Blog

What's the #1 concern clients have? clients concern debt Nov 06, 2020

(Photo by Ehud Neuhaus on Unsplash)

Is debt the #1 concern why clients reach out to a financial coach?


Garrett -
 
While debt is something that many clients who go to a financial coach will want help with, it's not what your outward marketing should necessarily highlight, for a couple of...

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What is the best physical planner and why? operations planning weekly roundup Oct 02, 2020

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What is the best physical planner and why?


Garrett -
 I'm a huge fan of the Momentum Planners by Productive Flourishing. It does a great job of helping you create goals and a vision for the year, and then breaking them down into quarterly, monthly,...

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What Payment Processor Should I Use? financial coaching payment processor Sep 04, 2020

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Which payment method is the safest and most convenient way for clients to process payments?


Garrett -
All major payment processing services - Stripe, PayPal, Square - all prohibit Financial Services professionals/companies from using their product in their terms of service....

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Building referral relationships with Financial Advisors referrals weekly roundup Aug 07, 2020

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How do I communicate the value of a referral relationship to a Financial Advisor?


Garrett -
prioritize connecting with advisors (or other referral partners like life coaches, therapists, divorce attorneys, etc.) who share your ideal client. This will make your...

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Startup Costs for Becoming a Financial Coach finance weekly roundup Jul 10, 2020


How much money do I need to get started as a financial coach?


Garrett -
 I started Be Awesome Not Broke with approximately $25k in the bank, enough to last me just over a year if I were to make $0 over that time. I got this number by adding what my bare-bones living expenses could be, with...

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Financial Coaches vs. Financial Advisors weekly roundup Jun 26, 2020


What's the difference between a Financial Coach and Financial Advisor? 

Garrett - Most financial advisors tend to focus on implementing financial products and strategies, while financial coaches focus more on the basics of personal money management, behavioral change, and accountability to a...

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Coaching Family & Friends weekly roundup Jun 12, 2020


Can I work with friends and family? If so, how?

Garrett - My coach who worked with me around client issues (and is a LMFT) said that it depends on the type of work that you are doing with them. Therapists aren't allowed (or shouldn't) have personal relationships with their clients, due to the...

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