You’ve decided that you want to pursue your financial freedom. You want to make sure that you and your family are never at the mercy of a single paycheck ever again. You intend to make certain that when you retire, it will be on your terms and you won’t be compromising on the quality of your life when you do it. You also know that to get there, you’re going to need a little help.
Coaching Makes Sense For Financial Freedom
A personal coach makes the most sense when you undertake the journey to financial freedom. It’s not book learning, which can help you decide which investments to pursue and which to avoid. It’s finding someone who understands your hopes and dreams and who can support you to put a plan in place to achieve them.
The Qualities Of A Good Coach
A coach isn’t a personal trainer. Their job is to help you determine what your financial freedom looks like and not to decide that for you. They are there to help you make the big decisions in your life and to ensure that those decisions resonate with your personal values and are in your long-term interests.
That means when you look for a coach you want to seek someone with the right qualities to do the job for you. These include:
- They listen more than they talk. Coaching is about you. It’s impossible for somebody to know what you want to achieve or how you want to achieve it unless they listen to you.
- They can empathize with you. Your coach doesn’t need to have walked a mile in your shoes but they must be able to think about what it would be like to do so.
- They must be able to help you focus on your goals. Financial coaching is coaching with a purpose. It’s there to bring you financial freedom. A good coach is capable of helping you focus on your goals and supporting you to keep on track.
- They can offer insight into your plan and ideas for financial freedom. Your coach needs to be able to shine a light onto your ideas and help you work through the ideas that are going to bring you the most benefit in light of your goals.
Choosing Your Coach
The clearer your objectives for hiring a coach; the easier it is to hire one. In fact, if you haven’t decided what you want for your financial freedom – it can be a good idea to conduct a goal setting exercise with the coach you feel you have the most rapport with; if they can help you reach that understanding, they may well be the right coach for you.
If you know what you want already, you can move to looking at the coach more closely. Do you feel confident in their ability to deliver results similar to those you seek to achieve? If not, ask for evidence. This can come in many forms from references to case studies but don’t be scared to see what a coach can do.
Once you feel ready to move forward, don’t be scared to book a session or two as a “test drive.” See how your new coach performs. Don’t forget that they are there for you. Work on a specific issue with your coach, see if you can resolve it the right way together.
If you’re considering using a coach to reach your financial freedom; please try out my services using my absolutely free Abundant Mind Toolkit, you can find it here.