happy, stress-free, and achieving your financial goals? What would that be worth to you? Financial Coaching pays for itself many times over.

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Do I Need a Financial Coach?  What a Financial Coach IS NOT

If you are looking for someone to sell you a bunch of insurance and investments, then a Financial Coach is not right for you.  

If you are looking for someone who will manage your investment portfolio for you, a Financial Coach is not right for you.

If you want to work with someone who will empower you by providing you information and the education to manage your own finances for the rest of your life – then a Financial Coach is perfect for you.

Financial coaching services provide help and advice on a wide range of financial topics.


The first step that most coaches take is to ask you a lot of thought provoking questions about what is important to you financially.  What do you want to achieve?  What do you want to avoid?  And why?


From there, a Financial Coach will work with you to develop a written financial plan with steps to achieve your financial goals.


Provide you broad financial advice and help, so that you can begin to take control of your finances.


Improve your relationship with money.  One of the most important things a coach can do is to assist you in developing a better connection with your money.  You might wish to have a better understanding of your own finances. Perhaps you’re looking for ideas to assist you improve your risk-taking.  Whatever it is that you want to do, a coach can provide guidance and suggestions that help you improve your understanding of and relationship with your money.

Related: Financial Coaching, Do I Need a Financial Coach?

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Debt Management

  • Another key service that coaches provide is debt management.
  • Debt is one of the most significant obstacles to financial stability since, if not managed properly, it may significantly deteriorate your financial condition.
  • A coach can assist you in better understanding your debt and developing methods for managing it.
  • They may also provide advice on how to prevent debt in the first place, such as how to successfully budget your money.

Investing and retirement

  • Investments and retirement are notorious for being complicated and difficult to comprehend.
  • A coach can explain the pros and cons of various investment and retirement saving options, and provide guidance around the areas in general.
  • It’s crucial to realize, though, that financial coaches aren’t regulated.. As a result, while they can advise you on investments in general, they are unable to make particular product recommendations to you.

Decisions about work and your career

  • Whether you’re operating a business, changing jobs, or making a career choice – it might have a significant financial impact.
  • A coach can help you through the different financial issues that come with changing jobs, such as how to prepare financially for a new job and what choices you should examine in order to do so.


  • Mortgages are widely used, with many people relying on them.  But, there may be certain aspects that you are unfamiliar with.
  • A financial coach can walk you through and clarify key terminology like loan-to-value, equity, and repayment vs interest-only.
  • They can also assist you in deciding what is most essential to you when it comes to a mortgage, as well as explain the distinctions between fixed, variable, and other mortgages.
  • Coaches aren’t mortgage brokers, so they won’t be able to research or propose particular offers for you.

Still have have questions? Still wondering – Do I Need a Financial Coach? Comment or reach out to me below.

The information here is for information purposes only, and not guaranteed to be accurate.  The information may not be full and complete.  This is not investment, insurance nor tax advice. You should talk with your financial advisor or accountant to figure out which of your options is best for you.

Michaelryanmoney.com does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation. Michaelryanmoney.com takes no responsibility for the current accuracy of this information.


  1. […] you are organized, motivated and have a proper money mindset – you may not need a financial coach and can try investing on your own first. It’s challenging to find the best one for your […]

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Michael Ryan
Michael Ryanhttps://michaelryanmoney.com/
A former stockbroker, financial planner, and owner of my own financial planning practice and then a property & casualty agency. I have since retired and decided I want to help individuals and business owners by offering personal financial coaching. And now, I have started my blog - www.michaelryanmoney.com - to bring financial literacy to everyone. In a short time I have already been quoted and featured in US News & World Report, Business Insider, Yahoo Finance, and more (https://michaelryanmoney.com/home/press/) As a financial planner, I helped people from all walks of life. If you have questions about money, I will help you find the answers at www.MichaelRyanMoney.com
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