Financial Coaching

Do You Have A Financial Coach?

A person who has participated in sports at any level understands the importance of having a coach.

The same is true for your finances. A financial coach will help you accomplish far more than you ever could on your own.

Let’s describe some characteristics of a great coach:

  1. Knowledge  A great coach will bring deep knowledge to the person they are serving.
  2. Teacher  Knowledge that cannot be transferred is worthless. Excellent coaches possess the ability to share their wisdom with players.
  3. Encouragement  Players, even the greatest ones in all sports, routinely give credit to their coaches for their ability to encourage them and draw the very best effort out of them.
  4. Accountability  Coaches hold players accountable for their performance, and provide discipline accordingly. Not to punish them, but to help them make progress toward the shared goal.
  5. Vision  Leaders have vision. Proverbs 29:18 shares “Where there is no vision, the people perish …”  A great coach will be able see potential in a person’s life and help them see it.

Proverbs 15:22 speaks to the importance of wise counsel (coaching): “Plans fail for lack of counsel, but with many advisers they succeed.

Your financial journey will be helped greatly when assisted by counsel from a wise coach.

Do YOU have a financial coach?

How To Prepare For A GREAT Financial Coaching Meeting

If you have arranged for a 1-on-1 coaching meeting with one of the hundreds of financial coaches we have trained, let me give you some pointers that can help you maximize that meeting.

  • Fill out the pre-work paperwork  This will take 30 – 60 minutes, but it will really help you clarify the help you are asking for and can also help you identify potential cost savings before you ever meet with your coach.
  • Write down the questions you have PRIOR to showing up  It can be difficult to recall all of the questions you want to ask.  Grab a scratch piece of paper or your smart phone and record the questions as you think of them.
  • Bring copies of your paycheck stubs and bills with you  Guesses are not nearly as effective as KNOWING the expenses your really have.
  • Write down what frustrates you most about your finances  This can allow the coach to offer suggestions that can ease your pain.
  • Bring an open mind  This coaching session is not a “beat you up” and “embarrass you” meeting.  It is meant to help you get from “where you are” to “where you want to be.”  This means it is important to be open to suggestions to new ways of managing your money.
  • Try to prepare a budget before the appointment  This experience can really help you have a better and more informative meeting with your coach since they will not need to explain how the budget tools work.
  • Bring your spouse with you  Our coaches won’t coach couples if both don’t show up to the meeting.  If you won’t both show up, the meeting would be a waste of time any way.
  • Recognize that there will be work to do after the appointment  You must realize that the meeting is just one step of the process.
  • Recognize that you are responsible for doing the work  Your coach is passionate about helping you win with your money, but YOU have do to the heavy lifting of making it happen.  No matter how much your coach wants you to win, he/she can not take the necessary steps for you.  After all, in sports it is the players that do the work – the coach is a mentor, teacher, and guide.

I hope that this helps some of you!  If you want to set up a free coaching appointment with one of the coaches we have trained, please fill out the contact form HERE and tell us the city you live in.  We will match you up with a coach, and get you started toward taking your next financial steps.


Read recent posts