Side hustle idea:
It seems like there are two kinds of people who need financial help-- the "Dave Ramsey Call-in" rich-but-clueless middle class ($50-500k/year), and the "Poor" trapped-in-the-poverty-cycle lower class ($0-30k/year).
I have very little sympathy for the former, but the latter I feel like genuinely could use the help. Aside from the obvious reasons, I think a big part of the reason I would want to help out the "Poor" class with financial skills is that (1) that's my income bracket, and (2) that is the peer group that I catch the most "but it's so hard to make ends meet" from, even when they're making the same amount as me, who is making ends meet quite handily.
Unfortunately, it is the former group that has money to burn on financial advisors or what-have-you, and the latter group isn't about to spend a bunch of money on a "personal money coach". For instance, I hear people (here and elsewhere) recommend against commission-based financial planners, and for flat-fee financial planners; but I wouldn't pay someone even a flat fee, because I don't have the money for that. (Well, I technically do, because I'm frugal and don't waste my money on.....welll...things like financial planners...) Which got me to wondering: what kind of pricing model could be implemented that would make MMM-style budgeting/finance coaching a viable thing for them.
Do you think I would get any bites if I advertised a "no results, no charge" personal financial/budgeting coach service, where my fee would be a proportion of the demonstrated savings? Would you be willing to sign up for a budgeting coach if you knew you wouldn't have to pay if their advice wasn't working for you?