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Become Financially Healthy by Becoming a Financial Health Coach

March 17, 2012 By Leave a Comment

With the economy in the toilet and the market for jobs improving far too slowly, you might want to consider becoming a financial health coach. Financial health coaches are often financially healthy. Why? Because you can make damn good money offering financial assistance to others.

What Does a Financial Health Coach Do?

As a financial health coach, your principle function is to assess and coach others to financial health. That’s your raison d’etre.

What is Financial Health?

Financial health is:

Financial literacy – understanding personal finances, the financial world, and how to interpret financial data.

Financial independence – learning how to think independently about one’s finances.

Financial responsibility – taking responsibility for personal finances and any actions that affect them.

Financial consistency – having the ability to successfully apply a consistent plan to personal finances.

Financial peace of mind – having confidence in one’s ability to manage and control all aspects of one’s personal finances.

Financial prosperity – achieving long-term success with one’s personal finances.

As a financial health coach, you help your clients achieve financial health by working on all six of the components listed above. If you love money, investments, the stock market, and helping others save and make money, you will love this work.

Who Can Be a Financial Coach?

You can be, that’s who! Well, it helps if you have a background in finances, but it is certainly not required. Stock brokers, real estate professionals, bankers, money managers, financial planners, corporate accountants, and many others in the financial world have realized that owning your own coaching practice and helping clients achieve financial prosperity is one of the most rewarding careers in the world. So – whether you have been working in the financial world or are merely interested in the world of personal finance, this is the career for you.

How to Get Started

The first thing you need to do is assess your knowledge – if you have several years of experience in the financial world, you probably don’t need too much training in financial matters. Assess where you lack knowledge and then take courses specifically in these fields. You should also enroll in a coaching certification program, which will prepare you to become a coach and run your own coaching practice. Coaching training and certification is essential – you wouldn’t hire a financial health coach who lacked certification, would you?

If you lack experience in finances, taking a course specifically tailored to the financial coaching business would be a great choice. You can learn more about money and about the business of coaching. In a good financial coaching program, you will learn about the psychology of money, the basics of investing, the use of personal financial statements, budgeting, debt, protecting money and assets, taxes, retirement planning, and so much more. You will also learn about the art and science of running and promoting a coaching business.

Now that you know what a financial coach is, does, and needs to do to get started, what are you waiting for? It is time to get out there and help others achieve their financial goals while you achieve yours! Yes, you can become financially healthy by becoming a financial health coach.

By the way… you’re invited to claim your FREE step-by-step “Life Coach Salary Secrets” video toolkit. Just go HERE  now to get yourLife Coach Salary Secrets. 

Fred Philips
Business Coach
Writing Team, Coaches Training Blog Community

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Five Reasons to Become a Financial Health Coach

November 8, 2011 By Leave a Comment

If you are thinking of a career in coaching, you should consider becoming a financial health coach. Mentoring people on personal finances is one of the most lucrative and dynamic segments of the coaching industry.

Many people are saying, “retirement, what retirement?” The economic news has been so bad for so long, it’s difficult for people to believe that there is a light at the end of the tunnel. That is where you, the financial health coach, comes in. You can help people make wise choices with their money and retirement funds. You can show them ways to save, places to invest, and investment plans to follow.

The Number One Reason to Become a Financial Health Coach

Your money! Making money and being involved with money is the number one reason to enter the financial health coaching field. Six-figure incomes are not unheard of it! In fact, the possibility that you can make a six-figure income is very real, provided you help your clients maximize their money. You will be working in a world of money where the possibility of making boatloads of the green stuff is very real!

4 More Reasons To Become a Financial Health Coach

Jobs! As an expert on how to make and save money, you will find a world full of opportunities. People are concerned about their investments, their ability to pay college costs for their children, having enough disposable income to enjoy a few luxuries in life, and having enough left to retire at a reasonable age with enough money to maintain a certain lifestyle. Opportunities will be plentiful after your training and certification as a financial health coach.

Other people’s money! Can you think of a better field to be part of? I can’t! If you like money, and who doesn’t, this career choice puts you squarely in the middle of the action. You will teach your clients the how, the where, and the what of investing and maximizing their financial resources.

Demand for your services! Most people think of investing and financial planning as a chore. Something they should do, like take out the trash, but hate to do. That’s where you, the money expert, comes in. People are overwhelmed by investing. They lack the time or the inclination, and have trouble developing and maintaining good investment and monetary habits on their own. Because it’s a task people have trouble mastering on their own, there will always be a strong demand for money experts!

