Financial Coaching
Financial Coaching Is A Collaborative, Educational Relationship That Supports You In Achieving Financial Freedom.
The naked truth is the financial world preys on your fear and ignorance around money. Most people are more comfortable talking about their sex life than their personal finances. In fact, many people are downright embarrassed that they don't know all about investing in stocks, how to design creative real estate transactions, or basic principles of money management and risk management.
It's time to come out of the dark ages and realize financial intelligence is a learned skill like any other skill you have already mastered. All you need is a little willingness and the right coach.
- Top athletes like Tiger Woods use performance coaches to stay on top of their game.
- Oscar winning actors use acting coaches.
"One year of coaching with Todd has produced more and greater results than the hundreds of self-help books I have read over the past 45 years."
Stephen Klink – Oakland, CA.
- Award winning singers use voice coaches.
Isn't it about time you used a financial coach?
Financial Coaching Overview
Financial coaching is a powerful, professional partnership that can save you time and money by helping you avoid the dangerous pitfalls and dead-end paths on the road to financial freedom while accelerating your wealth building process. Your financial coach becomes a personal guide on your journey to financial freedom.
Financial coaching supports you in taking the most efficient, effective actions toward achieving your goals. If you are looking for the latest "get-rich-quick" thing then you are looking in the wrong place. Your financial coach provides accountability, experience and support with valuable insights into the wealth building process – but always remember you will do the heavy lifting.
Financial coaching is not like reading a book, listening to a CD or watching the latest seminar on DVD: these are passive, one dimensional experiences. Financial coaching is an interactive, dynamic, learning experience uniquely tailored to your needs. With financial coaching you will be educated to develop your own plan for financial freedom while overcoming your personal obstacles to success – something no generic instructional course can do.
The Purpose of Financial Coaching
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"I wish I would have started financial coaching with Todd two years earlier – before I lost $50,000 following the advice of the "do it my way" gurus. Not only is he helping me create a tailor fit wealth building strategy that suits me, but he also taught me exactly how I went wrong, and why I made those mistakes to begin with – something you don't get anywhere else. Todd's wealth building approach is so fundamentally sound that you begin applying it to every area of your life and you are left wondering why none of the gurus are telling you this stuff. His approach is truly refreshing, motivating and empowering. Thanks, Todd." Jeff Adams – Investor, Denver, CO. |
Financial coaching is not just about making more money: it's about enjoying the journey along the way by growing your wealth without the usual stress and struggle. Financial coaching is about developing an abundance of money as well as loving relationships, inner peace, greater time freedom and a deeper sense of fulfillment in life. Financial coaching is about true wealth, and making more money is only one part of that.
If you're not clear about the value of financial coaching just try and imagine an Olympic athlete without a coach. Do you think they would have made it to the Olympics? Do you think they could have competed at such a high level without benefitting from the expertise, accountability, and value created by a coach?
Now, just imagine the difference financial coaching can make in your life. Most clients who are in business or already investing find just one mistake avoided or one decision changed can pay for years of coaching services – with all the rest learned along the way thrown in for free.
Want To Learn More About Financial Coaching?
- Experience how others have benefited from financial coaching.
- Learn how financial coaching produces results.
- Uncover the critical differences between financial coaching and financial advice.
- Play this coaching game online and see if you can pass this test.
- Discover how financial coaching differs from other personal and life coaching programs.
- Learn how the financial coaching process works and what you can expect.
- Find out how to get started with financial coaching today…
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Comments on Financial Coaching
I've retired at the age of 56 with a pension plan of $713,000 and $298,000 in 401K. I have a mortgage of $250,000 at 5.25% and a equity loan at $108,000. I also have $30,000 in savings. We also have another $140,000 tied up in stocks. I have no in-coming income, so I would need to get a monthly check to live on. What would be the best way to handle my situation? You're help is greatly appreciated.
@Guillermo – Thanks for your question. Unfortunately, it does not lend itself to being handled in the comment section of a blog or in email. This is exactly what financial coaching is for and why people hire me as their financial coach. I know it sounds self-serving to say that, but there is a lot that will go into working out an answer to that question. It would be a disservice to your situation to just dash off a one paragraph answer here. To properly address this question we would need to understand where you want to go with your life, what skills and interests you have, your expected spending level and so much more. It is a personalized process where even these questions would just barely scratch the surface of putting together a life plan that will create fulfillment and happiness in this next stage of your life. Your question would best be answered in the interactive, personalized environment of a financial coaching relationship. So anyway, congratulations on doing well for yourself in your first career, and let me know if I can support you with financial and retirement coaching to make a smooth transition to this next stage of life.
Hello,
Do you have any tips for someone looking to change their career and become a financial coach?
@ Cortney – Yes, financial coaching is a personally rewarding career, but if you need the money then don't do it.
My wealth is determined by my investing, and financial coaching is a personally rewarding passion for me. That is why I do it. When you figure in marketing time on a business model that is trading time for money (hourly rates) it makes no business sense for a properly qualified person unless you do it because it is your life path.
There are far more lucrative business models out there if you are still trying to build your wealth, and there is one lucrative business model in financial coaching that the big name gurus pursue involving heavy handed marketing and high ticket upsells (multi-thousand dollar pay in advance canned programs), but it lacks integrity and is only good for the promoter in my humble opinion. I wouldn't want my name or life energy associated with anything like that.
In short, it depends on your goals. My goal is to build a community on the web and give back the specialized knowledge I have accumulated so financial coaching is great because I am pursuing my passion. I love what I do and making money is a secondary consideration.
However, if making money is your primary goal then financial coaching is a lousy business model unless you break the time-for-money barrier by playing the big-name guru strategy and leveraging marketing firms. Unfortunately, I do not believe that approach is good for the consumer so pursuing it would be a violation of integrity (IMHO).
Hope that helps.
Todd,
Is there a difference between a financial coach, a financial planner, or financial advisor?
@Bridget – YES!!!
The difference is like night and day. I devoted an entire article to explaining the critical differences between financial coaching and financial advice, and I offer another article explaining the differences between mentoring and coaching here.
These terms often get confused yet the differences are more than mere semantics.
Thanks for asking…