A lot of life coaches and personal development experts talk about financial success, but few talk about the images of financial success that are programmed into our society, and how these might affect our approach to financial planning. In fact, almost every single life coach has their own definition of what financial success means to them.
Images of Financial Success: What is Common?
Images of financial success vary from person to person. For some, financial success means having enough income to pay their monthly bills and debts. It might mean being able to live in a safe, comfortable home. For others, financial success could be defined by having sufficient money for retirement or college savings for their children.
However, one thing is certain: Regardless of what you define as images of financial success, it won’t happen if you don’t know how to manage your finances. To achieve goals such as buying a home, paying off student loans, or saving up for retirement, you must learn how to spend within your means, save and invest effectively, and understand personal finance.
Financial Success is More Than Just About Money
Money is great but when you’re striving for financial success, it’s important to realize that money isn’t everything. Earning more income doesn’t automatically make us happier or give us some sort of golden key that opens our happiness vault – but we often treat it like it does.
When most people talk about their career goals and ways they can set themselves up financially for retirement, they typically think in terms of:
- How much will I earn?
- How much can I save?
- What do my numbers look like today?
These are all valid questions to ask and worth examining because once you get your financial house in order, pursuing other areas of personal improvement becomes easier.
Many successful entrepreneurs advise finding purpose and meaning through your business, something which has become popularly known as doing what you love and loving what you do. The theory behind it is simple: If you don’t enjoy your work or if you don’t believe in its purpose, then why pursue it?
Tips to Achieve Success as a Life Coach
Rather than trying to reach some monetary level and then saying you’ve made it, why not take your life coaching skills to the next level to become so respected that you can make big money without compromising on quality. In other words, once clients see how good you are at what you do, they will pay for your services more easily. Here is a list of other things that can help make you a financial success in 2022 and beyond:
- Budgeting your money
- Manage your time
- Being in tune with your overall happiness
- Aligning yourself with people who support you financially and morally
- Having an impact on your community
People’s image of financial success varies greatly from person to person. However, there are a few similar trends among coaches with successful finances, and if you’re looking for ways to create wealth in your life, these ideas might be right up your alley.
As a life coach, it’s hard not to compare your financial standing with other people and their bank accounts. That can become an unhealthy obsession that leads you down a path of constant worrying about bills and debts. In truth, there are plenty of successful coaches who live below their means and make more than enough money.
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Jeannie Cotter
Editor/Writer
Writer, Coaches Training Blog community
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