Job Satisfaction! Yes, this is a rewarding career. There is nothing more rewarding than making money for someone else. Or, helping them save a huge pile of cash. Financial health issues affect almost all of us. According to a research poll done by divorce360.com, money problems are the number one reason for divorce. As an expert in personal money issues, you can help couples stay together!

As a coach, you help clients earn more, save more, and make what they earn and save go farther. All this, while you earn a great income. Now that’s satisfying!

Remember that old Pink Floyd song, Money:

Money
It’s a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream
Think I’ll buy me a football team

As a financial health coach, you’ll be able to show your clients the way to their “four star daydream,” while you pursue your own. it’s a win/win situation – what could be more rewarding than that?

By the way… you’re invited to claim your FREE step-by-step “Life Coach Salary Secrets” video toolkit. Just go HERE now to get your Life Coach Salary Secrets.

Fred Philips
Business Coach
Writing Team, Coaches Training Blog Community

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Become a Successful Money Coach in Easy Three Steps?

August 5, 2011 By 3 Comments

Most people need to learn about money, but being a successful money coach goes way beyond that. The problem is that money is only part of so many agendas. Frankly, a person with a very low income who can’t even add or subtract, but with no money hang-ups, is way ahead of a person with a good income and a degree in accounting who also uses money to act out their frustrations or to inflate their personal identity. And that – forgive me – is the equivalent of a full employment act for effective money coaches!

Step One: Learn about Money

No surprise. If you want to be a money coach you have to understand the world of money. You have to understand budgeting. You have to understand investments. And you have to understand the first law of money: you cannot spend the same dollar twice. You laugh, but let me tell you really coming to terms with the first law of money is an absolute revelation for everyone. The only question is whether it occurs when you are 7 (5% of the population) or when you are 40 (45% of the population), or 65 (50% of the population).

Step Two: Master both Accountability and Strategy Coaching

Accountability coaching is about getting people to do what they know they should be doing, but they don’t want to be doing. Strategy coaching – beyond specific consultative knowledge and skills – involves identifying how people are getting in their own way, and eliminating those negative connections. These are big topics, and they are the bulk of all real, genuine, effective, legitimate and professional coaching.

Step Three: Combine Money and Coaching to Become a Successful Money Coach

Whether it is money coaching, or life coaching, or executive coaching, or… it is all about combining coaching with a particularly area of focus. So to be a legitimate money coach, you must master money skills and coaching skills. And if you do, you can be sure you will be helping people with one of the greatest problems that they face, and for that, you will be building a very successful coaching practice, indeed.

By the way… you’re invited to claim your FREE step-by-step “Master Coach Blueprint” video toolkit. Just go HERE now to get your master coach blueprint videos.

Dave Iuppa
JTS Advisors Strategy and Accountability Coach

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Your Personal Wealth Coach Helps You Soar Financially

June 26, 2011 By Leave a Comment

You can expect you’re personal wealth coach to shape, mold, and transform you out of your stagnate financial slump into a person who plans, expects, and demands wealth. Wealth comes through having a well conceived plan that you can consistently execute on that’ll rollout bucket loads of green cash over time and create financial stability and freedom for you and your family to live in your dream home, drive nice shiny cars, have the college experiences you desire, and retire with a lifestyle fit for a king or queen.

Do you already have a wealth plan that’s working for you? If your plan isn’t working as well as you expect or you don’t have a wealth plan in place right now, this article will help you understand why it is important for you to kick start a wealth plan with your wealth coach now.

What Can You Expect From Your Personal Wealth Coach?

Your coach will begin the wealth creation process by first diving deep into what you desire and need financially in the next 12 months. Once you’ve gotten a handle on creating stability in your finances, then your wealth coach moves onto your long-term wealth creation plan.

Current Year 12 Month Financial Planning

As a personal wealth coach, your coach begins at the beginning of every year helping you to update your plan. Planning doesn’t happen as a one-time event. Every year, you need to review your wealth strategies to see how well their working for you and to check how your personal goals have shifted. Change is constant, and you’ll change how you view wealth and success as you mature in your financial and wealth perspectives.

