If you want to find out more about how a financial advisor can help you and what qualities to look for in a good financial advisor, read this: What is a Financial Advisor? It is not the responsibility of a financial mentor, financial advisor or financial coach, or anybody else, to make you reach your financial goals.

A financial coach is someone who actively advises and encourages you to reach your financial goals, usually for a fee. A good financial coach is: a good steward of his own money, someone you can respect, and trust, has the same value system as you, has good people skills, is good at motivating other people to reach their goals, and is qualified, and accredited with a trusted body like the Financial Planning Institute of South Africa.