Evolve Financial Coaching

In case you have been wondering.........

Differences from financial coaching and other services

Financial Coaches: Focus on behaviors, habits, and foundational knowledge to empower long-term change.

Financial Advisors: Focus on managing investments, retirement planning, and complex financial products.

Financial Counselors: Typically work with individuals in severe crisis (e.g., bankruptcy, major debt management).

If you have a coupon for something or an item is on sale, do you think in your head that you saved x amount, or do you think you spent x amount?

The answer to this question is extremely important to understand the difference!

The power of compounding!

Want to do your future self a favor? Put money aside today that will MULTIPLY!

That's the name of the game of investing - literally multiplying money that you choose to set aside today. These multiples assume *roughly* a 7% rate of return, a reasonable post-inflation return you could expect investing for long time periods into a low cost index fund.

A common comment that comes on a post like this is that "that money won't be useful when I'm 55, I want to use it now!" and while that's a valid point, it's a bit simplistic. For starters, ask most 55+ year old people if they wish they saved / invested more, and the resounding answer is yes.

Even that fact put aside, I won't deny that there is ALWAYS going to be a utility to spending money now. The hard part is measuring utility now vs. utility in 10, 20, and 30+ years. Sure, you could get hit by a bus tomorrow and your utility in 10 years would be 0. But more than likely you won't, and you'll wish you had some money invested. Marginal utility of a dollar now vs. marginal utility of more dollars in 10, 20, or 30+ years won't always be easy to compare, but the reality for most people is that it's a BALANCE.

Enjoy your life now - you worked hard for your money and life needs to be enjoyed. But don't neglect the future - future you will probably wish that past you invested some money. It's possible to do both - you don't have to be miserable to prepare for your future, but you should make an effort to set aside enough money to make future you happy as well!

- Matt

Do you recognize any of the "Signs of Struggle" in the image below?

If so, and you are looking to better your financial future, please reach out!