Wealth creation isn’t as much of a function of knowing secret financial tricks to manifest wealth, but it is more of being discipline about planning each year and committing to do your part in carrying out the little day by day steps along the way to your wealth goals. You and your wealth coach will take your evolving needs into account while updating your wealth plan to capture the spirit of how you’re growing and progressing in your own financial awareness.

Long-term Wealth Planning

Long-term means your five, ten, fifteen, and twenty year goals. Because long-term goals can’t be had overnight, you have to follow daily steps along the road that’ll smartly guide you to each of your long-term goals. This is why the short-term financial planning each year is so critical to your personal wealth plan.

Your personal wealth coach doesn’t have a magic crystal ball he can look into to predict the future, but you can set wealth goals that you can reach inch by inch and you’ll surely reach them if you persist through the planning and execution of your wealth plan. Goals act like magnets. Your goals put you in the right mindset to get you to take the daily, monthly, and yearly actions that’ll help you create prosperity and attract the right resources, people, and plans to help you break out of your poverty mindset for financial freedom.

If your personal wealth coach carries out his planning responsibilities in the right way and you commit to taking the daily actions you and he agree on, then you will end up with more wealth at the times you envision in your life at each of the big milestones you set in five, ten, fifteen, and twenty years from now.

By the way… you’re invited to claim your FREE step-by-step “Life Coaching Business Blueprint” video toolkit. Just go HERE now to get your life coaching business blueprint videos.

Donald Hunter
Certified JTS Accountability And Strategy Coach

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Moving Mountains with The Wealth Coach

June 2, 2011 By Leave a Comment

Whether its wealth or riches, the wealth coach is the coach that teaches the easiest way to move forward in your life or in your business, by getting out of your head and into your life. The wealth coach’s focus is on moving the mountains of” to do” list, agendas and creative thoughts to simplified action steps.

The Wealth Coach Uses a Planning System

First thing that needs to happen is, get everything out of your head and onto paper. It’s easier to move a thought forward on paper than it is in your head. The wealth coach knows that without a clear target to focus on the outcomes will be delayed and time and money will be wasted. Begin with the end in mind when listing out your thoughts and ideas. While coaching your clients, have them incorporate a system into their planning. Creating a mastermind group to share your ideas with and to receive feedback from like minded people will ensure the fastest possible outcomes. Of course though, massive action must be taken on your behalf in order to create the wealth you wish to possess.

Consistency is the Key With The Wealth Coach

Demonstrate consistency on a daily basis if you want the wealth coach to shovel the dirt from the bottom of the mountain. You must do the work and your coach is there to help carry your burden. Focus on your activities and the results will take care of themselves. The wealthy coaches exercise their skills on a daily basis. They do this in order to demonstrate by their own example what it takes first hand to create mega success.

What’s Your Motivation For Change?

The late Jim Rohn quoted “It’s easy to pay the price when the promise is clear.” What is your goal? What do you want to achieve this year? What type of life do you want to live? Being the wealth coach is very satisfying, especially when you help your clients put their future endeavors into action in the present moment and they begin to remove the mountains of complexity and fill their days with action based strategies that produce success on a continual basis.

Give this strategy a try and see for yourself that it works. If you liked this coaching tip, leave a comment or use the handy bookmark buttons below to share it with others on Facebook, Twitter, Digg, etc. Thanks!

Mark Rabbitt
JTS Advisors Accountability Coach

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3 Tips for Wealth Coaching To Avoid Being A Sleaze

September 16, 2010 By Leave a Comment

Wealth coaching is looked at sometimes like nothing more than baloney by skeptical consumers. That’s because some wealth coaching companies promote what they do in a sleazy way. But today, I’m going to give you 3 tips that’ll set you apart from the really sleaze bag companies out there.

As a prosperity coach, you want to be a coach for the long haul and not just some fly by night coach who just wants to make a few bucks. The best way to avoid sleaze bag roe and start slam dunking every time you coach a client on generating more wealth is to get trained in two areas:

1. Learn how to become a money coach who delivers great value in every one of your coaching sessions
2. Know personal finance strategies and tips that really do create wealth over time

Wealth Coaching Tip 1

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Spend time understanding where your client wants to go. This is essentially their vision for success. Nail this first tip and you’ve solved 50% of their wealth challenge.

Coach them to answer questions about what is their purpose in life. Because if you can get down to the root of what’s really the thing that’ll drive them, then that’s when you’ll have the most satisfied coaching client. Success is not just measured in terms of dollars. Happiness is far more valuable to a wealth client who feels like they’re just not doing what they want to do in life.

