What Is Wealth Coaching?
Wealth coaching (sometimes referred to as financial coaching) focuses solely on you, the client. It is a personal service, designed to define tailored wealth possibilities and provide you with the tools to understand what matters most when navigating global financial markets.
After completing the series of sessions with Corry Wealth Coaching, you will be in a stronger position to manage your own money and make informed investment decisions, which bring you closer to financial freedom and therefore early retirement. Combine this with identifying what makes you tick as an individual should lead to an increase in the quality of your life.
Wealth coaching differs from financial advice in many aspects, where the latter focuses solely on an investment portfolio by providing specific securities and investment advice. The financial adviser business model is driven by managing money you already have. Clients of this model effectively hand over control of their investments to a financial adviser who acts on their behalf, often with minimum intervention.
With Corry Wealth Coaching, you the client take full control.
Never spend your money before you have earned it.Thomas Jefferson
Why Wealth Coaching?
Judging by the low global savings rate currently, many individuals will be unprepared for retirement when it occurs. Those who recognise this helps explain why more and more individuals in Australasia, the UK, Europe and the USA are now seeking help from a wealth coach.
When it comes to managing money, however, many individuals feel lost (finance is a vast and often complex subject). On one hand, some see greater financial management as burdensome (i.e. more individual organisation with lesser spontaneity), while on the other, some see it as a mark of responsibility and independence (a liberating aspect which Corry Wealth Coaching prefers to focus on).
Regardless of which camp you are in, the sad reality is that many are unprepared for financial independence or retirement. Currently ~95% of the American population is failing to retire with sufficient financial security (with savings of less than US$10k at the time of their retirement).
And although this problem is particularly acute in the USA, Hong Kong's Investment Funds Association also sees trouble ahead, estimating that individual retirement savings will fall short by around HK$2.1m. This is a troubling state of affairs which Corry Wealth Coaching sessions address to help remedy.