Dos and Donts in a Financial Crisis

Do’s and Don’ts in a Financial Crisis

In a financial crisis? If your livelihood is being affected by the COVID-19 pandemic, you’re not alone. With many public-facing businesses and organizations closing or going virtual for now, the uncertainty of it all probably has you feeling fear. But making money decisions from a place of panic rarely turns out well in the long run. Here’s what to do …

Married, But Financial Roommates?

In my financial coaching practice, I’ve noticed a trend lately. I’m encountering more and more married couples who are financial roommates. This means they’re keeping their finances completely separate. It’s not my imagination either. According to a recent study of the money habits of millennials by Bank of America, 28% of millennial couples say they keep their finances completely separate. …

The Astronomical Cost of Kids Sports

The astronomical costs of kids’ sports activities are consuming a larger portion of my clients’ spending recently. It’s not hard for the cost of sports (and other extra-curricular activities) to spiral out of control, especially when you have multiple children.  How do you know when you have crossed that line?  This will vary based on your particular financial situation.  My …

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 …