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Australian Finance Podcast
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.
39:48
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Quick takeaways
- Money coaching provides personalized support to help individuals manage financial behaviors and navigate life changes, fostering personal growth.
- Understanding the differences between a money coach and a financial adviser is crucial for selecting the right guidance for your financial journey.
Deep dives
The Importance of Diversification in Investing
Maintaining a diversified investment portfolio is crucial for building wealth over time. The focus is on utilizing low-cost, broad-based ETFs as foundational investments, which can serve as building blocks for financial growth. ETFs like BetaShares' AAA, A200, and NDQ provide exposure to various markets, enabling investors to manage risk while aiming for returns. This strategy underscores the importance of staying invested in diverse assets rather than trying to time the market.
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Discover
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