Investment Uncut: Financial coaching with Catherine Thomas-Humphreys from Maji

In this week’s episode, Jacob Shah and Laasya Shekaran chat to Catherine Thomas-Humphreys, financial coach at Maji. With Catherine we learn what financial coaching is, the benefits of financial coaching and some tips that listeners can use on their own financial journeys.

Before we interview Catherine, Jacob talks to Heidi Allan, Head of Financial Wellbeing at LCP on our annual employee wellbeing report. We get a sneak preview of the key takeaways and find out how employers and organisation can ensure the people they look after don’t get left behind.

With Catherine we discuss:

• What financial coaching is, how it is different to financial advice and the key benefits of financial coaching.
• The kinds of things individuals should be thinking about when they are looking to start their investment journey.
• The current state of financial literacy across the UK and how Catherine’s coaching and advice can differ when working with individuals from different demographic groups.
• How to be purposeful with your money and know that your money is doing good in the world.
• The most common challenges or misconceptions Catherine’s clients have when it comes to their finances and how she helps them overcome these challenges.

What’s one thing you would like listeners to take away from this?

• Money is the vehicle, not the outcome. Does your life reflect what your money does, are you doing what you want to be doing and how can you use your money to achieve the change you want to make in your life?

Any recommendations for good books or podcasts:

• Ask your employer about Maji!
• The Psychology of Money by Morgan Housel

The other resources Catherine mentioned in the podcast are:

• Switch It Green
• MotherTree
• Make My Money Matter