How does my financial coaching process work?
To ensure that we are a good match, I always begin with a complimentary exploration call. This 20-minute call serves as an opportunity for us to become more acquainted. It also allows me to verify if I can take you on as a client and serve your needs. During this call, you will share your goals with me, and I will ask questions to gain a better understanding of your wants and needs. If we both determine that we are a good fit to work together, we then schedule a Foundation Session.
The Foundation Session is precisely what it sounds like; it lays the groundwork for organizing your finances. The cost for this in-depth, two-hour virtual session is $199. Before the session, I will provide you with some preparatory work, including a questionnaire and a financial worksheet. You will fill these out to the best of your ability, estimates are fine! Once completed, you will need to return the prep work to me at least 3 days before our scheduled session. I will be available to address any questions that may arise while you are completing the prep work. Upon receiving the completed prep work, I will analyze the data you have provided, gaining a better understanding of your current financial situation. Based on your goals and values, I will then develop recommendations to discuss with you during our Foundation Session. Receiving the prep work in advance of the Foundation Session helps us to make the most of our time together.
After I have analyzed your prep work, my main objective now is to effectively communicate this information to you during our upcoming Foundation Session. My goal is to paint a clear picture of your current financial situation. I will create a three-month plan ahead budget to present to you at our session. Every client is unique, with different goals, values, and financial circumstances. Understanding this, I tailor personalized plans to suit each individual. I will create a flow chart that we will follow during our session with my findings.
It's time for us to have our Foundation Session. During this meeting, we will deepen our understanding of each other. It's crucial to me that we both feel at ease. I acknowledge that personal finances can be challenging to discuss and can evoke strong emotions, which is why all my coaching sessions provide a non-judgmental environment. We will analyze and simplify the data gathered from the preparation work, covering different areas such as income, recurring expenses, day-to-day spending, and unexpected financial obligations. Additionally, we will evaluate your savings and debts. I aim to provide a clear overview of your current financial situation and explore how to allocate your income to align with your goals and aspirations. Together, we will create a pathway from your current financial situation to where you envision yourself in the future.
After examining your current financial situation, I will provide personalized recommendations based on your specific objectives. You will then have the opportunity to express which recommendations appeal to you and which do not. If you have additional suggestions, we will take those into account as well. It's important to note that this is your individualized plan, so your preferences take precedence! Together, we will develop an action plan tailored to your needs. This plan will be crafted based on the recommendations you choose, ensuring it aligns with your best interests. We will document this action plan and discuss the necessary steps, including how and when they should be carried out. By properly implementing this action plan, you can reach your financial goals.
Once we've finalized the action plan, we'll discuss the three-month budget I've prepared and tailor it to the action plan we have created. 'll ensure your confidence in using the budget before addressing any questions. We then discuss additional support, motivation, and accountability, by exploring more coaching options. I offer both three-month and 6-month programs with tailored meeting frequencies to carry out the action plan together and make adjustments if needed. I'll be available to provide support and answer questions throughout these programs.
