A transformational wealth coach is someone who helps individuals understand and reframe their relationship with finances and money. Wealth coaches look at the value people place on money and the impact it has on people’s lives. For example, they might sit a family down and navigate finances, offer legacy planning, help with money communication, etc.
Transformational wealth coaches take things a step further. They refer to a client’s past south korea phone number list money relationship to determine its effects on their present financial behavior. For example, if someone didn’t have money in the past, they might like to spend it as soon as they get it in the present. Meanwhile, someone who grew up with money and family planning might save more.
How to Become A Transformational Wealth Coach
Consider the impact both financial certifications and psychology courses have in transformational wealth coaching. Education can help you equip clients with the information they need to succeed. However, psychology and emotional learning workshops can help you reframe your client’s thoughts about money.
Encourage clients to think about their values and what matters to them most. This type of deeper level thinking often helps individuals reprioritize and feel more prosperous. That’s because you can have wealth in things that aren’t money. The goal is to encourage your clients to let go of beliefs that are no longer serving them so they can live happier and more fulfilled lives.