Don’t Be So Rigid in Your Coaching There’s a school of thought with some financial coaches that all credit cards are bad. They think people who have gotten themselves into credit card debt need to work their way out, month-by-month, payment-by-payment, and that the credit cards they have are the credit cards they are stuck with. Because of this way of thinking, that means some coaches will never tell their clients about the option of possibly taking advantage of a balance transfer. A zero percent credit card might be available to them, and even if that person is paying 25% [...]

Years ago, I found myself getting offended when people would ask for a discount on my coaching. My time was valuable. I set that price for a reason. Why would anyone think I would charge them less just because? But then I had to step back and make a mental shift around discounts. I told myself, "It's great that they ask. They should ask. It doesn't mean I have to say yes, and it doesn't mean they don't value what I'm offering." In fact, I challenge my clients to ask for a better price when they're buying something just to [...]

There is no one-size-fits-all approach to money.   Depending on the person I’m coaching and the financial situation they are in, I will employ a bunch of different strategies to help them meet their financial goals.  I recognize the strategies I use might be different than the ones you would use. And that’s ok. One of the beautiful things about financial coaching is that there is no right way to do things. We each have our own ideas of the best strategies to pay off debt, to shore up savings, or to plan for retirement. Those differences are definitely a [...]