3 ms·

This is what boomers actually believe in.

phyzix5761 2y ago
It's gonna be 16 years in February that I've been a financial coach and I've helped literally hundreds of people at all income levels and backgrounds achieve their financial goals. What I said is the truth and my clients can attest to that.
- nickd2001 2y ago
  I believe you :) Simply refusing to play "keep up with the Joneses", seems to me can make the difference between being able to buy a home or not. Albeit it can take some inner confidence. I can't remember anyone actually asking me "why do you drive such a s*** car?", but they probably think it. ;) The key thing is not to care. Caveats - (1) this doesn't solve the problem if due to friends and family network you feel a need to live somewhere extortionate e:g London, NY, SF etc (although OTOH all of those have cheaper places 2 hr train ride away) (2) In USA, people can get randomly saddled with huge healthcare bills.
  - phyzix5761 2y ago
    You're absolutely right. Lifestyle creep and keeping up with the Joneses is a real thing and once you can shift the clients perspective on what's actually important the rest is pretty easy. Healthcare bills are just another debt. Health providers are almost always willing to work out some kind of payment plan and we tackle it the same way we would a credit card or student loan. Additionally, there are things like HSA contributions that can help you save some money on healthcare bills. Usually in the range of 10-20%.
- jjav 2y ago
  > It's gonna be 16 years in February that I've been a financial coach You mentioned doing this as a side gig? If you could give a few pointers to info on how you got started? Sometimes I think it would be rewarding to do something like this at a low-cost or volunteer basis for people who need help.
  - phyzix5761 2y ago
    Before I was a software engineer I worked, full time, as a financial counselor helping people do pretty much the same thing. I used to do other things as well like housing and bankruptcy counseling which I don't do anymore. You could get certified as a financial advisor if you want to give investment advice or look for some financial coaching training programs.
deleted 2y ago
[deleted]

It's gonna be 16 years in February that I've been a financial coach and I've helped literally hundreds of people at all income levels and backgrounds achieve their financial goals. What I said is the truth and my clients can attest to that.

nickd2001 2y ago
I believe you :) Simply refusing to play "keep up with the Joneses", seems to me can make the difference between being able to buy a home or not. Albeit it can take some inner confidence. I can't remember anyone actually asking me "why do you drive such a s*** car?", but they probably think it. ;) The key thing is not to care. Caveats - (1) this doesn't solve the problem if due to friends and family network you feel a need to live somewhere extortionate e:g London, NY, SF etc (although OTOH all of those have cheaper places 2 hr train ride away) (2) In USA, people can get randomly saddled with huge healthcare bills.
- phyzix5761 2y ago
  You're absolutely right. Lifestyle creep and keeping up with the Joneses is a real thing and once you can shift the clients perspective on what's actually important the rest is pretty easy. Healthcare bills are just another debt. Health providers are almost always willing to work out some kind of payment plan and we tackle it the same way we would a credit card or student loan. Additionally, there are things like HSA contributions that can help you save some money on healthcare bills. Usually in the range of 10-20%.
jjav 2y ago
> It's gonna be 16 years in February that I've been a financial coach You mentioned doing this as a side gig? If you could give a few pointers to info on how you got started? Sometimes I think it would be rewarding to do something like this at a low-cost or volunteer basis for people who need help.
- phyzix5761 2y ago
  Before I was a software engineer I worked, full time, as a financial counselor helping people do pretty much the same thing. I used to do other things as well like housing and bankruptcy counseling which I don't do anymore. You could get certified as a financial advisor if you want to give investment advice or look for some financial coaching training programs.

deleted 2y ago

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