How's Your Money Karma

How’s Your Money Karma?

Do you feel like you have a black cloud following you around when it comes to your finances? How’s your money karma? You’re trying to do the right things with your money, but something always throws you off that you have no control over, like a flat tire or an unexpected medical bill. I experienced this in my business several …

3 Ways to Add Emotional Money Coaching

3 Ways to Add Emotional Money Coaching Services

The financial services industry is changing for the better, adding holistic measures to help clients become and stay financial healthy. You’re convinced your firm needs to add emotional money coaching services. You want to assist clients who are going through emotional life changes and provide tools to turn mediocre investors into superstars. But what’s the best way to do that? …

The Cost of Doing Nothing

Occasionally, I have a potential client tell me they can’t afford the investment to hire me for financial coaching. Keep in mind, these are folks who have $100k+ incomes. But they can’t come up with a few hundred dollars a month to completely revolutionize their financial future? Now maybe it’s an excuse because they don’t think I’m the right money …

Emotional Money Coach

Why Your Firm Needs an Emotional Money Coach

You might be wondering why your financial firm needs an emotional money coach (or what that even means.) As an advisor, you’re passionate about growing your clients’ wealth so they’re comfortable in retirement. They’re not worried about running out of money and able to enjoy their golden years. Some of your clients get it. They max out their contributions and …

I’m Banning the Budget

I’m banning the budget! Yes, you heard me right, I am banning the B-word from my vocabulary. Words are powerful. Words are loaded with meaning. And the word “budget” is loaded with negative connotations. When I ask my clients what comes to mind when I say “budget,” here’s what they say: “Discipline.” “Restriction.” “Deprivation.” “No fun.” It’s a wonder that …

What is wrong with gazelle intensity

What’s Wrong with Gazelle Intensity?

If you’re familiar with Financial Peace University (FPU), you know all about gazelle intensity. It’s Dave Ramsey‘s method for getting out of debt fast. You run away from debt with the intensity of a gazelle in the Serengeti fleeing from a hungry cheetah. In practical terms, it means you cut your spending to the bone for a period of months …

Trying to Look Rich vs being rich

Trying To Look Rich Versus Being Rich

There’s a huge difference in trying to look rich versus being rich. The term “rich” is subjective and we can argue over exactly what that means. I really love the definition of rich that Jen Sincero gives in her book, You are a Badass at Making Money. “RICH = Able to afford all of the things and experiences required to …

What to Do During Your Weekly Money Date

Other money gurus preach the practice of holding a monthly budget meeting, but not me! I much prefer my clients have a weekly “money date” instead. Why? If you’re only checking in with your money progress on a monthly basis, you have the opportunity to get way off track. By doing this weekly, you’re more in tune with your money …

How Do I Get My Wife to Stop Spending Money

How Do I Get My Wife to Stop Spending Money?

You open your monthly credit card statement and almost faint when you see the total. Oh. My. God. How do I get my wife to stop spending money? There must be some mistake, right? As your shock subsides, anger rushes into take its place. “Honey! Get in here!” you bellow. The dreaded monthly credit card fight is about to begin. …