Financial Coaching: What to Expect Working with Me

Financial Coaching Onboarding

My financial coaching program is a 6-month program for young professionals who have an estranged relationship with money. As such, this program requires much more face to face time than our Investment Advice and Management program. Caution: this program is designed for real change, not maximum convenience. 

Financial Coaching Step 1) Pre-Program Assessment and Qualification.

The first step to entering this program is to take our Pre-Program Assessment. This assessment gives us a baseline to measure your progress and ensure you’re a good fit for financial coaching. After you’ve completed the assessment, we will have a meeting to discuss your results. 

During this discussion, I will introduce you to our methods for financial coaching. There is no obligation on your part at this stage; our most important goal is to set your expectations and to let you decide if this program is for you.

Financial Coaching Step 2) Net worth, credit check, spend tracking

During our next meeting, we will calculate your net worth and glance at your credit score for a baseline reading. I will then introduce you to the uVest Advisory spend tracker. The spend tracker is unique to this financial coaching program and very valuable. The spend tracker is a tool for self-discovery. It will shine a light on the connection between your mental and emotional state and your transactions.

Future meetings will be guided by the information captured from the spend tracker. We will have conversations about any potential links between your mental and emotional state and our financial transactions. With this valuable insight in hand, we are ready to discover your values, craft a vision, and set goals.

Financial Coaching Step 3) Value Development and Visioning

During my years as a financial planner, I have struggled to get clients to vividly articulate their goals. After turning the spotlight on myself, quizzing myself about my goals, I realized our goals don’t live in a vacuum. And they apparently don’t reside in the verbal areas of our brain just waiting to jump out of our mouths.

Instead, the brain benefits from a framework it can use to bring forth those values and goals that lay in the unspoken recesses of our minds. The best way to do this is through a series of guided writing exercises. Putting pen to paper (or fingers to keyboard) forces you to dig down through all the unexpressed memories and emotions that make up your world and explicitly identify those values and goals that are unique to you.

These writing exercises will give you the context your brain craves to explicitly envision how you want to live your life and what the good life means to you. Trust me, when I did this exercise for myself, the things I put to paper never existed as coherent, spoken thoughts beforehand. Sure there were recognizable fragments from fleeting day dreams, but nothing as vivid as what I now have. 

Financial Coaching Step 4) Setting SMART Goals

Now that we’ve done the work to shine a light on the link between your mental and emotional world and your finances, and we’ve discovered what values are important to you and the vision you have for your life, we’re ready to set goals to make it happen.

SMART Goals are Specific, Measurable, Attainable, Relevant, and Timely. Now that you’ve done the self-learning necessary with our guided writing exercises and spend tracker, you will have an excellent framework for creating awesome goals; goals you will actually want to achieve. I will be right there with you to help you craft your goals and I will hold you accountable to those goals.

Financial Coaching Step 5) Realizing your Ideal Future

You’ve explored the emotional link to your finances, you’ve done the self-discovery work, and you’ve drafted SMART goals. Now it’s time to do it! During this stage of the program, I will be available to help you stay accountable to the goals you’ve set for yourself. We will continue to meet every other week to discuss your victories and your losses. 

We will also use this time to educate you in any areas of finance that you need help with to ensure that by the time you have finished my financial coaching program, you won’t need a financial planner or advisor to stay on top of your finances.

Conclusion: Is my financial coaching program right for you?

If you are a goal oriented Millennial with positive cash flow but lack the skills necessary to thrive financially, my program is a good fit for you. You can always take the Pre-Program Assessment to find out. 

But if you are expecting a shot-cut solution to building good financial habits, this program is not for you. I’m sure there are plenty affordable or free programs available promising you financial freedom but the reality is you must put in the work necessary for this program to be successful for you. That’s what I am here for, to celebrate your successes, nudge you when you fall off the wagon, and guide you on your journey to financial success.

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