Five Qualities to Succeed As a Finacial Coach


How do you know if it's right for you to become a financial coach? What does it take for you to succeed in the field?

The five qualities needed to succeed in financial coaching:

1. Emotional intelligence

This is probably the essential trait. As a financial coach, you are entering people's lives, getting introduced to the intimacy of their financial lives. As an objective party that enters into individuals and families, the financial coaching the capacity to stay calm in emotional states. You needed to maneuver stressful situations. For example, joining your client for a meeting in front of the bank representative, or disagreement between the parties regarding an expense. Even when the economic situation brings up negative emotions, if you are the type who always looks to moderate and stays calm in a heated environment, money coaching can be a perfect profession.


2. Curiosity

The field of personal finance is broad and ever-evolving. Personal finance covers mortgages, pensions, Social Security, taxes, and more, and all those things are constantly changing. To stay at the forefront of financial coaching, a financial coach has to learn something new every week. Becoming a certified financial coach can be a great way to keep learning. If you like to stay updated on the most recent in financial coaching, you will undoubtedly succeed in the field.

3. Humanitarian

If seeing other people succeed makes you happy, financial coaching is the right place. There is a great reward in seeing individuals and families create a financial plan and complete the milestones to reach financial stability.

4. Computer literate

Yes, financial coaches work with people, but the process of financial coaching also includes computers. For example, to run financial simulations with a spreadsheet. Another helpful tool includes video conferencing (Read our review).

5. hustle

Business success is never a guarantee. It holds for financial coaching as well. You will need to invest in financial coaching certifications and education and put the time to market your services online and in person. You will have to hustle and put yourself out there to connect with individuals and families looking to improve their financial situation.


Remember, people don't want a drill. They want a hole in the wall. People hire a financial coach to solve a pain point. Focus on how you help your clients.


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