{"id":2584,"date":"2009-12-18T13:00:30","date_gmt":"2009-12-18T13:00:30","guid":{"rendered":"http:\/\/coachestrainingblog.com\/becomeacoach\/?p=2584"},"modified":"2023-07-28T18:21:39","modified_gmt":"2023-07-29T02:21:39","slug":"wealth-coaching-during-recession-become-a-money-coach","status":"publish","type":"post","link":"https:\/\/coachestrainingblog.com\/becomeacoach\/wealth-coaching-during-recession-become-a-money-coach\/","title":{"rendered":"Wealth Coaching During a Recession: How to Become a Money Coach When Times are Lean"},"content":{"rendered":"

A lot of people are struggling with their finances right now, and wealth coaching<\/a><\/strong> is probably the furthest thing from their minds.\u00a0 What can you offer as a money coach<\/a><\/strong> that would be valuable enough to part with hard earned cash in a lean economy?\u00a0 Is your wealth coaching<\/strong> so valuable that people would say that it\u2019s \u2018priceless?\u2019\u00a0 What can a money coach<\/strong> offer people who don\u2019t have cash on hand?<\/p>\n

As a Money Coach You Can Help Clients Decipher How They Got Where They Are<\/h3>\n

The first benefit you can offer your clients as a money coach<\/strong> is to help them see the beliefs, habits, and motives that have gotten them into their current financial state.\u00a0 They may feel they need \u2018bailout coaching\u2019 instead of \u2018wealth coaching<\/strong>\u2019, but odds are that if they are in a mess they will have enough pain to look for solutions.\u00a0 And if you can identify their problem in a clear and succinct way, not only will they feel understood, but they will assume you have the answer to their problem.<\/p>\n

Wealth Coaching Provides Accountability<\/h3>\n

Another benefit you can offer to clients as a money coach<\/span> is accountability.\u00a0 Most people understand the basics of what they need to do, and if they don\u2019t they can check out a book at library and read it for free.\u00a0 They aren\u2019t going to enroll in wealth coaching<\/span> unless you can help them get results.\u00a0 And while most people perform better just knowing someone will be checking in on them, a good accountability coach can help their clients find out what really stopped them from following through.\u00a0 And that is usually part of the belief that got them into their financial mess in the first place.\u00a0 Transforming that<\/em> is where the real value is.<\/p>\n

As a Money Coach You Can Create Leverage to Help Clients Change Their Habits<\/h3>\n

One other benefit you can offer to clients as a money coach<\/span> is strategy is to create enough leverage for them to make the change.\u00a0 Help your wealth coaching<\/span> clients see the high cost that their current behavior will have on their financial future.\u00a0 Have them experience it as if it were happening right now, so they can really feel the pain.\u00a0 Then help them see what the future could bring if they were to make those changes now.\u00a0 Help them see and realize a more empowering future.\u00a0 The reason this is so important is that most people who are on the verge of bankruptcy won\u2019t have enough pain to make lifelong changes, just like a smoker will take the first chance he has to light up again even after a major heart attack.<\/p>\n

When you take your job as a money coach seriously, and not just vomit information up from one of the many books on finances, you have the opportunity to make lasting changes in people\u2019s lives.\u00a0 The benefits of wealth coaching far exceed what most of your clients could ever imagine, and now is a great time for coaches to make a difference in the world.<\/p>\n

Colette Seymann<\/p>\n

JTS Advisors Bi-Designated Strategy and Accountability Coach<\/p>\n","protected":false},"excerpt":{"rendered":"

A lot of people are struggling with their finances right now, and wealth coaching is probably the furthest thing from their minds.\u00a0 What can you offer as a money coach that would be valuable enough to part with hard earned cash in a lean economy?\u00a0 Is your wealth coaching so valuable that people would say […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[251,254],"tags":[1030,1033],"class_list":["post-2584","post","type-post","status-publish","format-standard","category-money-coach","category-wealth-coaching","tag-money-coach","tag-wealth-coaching","entry"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/2584","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/comments?post=2584"}],"version-history":[{"count":2,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/2584\/revisions"}],"predecessor-version":[{"id":29120,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/2584\/revisions\/29120"}],"wp:attachment":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/media?parent=2584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/categories?post=2584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/tags?post=2584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}