Why work with Bellwood Financial?
By becoming our client, you join the Bellwood family. We understand that each individual circumstances are unique, which is why we take the time to build a personal relationship with you in order to provide tailored assistance based on your specific requirements. Our sole interest is your financial wellbeing!
What is the difference between a money coach and a financial advisor?
Financial advisors are responsible for overseeing clients' finances, typically through the management of investment portfolios. They normally only meet once a year or when contracted, and often have complex fee structures.
A Money Coach is an individual who examines your complete financial situation. They create a plan to help you achieve your goals and hold you responsible. They may focus on daily money management such as spending, budgeting, saving, and debt reduction. They can help organize your financial life and build a healthy relationship with money. In the end, a Money Coaches main objective is to improve your overall financial well-being.
What does a money coach do?
A money coach can help you understand the key foundation of money management. They develop a practical and effective financial strategy to pay off debts, build an emergency fund, and increase savings. Money coach’s also hold their clients accountable to ensure that plans are being followed and they are making progress towards their financial goals.
What is a financial educator?
A financial educator is an expert in the financial service industry and teaches on the subject.
What is fee-only?
Fee-only is a set rate for the services provided rather than earning a commission on products a company may sell or trade. Fee-only offers advantages such as clear pricing, no hidden charges, and significantly more cost-effective over time.
How do I know if I need a money coach?
Are you making a good income but still living paycheque to paycheque?
Do you wonder where your money is going each month?
Do you feel like you are falling behind in life?
Do you have lingering debt?
Or do you have excess cash that you aren’t sure what to do with?
Are you unsure of what to do next?
Do you worry about your future and when you’ll be able to retire?
Would you reach your financial goals if someone was holding you accountable to your action plan?
Are you curious about what your life could look like if you had financial goals and stuck by them?
If you answered yes to any of these questions, then you could benefit from a money coach.
Who are your typical clients?
Our clients, for the most part, are 6 figure income professionals. They are open minded and willing to listen, learn and take action of their current financial situation.
What is the fee structure like?
With each client's unique situation and requirements, our fees are contingent upon the intricacy of your situation and the amount of time and effort required. Following a complimentary consultation, your coach will assess your needs and propose a service package tailored to your requirements. They will also provide a fee estimate and present payment options that align with your financial situation.
For money coaching, fees can range from $800 to $2000.
For financial literacy, fees can range from $1200 to $2500.
For our On Going support program, fees can range from $600 to $1200 per year.
Why are you so much cheaper than your competitors? What’s the catch?
No catch! Since we don’t have a brick and mortar, we pass those savings onto you.
How do I schedule the free consultation?
Head to our contact page! You can call, text, email, or fill out our contact us form. From there we will be in touch shortly and can schedule your free consultation.
How are meetings held and do I have to live in the Vancouver area?
We believe in person meetings are the most effective way of coaching. Since we do not have a brick and mortar, we meet our clients at an agreed upon location. Locations such as cafes, restaurants, libraries, in home etc. We travel across the lower mainland. Video meetings are always an option and occasionally recommended.
How often do we meet?
Depending on your financial situation, we create a plan to meet your specific needs. Each client has a unique process and we work around peoples schedules. We recommend monthly meetings for 4-6 months. From there, most clients switch to our ongoing support program and continue on a monthly, quarterly or yearly basis.
How long are appointments?
Individual sessions are typically 60-90 minutes. Couple sessions can range from one to two hours depending on the topic and circumstances. Group seminars/workplace are 3-4 hours.
Do you teach financial literacy for kids?
Absolutely! We are able to teach one on one sessions, or travel to schools. Contact us for more details.