What is behavioral money coaching?

by | Mar 15, 2022 | Uncategorized | 0 comments

Everybody wants financial prosperity but only a few have it! Have you ever wondered why? It’s not that there aren’t enough opportunities out there, rest assured, there are plenty around for the lot. However, seizing the right one is just as much about emotional resilience as it is about good decision making.

 

Managing money, although easy in theory, can become very overwhelming for a lot of people and that’s where behavioral money coaching comes in. It combines the financial side of things with human psychology to help people reach their goals without unknowingly sabotaging the process.

 

Whether you’re an investor, entrepreneur or someone who works hard at their job, behavioral money coaching can help you build financial integrity. This concept entails a detailed understanding of not just selecting the right financial plans but seeing them to success. Contrary to popular belief, a person’s general life situation, past trauma and upbringing have a monumental impact on their finances down the line.

 

Right off the bat, adults who grow up watching their parents make terrible financial mistakes are sometimes more inclined to continue the cycle. Of course, they don’t want to, but because it’s all they know, falling into the same patterns is easier than expected. From seemingly little things like allowance, watching your caretakers/guardians argue about money to being exposed to budgeting at a young age – everything matters.

 

However, this is just one part of the bigger picture. Money issues tend to arise when people fail to understand or are unwillingly to do what it takes. Oftentimes, emotions get in the way, making it difficult to follow the right steps to achieving their goals – constantly getting late to meetings with investors, pushing back bank visits and giving preference to other plans instead.

 

But this doesn’t mean it always has to be that way. With behavioral money coaching, you learn innovative ways to regulate yourself in light of different financial contexts. Through an in depth and diagnostically driven process that is going to map out your emotions, patterns, and behaviors in a clear and visible way – all of which is part of your operating system. In that, coaching sheds brighter light on detecting possible triggers that might be swerving you away from a great financial plan. Not just that but it also helps you rectify the wrongs you’re prone to make through broadening your perspective and showing you why it’s important to do one thing and not the other.

 

I know you’re tired of giving into the same mistakes over and over again. Or perhaps you don’t even understand where things go wrong. Regardless, having a certified money coach in your corner can significantly change your life for the better. Working with me will be a two-way process built on a foundation of thorough understanding. The sessions will feature open communication, allowing me to understand common patterns in your financial trajectory. In other words, detecting these behaviors provides the starting point for personal rectification and reformation. In the same vein, you can also talk about any money related issues within your relationship, your partner’s finances, mutually signed investments and more.

 

We will collaborate on bespoke strategies to help you overcome possible fears and pullbacks that you might be experiencing. Needless to say, behavioral money coaching is all about offering sincere support to the client and changing their perspective on things.

 

For many people, a damaging mental block stops them from chasing after the right opportunities. Whether rooted in trauma due to experiences of the past or fear of failure, your beliefs hold significant importance. If they’re limiting in scope and prevent you from taking the right risks, I will strive to undo the psychological struggle needlessly stopping you from realizing your potential.

 

Behavioral money management: Your one-way ticket to becoming a money magician

 

Among the many different money types is the magician and everybody wants to be one. After all, who doesn’t like all the prosperity enjoyed by the people in this category. Financial success is flashy, and while onlookers envy the outcome, they often forget the long journey of each magician that led them to where they are today.

 

Magicians are those who have control over their life’s mantra! In that, they don’t let opportunities pass them by, take action, when necessary, regulate their emotions and adapt to evolving financial realities. Safe to say, anyone can become a magician so long as they’re willing to do what’s necessary.

 

With behavioral money coaching, you are made more self-aware of what brings you down as well as the opposite. As the external environment around you continues to change, you must let to go of hard-wired redundancies and deploy rewarding strategies.

 

Awaken the warrior within you!

Everybody wants to be at the place they’ve always dreamed about, financially! However, you can’t get the magic without putting in the grunt work. Needless to say, money requires effort, it won’t simply flow to you! If you feel misaligned and need redirection, I can help you with the difficulties you’re facing.

 

One of the most common archetypes I work with is the warrior. These people are successful entrepreneurs who diligently exert themselves toward their financial goals. They are also tactful investors, the kind of people who enjoy being in control and follow their instinct. Even though they seek out advise and factor in another person’s subjectivity, the final decision is theirs, based on what they think is right!

 

If you can relate to this archetype, then, that just means you need a little push and further enlightenment to consider your options. In that case, I can be the person you need to provide viable recommendations so you can choose what truly feels most pragmatic to you.

 

Why it’s important to understand neuroscience’s role in your financial success

 

The behavioral money coaching model stresses the importance of human psychology throughout its intricacies. Verily, it isn’t just ideal but necessary for you to understand its role in the financial choices you make. I help you see beyond the shadows so you’re able to resonate with yourself on a deeper level and channel the magician within. Through back-to-back discussion, you become more aware of your current money archetype and begin navigating viable ways to shift the paradigm altogether. This is particularly useful for people who are used to doing everything by themselves, giving too much in a one sided relationship and taking on another’s burdens as well. While self dependance is certainly great, such a mindset can be extremely limiting in terms of financial decision making.

 

 

This is where the money core process comes in. Spanning over the course of four sessions, you shed old – damaging – financial habits to adopt better ones based on measurable results.

 

Every client is unique which is why there are never any one size fits all strategies at play. The sessions are holistically designed to complement your strengths and tone down your weaknesses. Simply put, I focus on exercises that relieve you of burdens of the past and refine traits needed for a successful financial life.

 

The CORE Process

 

Life is riddled by hefty challenges, some with the power to bring most to their knees. There’s resistance at every step of the way, and giving up is obviously much easier. However, a clear head and an unwavering urge to overcome all roadblocks head-on is exactly what you get from these behavioral money management sessions.

 

If you’re still wondering how I transform your financial journey, the answer lies in the core process! This involves a significant focus on your money biography, which serves as the starting point. The goal is to understand your financial history and detect patterns that might be leading to similar results. Moreover, I conduct thorough mother/father mirroring exercises to gauge just how much of your financial habits are influenced by past parental behaviors.

 

Once I gather all the information I need, we move on to creating your money map and game plan! This is where we step into action. Rest assured, every aspect of the two is underlined by the uniqueness of your diverse situation and personality. I help you draw a roadmap with stepping stones leading to higher financial achievements. In turn, following the recommendations boosts your life skills and refines future planning. You’re better able to budget, manage cashflow, as well as save and spend practically.