I have been asked this question a lot lately so I am going to explain what I do as a Money Coach. I cannot speak for all Money Coaches but just for myself and the way I work with my clients. I have been trained as a Certified Money Coach through the Money Coaching Institute. The founder is Deborah Price and Deborah was originally a Certified Financial Planner, just as I am. Deborah’s work began when she discovered various patterns and behaviors that kept popping up in a client’s life. She than began her research around money and the brain and later developed an amazing system to help clients to begin to understand their conscious and unconscious beliefs, behaviors and patterns. My work as a money coach follows Deborah’s research and philosophies.
Money Coaching combines the psychological with the financial areas of our lives. What we begin with in my coaching practice is the “beginning”. We work forward from our first interaction with money to today. We look at our parents, siblings and partners and the way they interact or interacted with money and we look at our current relationship with money. This is our starting point. From here we are able to discover how emotionally charged past events have impacted our emotions and behaviors around money. We discover how our habits and behaviors were hard-wired at a very early age. We learn about any unconscious fears that may be inhibiting us to lead the life that we truly desire.
Once we uncover the patterns, behaviors, beliefs and fears around money we can than begin the process of change. The money coaching process is Identify, Understand, than Change.
This is a step by step process. For many it is very enlightening and it is an amazing journey of self-discovery. You cannot begin to imagine how powerful this process is until you experience it. There are so many hidden obstacles that you may not even be aware of. Once these are brought to light, the journey of change begins. It is much easier to change patterns and behaviors once you realize where they originated. Money Coaching does this.
Money Coaching is focused on you, your relationships, healing and strategies to move forward. It is for everyone to experience as everyone does have a “Money Story” and you deserve to have a happy one.