Life/ financial coaches are worth the trouble!

Seemingly, contemporary society encourage consumerism where people are under intense pressure to continually work not for personal and social fulfillment but in order to achieve financial resources necessary to acquire and consume more material resources. Sadly, the more you earn, the more you acquire and the more you acquire, the more you consume and the more you consume the more you want and the cycle goes on and on. As a result, your world begins to rotate around consumption, which overrides important variables such as investments and savings because, you are more concerned about lifestyle and not financial security.

Most people going through the cycle experience endless financial distress, surviving from paycheck to paycheck with the hope that the next pay increase will solve their financial mess. For those who are wise and thirst for financial independence and security, they seek help and support by hiring a coach who teaches them how to effectively and efficiently eliminate financial distress permanently.

Is A Financial Coach Worth The Trouble?

For those stack at the pre-investment stage where they do not invest in anything, hiring a coach seems like a waste of time and money. This is because they have little or no financial consciousness to realize that they need help to develop a practical, sustainable, personalized and transformational financial/life plan that will help them eliminate financial distress in their life. Life/financial coach inject you with financial intelligence.

The main causes of financial distress are

• Debts
• Poor Credit Score
• Limited or no cash flow

A coach plays an important role in your life by ensuring that all the three causes of financial distress are effectively and adequately dealt with by teaching you important lessons about

1)     How to eliminate debt

There is no easy way of eliminating debt and what most people do is to immediately cancel their credit cards in order to obtain financial freedom and security. Bad idea! Canceling a credit card worsen your financial distress because it works against your credit score maximization efforts.

To eliminate bad debt, a coach guides you through the process of developing a debt elimination plan. A debt elimination plan is essential in ensuring that

• You are spending less than you are earning
• You are using every penny wisely
• You are monitoring your consumption patterns, which allows you to know where to cut down on and thus, lowering your expenses substantially and helping resolve your debts issues.

The best solution to eliminating debt is paying them. You cannot become debt free when you do not settle the outstanding debt. To chart your way out of debt, a coach makes you aware of how much debt you have, who you owe and helps you get your debts settled by paying down your credit debt. Settling credit debts is one way of achieving credit score maximization.

Among ways you can settle debts includes

• Getting additional sources of income to help settle debts (second or part time jobs)
• Seeking financial help/ intervention from friends and family
• Holding garage sales (raise money to settle small outstanding debts such as utility bills)
• Paying down the credit cards and closing the credit accounts to avoid the temptation to spend beyond your means and enter into bad debt again 

2)     How to maximize cash flow

What separates the wealthy and the not-so wealthy people is the ability of the former to maximize cash flow. Cash flow maximization stimulates your credit score maximization, which is important when you are entering into good debt.

Maximizing cash flow begins by investing and saving in the right areas. Primarily, a coach offers unmatched wealth of knowledge in helping you select the best avenues and ways you can maximize your cash flow, which includes

Increasing the inflow of cash; there is no better way for you to maximize cash flow than to increase the amount of cash coming in. You can achieve this by investing in real estate and business, which will create additional flow into your account.

Additional sources of cash means that you have additional resources to not only cater for your expenses but also additional amount of money to save and invest.

Reducing the outflow of cash; financial distress begins when you are unable to manage how you spend the cash that is flowing in, which leads you to either live beyond your means or take bad debts. Both options are avenues to financial death. When you spend less and less and increase the amount of money coming in more and more, ultimately, you will have more than you can spend, which is the definition of wealth.

Therefore, a life/financial coach are worth the trouble, doing what you cannot do on your own, which is to bring your financial issues into a better perspective.