Want to call a
financial coach, but not sure what to expect? Maybe you’re nervous about
seeking help in the first place. That’s understandable. The good news is
financial coaches aren’t counselors. We will work through a financial checklist
designed with you in mind.
How to Prepare for Your Session
Don’t worry about
gathering years of tax documents and bank statements before your session. I
will email you a simple form to fill out and submit beforehand.
So what’s on this
form? One is a short financial fitness form. The financial fitness form will
tell me how much you earn, how much debt you owe, and your top concerns or
questions for our session.
What Will Happen During Your Session?
When we meet virtually
for your session, I will have already reviewed your forms. After getting to
know you for a few minutes, I will dive right in to your most pressing
financial issues.
Since every client has
different needs, every coaching session will be different. Some topics,
however, overlap, like communication, debt elimination and saving for education
or retirement.
Most clients need to
focus on what are they currently spending. That means thinking about purchases that frequently bust
bank accounts, like eating out, birthdays, vacations and even tithing. I
want you to plan for these expenses instead of forgetting about them and
falling back on credit. To do this you need an app or software that tracks
everything you spend & everything you earn.
What You'll Walk Away With
Successful clients
move the needle as soon as possible after their session. That’s why I will give
you action steps to follow almost immediately. These might include
tweaking your budget, creating a debt elimination plan, and setting goals for
the next months. We may brainstorm additional income opportunities to pay back
debt faster (create a stream of income) and smart ways to stay out of debt in
the future.
Keep in mind
that you won’t leave your session with all your issues magically
solved. But you will leave equipped to solve them yourself. Think of
your financial coach as a personal trainer. He or she will show you what to do
and how to do it, but the heavy lifting is up to you.
And the payoff? When
you realize, you did it—all by yourself.
Disclaimer: I am not a CPA, CFP or a licensed insurance or investment professional. I am a trained Financial Coach. I am sharing ideas. It is important that you understand and make your own choices. I want to educate and guide you to make sound financial decisions.