How To Start Your Financial Coaching Career


Are you a bit of a pro when it comes to keeping your finances in check? Do you feel you can help other people with their finances and instruct them for a better and more abundant lifestyle? If the answer to these questions is yes, then perhaps financial coaching is your calling.

Financial coaching is not all a matter of numbers, as many people think it is. Before starting, remember you need many different skills to be an excellent financial coach, including spreadsheets, communication, and an eye for detail. Here, we will explore how you can become a certified money coach and even discuss whether starting your own business can be an option.


Are you ready to start from Square One?

Many people who go into financial coaching must start from scratch and advance to the top. Of course, before you can start doing this, you need to work on getting a bachelor's degree or equivalent, depending on what clients you plan to serve. To get to where you want to be, you may even have to start as an unpaid intern to another financial coach.


To create a resume that stands out, you may want to specialize in something in the style of student debt, qualifying for a mortgage, retirement planning, or money and relationships.

Get some work experience

Getting some work experience in an internship or something similar will help give you a sense of the financial coaching industry. You may even be able to secure a job at the bank entry-level financial coach. By gathering as much information as possible, you will get an accurate idea of ​​the various financial coaching career paths you can take. If you want to work for a company, the internship will provide a good idea of ​​which company you want to work for. Gain experience and strive to learn as much as possible.


Look for a suitable financial coaching training program

Today you can learn to become a financial coach online or onsite. We wrote about the different available options (read more).


Once you have completed your financial coaching training program, you should be ready. Once you are prepared to work with clients, you will need to find a job or consider setting up your own practice.

Set up your own financial coaching business

If you think you want to set up your own financial coaching company, you have several things to consider first. You will have opening costs, including rent, furniture, bills, advertising, technology, etc. How will you secure this funding? You need to make sure you can get your hands on the money and have money in reserve in case you need it.


Creating a business plan is also recommended if you decide to go on the independent route. Describe your goals and current financial coaching financial markets, flexible marketing plan, business model, and services offered. A description of everything you can think of will help you develop a well-rounded plan that can significantly help you get funding from a bank or friends and family. Not only that, your financial coaching business plan will help keep you focused further down the line.


Some people prefer to work in a financial coaching business or something similar once they are fit, helping them gain even more experience and work on making solid connections and relationships to move to independent practice in the future. If you are entirely new to the financial coaching industry and dream of your own business, this may be a better option for you in the first place. It will take longer, but it can help you experience more success down the road.


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