Monday, September 21, 2009

Musings of a Financial Coach......

I had an interesting conversation with a good friend of mine this morning about what it takes for some people to 'get it' and move toward reaching their goals and why others don't. He got me to thinking about my role in helping people overcome financial hurdles…and what being a financial coach means for me. This is what I came up with....

I’m not a financial counselor or therapist… I’m not the one to pat your hand, rub your back and join the ‘poor baby’ pity party. I can’t do it, it doesn’t fit my personality. A coach pushes you to accomplish your goals. Sometimes that means they have to get in your face, look you square in the eye and tell you what nobody else will. Don’t misunderstand, I am a compassionate person, I’ve been there and I feel your pain. But I’m not going to let you roll around in it. Nope. What good does that do? None – zero, zilch! There’s no time to beat yourself up…I've never seen the value in rehashing mistakes you’ve made with money or old strategies that didn’t work.

The only thing we have time to do is make the future better than the past. What is your goal now… today? Got it? Write it down and let’s make THAT happen!
  1. Ask yourself - what’s stopping you from achieving your financial goals?
  2. Know where you are financially - write down all your income, expenses and debt.
  3. Write down where you want to be financially in 1, 3, 5, 10, 20 years.
  4. Read about, listen to and learn, as much as you can about money management.
Remember - it's not going to happen overnight, take small steps, don't get discouraged and you will see progress!
 
~Dorethia

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