{"id":16428,"date":"2015-02-14T06:03:53","date_gmt":"2015-02-14T14:03:53","guid":{"rendered":"http:\/\/coachestrainingblog.com\/becomeacoach\/?p=16428"},"modified":"2015-02-12T18:38:55","modified_gmt":"2015-02-13T02:38:55","slug":"3-wealth-tips-from-a-wealth-coach","status":"publish","type":"post","link":"https:\/\/coachestrainingblog.com\/becomeacoach\/3-wealth-tips-from-a-wealth-coach\/","title":{"rendered":"3 Wealth Tips from a Wealth Coach"},"content":{"rendered":"

Are you a wealth coach<\/strong><\/a>? If so, listen up to these three important tips you can offer your clients that will help them understand how to get wealth.<\/p>\n

\"\"
Wealth Coach<\/figcaption><\/figure>\n

What Wealth Coaches Don’t Do<\/h3>\n

You don’t give your clients the latest greatest stock tips, do you? This is definitely not something a wealth coach<\/span> does. You don’t push products in your practice \u2013 buy this stock, get in on this super fund, here\u2019s some great property you should buy \u2013 do you? If so, you are more of a salesperson than a coach. You also don\u2019t make false promises and offer unrealistic expectation, do you? If so, you may be a scammer.<\/p>\n

What Wealth Coaches Can Do<\/h3>\n

A wealth coach<\/strong> can do many things for a client, but there are three main wealth tips that can be presented and taught during a series of coaching sessions.<\/p>\n

The Big Three \u2013 3 Wealth Tips From a Wealth Coach<\/h3>\n

Financial Responsibility<\/strong><\/em><\/p>\n

Your client is middle aged and, though he has a good job, his savings are meager and his retirement account is as dry as a California reservoir. Should you help him look for get rich schemes, find the next penny stock winner, or perhaps help him learn about financial responsibility? You can probably guess the right answer. Yes, a wealth coach<\/span> is all about coaching financial responsibility. A client probably won\u2019t learn this in one session, but over time, if you are stressing the right attitude and actions, your client will learn what it is like to take responsibility for their finances.<\/p>\n

Realistic Expectations<\/strong><\/em><\/p>\n

Almost everyone wants to be rich. People dream of winning the lottery, getting a huge inheritance, or picking that one penny stock that goes from 1 cent to $100. Guess what? Those are unrealistic expectations and it\u2019s probably not going to happen to any of your clients\u2026ever.<\/p>\n

What should you be doing? Helping them identify their financial goals and offering them realistic expectations about investments and income. If they are expecting 100% returns on their money, they need to go to a wizard or a psychiatrist \u2013not a wealth coach<\/strong>!<\/p>\n

The journey to financial success often begins with $10 or $100 or $1000. Thousands of dollars can be earned $10 at a time; a million can be earned $100 at a time. It is a process that involves patience, discipline, and responsibility.<\/p>\n

Spending, Saving, Investing, and Budgeting<\/strong><\/em><\/p>\n

If your client wants to build wealth, it is absolutely essential to understand spending, saving, investing, and budgeting. You must teach what these terms mean. Though coaching usually requires asking questions and listening, this is the part of the job where you tell\u2026then you ask and listen. Then you tell again\u2026until they understand and are able to effectively handle these tasks.<\/p>\n

Your client must understand the importance of saving, methods to control spending, ways to invest that are appropriate for their age and financial situation, and how to create and follow a budget. Budgeting is the heart and soul of what a wealth coach<\/span> teaches.<\/p>\n

Do you focus on budgeting in your practice? If not, your wealth coaching just might need an upgrade. You may need to learn about wealth and what a wealth coach<\/strong> should be doing.<\/p>\n

These three wealth tips should be fully integrated into your wealth coach<\/span> practice. Coaching clients about money is a complex job because there are so many variables. However, if you start with the basics, and keep the basics front and center at all times, your clients will be better able to understand the dynamic and variable nature of financial responsibility in a challenging financial climate.<\/p>\n

And then you have done your job, helped your client, and earned your money!<\/p>\n

By the way\u2026 you\u2019re invited to claim your FREE step-by-step \u201c<\/strong><\/i>30-Days to Become a Coach<\/i><\/a><\/strong>\u201d<\/strong> video toolkit. Just go<\/i> HERE<\/i><\/a><\/strong> now to get your<\/i> 30-day coaching blueprint videos<\/i><\/strong>.<\/i><\/a><\/p>\n

Fred Philips<\/b><\/a>
\nBusiness Coach
\nWriting Team, Coaches Training Blog Community<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you a wealth coach? If so, listen up to these three important tips you can offer your clients that will help them understand how to get wealth. What Wealth Coaches Don’t Do You don’t give your clients the latest greatest stock tips, do you? This is definitely not something a wealth coach does. You […]<\/p>\n","protected":false},"author":9,"featured_media":16430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[251,283],"tags":[1030,1164],"class_list":["post-16428","post","type-post","status-publish","format-standard","has-post-thumbnail","category-money-coach","category-wealth-coach","tag-money-coach","tag-wealth-coach","entry"],"jetpack_featured_media_url":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2015\/02\/25532070_s.jpg","_links":{"self":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/16428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/comments?post=16428"}],"version-history":[{"count":0,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/16428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/media\/16430"}],"wp:attachment":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/media?parent=16428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/categories?post=16428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/tags?post=16428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}