Financial Coaching Module 1

COACHING PRACTISE

A financial coach doesn’t do the work for a client but rather helps empower the client to implement important changes and processes to improve their financial fitness. Help clients clarify their goals and priorities, then focus on all tasks through that very personal lens. Has the best interests of the client at heart. This may or may not be what the client wants to hear, but it should definitely be what the client needs to hear. · What makes a good successful financial coach? ·A great financial coach takes the time to understand the client's specific situation holistically, works with them to clarify concerns, goals, and dreams, and then makes sure all discussions are in the context of the client’s personal priorities. A great financial coach applies his/her coach skills to market a product. ·Provide unbiased guidance that is always in the best interest of the client. ·A great financial coach has life experiences and has specifically learned from, from and corrected, past mistakes. No one is perfect and challenges in the past can make a financial coach more understanding and compassionate. A financial coach should be a model for clients and have their own financial house in order. Our financial coaches all practice what they preach. ·