Why Do You Need A Financial Coach? (by Miko del Pilar)

If you want to become wealthy, you need three things: money, time and knowledge.

Money comes from our salary, commissions or business profit. In other words, it is from our “active income” and it is rightfully earned. To compute how much money you have, you add the total value of your assets minus all your liabilities and the total is your “networth”. Money is like a seed that you need to sow. Even if you have time and knowledge, but you do not have money to sow and take care of, becoming wealthy would be impossible.

Time, on the other hand, is the most precious asset that we have. As they say, you can never buy back the time you already spent. I am convinced that time is money but unlike money, we do not know how much time we have left that is why we need to spend it wisely every single day. Time is where we enjoy our wealth and without it, wealth is nothing. Even if you have money and knowledge but you don’t have time

for the things that matter most to you, chances are you are not living the life you desire.











Knowledge is a vital component to becoming wealthy because it is important to understand how the

financial system works and make it work to your advantage. As my mentor says: “The financial system is never neutral. It’s either working for you or against you.” Indeed, investment in knowledge pays a great deal of interest. Where can you acquire knowledge about personal finance? There are many books you can buy, you can enroll on short courses or you can get it for free from a credible, competent and seasoned financial coach.


A Financial Coach is someone who you can listen to you about your financial concerns, guide you in discovering your financial goals and help you create a sound strategy and financial plans in reaching your ultimate financial goals. A good financial coach is someone who will prioritize your interest over his own.


The strategy is to put leverage to your hard-earned money by outsourcing future expenses like vacations, college tuition fees, hospitalizations, etc., while you maximize and enjoy your present without sacrificing your future.

Finally, having a financial coach is like having a dependable partner in your financial aspect; someone who can provide you a logical recommendation when you become too emotional in making financial decisions.

My personal purpose why I do what I do, as a financial coach, is to make my client’s life more meaningful and worthwhile.


Miguel Paolo "Miko" S. del Pilar, AWP, AEPP, CIS, is a Financial Coach and Recruitment and Sales Manager in Sun Life of Canada Philippines, handling and training over 80 licensed financial advisors in the Philippines. He is a 3x MDRT Member, 5x GAMA Awardee, 2x Triple A Awardee (Management Excellence), has 7 year experience in the financial services industry and currently managing over 300 clients.

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