Why seeking help with your finances is the smart thing to do

User Written by Lynda Calver on July 05, 2018.

Why seeking help with your finances is the smart thing to do

Football fever currently has the world in its grip! Have you been watching the FIFA World Cup? From goal-scoring champion Harry Kane to prolific striker Edinson Cavani, I am totally in awe of these talented players performing feats of sporting prowess. And behind every team is a coach, not to mention an army of professionals including physios, doctors, psychologists and nutritionists, to help them reach the top of their game and ensure that they are at the peak of their physical fitness exactly when it matters.

No-one would consider a sportsperson weak or lacking just because they have the support of professionals to prepare them for their competitions and tournaments. Yet when it comes to our personal lives we often see it as a problem if we need to call on outside help. That’s just ridiculous.

The biggest names in business from Warren Buffet to Richard Branson have all used coaches at some time. For a business person, it can be invaluable to have the ear of someone not directly involved in the company to give feedback and bounce ideas off in order to improve performance. This was the message that came out loud and clear from a survey of over 200 business leaders by Stanford University, two thirds of whom would like to receive outside leadership advice. Even the mighty Bill Gates thinks that ‘Everyone needs a coach’.

And I believe that his mantra rings true when it comes to finances. Everyone, from business billionaires to teachers, lawyers, nurses and freelancers, would benefit from having a financial coach, aka an adviser. When you are bogged down with the day-to-day effort of earning, paying the bills and running a household, it can be really tricky to focus on what you are trying to achieve financially in the long term. It can also be baffling to try and make sense of all the financial products in the marketplace and work out which are the best ones for you to grow and protect your wealth for the benefit of you and your loved ones.

A good financial adviser will take the time to understand your unique personal situation and review where you are at financially then, just as a sports coach will set targets and goals for their protégée, they will help you to set some clear financial goals and propose solutions to help you attain them while encouraging you to keep on track when you start to lose motivation.

In the world of fitness, coaches aren’t reserved for the professionals, many ordinary people employ personal trainers in their quest for physical fitness. Similarly, financial advisers aren’t just for the likes of the super rich. Having someone neutral on board to help you achieve financial success will bring real benefits whatever you do and regardless of how much money you earn.

If you like the idea of having a financial ‘coach’ in your corner to help you achieve financial success, why not contact me for a no-obligation chat? That doesn’t make you ignorant - it makes you very, very smart!

Lynda Calver

Lynda Calver

Posted on July 05, 2018 in Investments.