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How Many Financial Coaching Clients is Too Many? Here Are Three Considerations

By |2019-08-31T20:22:22+00:00August 31st, 2019|

It's a hard balance to figure out: How many financial coaching clients can you take on before you feel overworked and spread too thin? There's no magic number that works for everyone. At the height of my coaching, I was doing 40+ hours of just coaching sessions in a week (so 40 1-hour sessions probably), but I do not recommend that. I was pretty burnt out, and my business at that time was not scaled properly. Chalk it up to growing pains. But looking back now, I can say there are ways to help you figure out how many clients [...]

From One Experienced Financial Coach to Another: You Got Skills

By |2019-07-24T15:06:49+00:00July 24th, 2019|

It's not often this girl gets surprised during a client meeting, so I have to share something that happened last week. I've worked with this client (I'll call her Jenny) for probably 7 or 8 years. It’s been a long time. Jenny is amazing - she’s driven, coachable, honest, self-aware, giving, caring, you name it. Jenny is the best.  We have met every two weeks, if not more, for the better part of the last decade, so as you can imagine, I know Jenny pretty well and she knows me. Our journey together has been gratifying for both of us. [...]

Tough Client Conversations: When Your Client is Ghosting You

By |2019-07-06T18:14:30+00:00July 6th, 2019|

Your client paid for their sessions, up front and in full. YAY! That’s great. But now, all you hear are crickets. You’ve tried reaching out several times to move them forward in your coaching process, but they are unreachable. You are being ghosted. Or maybe every time they respond, it is only to reschedule for some date a few months away. That’s not so great.  If this description fits one of your clients, here are a few things to keep in mind and ways to move the process forward. Lead with Compassion and Concern in Your Outreach You never know [...]

Financial Coaches Unite 21-day Business-Boosting Challenge

By |2019-07-15T22:58:20+00:00July 3rd, 2019|

CHALLENGE NOW CLOSED - CHECK BACK FOR OUR NEXT ONE! We are so excited for our 21-day Business-Boosting Challenge to kick off on July 15th!! It's just 21-days long --->You can do ANYTHING for 21 days!! :) We are on a mission to empower financial coaches like you to up-level your business, achieve greater results with your clients and overall, grow as an entrepreneur and as a person! Chances are, you excel with a little bit of friendly competition and positive peer pressure - well this challenge is perfect for you then! Every day there are a number of activities [...]

The Many Faces of a Financial Coach – Lisa Duke

By |2019-05-28T04:03:27+00:00June 3rd, 2019|

The purpose of The Many Faces of a Financial Coach blog series is to inspire up-and-coming and veteran coaches alike. Our mission is to show the beautiful uniqueness to coaches overall while telling their story, describing their niche and allowing them to offer tips & advice to other coaches. Profiles of coaches are not necessarily participants or graduates of the Financial Coach Academy training program (although some are). It's purely for inspirational purposes only.   Name Lisa Duke Website https://LisaDuke.net When did you start your Financial Coaching business? April 2018 Tell us about your journey to becoming a financial coach. [...]

The Many Faces of a Financial Coach – Kelly Harrell

By |2019-05-28T03:55:33+00:00May 28th, 2019|

The purpose of The Many Faces of a Financial Coach blog series is to inspire up-and-coming and veteran coaches alike. Our mission is to show the beautiful uniqueness to coaches overall while telling their story, describing their niche and allowing them to offer tips & advice to other coaches. Profiles of coaches are not necessarily participants or graduates of the Financial Coach Academy training program (although some are). It's purely for inspirational purposes only.   Name Kelly Harrell Website https://www.moneytreeacademy.com/ When did you start your Financial Coaching business? Spring 2015 Tell us about your journey to becoming a financial coach. [...]

Tough Client Conversations: Your Client Made a Poor Choice and Can’t Afford to Pay You

By |2019-05-22T17:08:35+00:00May 22nd, 2019|

We had a situation with a client at Fiscal Fitness recently where they couldn’t afford our services because of some poor decision making. We work with them on a monthly basis and our monthly payment was coming due. But between our previous session with them and the one that was coming up, they decided to sign up for a CrossFit membership. This expense was not in their budget, and by signing up for this membership, it meant they didn’t have the funds to pay us. This was frustrating.   But I wasn’t frustrated about their inability to pay me. It [...]

Tough Conversations: How to Break Up with a Financial Coaching Client

By |2019-05-01T15:10:41+00:00May 1st, 2019|

Breakups are hard. No one likes being broken up with and few people like breaking up with someone. It’s uncomfortable and raw and usually leads to more questions than it does answers. If you are fortunate to be in business for a long time, chances are you’ll need to end a relationship with one of your clients at some point. And this is going to be a tough conversation. Here are a few ways to help you have the right words but also evaluate if it really is time to end it all. Before You End It Before you start [...]

How Your Financial Coaching Business Benefits from Clients Who Don’t “Get It”

By |2019-03-27T15:29:46+00:00March 27th, 2019|

Let’s say you have a financial coaching client who has been working with you for only a month or two. It hasn't been a super long relationship, but even after this short period of time, you can tell they're simply not getting it. They're not getting great results or maybe they're not moving as fast as you would like. Perhaps it feels like you take two steps back for every step forward. When you talk to them, you say things like “You did what since we talked last? What do you mean you just bought a new car?” In short, [...]

My Last Day In Corporate America

By |2019-04-24T21:12:06+00:00March 25th, 2019|

Eleven years ago today was my last day in Corporate America.  It was the day I became a full-time financial coach. I remember thinking, "I'll give it a year...and if I can't cut it, if I'm crazy and this 'coaching thing' doesn't work out, I'll just go back into Corporate America." In other words, I totally didn't expect it to become what it has.  My business was my first baby.  Michael was soooo supportive!! He was my biggest cheerleader at this time - in other words, not much has changed! I was clueless at how to communicate my value and [...]