Sun. Dec 4th, 2022


Remember M.S Dhoni’s magnificent strike from the 2011 Cricket World Cup that fulfilled billions of dreams?
The day was a landmark in Indian cricket history for all of us! Dhoni was undoubtedly the best captain, but he needed a coach to succeed in his career. In the life of a sportsperson, coaches are the light bearers.

The work of a coach is not limited to guiding technical expertise for the game. An effective coach focuses on the overall fitness of a player. Being fit and healthy is important, but we often fall out of our fitness regime due to a lack of discipline, a lack of time, and a lack of knowledge. In order to achieve your goals, a coach ensures that you work tirelessly and your progress is carefully monitored by him.

In the same way, a financial advisor acts as a financial coach who assists you in achieving financial fitness. Financial advisors serve as coaches to your money!

A financial advisor prepares you to manage uncertainties, lays down a tailored plan for you to follow & implements new strategies to improve your financial health!

The necessity of having a financial advisor

Discover the similarities between a coach and a financial advisor: The key shapers of an individual’s life.

  • Enhances your financial situation

As a player, you would have seen firsthand what your coach was like. They were responsible for making you practice a lot and instilling a disciplined habits in you. Among the most important qualities of a sportsperson are discipline, consistency, and patience. This is what a coach primarily focuses on!

Similarly, a financial advisor analyzes your current financial situation and develops a plan well-tailored to your needs. They understand your financial goals and by helping you follow the project, they get into a financial discipline. They help you make decisions that are in tune with reality, your goals, and your values!
They help you have a positive relationship with your money & guide you through the wealth-building process!

  • Protects you from making ‘The Big Mistake’

Protects you from making ‘The Big Mistake’

Without the technical guidance of the game, you might end up losing your individual game. It’s here where your coach steps in to provide insight.
Similarly, as Carl Richards, a New York Times distributor & author of Behavior Gap states “unless you see Warren Buffett in the mirror, you may want someone to help you”. A Financial advisor acts as a thick wall that protects you from making big mistakes, financially.

Investing and saving are both complex subjects to understand on your own. However, if you believe that you have apt knowledge, and available time to manage on your own then the financial world awaits you!

On the other hand, if you lack any of them (either TIME or KNOWLEDGE) then do not experiment with your hard-earned money. Personal financial advisors diagnose your financial problems and then take steps to rectify the same. Just like you trust a coach for your physical health you should trust financial advisors for your financial health.

  • Gets you ready for the wild ride of the market

During any series of tournaments, the hard work of the coach reflects on the performance of the team. A coach dedicatedly trains the team to perform their best. They continuously focus on factoring in new techniques/ methods for further improvisations.

Financial advisors prepare you for the next downturn in the market or sudden uncertainties. They save you from making sudden bad decisions during bad timing. Many investors have the tendency to save to pull out their investments when the prices are falling & invest when the prices are rising. Keeping this future uncertainty in mind, financial advisors align investment recommendations by considering your financial goals, risk appetite & time horizon.

They review your goals and portfolio and adjust if and as needed, whether to rebalance your portfolio, revisit your risk tolerance, or take advantage of potential investment or tax opportunities. By staying focused on your progress toward financial goals, you can avoid emotional decision-making during turbulent times.

Bottom Line:

“Small steps in the right direction are better than the big steps in the wrong decision”

Whether you’re working with a coach or a financial advisor, they will always work to steer you in the right direction. The best financial advisor for you will handle your investments if you trust him. Why do you visit the doctor when you have an injury?
The reason is simple: he can be trusted and knows what he’s doing.
Financial planners are no different!

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If you have any questions please do not hesitate to contact us anytime.





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