Money with Paul

In the past, you had two options for learning how to manage your money.

1. Figure it all out on your own. Try to piece together what to do from the media, who know nothing about money, and hope you don’t get it wrong.

2. Hire an expensive financial planner to do it all for you. Yes, it’s easy — someone else does it for you. But you have no idea what they have done, or understand why but more importantly – you still keep spending too much and get into debt or just don’t save and you likely don’t even know how much they’re actually ripping you off for this service. You’ll be shocked.

You can certainly figure out personal finance on your own. I did. But it took thousands of hours (and pounds, and sleepless nights, and mistakes) to do.

That’s why many people choose option 2. Or simply don’t do anything and keep carrying on not getting anywhere.

Let’s take a closer look at the fees you would pay. Many financial advisors will charge you a 1% AUM, or assets under management, fee (this is actually on the low end of the fee scale). Sounds good, right? 1% isn’t that much?

Did you know that a 1% fee will cost you 28% of your lifetime returns? 

Let’s get even more specific. 

If you’re investing £10,000 per year for 40 years, a commission-based financial advisor could cost you £439,386.20.
If you’re investing £25,000 per year for 40 years, a commission-based financial advisor could cost you over £1 million.

And those fees go straight into a commission-based advisor’s pocket!

I have no problem paying premium prices for great-value products and services. But there is no reason to pay a percentage of your assets to an advisor. Ever.

Smart money management = money coaching

I hate seeing people ripped off by financial advisors. I know they do good work for the right people. But for most, they actually make things worse. And I hate watching people not do anything with their money because they’re trying to figure it all out on their own. 

That’s why I created Money with Paul. Think about what coaches do: 

• It’s important to ensure that you have a good grasp of the fundamentals.
• Light a fire under you when you’re coasting instead of cruising
• Encourage you and cheer you on
• Celebrate your success and keep you on the right path to achieve your goals

Why do you need a financial coach? Think about it like this: You’ve got big dreams, but you’re stuck trying to decipher financial jargon that reads like an alien language.

Enter: your money coach. They’re your personal finance guide, turning those complicated terms into everyday lingo you can actually understand. And using your situation to explain how it fits in with your goals and values.

Ever feel like you’re working hard but your bank account doesn’t reflect it? Your Money coach is your personal wealth-building ally. They’ll help you devise a strategy to maximise your earnings and grow your wealth and clear debt.

And let’s face it: money stress? It’s a true joy-killer. Your financial coach is like your own personal stress-buster, helping you set up systems to manage your money seamlessly so you can sleep like a baby knowing your finances are on track.

So, why do you need a money coach? Because it’s time you stopped just dreaming about how your life should be and start living it. That’s what Money Coaching can help you achieve

When you join Money with Paul, I’ll help you:  Identify problem areas in your finances — and fix them once and for all. The programme has a framework but the coaching is flexible and will work at your pace. By working with me you will have a simple money plan that fits you like a handmade glove. I’ll help you stay on track with regular check-ins and guided lessons to help shape your money attitude to prevent you from making the same mistakes again.

If you’ve been meaning to get your money in order for a while — or you’re just ready to stop being kept awake at night from the stress of it all — this is for you.