Wealth Coaching Tip 2

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How did your client get to where they are today? Now this is very important because you want to make sure you don’t coach them to repeat failure patterns in their life which was the cause for their lack of wealth.

More importantly, you need to know their strengths because strengths are what you want to cultivate and coach them to rely on for getting more success in their life.

Wealth Coaching Tip 3

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Now you know where your coaching client wants to go and what truly motivates them to want more prosperity in their life. The key is you’ll know their strengths and weaknesses after you’ve done tip 1 and tip 2.

Now the third tip is for you to develop a SWOT analysis: strengths, weaknesses, opportunities, and threats. SWOT will be one key component of your client’s wealth plan.

Opportunities should support where your clients want to create wealth. Opportunities are wealth creating actions they can take or decisions they need to make to get them closer to their vision. Your coaching comes in where you’re giving them ideas and strategies to capitalize on their opportunities. Remember, they may no nothing about how to do what you’re suggesting. As their wealth coach, you give them the step by step plan.

Threats are the areas of where they want to go that are scary for your clients. Threats can be simple areas of life such as their relationships: business or personal. Threats can also come from within themselves. Then threats can be external such as the overall economy. Your coaching skills will uncover threats for your clients to steer them past any roadblocks that’ll get in their wealth path.

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Donald R. Hunter, MBA, Certified Financial Planner
JTS Certified Accountability Coach

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Become a Financial Coach: Three Ways a Money Coach Can Put More Money Into Their Clients’ Bank Accounts

April 17, 2010 By Leave a Comment

Now is a great time to become a financial coach.  And the very reason why people don’t think they can afford a money coach is the very reason they need one.  Most Americans don’t have a healthy relationship with money.  They need a financial coach to transform their limiting beliefs, develop strategies, and provide accountability.  Are you ready to step into that role and become their money coach?

As a Money Coach You Can Help Your Clients Develop Strategies to Spend Less

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Financial Coach Tip #1:  Help your clients spend less.  If people really stopped and looked at all the money that seeps through their pockets on things that don’t provide lasting value, they would be shocked.  Be a money coach that helps your clients find ways to check their spending habits.  Strategies like using only cash for purchases, collecting every receipt and adding it to a spreadsheet, or even creating a budget and sticking to it are good starts.  Sure some of these strategies are simple, but how many people really use them?

Coach Your Money Coach Clients to Make More Money

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Financial Coach Tip #2:  Help people make more money.  Be a money coach who can help clients justify and ask for a raise, find a better job, or even start working their own business alongside of what they do currently.  It’s been said that most bankruptcies could be avoided by an additional $400 per month income.

One of the Best Things You Can do as a Money Coach is Hold Your Clients Accountable

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Financial Coach Tip #3:  Hold your clients accountable to their dreams.  Be a money coach who gives people the space to create a vision that is compelling enough to endure the obstacles that will inevitable come up along their path to financial freedom.  Let them see what their lives might be like if they don’t change, and the possibilities that they will have if they do change.

Being a financial coach is much more than budgets and spreadsheets.  It’s really about unlocking the potential that will empower your clients to live a life they dream of.  Do you have what it takes to be money coach?

Colette Seymann

JTS Advisors Bi-Designated Strategy and Accountability Coach

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How to be the Money Coach or Personal Wealth Coach That Gets Their Clients Wealthy

March 31, 2010 By 1 Comment

Protecting and growing your client’s assets is a big part of being a money coach or personal wealth coach.  As your client’s money coach, you need to help them develop their most valuable asset.  What is your personal wealth coach client’s most valuable asset?  Is it their bank account, home or another investment?  No.

Your Money Coach or Personal Wealth Coach Client’s Most Valuable Asset is Their Earning Ability

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Your client’s most valuable asset is their earning ability.  Your money coach client’s ability to earn money is the most precious and perishable asset they have.  It has taken your personal wealth coach client their entire life to develop their earning ability to where it is today.  Your money coach client’s earning ability is a combination of their skills, knowledge, experience, education, background, personality, character, self-discipline, courage and tenacity.  Your personal wealth coach client could lose their house, car or investments.  If that happened, you client could still use their earning ability to get it all back again.

