3 Signs You Need to Hire a Financial Trainer
Financial advice used to be a service reserved for the elite. Today, there are a range of financial services available to meet different needs. This ranges from traditional financial advice, to personal budgeting and debt solutions providers, to financial trainers.
If you’re asking yourself, what’s a financial trainer?
In a nutshell, a financial trainer is like a personal trainer, but for your finances.
If you identify with any one of the three statements below, it 3 Signs You Need to Hire a Financial Trainer
might be a good time for you to engage a financial trainer.
1. This whole financial thing overwhelms you.
Maybe you’ve just started trying to figure out your financial situation. There are a number of apps, books and blogs available to support you on your journey. However, the amount of information available and trawling through your own financial information can seem daunting. A personal financial trainer is a great investment to help get you on the right track and create a personalised plan to reach your goals. A financial trainer will challenge you to become and/or remain accountable to creating good money habits to help you achieve your financial goals.
2. You aren’t seeing the results you want.
Perhaps you’ve been trying to do this by yourself, but you’re not hitting your 3-month financial goal, again. Or perhaps you got great results for the first few months, but now you’ve hit a plateau or even gone backwards.Through your personalised plan, a personal financial trainer can enhance your focus and give you that extra push to do more than you thought you could to achieve your goals.
3. You want to prepare for a specific event.
Are you planning to get married or thinking about starting a family? Maybe you’d love to take a year off work and travel the world or change careers. All of these events require proper financial planning for the best results.
A personal financial trainer can help take the stress out of life events by helping you develop a plan based on your circumstances and goals. Engaging a financial trainer to plan for life events two to six months in advance can give you time to better prepare for what lies ahead.
An Australian-wide study in 2017 revealed that more than half of the population has given up on a dream because of money. This includes dreams of travelling overseas, education or early retirement.
The Suncorp Financial Wellbeing Study included over 3,200 responses and found that money is a topic that over a quarter of Australians find hard to talk about for fear of judgement and embarrassment. However, talking about your money situation with a financial trainer you can trust can help you understand your financial mindset, become more confident about money and improve your financial situation.