The Financial Resilience Hub

The Financial Resilience Hub

1 year ago | 278 Views
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The Book Whisperers are delighted to announce our partnership with The Financial Resilience Hub. The Financial Resilience Hub was created in 2022 by Helen Monaghan a highly experience accountant with degrees in both accountancy and psychology.

Created By The Book Whisperers


The Book Whisperers are delighted to announce our partnership with The Financial Resilience Hub. The Financial Resilience Hub was created in early 2022 by Helen Monaghan, a highly experienced accountant with degrees in both accountancy and psychology. This has allowed Helen, CEO of HM Finance Coaching Ltd, to incorporate her knowledge on the psychology of money into her courses, providing a multi-faceted approach towards all things finance and tax.

The Financial Resilience Hub shares The Book Whisperers mission to dismantle unnecessary industry barriers, with Helen and her team leaving you feeling financially empowered with financial jargon, not disillusioned, whilst helping you to run a profitable business effectively and efficiently.

I sat down (virtually) with Helen to find out more.

Why did you choose to support The Book Whisperers?

To support their mission! I am passionate about books and writing. I also enjoy being somewhere I can help plus I love hanging out with authors and bookworms! It’s my tribe. I read a lot and have written three non-fiction books and am currently working on a fiction novel about tax.

I am very intrigued to see how you plan to combine fiction writing and tax. On the subject of finance, can you tell me a little bit more about The Financial Resilience Hub?

The Financial Resilience Hub is an online platform that is designed to educate users about tax, finances, and the psychology of money. Courses can be purchased separately, but the real value is in our membership. Subscribers will get access to all our courses including access to a new course which will be released every month, monthly group calls and workshops, an entire network of support, bi-annual in person meet ups, and PDF of all my published books. 

It sounds like you’ve got all areas covered there. How did The Financial Resilience Hub get started? 

Several years ago, a good friend of mine went bankrupt after an intense period growing her business, and around the same time my employer was pretty close to it too. Once my employer was ‘safe’ I left to set up a business that would help SMEs, similar to my friend and employer, create strong financial foundations to prevent such horrors from happening. The Financial Resilience Hub is a collection of what I’ve offered over the last ten years through that business (HM Finance Coaching Ltd), with the intentions of providing it at a more affordable price, whilst delivering in a more manageable way.

I had a look on your website and ‘financial freedom’ seems to be central to The Financial Resilience Hub mission, could you explain that in a bit more detail?

I’ve always been interested in the freedom financial abundance can bring. I know what it’s like to not have any money and struggling to pay bills regardless of whether you’re running a business or not. I also know how restrictive not having money is; it’s essential in our personal lives and especially our businesses. I want people to know they have options, regardless of their income and that being in control of their money opens so many doors both personally and professionally. Our money habits play an important role in all of that.

Will you be offering your services on our platform too? 

Yes, that’s the plan! I have signed up for author membership alongside supporting Wonderland. I hope to be offering some of the Financial Resilience Hub’s content on my individual membership (just look for Helen Monaghan under members), which will help artists write more regularly knowing they have their finances under control.

So, Helen why do you want to help artists with their finances?

I want to help those who struggle to understand their tax or find it hard to create good money habits with their finances. Due to my understanding of psychology, I know there is more to being good with money than just knowing what to do. I want to teach people practical skills that will genuinely help them build better money habits, and share insights that will help them make better financial decisions.

Equally, I think a lot of authors don’t realise that once they become a published author (either traditionally or through self-publishing) they now have a business, with their books the products. This means they must do a self-assessment if their sales are over £1,000 in any given year, or in certain circumstances, know that if they file a self-assessment it could help to reduce their tax bill. 

 

You mentioned that you have published books alongside your The Financial Resilience Hub work. Tell me more about that.

I currently have three published books: 12 Steps to Improve your CashflowSuccessful Business Minds, and The Magical Mix of Money & Tax. My most recent book The Magical Mix of Money and Tax combines straight forward language, humour, and practical exercises to help you take control of your money, and your life.

 

You mentioned you are currently working on a fiction book, have you got anything else in the works at the moment?

Yes, alongside my fiction book I am focusing on adding more membership options to the Financial Resilience Hub. Currently I have my sole trader membership available (this is the membership that will apply to book authors and freelance writers). The platform is still evolving but we’re already offering:

·     12 mini courses

·     A monthly group call

·     A monthly live online workshop

·     A private and secure discussion forum

·     50% discount on tax return assistance

·     25% discount of financial feasibility sessions 

In addition to this I am currently working on a membership for limited companies that will be live in August. The package will be similar to the sole-traders membership, but courses and workshops will be tailored for larger businesses. I also plan to launch a membership for landlords but that will be later in the year.

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