One of the most rewarding aspects of being a financial coach is watching my client go from feeling clueless and overwhelmed to taking control and stepping into her money power. One thing I know for sure is that a financially empowered woman is unstoppable in her ability to take excellent care of herself.
For women, being empowered around money has a positive impact on areas of her life such as:
This is exactly what happened for my client, Nicole.
Before I started working with Nicole, she was concerned about her overall financial security. She had financial goals, but wasn’t sure how to go about achieving them. She wanted to be able to do things such as save enough money to buy a house someday, go on vacations and save for retirement. In her own words, Nicole shares how money coaching changed her life.
Money coaching with Patti has made a positive difference in my outlook on finances and how I run my business. I have always lived paycheck to paycheck and was tired of stressing out about money. When I discovered that Patti was offering money coaching for women, I realized this could help me personally and professionally. Being self-employed, I soon realized that learning proven strategies to help me properly manage my money would be the key to my success.”
Like anything worthwhile in life, success in finances is built one habit at a time.
Typically, my coaching programs start off with a money personality assessment, which gives incredible insight into your unique money strengths, as well as areas where you may be challenged with money. Everyone’s money personality is different. Clients find this work fascinating, which gets them excited to take control of their finances.
Then, depending on the client’s goals, we move to creating new money habits, which once implemented gives clients a tremendous feeling of empowerment.
For instance, I have found that tracking income and expenses gives a woman a feeling of being in control of her finances, which is one of the main reasons women come to money coaching. It takes her out of fantasy thinking, which tends to keep a woman in denial, or feeling clueless about the reality of her finances.
Some clients require more process work on the emotional aspects of money, which is my favorite part of coaching, because breakthrough and transformation is what money coaching is all about.
One of the biggest reasons Nicole benefitted from her program is that she was coachable and open to new possibilities right from the beginning. She didn’t let feelings of discomfort keep her stuck or from completing her assignments. She was in integrity with her word, always doing what she said she would do. She took responsibility for her finances.
Finances and money can always be scary to discuss. Patti made me feel comfortable disclosing this private issue that I had always been nervous and ashamed about. This sense of comfort and trust I felt allowed me to open up and gain a great, successful experience! Taking these skills I learned from our coaching sessions and putting them into effect into my daily routine has tremendously helped me feel more secure and comfortable with my finances. I would highly recommend her services!”
Money coaching provides a safe place for women to open up and learn how to create a healthy relationship with money despite feelings of vulnerability.
As a retired financial advisor, I believe that money coaching is a powerful resource for women. If the financial services industry truly wanted to serve women, more emphasis would be placed on this area of need.
For women, the emotional side of money can keep them from making sound financial decisions. Shame around money especially is more common for women than for men. It happens to be one of the reasons they don’t reach out to financial professionals for help.
Patti has given me ideas to implement in my business that have helped me build clientele, promote my services, and most recently, given me courage and ideas to raise my prices while feeling comfortable doing so. Every week, she would have me set a goal for myself to complete the following week. One of my main goals was seeking new clients. I gained 7-8 new clients per month as a result. It felt great to accomplish these goals and to see them being reflected in my work was very motivating!”
For women in business, much of our coaching centers around worthiness and empowerment, which in turn impacts sales and income. This was the case with Nicole. Each week, as she evolved in our work together, she became more empowered to reach her financial and business goals, which resulted in new clients and increased revenue each month.
Throughout my coaching sessions with Patti, I gained money saving tools, I’ve built confidence in myself, set goals and met them, and started saving money which was one of my biggest challenges! By using charts to track my income and expenses each month (which I had never done before), I realized how beneficial this was becoming. I then started saving a percentage of my income per month to go into my savings. Watching that amount grow was motivating and I now save four times that amount per month!” –Nicole Dethier, Beauty and Image Independent Contractor
Nicole Dethier, Beauty and Image Independent Contractor
I’m obviously very proud of Nicole, and how she stepped up to the plate to take charge of her finances. As a result, her business and income keeps growing, as does her savings.
Savings is one of the most powerful assets a woman can have, because it gives her a sense of security. Financial wellbeing comes from feeling secure. It’s one of the most important financial goals for women.
If money coaching is not something you can invest in right now, make a plan to educate yourself about personal finances by investing time reading. That’s the most affordable way to become financially literate.