Coaching.Accountability.
What do these words bring to mind?
Many of us feel a sense of resigned acceptance. Acknowledgement of the necessity for coaches and accountability without any relish for the idea.
But do we truly understand what coaching looks like? And what about financial coaching? Is it really as intimidating as it sounds?
Who is your Coach?
The general qualifications for a coach are simple.
Your Respect
In order to be effective in their coaching, you must respect the person coaching you. No one has a perfect financial story, but to offer insight it is important you respect how they manage their own finances.
An Outside Perspective
In other words, your spouse cannot be your coach. One of the most valuable tools a coach has is their ability to view your situation from a different point of view. Sometimes those closest to you are not able to view your situation with the clarity required.
A Listening Ear
One of the most valuable assets for coaches is the ability to listen. Financial conversations can be difficult, tense and charged with emotion. It is important to have a coach who does not take sides or guilt you into better behaviour. Coaches are there to listen and provide external perspective, not condemn for past choices.
Who needs Coaching?
Everyone.
This does not mean everyone needs formal coaching, such as More Than Enough offers. All the same, we all need a trusted adviser to guide us and listen to our questions.
If you are frugal with your money and in a great financial situation, there is still room for growth and the input of those who have gone before you.
If debt is a mountain which you are beginning to chip away at, coaching is a great way to keep you motivated through the difficult decisions ahead.
No matter where you are, having another voice is valuable.
What does it take to be Coached?
Commitment.
When beginning coaching at More Than Enough, we ask our clients for a 12 month commitment. This signifies the intentional choice which every person must make to alter their money story.
Committing to make financial fitness a priority takes work and intentional decision making, but when there is real commitment, real change will follow.
There will be days of frustration, days of victory and a myriad of experiences in between. Having a coach can help level these experiences and offer wisdom on the good and bad days.
No matter what our financial situation, we all need a coach. Don’t wait for the right moment, seek out the advice and counsel of those who have gone ahead of you. If you don’t know where to start, please contact our office here.