Do you need a Personal Trainer for your finances?
Recently I re-joined a gym to get back on track with my physical fitness.
I have been avoiding it for a while now and I thought I can do it on my own, and don’t need a gym to stay fit.
I even got myself some weights, a skipping rope and stretch bands with easy access to them. Yet, every morning I got up and looked at them and thought to myself, I’ll do it tomorrow when I have more time. I kind of know what I need to do to be fit, but because no one kept me accountable, I don’t do it.
When I joined the gym, the coach asked me if I would like to take three personal training sessions to get me started. I said yes!
After the three sessions, I decided to keep the trainer ongoing once a week. I knew I’ll fall back into a bad habits. I know it will help me to be trained and coached on an ongoing basis and for him to kick my butt when I need it.
So what is the difference in your money? Why shouldn’t you have a personal trainer for your finances?
Many people, especially young people, learn or seek advice from their parents or family and friends in most areas of life.
You grow up in an environment that shows you what potentially works and what doesn’t. You most likely adopt that behaviour over time. Parents are usually the first people you would go to for decision making or when in trouble, and that is not a negative thing to do.
The only challenge with this would be that not every person’s circumstances are the same and things that may have worked in the past may not be applicable anymore. Times have changed. When it comes to investments, consult a professional.
Often emotional involvement can hinder you from keeping someone accountable or even talk about it at all. Not many people like talking about money, especially if they think they’re not doing well.
That is when a financial coach is the best solution: to give you a different point of view when advice from family or friends is limited.
Having your personal finance trainer keeps you accountable. He/she knows your exact circumstances and can push you to the next level with ongoing coaching and reviews. If it works with fitness, why wouldn’t it work with finances? You have someone that guides you and prepares a plan that suits your circumstances. They help you start and get the right exercises in place, and regularly check-in to see you are on track.
The most important thing is that YOU actually have to do something to reach your goals.
Having a personal trainer doesn’t increase your level of fitness. Neither does a financial coach if you don’t invest and dedicate some time to it.
So start today! Get started with a FREE Strategy Session.
Disclaimer: all information contained within this article is of a general nature. Do not rely upon it when making financial decisions. Please consult a professional financial coach, advisor or planner (like us!) before acting.