FINANCIAL COACH: How to Become a Financial Coach

financial coach
image credit: The Economic Times

Any area of your life can benefit from the guidance and accountability provided by a skilled coach. With money, it’s extremely helpful to have a connection like this in place. After all, managing your finances can be a challenge. It’s a mix of emotions, encounters, and plain learning. As a matter of fact, money has a lot of blind spots. In many cases, we have no idea whether we’re making excellent choices. It’s not always easy to know how to go back on track or what questions to ask if we’re convinced we’re not. A financial coach like Dave Ramsey can be helpful in this circumstance. There are many benefits to hiring a personal financial coach. expert, cheerleader, and accountability partner — that’s what they are. In this article, you will learn more about the certification of financial coach jobs, and the amount of salary they attract.

Financial Coach?

A financial coach is someone who helps you get a better handle on your finances and stay on track so you can reach your financial goals.

Julie Genjac, managing director of applied insights at Hartford Funds, compares a financial coach to a personal trainer whose job is to help you talk about, set up, and stick to good habits. A financial coach is like a personal trainer in that they help you understand your relationship with food and exercise, come up with ways to stop your natural desires from getting in the way of your efforts, and encourage you to stick to your plan.

“Financial coaches are there to help you build a good relationship with money and figure out what drives you to save and spend,” Genjac says. “They can also help you build accountability into your future decisions.” “(They) know you and how you think, and they help you stay on track with your money by guiding your daily actions and thoughts and, most importantly, by praising your small wins.”

What Does a Financial Coach Do?

Eben Burr, president of the Behavioral Investing Institute in New York City, which is a behavioral and financial coaching service offered by Toews Corp., says that “financial coaching is setting up processes and tools to balance the client’s behavioral and financial needs.”

A financial coach helps you set up good habits and goals for your money. These can be anything from managing money day-to-day to making plans for long-term goals. He or she can help you fix your money.

Financial coaches often meet with their clients once a week or twice a week, just like therapists do. This relationship could last a few months or a few years. It begins by assessing the client’s financial condition, including spending habits and strengths and limitations. Furthermore, they assist clients in defining goals and making financial strategies that consider their strengths and shortcomings. A financial coach also acts as a partner in accountability to make sure that clients stay on track to meet their goals and keep getting better at managing their money.

How to Become a Financial Coach

You don’t need any licenses or certifications to become a financial coach. Just having lived can be enough. Still, you can improve your chances of having a successful career as a financial coach by taking certain steps.

#1. Educate Yourself

Even though there are no formal education requirements to become a financial coach, many experts recommend at least looking into getting FINRA licenses or more formal education.

Burr says that financial coaches who aren’t also advisors wouldn’t be able to help their clients as much with financial planning and portfolio building. He thinks this person may resemble a financial advisor and work alongside a CFP.

Your firm’s compliance department may need to approve your financial coaching business if you’re a licensed financial advisor.

Getting a certification or more formal education, like the Association for Financial Counseling and Planning Education’s “accredited financial counselor” designation, will only help you learn more and find clients.

#2. Find a Niche

To do well as a financial coach, you’ll need to offer services that are different from those of your competitors. Think about how you feel about money and what you’ve done with it. Do you have any specialties that you can focus on? For instance, if you were close to filing for bankruptcy but were able to avoid it, you might decide to focus on managing your cash flow and getting out of debt. If you’ve been divorced, you might want to focus on divorce financial planning in your financial coaching business.

#3. Look for Partnership Opportunities

If you’re not a financial advisor, you could talk to other advisors in your area to see if you could work together. Genjac says, “Financial advisors deal with a lot of moving parts every day, and it can be hard for them to be their clients’ accountability partner every day.” “A financial coach could be a great addition to the tools that a financial advisor offers.”

#4. Be Honest in Your Marketing

Remember this: “In order to practice law, you must first be a lawyer.” If you aren’t, you aren’t an accountant. Unless you are, you are not an expert in compliance. “According to Burr, take care with your skills and how you show yourself, as well.

