A Ramsey Preferred Coach answers questions about financial coaching.

What is a Ramsey Preferred Coach?

Ramsey Preferred Coaches are professional coaches who have been trained extensively by the Ramsey team. Every RPC bases their financial advice on the Ramsey Princriples -- and they are on standby, ready to dig in to your situation and help you create a plan to reach your goals. A Ramsey Preferred Coach can offer Hope that Inspires Success.

How much does a Financial Coach cost?

Rates for Financial Coaches can vary, but hourly rates of $100 to $300 are fairly common. Annual packages with a Financial Coach may run into the thousands of dollars, so you will want to have specific goals in mind when you start working with coach so that the costs don't become a financial burden.

What is the difference between a Financial Coach and a Financial Advisor?

A Financial Coach works with clients with few assets who need general financial help.

A Financial Advisor works with clients who need help managing and investing their assets. An advisor provides options for developing an investment portfolio to build wealth for clients to meet future financial goals.

Is it worth getting a Financial Coach?

Practically speaking, a Financial Coach will help you set and achieve financial goals and develop good money habits. You should work with a Coach if you need help tackling these tasks: Budgeting, Getting out of debt, Savings goals, and more

What can Financial Coaches NOT do?

Financial coaching never provides specific securities or investment market recommendations. That is the role of a financial adviser who manages the wealth you have already built. Instead, financial coaching helps you build wealth in the first place. Once you have reached your fundamental financial success, the financial coach will connect you with the right financ