Strict Standards: Declaration of Walker_Page::start_lvl() should be compatible with Walker::start_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Page::end_lvl() should be compatible with Walker::end_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Page::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Page::end_el() should be compatible with Walker::end_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_PageDropdown::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::start_lvl() should be compatible with Walker::start_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::end_lvl() should be compatible with Walker::end_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::end_el() should be compatible with Walker::end_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_CategoryDropdown::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 58

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 58

Warning: Cannot modify header information - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 70

Warning: Cannot modify header information - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 80

Warning: Cannot modify header information - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 81
Be a Freelance Money Coach | Freelance Sprout | Find, Start, and Grow Your Dream Freelance Business
Read the six part series on creating a freelance business plan
 

Be a Freelance Money Coach

Date March 6, 2008


Strict Standards: Only variables should be assigned by reference in /home/jjensen3/public_html/freelancesprout/wp-includes/post.php on line 117

Strict Standards: Only variables should be assigned by reference in /home/jjensen3/public_html/freelancesprout/wp-includes/post.php on line 117

Strict Standards: Only variables should be assigned by reference in /home/jjensen3/public_html/freelancesprout/wp-includes/post.php on line 117

A money coach is an offshoot of financial planning. Whereas a financial planner will actually look at a person’s finances and “crunch” numbers, a money coach helps clients overcome limiting financial beliefs and behaviors.

A money coach can come from many backgrounds—accounting, counseling, psychotherapy, and even bookkeeping.

There are many avenues to get started as a money coach, many of which parallel the financial planning career field. One way to establish credibility is to get certified. The Certified Financial Planner (CFP) is the most prestigious certification you can attain.

The CFP is granted by a Certified Financial Planning board after you pass a series of exams and get the required experience. The not so good part about this certification is that it requires a bachelor’s degree. It also takes time to schedule in the required courses.

There’s also training and certification available for money coaches available from the Money Coaching Institute. It’s founder, Deborah Price, has written the de-facto book on money therapy called Money Magic.

You can specialize as a money coach but you’ll need to be careful that you aren’t actually offering financial or investment advice. These types of services are regulated by the federal and state governments.

A few specialities include:

- Investment coaching

- Budgeting

- Family planning (having children will impact a family’s finances)

- Dual career planning (helping career couples come together)

- Debt management and restructuring

What to Charge

How you charge for your coaching varies on your location and experience. You can charge a flat fee for a certain number of coaching sessions or get setup on a retainer program for a fixed number of hours each month as needed.

You can also charge by the hour. Since this is very similar to counseling/psychology, you should be able to charge $75+ per hour. But, hourly fees can scare people off. I recommend charging a base fee for a guaranteed number of coaching hours while giving discounts to clients who buy more hours in advance.

As a freelance money coach, you’ll most likely market in your immediate area when you first start your practice. But, you don’t have to limit your market.

With advances in Internet communications technology (Skype), you can counsel anyone from anywhere. And since being a money coach isn’t state regulated, marketing nationwide is a great possibility and opportunity.

Links for Certifications

American College

Association for Financial Counseling and Planning Eduation

Certified Financial Planner Board of Standards

Like it? Share it!

  • Technorati
  • del.icio.us
  • blogmarks
  • Furl
  • Ma.gnolia
  • StumbleUpon
  • Digg

Related posts:

  1. Freelance Idea Roundup Monday - Local Freelancing Opportunities
  2. Be a Freelance Reunion Planner and Organizer
  3. Top 5 Industries Where You can Start a Freelance Business

Leave a Reply

You must be logged in to post a comment.