A good analogy for a financial coach is a fitness coach for your finances/money. Having someone on the journey with you provides support to get started and the push to make meaningful progress. This link provides a very good article published by nerdwallet.com. What Is a Financial Coach and What Can They Help You With? Here is an excerpt, “A financial coach wouldn’t be able to help you with strength training, but he or she can give you exercises to help successfully manage your money.”

In his best-selling book, Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not!, Robert T. Kiyosaki says, “One of the reasons the rich get richer, the poor get poorer, and the middle-class struggles in debt is that the subject of money is taught at home, not in school. Schools focus on scholastic and professional skills, but not on financial skills. This explains how bankers, doctors, and accountants who earned excellent grades may struggle financially all their lives.”

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