If you have a great coach, you need not wait for 28 years....

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

Unlike the World Cup victory which took 28 long years, Wealth Creation can happen much faster if you have a good financial planning coach to guide you...

 

And of course, it is possible only if you get a coach who is best in the business, like Guru Gary for the Indian team...

 

And how can a financial planning coach add value to your financial future? 

1. A good financial planning coach (FPC) will be a great listener: 

Listen... Listen more... Listen even more..

Key mantra for a great coach...

 

 

Important trait of a good coach is to listen to his wards. Listening is key the to understand the background and find out solutions. Same applies to a financial planning coach as well. An outstanding FPC will be able to listen to his prospects very patiently before embarking on any plan.

2. A great FPC will understand the needs first:

A good coach should understand the needs of his pupils first. Same is the case with a FPC; a client should first be assessed on the needs before taking things forward.

3. Assist you in identifying your life goals:

 

A good coach should assist his pupils on identifying the goals. It can vary from from one to one, but every one need goals to move forward in life.  A good FPC will also assist his clients on identifying the goals for their future, based on which the plans are made and firmed up.

4. Assist clients in making a robust financial plan: 

A coach will make a detailed plan for each of his players based on his understanding and their needs. Same is the case with a financial planning coach, who will be able to use his expertise and frame a comprehensive plan which will eventually benefit his clients.

5.Effective plan execution:

A role of a coach is to be a key observer and ensure effective implementation of the plan meant for his pupils. A financial planning coach's role is equally critical as he is the one who implements the plan to perfection.

6. Monitor and review the progress of the plan:

The role of a coach does not end with planning and implementation; it's a continuous process of review and monitor and any re-adjustments if required. As in the case of cricket or any other sport, the FPC constantly monitors and reviews the plan for effective implementation and working of the plan.

7. Lead to financial success:

The ultimate goal of a coach is to lead his team/student to roaring success. Like the guru Gary guiding the Indian team to eternal glory. Same is the case with a FPC. His role is to ensure financial success to his client and the family.


Do speak to your financial planning coach @ Money Avenues to know more about investment opportunities and financial planning solutions.

Do drop in mails to finplancoach@gmail.com

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at: finplancoach@gmail.com)

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