Financial life Planning…How Do You Integrate Life Planning and Financial Planning?
November 22, 2016Do you know about financial life planning? Integrating a life coach into a comprehensive financial plan can transform your retirement planning experience. Once you are financially and emotionally prepared, making the decision to retire is empowering. The end result is something we all aspire to…a more fulfilling and enjoyable life. Financial life planning is a… Read more »
What Does the Financial Life Planning Process Look Like?
November 18, 2016You should create your life plan before you create your financial plan. Where life plans are created to help clients achieve their dreams, financial plans are developed to help clients achieve their life plans. One approach to integrating financial planning and life planning might follow this 4-step process: Purpose—Clarify where you want to go Vision—Paint… Read more »
Why Integrate Life Coaching and Financial Planning?
November 16, 2016Integrate Life Coaching Into Retirement Planning While financial planning and life coaching have traditionally been independent of each other, integrating the two can be extremely beneficial. It is time to integrate life coaching into your financial planning. By working through your plan more comprehensively, you will feel more comfortable and confident in making the transition…. Read more »
What is the Difference Between Financial Advice and Financial Coaching?
September 15, 2016Most professionals that work on your financial and legal affairs are providing you with advice. The Webster Dictionary defines advice as: “recommendation regarding a decision or course of conduct.” In this arrangement, most of the time you have already determined the problem or issues to which you would like a solution and you are coming… Read more »
What is the Role of an Insurance Specialist?
September 05, 2016Get to Know Your Insurance Specialist Many advisors use life and long term care insurance as tools in an estate plan. Life insurance may be used for income replacement at the death or disability of a breadwinner, as a way to create an inheritance, to replace assets that are given to charity, or to pay… Read more »
The Team Approach to Planning
August 26, 2016When it comes to estate and financial planning, the team approach works best. Nothing is more frustrating than getting contradictory advice from your attorney, financial advisor, insurance advisor, or CPA. Who are you to believe? The authors know that the best results are achieved when all the professionals are working together to craft and implement… Read more »
What are Some Common Approaches of Coaching to Financial Planning?
August 16, 2016Learn the Common Approaches of Coaching to Financial Planning The following are a few of the potential coaching applications that can be addressed in a financial planning setting: Money vs. Meaning The trade-off between money and meaning is one that has been going on for centuries. A few issues include: If you don’t have money,… Read more »
What is Life Coaching?
April 22, 2016Coaching started in an organizational environment as a way of helping people advance in their careers. Business leaders saw the benefit of drawing out a person’s gifts and strengths to be used to advance the needs and goals of the business. Coaching has evolved over time, and is now used outside the business setting as… Read more »
How Can I Find A Qualified Financial Planner?
April 20, 2016Finding a Financial Planner Qualified to Handle Your Estate The birth of the financial planning industry started with salesmen of financial products including specific investments, life insurance, and annuities. Sales professionals performed some planning on behalf of their customers in order to determine their needs and select suitable products. This planning was usually performed at… Read more »
How Does Your Level of Wealth Impact Your Planning?
April 18, 2016The greater your level of wealth, the less concern you have about meeting basic needs such as food and shelter, and the more freedom you have to pursue personal growth, achievement, and a personal legacy. Abraham Maslow developed a hierarchy of human needs that provides a corollary to a person’s financial planning needs (see chart… Read more »