When Are Financial Coaches Worth It?

Investors don’t have to choose between a financial coach and a financial advisor. You can have both a financial advisor and a financial coach, and this is often the best way to handle things.

Burr says that a financial coach could help you if your feelings are getting in the way of making good financial decisions or if they are making you make choices that are bad for you. Every advisor should ideally do some emotional coaching, like helping clients get their feelings under control before they start telling them what to do with their money, but not all advisors are willing or able to do this.

Advisors can help their clients figure out what they need by comparing how their clients feel to what the advisor would consider “normal” in a given situation. Burr says that you might tell a client to find a coach if they are worried about their investments more than you think is normal.

Burr says, “A financial advisor’s job is to put together financial tools into a plan that has a good chance of working while preparing clients for problems that might come up and helping them through them when they do.” “A coach can be called in to find out what’s stopping the client from sticking to the plan and help them build the strength to get through it.”

Financial Coach Salary

As of February 2023, the salary of a financial coach in the United States was $39,346 a year.

If you need a simple way to figure out how much that is, it comes out to about $18.92 an hour. This is about the same as $757 per week or $3,279 per month.

There is a Financial Coach salary as high as $54,500 and as low as $19,500 per year, but most are between $33,500 (25th percentile) and $49,000 (75th percentile). The highest salary for Financial Coach in the United States is $54,500 per year (90th percentile). The average range of salary for a Financial Coach is very wide (up to $15,500), which suggests that there may be many ways to move up and make more money depending on skill level, location, and years of experience.

Financial Coach Jobs

We will consider some prominent firms where you can find financial coach jobs.

#1. CEG Worldwide

CEG Worldwide is committed to helping financial advisors turn their businesses into simple, elegant wealth management businesses that make them indispensable to the right wealthy clients. We think that a financial coach can build amazing, meaningful lives by doing great jobs for fewer, wealthier clients. They can do this faster and with less effort than they ever thought possible. Financial advisors hire us to help them have a bigger impact on their clients, increase their net incomes, and make everyone’s lives better.

Our coaches are an important part of our ability to give our advisor clients a great experience and help them get the results they want.

This job is for an independent contractor who works from home. The candidates must be able to coach for at least 50 hours per month.

#2. Dragon Financial

Dragon Financial offers financial coach jobs for new retirement & Financial Coach to join their team. As a Financial Professional who is just starting out, you can speed up your own success. You can move forward as quickly as you want and can work from anywhere! Build up your own business and be able to tell other people about the opportunity to get more bonuses.

#3. Tardus Wealth Strategies

Tardus Wealth Strategies is a wealth coaching business that is growing quickly and wants to start a “Wealth Revolution.” Our innovative salary strategy for financial coaches focuses on cash flow and alternative investing techniques. We already have a skilled sales team that brings in new clients every month. We’re looking for influential and easy-to-get-in-touch-with financial coaches to help our clients use our system and do well with it.

You’re in the right place if you want to help build and keep clients for life and become part of a real powerhouse as we continue to grow across the country. Passion, commitment, and respect are some of the most important things we do to make sure our clients are happy. If you want to join our team and get financial coach jobs, and a good salary, you need all of these things (and more!)

#4. Operation HOPE

Operation HOPE has worked for the past 25 years to give everyone financial coach jobs and dignity by giving underserved communities the tools they need to learn about money. Programs for Operation HOPE’s youth/young adults are geared toward assisting the future generation to become financially self-sufficient adults. We give young people the financial education, coaching, and connections they need to have a better future. We help people achieve their goals and overcome life’s challenges to become financially independent.

#5. TLG Financial Foundations

Accounting, advisory, and consulting firm TLG Financial Foundation helps businesses create cash flow, cut costs, and make more money. They are experts in the construction, non-profit, and education fields. They want to find a financial coach who can do the financial jobs for their clients well, and their salary structure is good too. The coach will help set up a financial plan, analyze cash flow, make a budget, and act as a link between the client and the bookkeeper. The ideal candidate can recognize internal problems, propose solutions, and adjust coaching methods and tools to improve organization results.

