What is financial coaching?
Simply put, financial coaching is an extra (neutral) set of eyes and ears when it comes to your money. Each client situation is unique and at CIOC our coaches are trained to meet you where you are. We offer education, tools, accountability, and real-life practical application to help ensure you are making more results-driven decisions with your money, no matter your financial situation.
How is a coach different from a financial advisor?
A trusted financial advisor in an important piece of your financial puzzle. Advisors are licensed (or certified?) to sell, manage, and make commissions from certain financial products such as (but not limited to) life insurance, mutual funds, stocks, & bonds. They can also help you set up retirement accounts and educate you on the market. Coaches, on the other hand, are not selling you financial products. (Nor do we accept referral bonuses or any other type of payment from advisors, so you can rest assured that we have your best interest at heart.) Instead, we empower you with information and tools so that you can create a pattern of strong well-thoughtout choices that will result in you having extra money to invest with. You might say a financial coach is your “prep-work” for working with an advisor.
A typical CIOC client “looks” frustrated when they first reach out. Some are frustrated that they can’t pay their monthly bills; others that they live paycheck to paycheck but just can’t seem to save any money; and still others who are frustrated that they finally have made some great financial strides (oftentimes on their own) and they just can’t seem to overcome their personal plateau. You see, there is no typical client. Each individual or couple comes in with their own unique background, circumstances, & goals. So what do they all have in common? The frustration of feeling stuck & the belief that a coach can help.
-You regularly find yourself wondering where your money went
-You have recently experienced (or are about to) a major life change such as marriage, divorce, the birth of a baby, an adoption, a layoff or job change, etc.
-You have a pretty strong understanding of what you “should do” but would like increased accountability
-You could really use a “mediator” when talking to your significant other about money goals, habits, & fears.
-You are committed to going from “good to great” when it comes to your financial reality
-You want help creating a plan to achieve a bigger goal- a wedding, vacation, new home, new vehicle, retirement, college tuition, etc.
I can find so much free information on my own. Why would I want to pay for a coach?
You have the ability to create incredible change in your financial world. And while self-learning will prove to be an integral part of your journey, it oftentimes leaves you “spinning your wheels” and struggling to turn your new knowledge into action. As your coach, my job is to help you identify blindspots, inefficient behaviors, and self-defeating thoughts & beliefs that are keeping you from achieving your financial goals. A coach also provides consistent accountability and a safe haven for expressing your fears, frustrations, and shortfalls. These benefits are sure to help you reach your desired outcomes much faster than if you go it alone, which leaves you with more time to enjoy the fruits of your labor.
I’m struggling to make ends meet. How could I possibly afford coaching?
Oftentimes after struggling for weeks, even months, with this question, most people (who are strongly motivated for change) come to the conclusion: “How can I afford NOT to get some coaching?” You see, more times than not my clients do not suffer from “an income problem.” Rather, the root of their frustration lies in “an outgo problem.” In other words, they make enough money to live comfortably, but their spending is not being done in an intentional manner. If that sounds like you, I challenge you to consider what could be, IF…
-What if you gained a better understanding of how money works & what “they” don’t want you to know?
-What if you made a few small but intentional changes that resulted in a BIG improvement?
-What if you no longer felt stressed out, broke, and without a plan? The truth is, most clients are able to achieve one or more of these within the first few sessions! And the ones who really “show up” and are “faithful to the process” end up saving far more than they spend on coaching services, usually within their first year. (Yes, even those who enroll in the platinum programming.)
Remember this: Coaching may be temporary, but the return on your efforts is ongoing. There will never be a “perfect” time to start, and fear of “not having it all together” can stop us dead in our tracks. Don’t let fear be the thing that stops you today. You don’t have to get it right, you just have to get started.
What are your policies on scheduling, payment, and termination of services? All appointments (in person, via web conference, or by phone) will be scheduled during normal business hours unless otherwise agreed upon by all parties involved (client(s) and coach). If the client is late to scheduled appointment, coaching will still be offered through the end of the session time, however, no refund will be offered for time missed.
All services must be paid for in advance. Cancellations up to 5 days prior to scheduled appointment will be eligible for a partial refund. For higher-end programs (where regular payments are scheduled) late payment fees may be assessed. CIOC accepts all forms of payment. There will be a $25 returned check fee for each check returned unpaid. After 2 returned checks, CIOC will no longer accept your check as payment.
Failure to adhere to the policies set forth by CIOC may result in termination of services. Should the need arise to terminate services, the following will apply:
-clients will no longer be eligible for full or partial refunds
-CIOC will have the right to deny services to said client’s spouse/SO and other close family members
-clients will be removed from any public forum such as Facebook groups
-reinstatement of services will not be allowed sooner than 6 months following the incident(s) that resulted in termination.