3 Reasons Why You Need a Financial Coach

Are you having trouble balancing your budget or getting out of debt? Good news, there's hope.

Financial coach Reno

Imagine you're training for a triathlon. It's one of the hardest athletic events in the world. It involves biking, running, and swimming all in the same day. Most triathletes rarely train for something like this by themselves. They get a team or a coach in their corner to train for each part of the race . This helps athletes run faster, swim smoother and bike harder.

Being physically fit is similar to being financially fit. And the best way to get fit is to have somebody training YOU to build the money muscle. That's where a financial coach comes in. As the owner of Prosperity Concierge in Reno, I'm here to help get your finances into shape and set you up for financial freedom.

What is a financial coach?

Many ask; what does a financial coach do? Basically, financial coaches work as your instructor and advocate, helping to set up your short and long-term financial goals.

Many people are apprehensive to reach out for help when it's their money. It is a personal topic and often involves many emotions. It can be tough, but recovering from debt and building wealth is easy when you have the right team.

If you're not sure about how to save, learn about investing or balance a budget - that's where I come in. Here are just a few tips to ease your mind on why you should consider using us as your next financial team:

1) Helping you save more and spend less

The goal here is to work together. Let's say you want to go over your budget for the next month or you're having trouble saving 15% of your paycheck. Financial coaches want to make sure you're setting clear goals and have visibility over your finances.

I like to meet with clients when it's convenient for THEM. We meet for coffee or wherever they feel most comfortable to go over their expenses. I want to make sure we set goals that help you put more in the piggy bank and know where every dollar is going throughout your budget.

2) Coaches get you out of debt faster

Debt can be crippling. The mere thought of looming payments and increasing interest rates can cause anxiety and panic. Many of us have experienced spending frenzies, new accounts, compulsive buying, and risky investment behavior. Everyone makes mistakes and we are here to help teach you how to avoid them. Here's the good news: there is a way to become debt-free!

Prosperity Concierge will help you list out all your debts to help you tackle each one with long-term solutions. Paying off debt is great, but learning to stay out of debt is priceless. Debt management may be stressful - but a financial coach wants to show you there is a light at the end of the tunnel.

Not only do we help manage your debt, but we can help improve your credit score and manage your expenses to prevent having to use those accounts.

LET US HANDLE YOUR DEBT

3) Lessons for the present - and the future

Again, financial coaches are like teachers. At Prosperity Concierge we want to help you develop the skills to pay off debt and stay debt-free. Give us a call today, we're here to give you a roadmap to your future.

Wealth building begins with breaking old habits and creating positive new ones. For coaches, we want to push you to saving that extra change, not being scared to look at your checking account, and passing the lessons on to those in your circle to create generational wealth and healthy buying behavior.

Ready to get somebody in your corner?

We know how important accurate financial management is for growing wealth. If you invest your time with us, the return will come in more than a rising bank account and credit score. You will gain knowledge you can take with you through life and retirement.

Christine Matlock is a local Reno bookkeeper and financial coach who’s proficient in handling business expenses, creating budgets, using QuickBooks, and developing financial confidence. See how she can help your business improve its bottom line! Connect with her today!

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Your Questions Answered: Advice from Christine Matlock - Reno Bookkeeper and Financial Coach

Anyone who runs their own business knows how much work, passion, and commitment goes into it. Though being a business owner isn’t easy, it’s 100% worth the perseverance and dedication that you give it. While you’re busy trying to build your empire, who’s focusing on your finances? If you’re doing it yourself, which most business owners are, how do you balance it all?

Creating a successful business takes a lot of time and effort from you, but it also requires some outside resources. For you to focus on important business objectives like creating new ideas and opportunities, you need to hire some professionals to help you maintain your other business essentials. Consider hiring Christine Matlock for Reno financial coaching and bookkeeping services. Here’s some more advice from the professional herself.

What advice can you give me on running a successful business?

My best advice - hire a bookkeeper and a business coach right away. Be sure to have an attorney, CPA, and insurance agent relationship for those business needs and join a networking group like BNI to start making connections. At Prosperity Concierge, we offer Reno financial coaching and bookkeeping services tailored to meet your specific financial needs. Along with this, we’ll recommend preferred business partners for your business as well. Instead of searching for a CPA or an attorney yourself, let us do it for you. We can refer you to the right people to help your business run as smoothly as possible, giving you the gift of time while increasing your bottom line.

How do I choose the right payroll service for my business?

Choosing the right payroll service depends on many things, such as:

If you have one or two employees, then maybe an online payroll service like Gusto or Intuit Quickbooks payroll is the right fit for you. However, if you have ten or more employees, you may want to go with a specialized company such as BBSI, which offers more than just payroll. They can assist with recruiting, workers’ compensation, drug testing, and other human resource tasks.  Prosperity Concierge is here to help you decide how to run your payroll by partnering with Gusto, Intuit, and BBSI for payroll and Reno bookkeeping services. Payroll services are not expensive and are highly recommended. Let Prosperity Concierge guide you to the right payroll and bookkeeping services in Reno, NV for your business.

What are some tips you have for budgeting money throughout the month?

“Budget” can be a dirty word - but it doesn’t have to be. To us, budgeting simply means telling your money where to go instead of wondering where it went. A budget doesn’t always have to be restrictive. We can help you find ways to save money and build wealth, all while still enjoying life with our Reno financial coaching services. We can certainly help you with an intense budget with strict guidelines to help you pay off debt fast and make some behavior modifications. Having a written budget with all of your monthly expenses listed and your monthly income accurately accounted for each month is key to financial success. And prioritizing the essentials like housing, utilities, clothing, transportation, and food is critical. Most of these categories have a consistent amount each month and leave you with peace of mind knowing what has to be paid and the money you will have left for other bills.

Consult a Reno Bookkeeper and Financial Coach

Prosperity Concierge can help you assess your finances to determine the best ways to use your hard-earned money. Do you have vacation goals? Want to buy a house? We can help with our financial coaching and bookkeeping services in Reno, NV. Let’s start building wealth and leave a legacy of financial literacy for your children and generations to come!

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