Financial Coach Certification

If you have a financial coach certification, it can add to your credibility. New clients may also feel more comfortable with you if you have a certification. After all, people are more likely to trust someone with experience in the field.

Make sure your financial coach certification is real before you choose it. There are a lot of organizations and “experts” out there who offer classes and tutorials on money management. Even though these might be helpful, you can’t put them on your resume as official financial coach certification.

Your best bet is to stick with official certification organizations that offer credentials that are accepted across the country. So, you’ll know that the information you’re getting is real and not just a scam.

Types of Financial Coach Certifications

Even though there are many financial coach certifications, there aren’t many for being a financial coach. All of these organizations are certified and are known to be real in the field of financial coaching.

#1. Financial Fitness Coach (FFC)

The Association for Financial Counseling and Planning Education gave this financial coach certification (AFCPE). The AFCPE is one of the best financial certification organizations in the country. It has three different education modules that will teach you how to help clients change their financial habits in a way that will last.

#2. Certified Personal Finance Consultant (CPFC)

The National Financial Educators Council gave this financial coach certification. During the 180 hours of training and practice in this program, you will learn everything you need to know to be a good financial coach.

#3. Certified Financial Education Instructor (CFEI)

The National Financial Educators Council also recognizes this qualification. Enrolling in this program will give you the knowledge and abilities you need to teach financial literacy classes to others.

Financial Coach- Dave Ramsey

Dave Ramsey Solutions, which is a bigger company, is in charge of Financial Coach Master Training, which also offers certification. This organization has a LOT of different parts. They talk about Rachel Cruze, Christy Wright, Ken Coleman, and other “Ramsey Personalities.” These branches also take care of the money lessons for K–12, college, and Financial Pace University.

The live events that financial coach Dave Ramsey puts on, such as FPU Live and Smart Conference, are also a very important part of the company. I could say a lot more. The point I’m trying to make is that this company is HUGE and has grown a lot in the last ten years. It has also helped millions of people get out of debt.

Who is a financial coach?

A financial coach is a specific kind of counselor that may assist you in achieving your financial objectives by imparting knowledge of money management techniques including how to accumulate savings, formulate a financial strategy, or pay off debt. Although a financial coach can assist in enhancing your financial literacy, they are probably unable to offer you investment guidance.

What is another name for financial coach?

Financial coaches may also go by the names of money coaches, financial wellness coaches, and other similar titles.

How do financial coaches get clients?

Establish connections with local churches, insurance agencies, real estate agents, other financial services professionals, and most especially your family and friends.

How do you become a financial coach?

Although there are no official academic requirements to become a financial coach, many experts advise at least considering obtaining your Financial Industry Regulatory Authority (FINRA) licenses or another type of schooling.

What is a financial coach not allowed to do?

Financial coaches are not allowed by law to give you advice or make suggestions on how or what to do with your money because they are unlicensed. A financial coach, for instance, cannot advise you specifically on investing or suggest which stock to buy.


Financial coaching is a type of coaching that is made to fit the needs of each client. These people are a mix of traditional life coaches and financial planners.

Even though they don’t usually give specific financial coach advice like dave Ramsey, they can help you get your finances in better shape overall. Financial coaching includes creating a spending plan, analyzing cash flow, and paying off credit card debt.

Unlike financial advisors, financial coaches help their clients understand how their attitudes and beliefs affect their overall financial situation. They help lower financial stress, which can improve health and toughness.


The fact that financial coaches are not licensed means that they are not allowed to give you financial advice or recommendations.

Are financial coaches worth it?

Financial coaching can be worth the investment of time and money because it will help you streamline your finances and arrange your finances so that you can take action.

How much is a Ramsey financial coach?

Dave Ramsey Solutions-trained financial coach Master Financial Coaches are self-employed and set their own rates. For the intake session, a Ramsey in-house coach’s price is $175, however, the cost of additional sessions is $150.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like