If you disaster proof your finances now, you’ll be prepared for financial emergencies in the future. The COVID-19 situation has highlighted the fact that most people are NOT financially healthy enough to weather a disaster, either a personal one or global one. This pandemic is unique in that we’re all going through a similar financial emergency together. What isn’t unique …
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 …
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 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 …
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 …
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? …
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 …
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! 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 …