Currently, AMB Financial Coaching is closed. Look for AMB Financial Coaching to open in the coming months.
Frequently Asked Questions
What exactly does a financial coach do, and how is it different from a financial advisor?
A financial coach primarily focuses on behavioral change, accountability, and skill development related to your personal finances. We help you understand your money habits, set realistic goals, and develop sustainable strategies to achieve them. We don't manage investments or sell financial products. A financial advisor, on the other hand, typically holds licenses to manage investments, provide tax planning, and sell insurance or other financial products. They often focus on wealth accumulation and portfolio management.
Who is a financial coach best suited for?
Financial coaching is ideal for individuals or couples who want to take a more active role in managing their money, understand their financial behaviors, pay down debt, save for specific goals (like a down payment or retirement), improve budgeting skills, or simply gain more confidence and control over their financial future. It's especially beneficial for those feeling overwhelmed, stuck, or unsure where to start.
What kind of results can I expect from working with a financial coach?
While results vary based on individual commitment and circumstances, common outcomes include a clearer understanding of your financial situation, reduced debt, increased savings, a functional budget, improved financial literacy, greater confidence in decision-making, and a solid plan to achieve your financial goals. Ultimately, you can expect to feel more empowered and in control of your money.
How long does a typical coaching engagement last?
The duration of coaching varies depending on your goals and how quickly you implement changes. Some clients achieve their initial objectives in a few months (e.g., 3-6 months), while others prefer ongoing support for a longer period (e.g., 9-12 months or even longer for complex goals). We'll discuss a recommended timeline during our initial consultation based on your needs.
That's perfectly normal, and it's a common starting point for many clients! Part of our initial work together will be to clarify your financial vision, identify what truly matters to you, and break down any overwhelming feelings into manageable steps. I'm here to provide a supportive and structured environment to help you navigate these challenges.
What information will I need to provide to you? Is it confidential?
To provide the most effective coaching, I'll typically ask for information related to your income, expenses, debts, assets, and financial goals. This helps me understand your current financial landscape. All information shared is treated with the utmost confidentiality and professionalism, adhering to strict ethical guidelines.
Do you recommend specific financial products or investment strategies?
As a financial coach, my role is to empower you with the knowledge and tools to make informed decisions about your finances. While I can educate you on different types of financial products or general investment principles, I do not recommend or sell specific products (like mutual funds, stocks, or insurance policies). If you need product-specific advice, I can help you understand when and how to seek out a qualified, licensed financial advisor.
How much does financial coaching cost, and how is it structured (e.g., hourly, package-based)?
My coaching services are typically offered in package-based structures, which include a set number of sessions, resources, and ongoing support. This allows for a more comprehensive and impactful journey than hourly sessions. Specific pricing will be discussed after our initial discovery call, as it depends on the scope of work and the package that best suits your needs. I also offer an initial complimentary consultation so we can determine if we're a good fit before any financial commitment.
What if I do not know my financial goals or feel overwhelmed by my situation?
What is your background and qualifications as a financial coach?
Having achieved significant personal financial freedom through the principles taught in Dave Ramsey's Financial Coach Master Training (FCMT) and Financial Peace University (FPU), I am passionate about empowering others. My twenty years as a mathematics teacher, particularly in areas like exponential functions that underpin financial concepts, equip me with a unique ability to demystify complex financial mechanics and collaborate effectively in the education process. I am dedicated to guiding individuals through their financial journeys with both mathematical clarity and behavioral insight.