Why Work with a Money Coach? The Unexpected Benefits!

Have you ever felt stuck?

Or, like you’re doing the same thing over and over, and getting the same crappy results?

Have you felt like you have no idea what else to try or who to turn to for help? Like you “should” be able to figure it out on your own, but you’re just not?

Let’s talk about what might be made possible from working with a Coach!

What is a Coach?

A Coach is a (sometimes certified) individual whose job it is to listen, understand and identify your goals and their obstacles, support you in navigating through that, and hold you accountable to taking the next best steps–usually around goal setting or becoming more confident in a certain area of life.

Financial Coaches (also known as Money Coaches to cut down the formality) specialize, generally, in helping clients get organized with their money, and meeting their financial goals. They may help with basic financial literacy, money management or something specific entirely.

Coaching may be directed at urgent situations that need immediate attention and remediation, or an over-all trend of positive change by strategizing together on a long-term goal.

Considerations Hiring a Money Coach:

Understand expectations; be aware of the difference between Financial Advisors and Financial Coaches.

Get clear on the issue you want to address, the cost to work on it together, and the length of time it will take.

Understand what will be expected of you, and what will be expected of the Coach.

If verifiable education and experience is important to you, though not legally required for Coaching, ask about Certifications.

Unexpected Benefits of Hiring a Money Coach:

Feeling Supported

Some people feel immediately better having just stated what they’re going through to another human.

We all want to be heard and acknowledged that what we’re experiencing is normal, and that there is hope.

Someone to Check You on Your Own Hang-ups

Coaches have the skill of deep listening. They can identify exactly where you are, where you want to be, and most importantly, the obstacles in your way. They can help to untangle how best to navigate the bumps in your path that you may or may not be aware-of. They can stress-test the plan by bringing up any forecasted challenges.

You might experience new insights you hadn’t thought of, and, depending on the expertise, learn something you didn’t know before.

What you thought was unsolvable, or perhaps solvable in only a single way that wasn’t going to work for you, might be opened up to several new possibilities. Expect some ah-ha moments.

Actionable Next Steps

Working with a coach can ramp-up your internal motivation. 

Suddenly you’re excited about the prospect of what life might be like if you were to take action. 

You can envision where you actually want to be, and the pathway feels a lot more attainable with someone at your side.

Fostering motivation and becoming inspired can be exactly what you needed just to get started moving in a productive direction.

Momentum moves the needle. As Steve Chandler, author of The Prosperous Coach likes to say, “The path of inspiration is the best path”.

Accountability

Accountability might be the #1 reason people seek out a Money Coach.

Most of us are highly attuned to perform well for others. Our actions, when being held accountable to someone else, are often much more likely to happen!

Working with a Coach can provide a new level of self-awareness. Understanding how you’re motivated can be key to your ability to take an Action Step.

Take a short quiz and find out more about your personal motivation type here!

Working with a coach can be beneficial in each of these areas, and many more. Gaining clarity on your situation and building the confidence to figure it out can be game-changing. Just as impactful, and a by-product, is the reduction in feelings of stress that can follow. You may not even realize how much that thing was bothering you until it starts to subside.

The Transformation occurs when you’re living your life, the way you envisioned, without the struggle of what once was. How good would that feel?