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Frequently Asked Questions

Here you will find some frequently asked questions, and answers. If you have questions that are not adderssed on this page please feel free to send me an email on my contact page.

I cannot speak for all financial coaches or advisors, but I can speak for myself here. Most financial advisors and brokers are just sales people. They sell you different “investments” like mutual funds and annuities that pad their pockets with commissions. I am not a salesman, I am a teacher. Rather than sell you something, I teach you how to see whether you should buy something or not, how to find good investments, and how to control your own financial future rather than rely on HOPE that someone else is making the right decisions for you.
No, I do not approve of just giving anyone (including me) your money and trusting them to look out for your financial future. It is financially irresponsible! There is nothing wrong with using a financial advisor or someone who manages your investments, but you have a responsibility to know what is going on with your money. There have been too many incidents over the years to prove this to be a far too risky strategy. I am happy to help you and even refer you to advisors I trust to manage your investments, but you must understand how to evaluate investments and at least check up on your holdings on a regular basis.
A good referral is always a good first step. When you understand the game of investing then it is easy to spot those who are just sales people and those who really know what they’re doing and who are interested in helping you (not just selling you).

Some key questions I always ask are:

“What do they know about what they are recommending? (Who is on the management team of the company or fund?)”

“Do they own what they are selling?”

“Do you learn from them? (Are they teaching you anything or just telling you what to buy)”

“Do they bring you new ideas or just buy and sell what you ask them to?”

“Will they allow you to use limit orders? (Often brokers don’t like limit orders because they know there’s a chance the order may not be filled, and they don’t make their comission for the trade.)”

YES! Which one should you start with? That depends on you and your situation. I don’t believe that real estate is better than the stock market or that the stock market is better than real estate. It really boils down to what you are passionate about and interested in. Investing is a game and should be fun. If you don’t like what you’re doing, it will be difficult to become really good at it.
Generally I am against it because most people who consolidate their debt end up filing for bankruptcy, because they have not fixed the root of their problem, their poor money management habits. There is a time and place for debt consolidation and it can be benefitial. However you must first change your habits, then you have to find a good debt consolidation company. There are many scams out there and you should thoroughly research any company before using them. I recommend The Debt Healers if you choose debt consolidation.
I speak for all kinds of groups, ranging from schools, to local organizations and networks, to larger companine and organizations at conferences. My passion for helping others improve their lives allows me the opportunity to speak for audiences of all ages, genders, and backgrounds. See my Speaking page for more information.