Putting Money in Coaches’ Pockets | Part 1

Key #1: Understand FULLY that you can’t give away what you don’t have.

If you want to be generous, you must be wealthy. If you want to be attractive, you must have plenty. If you want to change lives, you must have reserve.

If you want to be a coach, you must be coachable.

In other words, stop being wishy washy about money. Make sure you are sure, in no uncertain terms, that you want to be a financially well-off actively practicing coach.

Sign up to receive the full five lessons of this ecourse at http://www.moneyforcoaches.com/

Comments

99 Responses to “Putting Money in Coaches’ Pockets | Part 1”
  1. chris says:

    Andrea,

    So, money being of no object or concern or even an excuse-then to just live fully without an outcome. chase the dreams and enjoy the entire journey.

    With coaching being part of that picture, then to fully enjoy and be present for coaching. yes, its true that some are doing it for the love of helping/assisting others find themselves. Teachers are lumped into that label as well.

    On some tv program an actor was stating he/she was having so much fun and was truly doing what they wanted, acting, that they found it so funny that they were being paid to do it.

    And, why not the same in coaching. We each have chosen this field and seem to be enjoying it fully, so why not get paid for doing what you enjoy.

  2. This is so timely for me right now. I do not have any problem charging what I feel I am worth as a coach, but how do you get others to realize the benefits and pay? Money right now is a HUGE struggle for me. I mean HUGE!!!! I am broke, I am not sure how I am going to pay my rent, and my credit cards are maxed out. I am going to have to stop working on my coaching business – which I love working on – and get a regular job so that I can eat, pay the rent, and catch up on bills. So, my commitment is to not let depression of all this overwhelm me, buckle under and get a job, and after paying off all my bills, once again focus on my business. In between, I can put on weekend classes and keep promoting. My magically thinking world (what I would do if money were not an issue) wants to just do my business as a coach – but my reality world says now is not the time to do that. It is sad for me – very sad.

  3. Lindel says:

    I want to be a very financially successful coach for many reasons, but particularly, to be in a postion for my husband and I to see all of our dreams come to fruition with much money left over to share with our children and their families. I also want to be in a position to be a “giver” to the many children in the world that need our support!
    To think that I can accomplish this while helping others live their dreams is such an empowering blessing.

  4. If money were no issue:
    1) I’d flit, never working on one project for too long and helping as many people as I could along the way.
    2) I’d start a women’s center. I already have the outline and have been pursuing an advisory board.
    3) I’d spend lots of time creating art projects and supporting artists.
    4) I’d create fantastic local events – dinner parties, home concerts, art shows, etc. bringing together diversified groups of people for the purpose of making the local world a better place.
    5) I’d start and support schools for gifted children.

    I guess I’ve always been a strong philathopist, but have never had the money to back it up. I’d do all these things and more, but I’d never “work” a day in my life.

  5. Leroy Grey says:

    I believe there is a time for money to be an issue and a time for it to not be an issue. I cherish both.

    The most important spiritual discoveries of my life came out of my poverty. I do not desire poverty, but if it comes I embrace it. I have gone from homelessness to owning my own ISP (Internet Services Provider) business, successfully running it for 7 years before selling it and writing my book, $ecret$ – 12 Principles of Prosperity for Spiritual Entrepreneurs.

    I once read of a Vietnamese man who was a millionaire four times in his life… and three of those times, through no fault of his own, his country of refuge was taken over and he became a penniless refugee again. His last place of refuge was the United States. He had a cousin who owned a bakery and he and his wife lived in the back room on a straw filled mattress for two years, washing in the mall bathroom, even foregoing a car in order to save every penny. In two years he bought out his cousin and is now, you guessed it, a millionaire again. Hard work and suffering through a period of painful self-discipline is sometimes the only way to wealth. We in America are for the most part narcissistic and lazy!

    I do not believe or teach the foolish notion that all you have to do is think positive thoughts and imagine wealth and those thoughts alone will bring you wealth. That is only one part of the equation which works for some people. There are government policies and enemy invasions and competitors and weather, all beyond your control; there is the vital importance of preparation for the tasks/goals you have chosen; and there is another law beside the law of attraction which especially works against the impoverished, a law that Jesus taught along with the law of attraction, but which no one is teaching today.

    There are many, many who are now saying that the Law of Attraction didn’t work for them; you can find their posts all over the Internet. While those in the LOA movement will say these people didn’t visualize or focus their attention well enough or that they didn’t have enough faith, I would tell them about this “other” law and a lightbulb would go off in their head! For those who are deep in debt, who have few friends, who lack education and who have few outside resources to network with are a special case requiring an understanding of poverty and the law that governs it.

    With the pending launch of our membership site, money will no longer be an issue. We will use most of that money to help others, by building 3Circles Church Communities. These will be sustainable, intentionally planned, faith-based, green communities that offer a safe haven for raising one’s family outside this failed system but still maintaining interaction with those outside our communities via commerce, education and volunteer work. I have no desire for ostentatious mansions, $100,000 cars or to be the sole arbiter of every decision just because I am the founder.

