Extrinsic is the old carrot-and-stick approach – the hope of gain and the fear of loss. This includes payroll and bonuses. Intrinsic motivators are more powerful and can be broken down into 3 categories…
The Dirty Little Secret Behind The Financial Expert Biz
There is no relationship between the price you pay for financial education and the value delivered. I’ve purchased pure gold for less than $20 and spent thousands for highly marketed trash. Unfortunately, I’m not alone. The financial education business has more than its share of scams and rip-offs. P.T. Barnum was right when he claimed, “There’s a sucker born every minute.” Your only defense is eduction so that’s why I’m giving you this new consumer protection ebook explaining how to…
Faster, Better Results Now: A Boring Tool That Really Works
The human mind has a character flaw that can destroy your financial progress if you don’t control it with discipline. We are attracted to shiny, bright solutions that appear cutting-edge over perfectly suitable, proven alternatives that are boring but well within our grasp. Here’s one boring tool that just plain works. The question is, “Do you want the result or don’t you?”…
New Financial Coaching Articles Added…
Just a quick note to keep you up to date on the latest changes at Financial Mentor. I’ve recently added 4 new articles to the Financial Coaching section of the site that you might find interesting…
How Your Money Coach Is Like The Plumber’s Wife…
I have a confession to make. I work as a financial coach and have been developing this web site for 2 years to promote my practice… but I’ve never built out the financial coaching section of the site. Kind of funny, eh? Sort of like the plumber’s wife who can’t get her clogged sink drain fixed. Well, all that is changing now…
How To Play To Win… With Balance
I want to share a story with you from my coaching practice. It comes from a client who is a very successful trial attorney and was embroiled in a bitter legal battle. Now, you may be asking what does a trial attorney’s life as a warrior have to do with me? The truth is we are all warriors whether entrepreneurs, investors… or trial attorneys. We are all fighting our battles to win and this message is relevant for all warriors in pursuit of success – which probably includes you…
A 10% Safe Dividend On The Dow 30?
We live in an increasingly complex investment environment. It’s no longer sufficient to master just stocks, bonds and real estate because financial engineers are busily creating all kinds of hybrid investment products to satisfy demand. These Frankenstein-type investments usually involve derivatives and create complex risk profiles that few people have the expertise to analyze. In this post I explain the same three step process that helped my financial coaching client sort through the confusion and make a smart investment decision…
Financial Coaching vs. Financial Advice: What’s Best?
I’m often asked, “Todd, I already have a financial advisor. Why would I want a financial coach?” If you look behind this question you will see an underlying premise that assumes financial coaching and financial advice are substitutes for each other. The truth is they are as different as night and day. In this new article I explain the key differences distinguishing financial coaching from financial advice so that you know how to use each service to your best advantage…
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