Question 1

What is a financial coach?

Accepted Answer

A personal financial coach is a supportive educator who helps you achieve financial freedom through multiple different personalized strategies. Certified financial coaches create a professional partnership that helps you reach your goals. Having a money coach can save your time and money by assisting you in avoiding any risky decisions that could negatively affect your finances.

Question 2

How is a financial coach different from a financial adviser or financial planner?

Accepted Answer

Financial coaches focus on growth, decision-making, and education to help you build wealth. In contrast, financial planners focus on creating programs for long-term financial goals such as investments, retirement, taxes, and estate planning.  Typically, a financial advisor is given control of the money you already have and does all of the work for you. Financial coaches do not provide investment guidance.

Question 3

What exactly happens during a financial coaching session?

Accepted Answer

In my “Ask Anything” coaching sessions, we will work together to create a plan consisting of budgeting, habits, self-reflection to start or keep you on your path to financial independence.

Question 4

Why would someone want to hire a financial coach?

Accepted Answer

There are many reasons to hire a financial coach if you want to level up your career, improve your financial results, and receive expert guidance on how to achieve your financial goals then a financial coach is exactly what you need.

Question 5

I’ve tried financial coaching before, and it didn’t work. How is your program different?

Accepted Answer

Financial coaching programs fail when there is a lack of relatability, action, and accountability. I help you overcome these hurdles by listening to your concerns, creating a personalized action plan, and sharing advice to keep you motivated.

Question 6

Do I need to be rich to have a financial coach?

Accepted Answer

Absolutely not! While some advisors require a minimum annual salary or investments to provide services, I do not follow that protocol. No matter where you are in your financial journey, we can work together. There is no shame, no stigma, and no salary limitations within the RLMM community.

Question 7

Where can I learn more about Rich Like My Melanin?

Accepted Answer

Rich Like My Melanin uses a variety of formats to teach and empower people about personal finance. Subscribe to my YouTube channel and follow us on Instagram @RichLikeMyMelanin.

Frequently Asked Questions