What is Financial Mindset Coaching?
Financial mindset coaching is a somewhat new take on personal finance.
It studies the thoughts, feelings, and actions you have around money and it isn’t solely focused on helping you to create spreadsheets.
It’s a therapeutic process because we do go back to how you grew up with money. This is because a lot of the thoughts, feelings, and actions you have around money come from your family. You may have heard your parents say “only bad people make a lot of money” or because they weren’t around much they paid for their absence with money. There are many scenarios around this and we go through all of your money history in the initial 4 step process, which brings me to the next question: What will it do for you?
Money mindset coaching starts with a 4-step process that helps get to the core money issues surrounding your relationship with money. These core money issues are what’s sabotaging your relationship with money and they keep you from reaching your goals.
Core Coaching Process
This is a list of money memories from as early as you can remember. Some memories might not seem like much until when we go through them. You may realize that they were the catalyst that caused the change in your relationship with money.
Mother / Father (Guardian) Mirror Grid
During this process, we discuss your parents’ traits and which of these you inherited. It helps to discern what’s yours and what you’ve been mirroring from the people you are around. It’s also during this process we discuss the challenging traits you want to change during further work.
Money types are just the types of characters that are in the play. They do not describe you as a person. Money types are dynamic and change based on the role you give them in your life.
Life Inventory Process
Though not completely money related, you may rediscover a passion that you can use to make money. During this session, we also discuss future coaching and where it is you want to go. This is when we create your follow up plan of coaching and working on the challenging behaviors from session 2 and 3 and working with small but significant steps to change them and you to be the money mastering warrior princess that you deserve to be.
The rest of the process is a 3 prong approach. We work with the behavioral aspect (overspending, impulsive, lacking discipline etc), the practical aspect (budgeting, saving, money making activities), and the life purpose aspect (balancing giving and receiving, life’s purpose/vision statement, and purposeful intention). These will make the link between your conscious and subconscious a clear road with very few if any true roadblocks and if they do come you’ll know how to masterfully navigate them.
So what will Financial Mindset Coaching do for you?
Coaching will help you get the hell out of your way! Your subconscious actively tries to maintain the status quo. It actively goes against everything you actively work for because it thinks it knows what’s best for you based on PAST experiences but as the stock market likes to say “Past results doesn’t guarantee future results”. This statement is true for you and your life as well!
So it’s time to tell your subconscious that change is possible and prove it. When you remind yourself of your success it reinforces them in your subconscious. Your subconscious likes to also “save” you from what might seem to be harmful things by eliciting a fear response and telling you not to go there. With the work we will do together you will learn how to push the fear out of the way so you can continue on the path to reaching your goals. Isn’t that what you really want? To reach your goals so you can live a better life free from financial stress and worry? To leave a legacy? To create generations of wealth behind you (if you are into that)?
It’s imperative that you start today.