Frequently Asked Questions
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What exactly does financial coaching entail?
Financial coaching includes personalized advice, goal setting, financial planning, and education on managing and growing your finances.
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What is the duration of a typical financial coaching program?
No case is the same, and there is no one-size-fits-all approach. We offer 1-hour and 2-hour individual 1:1 coaching sessions, as well as a retainer coaching package of 6 hours. Programs typically last from a few months to a year, depending on your goals and needs.
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How do you tailor your coaching to individual needs?
We assess your current financial situation, goals, and preferences to create a customized plan.
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Can you assist with both personal and business finance management?
Yes, we provide guidance for both personal and business finances.
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How does financial coaching differ from financial advising?
Coaching focuses on education and empowering you to manage your finances, while advising often involves managing investments on your behalf.
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How can financial education benefit me in the long term?
It can help you make informed financial decisions, avoid debt, grow your wealth, and achieve financial security and independence.
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How do I know if I’m ready for a coaching session?
If you have financial goals but lack a clear plan, or if you need guidance on managing your finances and investments, you’re ready for a coaching session.
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Are there any prerequisites to start financial coaching?
No specific prerequisites, just a willingness to learn and improve your financial situation.
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What kind of financial goals can you help me achieve?
We can help with saving for retirement, build your investment portfolio, buying a home, debt reduction, wealth building, minimize your tax liability and more.
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Are your financial coaching services suitable for beginners?
Yes, our services are designed to assist individuals at all levels, including beginners.
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How do I start to invest?
Begin by setting financial goals, assessing your risk tolerance, and researching investment options. Opening a brokerage account can also be a good first step.
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When can I start investing?
You can start investing as soon as you have some savings and have done basic research or sought advice on investment strategies.
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How much money do I need to start investing?
You can start with as little as $50 to $100, depending on the investment vehicle you choose.
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How do I become financially independent?
Achieving financial independence involves saving consistently, investing wisely, managing expenses, and possibly creating multiple income streams.
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How can I invest safely?
Invest safely by assessing your time horizon, choosing low-risk options, understanding potential returns, and diversifying your portfolio to spread risk.
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How do I increase my capital?
Increase capital by saving more, investing in profitable ventures, and diversifying your income sources.
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What is a passive income goal to retire?
A common goal is to generate enough passive income to cover your living expenses, often aiming for 70-80% of your current income.
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Do I need a high income to start investing?
No, you can start investing with a modest amount of money.
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How to buy my first home?
Determine your budget, considering your income, debts, and expenses. Get pre-approved for a mortgage to understand your borrowing capacity. Research properties within your budget and explore available buying schemes in your country. Our paid sessions provide detailed steps and personalized guidance.
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When to start looking into buying a home based on the current economy?
Timing can vary based on economic conditions. It’s advisable to consult with a financial coach to assess your readiness and the current market situation.
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How do I invest in gold?
Educate yourself on different gold investments, such as physical gold or gold ETFs. Each has pros and cons, so choose based on your goals and risk tolerance. Find a reputable dealer or broker with a solid reputation. Consider the current market price and diversify your portfolio. Our paid sessions provide in-depth guidance and personalized strategies.
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What are high-yield savings accounts?
High-yield savings accounts offer higher interest rates than basic savings accounts, often requiring higher minimum balances or other qualifications. They can be a good option for growing your savings with minimal risk. Consider switching to a high-yield account if you have a substantial balance and meet the requirements.