Money coach or financial adviser: what's the difference? Gemma Mitchell explains

Nov 21, 2024

Gemma Mitchell, a qualified financial adviser and seasoned money coach, shares her inspiring journey from moving out at 16 to her insights on personal finance. She dives into the difference between money coaching and financial advising, emphasizing the value of setting bold financial goals. The chat highlights how money coaching can help overcome limiting beliefs and unhealthy financial behaviors. Gemma also discusses how to find the right coach and the costs involved, making financial wellness more accessible for everyone.

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Episode notes

Intro

00:00 • 3min

Journey into Finance: A Personal Inception Story

02:46 • 2min

Navigating Financial Choices

04:21 • 19min

Navigating the Costs and Value of Financial Coaching

23:03 • 3min

The Rise of Money Coaching

25:47 • 8min

Finding Your Financial Coach

34:07 • 6min

Gemma Mitchell is a qualified financial adviser and experienced money coach. Gemma joins Owen on this audio + video episode of The Australian Finance Podcast to share her story of money, personal growth, financial advice and coaching.

Episode resources

Get a money coach: https://bit.ly/money-coaches
Get financial Planning: https://bit.ly/R-plan

Topics covered:

Gemma's story of moving out at 16 and living in London by 18
Setting bold financial goals and overcoming limiting beliefs
What is money coaching?
Why use a money coach versus financial adviser?
Debt counsellor versus money coach
How much does money coaching cost?
What can a money coach talk about?
How to find a good money coach

Series resources

Ask a question: https://bit.ly/3QtiY00
Access Show Notes: https://bit.ly/R-notes
Rask Community: https://bit.ly/3UkFWel
Property Coaching: https://bit.ly/R-P-coach
100-point property checklist (PDF): https://bit.ly/prop-check
Accounting with Grey Space: http://bit.ly/3DG5lWS
Business Coaching: https://bit.ly/o-coach

Pearler, the broker for long-term investors. Sign up using code “RASK” for $15 of Pearler Credit: bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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