Personal Wealth Coaching For Your Money Coach Client to Grow Their Intangible Assets

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Your money coach client’s earning ability is invisible, but like the wind on a summer day, that doesn’t mean it isn’t real.  Your personal wealth coach client’s earning ability can be an appreciating asset or a depreciating asset.  This increase or decrease in earning ability is completely in your client’s control.  When they dedicate themselves to lifelong learning.  To increase their skills and ability and add value to others and their marketplace, their earning ability will increase, constantly.  Your client will be paid more because they will be worth more.  By increasing your money coach clients earning ability you will increase the value of your contribution to the world.  When you do that, your client will be on the path to wealth and will make the world a better place while doing it.

Kris Thompson

JTS Advisors Strategy Coach

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Help Your Money Coach or Wealth Coach Clients to Walk Before They Run

March 3, 2010 By 1 Comment

Your money coach or wealth coach clients must start to save money before they retire.  That sounds so simple, but your money coach clients will often have overlooked it.  Wealth coach clients get excited about reaching their financial goals, until they have to start saving.  Here’s how to help your clients “walk before they run.”

Be A Money Coach or Wealth Coach That Gets Their Clients to go Beyond Happy Thoughts

Your money coach or wealth coaching clients will often say what their financial goal is when you first start speaking with them.  Usually, they will have decided to become a millionaire or even a billionaire when they retire.  Your clients will often have no money or very little.  They often are in their thirties or forties and have managed their money poorly in their life.  Despite this, your money coach clients may think they can change their wealth results without much preparation and no plan.

Have Your Money Coach or Wealth Coach Clients Become a Ten Thousandaire or Higher

Your money coach or wealth coach clients need to change their thinking.  They may have believed that all they need to do is to think more positive about money.  They may feel that would attract everything they need to overcome decades of saving little or nothing.  Instead of being a millionaire, you want to have your money coach client to first become a “thousandaire”.  After they have managed to save a thousand dollars and get out of debt, then they can become a “ten thousandaire”, and so on.  To help your wealth coach clients to become wealthy, great efforts are required.  Help your client walk before they can run, and they will achieve financial independence.

Kris Thompson

JTS Advisors Strategy Coach

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Who Needs a Money Coach? What People Really Want is a Financial Freedom Coach

February 3, 2010 By Leave a Comment

No one really needs money or a money coach. Sure they might think they do, but what they really want is what they can get with that money or from that money coach. They want the ability to choose. Basically, money is a unit of choice. If you have $500 and you want to buy a car you will have fewer choices than someone who as $5,000 or even $50,000. A financial freedom coach can help define and achieve goals in a way that clients feel successful along the way.

Being a Money Coach Requires that You Learn the Real Value of Money

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What can a financial freedom coach offer? People who don’t have money think that if they only had money they would be happy or secure. They might think that if they just had enough money to hire a money coach they could make it all happen. But when people believe that money equates happiness, freedom or security, what does it mean if they don’t have it? They are unhappy, insecure, and slaves. Not a great mindset for success.

A Financial Freedom Coach Must Help Their Client Create Goals

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The first step you’ll need to do as a financial freedom coach is to help your client create goals. Where a money coach may be happy with a financial number and a plan to achieve it, as a financial freedom coach you really want to help create dreams with a deadline. Not just the money, but what it will mean for your clients in terms of feeling significant, secure, and maybe even getting more love or variety.

A Money Coach Knows the Value of a Healthy Mindset

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The next step you’ll need to do in order to move past being a money coach and into the realm of becoming a financial freedom coach is to create a successful mindset. It’s odd that without the mindset, few people can ever achieve what they really want. Why is it that you have to step into shoes of success before you get to go to the ball? Cinderella had to transform from a sobbing girl in rags to a woman in a beautiful gown before she could meet the prince. The average money coach won’t transform people they way the fairy godmother transformed Cinderella.

As a Financial Freedom Coach, Make Sure There’s a Plan to Stick To

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What else should you do as a financial freedom coach? Get your clients to step into the role of who they want to be when they accomplish their goals. I’m not saying that a money coach won’t do this, but the focus is usually different. Make sure you help your clients step into the shoes of someone who is capable of making decisions confidently. Making more money alone doesn’t prepare people to handle it when it comes. Lottery winners are notorious for losing it all after a big win merely because they aren’t prepared. Make sure your financial freedom coaching clients are prepared with a plan that really leads them to where they want to end up.

Colette Seymann
JTS Advisors Bi-Designated Strategy and Accountability Coach

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