Frequently Asked Question

Your Questions Answered

If you still have questions, simply reach out to me at

richard@highpointsites.com or richard@highpointcoach.com

What is a financial coach?

A financial coach helps you create goals and actually stick with them so you’re not just dreaming about financial peace—you’re living it. Financial coaching is different from any other finance-related job. CPAs help you with your taxes. Financial advisors help you with investments. But financial coaches work with you to create a start-to-finish plan for your money and help keep you on track.

Financial coaches often work with their clients over several sessions—focusing on anything from fine-tuning your budget to discovering your long-term goals to working through a real financial crisis. No matter the situation, financial coaches sit with you one on one (we call it “kneecap to kneecap”) to help you overcome the challenges that hold you back in your finances.

When should I work with a financial coach?

That’s the great thing about a financial coach—they can help you in any situation! Maybe you’re up to your eyeballs in student loans or credit card debt, or you’re having money fights with your spouse. Or maybe you have big money goals—like saving to buy a house or setting yourself up for retirement—but no plan to achieve them. Regardless, a coach can meet you where you’re at and steer you in the right direction to win with your money.

How much does a financial coach cost?

I always begin by offering a free consultation. If you choose to work with me and I see that you qualify as a prospective client, then there are several options on price. 

First - Free initial discovery session.  This first session is designed to get to know your prospective coach and it allows your coach to determine if you would be a good fit for financial coaching

 

Second, there is a flat fee per coaching session. I call this a one-off coaching session. Paying a fee per session usually is more expensive.  I usually do not encourage paying a flat fee per one or two sessions. 

Third, the best way to see results and getting the most bang for buck is through bundled packages and programs.  Each program is tailored to help you meet your objectives and goals. I customize each program to fit your particular needs.  It's never a cookie cutter approach.  As your coach I am your guide.  Your desired outcome of getting debt-free and building wealth will be determined by your willingness to begin to think differently. Thinking always precedes actional habits.

Fourth, as your coach, I always have your needs top-of-mind.  You are the key player in this game of life.  I am the coach to help you develop new thinking patterns and significant change of behavior.  

How do I pay for coaching when I’m broke?

Coaching is meant to put money back in your pocket, not take it out. It’s the best way to help you develop the right money habits and put an end to your money problems. Some people will ask if they can afford it, but maybe you should ask yourself, Can I afford to not get help from a coach?

If you’re trying to get out of debt, other options (like credit counseling and bankruptcy) only manage the symptoms. They don’t change the habits that got you there. And the cost of bankruptcy is more than a financial burden—it’s a stain on your personal record.

There’s no better way to establish good money habits than by having a personal money mentor who understands your situation. And sidenote: You should never be ashamed of your financial struggles when working with a coach. I'm here to encourage you. I'm a trained professional who work with people from all walks of life and all ranges of income. Whatever you’re going through, it’s okay.

Will you set up a payment plan for my coaching fee?

No—mainly because we don’t want your coach to become your creditor. I'm working to get you out of debt, not deeper in it. Instead, we ask that you always pay your coach in full up front.  I always start a coach/client relationship with a free discovery coaching session to see if we might be a fit for each other. 

What is your affiliation with Dave Ramsey?  Are you employed by him?

I'm not employed by Dave Ramsey or Ramsey Solutions.  I received my training from Ramsey Solutions and have two certificates. The first certificate I received was the "Financial Coach Master Training" and the second is the "Ramsey Preferred Coach Training". Both certificates are based on the principles and practices by Ramsey Solutions. 

How do I get my spouse on board?

Marriage is not “me”—it’s “we.” Working on your finances together is the only way to succeed when it comes to money. Not only that, but many couples also find that talking about money actually reduces stress in their marriage. It’s so important, we’ve made it one of our core teachings. If you’re having difficulty getting your spouse on board, let your coach know.

How do I prepare for my coaching session?

The great part about working with a financial coach is that they’ll guide you through every step of the process. But during your first consultation, your coach will ask questions to get to know you—your goals, your dreams, your past, your pain points, etc. So be sure to have your answers ready.