Faqs
- Why would I want a financial coach?
- I already have an advisor, Why a coach
?
- How much does financial coaching cost?
- What kind of clients do you work with?
- How long do clients work for you?
- What is the difference between coaching and
advice?
The proper and effective use of money is one
of the most important skills a person can have. It can make the difference
between living a good life or living a life of constant struggle. Yet most of us
received little or no training in this skill. A talent for money management is a
learned skill that can be taught, and
regardless of the level you are currently at Azmyth can take you to
the next level.
Most programs work by changing knowledge or
attitude with the goal of creating results. Financial coaching and planning is about
introducing new ideas and paradigms then creating action now that will then
reinforce and create new learned attitudes. Your attitude changes because of the
results of your new actions and the ideas that are introduced throughout the
process. This is a powerful process for bottom line results all done within the
safety of a personal and supportive relationship with your planner and coach.
Because they serve completely different
functions there is little overlap in their services. It is not uncommon for
financial advisors to be coached and the response from those advisors is that
the experience is eye opening. The coach’s function has nothing to do with
securities selection or building a specific portfolio. Instead, the coach will
work with you on integrating your values into your finances, expanding your
financial horizons, opening up completely new possibilities, creating goals,
developing strategies consistent with risk tolerances, your personal investing
edge, and the list could go on and on. The advisor deals with your money, and
the coach deals with you and how you relate to money. Because it isn’t just
about money, it’s about people.
Most coaches working with individuals charge
between $200 to $400 per month for one half-hour call per week. Average hourly
fees range from $100 to $200 per hour and more. Azmyth charges a flat fee
customized to your needs ranging from per month charges to a yearly retainer.
The goal is to be flexible and accommodative to the client’s needs creating
maximum value and growth for the client.
Additionally, Azmyth Financial does not sell
financial products or receive commissions. Our only compensation is our hourly
fees and the educational products we sell. We believe this minimizes any
conflict of interest or bias and allows us to always put our clients' best
interests first.
Azmyth
has a diverse client base
ranging from people with hundreds of thousands of dollars in consumer debt to
millionaires who are looking to improve their investing skills. What they have
in common is a burning desire to move from wherever they are financially to
wherever they want to be financially.
Are you tired of thinking that financial
freedom is just around the corner at the next pay increase only to find that
nothing changes. Our clients recognize that wealth does not exist anywhere in
the world of earned income. Our clients realize that building significant wealth
and financial freedom requires a complete paradigm shift about how they look at
money. They recognize that their personal wealth is a business and needs to be
run like one. They are dedicated to creating a life that most only dream about.
Would you like to be one of them?
As long as they get more value from the
coaching relationship than they paid for. There is no standard or average amount
of time because it totally depends on the clients needs. Some clients are
working on a specific project such as a real estate deal or trading system
development and thus have defined time frames. Other clients have been with us
on a continuing basis since the very beginning and continue to get great value
as they continually move into new areas of development. The choice is entirely
yours. We recommend a minimum three month commitment, but we
don’t use contracts and a client may discontinue the relationship at any time.
In a nutshell the difference is nothing
short of the difference between night and day. Financial advice is completely
different from coaching. Coaching is primarily educational in nature, but it
also goes deeper and deals directly one on one with your issues around earning
and building wealth creating the opportunity for personal breakthroughs. That is
why we have the slogan “It’s not just about money, it’s about people”. Financial
advice might build you a portfolio and maybe you will get a little richer or a
little poorer, but you will never learn why and you won’t necessarily develop
any skills to do it better next time. Financial coaching and planning is about awakening the
financial genius in you and taking you from wherever you are now to wherever you
want to be financially. It is for those people who want to have the knowledge to
make decisions independently. It doesn’t mean you won’t use advisors, but it
does mean that you will develop the skills to assess who is good and who isn’t.
Why hire a
Financial Coach?
You have goals and objectives in life. You have
dreams of success, security, and financial prosperity. So, what is keeping you
from achieving the financial success and prosperity you envision?
An excellent Financial Planner and Financial Coach can put your mind at ease. Having an experienced
Financial Planner and Financial Coach on your team, will ensure that you gain the clarity,
knowledge, and confidence to make informed financial decisions. Perhaps you do
not have the expertise, time, or desire to actively plan and manage certain
aspects of your life. You may want help getting started or want the benefit of
an objective, third-party perspective on what are usually emotional, difficult
decisions.
How will it feel to know you have the knowledge and control to manage your
finances better while taking measured, actionable steps to achieving better
financial stewardship and overall prosperity? And how will your improved
financial situation afford you the time and ability to focus on your other life
priorities, goals, and objectives?
What type of
services do Financial Coach offer?
A good Financial Planner and
Financial Coach can help you set realistic financial and personal
goals, assess your current financial health, develop a realistic, comprehensive
plan to help you meet your financial goals, and help you put your plan into
action with guidance and accountability.
Azmyth offers one-on-one coaching sessions, group coaching sessions,
and Progressive Prosperity workshops on the job or through other key
organizational partnerships to educate, empower and guide individuals to greater
economic success and prosperity.
What
events might prompt you to seek the services of a Financial
Coach?
Just starting out in your career
Saving enough for retirement or rolling over a Pension or IRA
Changing employers
Career/Life transition
Handling an inheritance of a large sum of money or other unexpected windfall
Coping financially with the death of a spouse or family member
Birth or adoption of a child
Funding education
Aren't all Financial Planners and Coaches the same?
No! The term, Financial Planner or Financial Coach, can mean many things. Many people us the term
Financial Planner but can be more interesting in pushing specific products at
the expense of your real goals and needs. A genuine Financial Planner and
Financial Coach also take
a holistic approach in addressing your financial and non-financial needs not
just insurance, just taxes, or just investments. In addition, not every
Financial Planner is a Certified Financial Planner professional (CFP®). CFP®
professionals have an ethical obligation to act in your best interest. You can
learn more about CFP® Professionals here.
Many Financial Planners are paid on
commission or a percentage of assets under management while others are paid a
flat fee.
We do not manage assets or sell financial products such as stocks, bonds, mutual
funds, annuities, etc. Instead, we offer pure financial education and coaching
services within a
holistic financial planning process and operate on a fee for service
arrangement only.
Copyright © 2001 Azmyth Financial, LLC. All rights reserved.
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