As I talk with people about the material in my recent release Simple Wealth Building Strategies, I often get asked questions about how the average person can build wealth in challenging economic times. Based on my experiences, I thought it would be
advantageous to share some of the questions I get asked such as this one about the advantages of hiring a financial stability coach.
Why should I hire a financial
stability life coach instead of a financial planner?
This is the most common
question I hear and one that I think everyone should ask. The simple answer is,
the decision should be based on your needs. If your focus is only financial,
then a financial planner might be the answer, but if you are interested in
personally achieving results, then a financial stability life coach might be
more advantageous.
A life coach that specializes
in financial stability takes a more holistic approach to your life. When you
hire a life coach, you are seeking to improve many aspects of your life, not
just your financial positions. He or she is not only interested in what you can
achieve financially, but the coach is also interested in establishing and
achieving goals in other areas of your life.
In my book, Simple
Wealth Building Strategies, I spend an entire chapter on goals and,
although I use a financial example to highlight the aspects of rock solid
goals, the process is applicable in all areas of your life. Your life is
dynamic, meaning that it changes constantly and a life coach can help you
navigate those changes in relationship to other aspects of your life that are
more stable.
Life coaching is a process of
mentoring, encouraging, nurturing, and strengthening the client to correct
ineffective behaviors using a multifaceted approach. These behaviors have a financial
impact because every aspect of your life has a financial component. The life
coach is interested in results, not just acceptable outcomes. Better health
reduces medical costs, correctly prioritizing wants and needs reduces wasteful
spending, and time management increases efficiencies.
A life coach is a mentor who
shares with the client observational knowledge, in addition to learned and
experiential knowledge, to provide direction in all areas of life. The coach
can often see ineffective and inefficient behaviors that the client cannot.
This allows the coach to make suggestions about course corrections that result
in a more effective and efficient use of resources and energy.
A life coach is an encourager
who provides sound reasoning to complicated life questions. He or she is able
to take difficult problems and break them down to manageable situations with
solutions. The coach can see the blind spots, potholes, and road blocks that
the client often times cannot.
A life coach is a nurturer
who becomes a student of the client, learning which areas lack the development
required to achieve the goals the client sets and then begins to build up the
client in those areas. Nurturing requires the coach to supplement the client’s
intellectual, emotional, and spiritual intake with healthy and wise advice
about how small changes can result in big accomplishments.
A life coach is a
strengthener who stress the client’s intellectual, emotional, and spiritual
muscles to assist him or her to stand strong in the face of adversity. The
coach pushes the client to do one more rep, run one more mile, and swim one
more lap faster than the last. He or she motivates the client to stay the
course concerning his or her goals. Building strength requires a client to push
just beyond the limits he or she has set while the coach becomes the motivating
force that drives the client to excellence.
A financial stability coach
is not just interested in the client building wealth. He or she is also
interested in the behaviors that drive better decision making, reduce the level
of stress associated with financial decisions, and build a solid foundation
from which the client can remain strong in the face of adversity.
No comments:
Post a Comment