Why this Approach to Wealth Management is Life Changing

It’s an interesting topic this one!

Many people benefit from working with a Life Coach, who’ll help you break through barriers, break habits, make lasting change and create new aspects to life that you really desire to change. Indeed, as you know, elite performers all have coaches to help them achieve their goals and the value and impact is becoming more and more recognised in business and life in general to have a coach.  

A coach isn’t a “paid friend”, they are a professional resource you’re investing in to help you achieve something really significant, understand your reasons/big why and able to challenge to help you grow.

One thing that I feel especially passionate about, is incorporating wealth management and wealth creation with Life Coaching.  Wealth is one of the facilitators of your lifestyle for every day, not just for retirement.

Far too often I hear people talk about their experiences of financial professionals who are product focussed - not truly client focussed, so I want to provide you with some free guidance/tips to support your planning:-

Being encouraged to invest into areas that you know nothing about, nor the tax implications if you select the wrong environment is quite concerning, please be careful.

So I hope the following guidance helps.

Step 1

If you start at the beginning, and map out your goals, once you decide what your specific goals are and you have agreed the relevant timescales, then you can plan the financial structuring.

Step 2

This is where you need to establish the actual monies required, and also take into account inflation. £50,000 today may not necessarily have the same buying power in 10 years time, nor 20 or 30 years! please bear this in mind.

Step 3
Whereever you decide to invest into the markets or deposit funds, ensure you are investing with a strategy to achieve your desired outcome in line with your goals. If for example you need to achieve a 5% return, look for markets that constantly provide this level of return over long periods.

Its a good idea to ensure that you are not investing on the crest of a market that is about to undergo a market re-adjustment - basically a market crash however great or small. This could take a number of years to recover which could impact on your timing/expectations of returns.

Step 4

Be sure that you structure your investment choices in line with your desired returns which also meet with your tolerance to volatility.  It’s all very well having a top performing fund/tracker, but you need to understand how this fund will fluctuate and whether you can handle and accept fluctuations.

Ensure you know which is the most tax efficient area. In the UK, Individual Savings Accounts (ISA’s) offer great tax efficiency with relative easy access subject to the timing of any encashment you may make in the future. It can also provide tax efficient income at a later stage should you require.

However, if you want to plan for your retirement years from age 55 onwards, pension wrappers offer great tax advantages. You get tax relief on your contributions and the fund grows tax efficiently.  It’s important to understand the rules of encashment are slightly different, but given the recent changes, they offer great flexibility, and if you're looking to build large amounts of wealth, then a pension wrapper can offer tax efficiency in line with your Inheritance Tax Planning.

Having a combination of the 2 investment vehicles can compliment your tax efficiency with your overall portfolio of savings.

Remember, a Life Wealth Coach is not going to tell you how to live your life, but will support you in creating the life you desire by sharing knowledge, mindset skills, motivation where required along with financial capability to help you fund your dreams.

If you want to retire at a certain age, ask yourself for what reason? When you start to ask yourself the real reasons behind why you want to achieve the goals you set out, you can often take a different approach and potentially a different set of decisions.

Don’t spend thousand’s of pounds going to various seminars which may promise “Getting rich quick schemes”. Some find themselves entering into pyramid schemes, buying into property portfolio arrangements, or even becoming an overnight share expert.  Each one bringing daunting and in some cases devastating financial consequences to innocent people who have not spent the time to be coached in appropriate financial planning in accordance with their personality and how they want to live.

During my 19 qualified years as an experienced financial wealth coach, I’ve coached High Net Worth Individuals,  business owners understanding their exit strategy, not just on the understanding of financial planning, but actually spending more time on helping them achieve their life goals and living their life to the fullest.

My delivery of care and attention means helping you to identify exactly how you want to live your ideal life and have the resources to support it. I’m a fan of believing big and looking at ways to really optimise wealth which is outside of the traditional “box”.

I have created some new coaching opportunities for clients to discover what they really want in life and show them how to fund it. 

If you’re really committed to achieving your financial goals to support your ideal life and want to make changes, wondering why you can’t quite get there/reach your goals, then please get in touch because I can help you. 

Don’t settle for anything other than what you really want. Decide to make a change and have the right support to help you achieve.

Some of the areas I cover are:

• Detailed evaluation of your current situation.

This brings a clear, full understanding where you are in life, what has brought you to this point.

• Highlight and explore possible areas of change with you to improve aspects of your life.

This will help you understand ways of improvement, possible change of direction and much more.

• Resources and knowledge supporting various ways to make sustainable change to your life.

Dependent on your unique needs and requirements, whilst you are busy focusing on your everyday things, I research the market to find the appropriate resource you need if I don’t already have the information in my toolkit.

• Knowledge and Skill Set to strategically plan ahead whilst you focus on dealing with your current situation.

Once we have researched, we work out a strategy that is both measurable and achievable to your needs with benchmark identifiers.

•  Support you in identifying areas of improvement.

Discuss  and explore in depth your concerns, historic trends, reasons for change to help you, acknowledging why you feel you needs improvement.

• Provide financial knowledge and experience for you to study and make your own informed judgement without paying excessive seminar fees.

This has helped many people understand what financial planning options are out there on the market and make the right informed decisions without excessive costs.

• Provide intensive 1-1 transformational daily sessions

Many clients want to take action straight away and have a full day taking on the planning. By having focussed 1-1 coaching, we can review, explore and plan together with measurable and achievable strategies and

goals put in place.

• Monthly ongoing coaching by Phone, Skype, FaceTime, Email or Face to Face meetings

Having regular meetings is important to keep you on track.

• Ongoing support to ensure you remain accountable to fulfil your action plan so that you can achieve your goals.

Being held accountable for your actions means you have the best possible chance to create everything you really want in life.

• Bespoke Holistic Coaching Packages

Your needs are uniquely yours. With detail of your historic and current financial position, a bespoke package is created to meet your needs.

If you want to make change and achieve the life you really want to be living, supported by the wealth that enables you to enjoy it to the full, don’t delay your future. Get in touch and let’s explore further.

Kindest regards

Jonathan Kattenberg DipPFS, Cert CII(MP)

contact@lifewealthcoaching.com