  6. Andre Duquemin says:

    I am evolving! Moving from the ever spiralling “borrow yourself out of debt” response to living your ideal life (a place that i spent 20 years i would guess), paying off debt and replacing it with more, now i find myself in the land of “not taking on any more debt”. Here is a place where i just make enough each month to pay my mortgage, support my family, enjoy occassional holidays etc etc. Two things are here, firstly no more new debt (though a substantial amount still being paid back), and secondly the ever present threat of not earning enough to match the outgoing payments. This is progress, but hey, i’m ready for the next step – no debt at all, and breezing through each months paymetns, and even starting a substantial savings plan. Am i ready…. hell yes. Simple.
    As Andrea says – “i want to be a financially wealthy coach”.
    If money were no object, i’d take time for my own development without feeling guilty! I would work on my most creative masterpieces, make music, meditate and spend time with family and friends. Simplicity itself. Probably a shole host of other things too, but thats enough to make me feel very very content with life.
    Enjoy!
    Andre

  7. Sherry R. says:

    If money were no object I’d live alone, with a dog for company, in a comfortable yurt on a 1/2 acre of garden where I’d spend my days writing novels and plays and all my heroes would be women empowering other women. Disabilities make it difficult to get beyond the $ issues. Or maybe I just need a new paradigm.

  8. Mary Jo Campisi says:

    I have struggled with anxiety over money vs. trust in the abundance of the Universe for the last several years. Today’s post was a direct hit for me! If I had no issues with money, my dream would be to sell my condo at a loss, move to a place of sunshine and blue water, write, travel, and consult to help other people live the lives that they love. I must confess that I wonder within my deepest soul: if I were prosperous and could live the life I love, would I latch onto a new anxiety?

  9. Elizabeth D says:

    Without money as a deterrent, I would spend money on getting the best coach, the best tutors, the best teachers, and the best technical support for myself and my coaching business. In other words, I’d put together my own personal curriculum and hire the best in all fields to work with me both while putting my business together and as support while creating and expanding my coaching practice.

  10. Paula E says:

    If money were no object, I would travel the world, touching lives in a positive way, learning, teaching, communicating love, peace and prosperity. I would be totally debt-free, with all loans we have made being forgiven. I would have an energy-efficient green home overlooking an awe-inspiring view with water features inside an out. My art studio would be spacious, well organized and full of my creations, past and present as well as art created by others. I would immerse myself in a life of abundant beauty, joy and wealth to share with the most important people in my life. I would use Oprah and Marianne Williamson as my role models in encouraging everyone to be the personification of their best self because I am that which I seek to sow. AND that book I’ve been playing at writing would be a published reality.

  11. If money were no object, I’d be doing exactly what I’m doing now (coaching, writing, speaking and facilitating groups and workshops) PLUS I’d be doing more retreats incorporating EFL (equine facilitated learning) AND I’d be doing it from Hawai’i.

  12. Renzie says:

    Some of the lessons here are the same beliefs found in the readings of Abraham-Hester Hicks and Napolean’s Think and Grow Rich. We limit our prosperity by our thoughts and actions. I’ve learn to clearly ask the universe for what I want, claim it and be as if it is so, and focus my actions on my intentions.

  13. leona says:

    If money were no object I would take some time to reconnect with myself; allowing my current patterns to relinquish their hold – while retaining their lessons and life-serving energy and I would go on a big adventure, travelling the world, so that I could get an experiential and visceral global perspective. Then who knows? My intuition tells me that my soul needs to be able to contribute and in a way that empowers people – I imagine teaching Focusing and NVC will still be the common thread.

  14. Corry says:

    If money were no longer an issue for me the following signs would be present: We would be dept free. We would live on cash, even for large, surprise expenses, we would be surrounded by quality and beauty. My husband, who is our major bread winner, could come through the door at the end of the day and say to me: ” I want to do something else now.” and I would say ” no problem, my income will easily support us and our lifestyle so take as long as you want to find something else.” I would invest in my business, publish my book and cd’s, on cash. I would go back to school to start my MA followed by my Phd. I would have the space to workout everyday, have a house keeper and a personal chef. We would make all of our choices based on what is best for our health and the environment, regardless of whether that option was way more expensive or not. Our children will go to private school and continue to have the best education and activities that we want for them to have. We will have money to pay for our family members to come visit us. We will purchase property and continue to invest in the one we have.

  15. Lucinda French says:

    Ask, ‘What could I do in my life, if money was absolutely no longer
    > an issue?’
    I would most likely help people. But only people who want help and are willing to accept the help and support. In whatever way they truly want (and know they need)that support. I would volunteer, and give away as much money as possible. I would have a place at the beach. I would have a small group of really good friends, inwhich we would share our lives. I would learn how to share Christ with others so they will hear and can accept, as it is up to them if they accept. Free will. I really want those true friends and sharing LIFE.

  16. Tina says:

    If money weren’t an object, I’d continue in developing my coaching business, but broaden it a bit, hire staff to do all the support / infrastructure work, and I’d get out there like a tornado and motivate people to have confidence, focus, and take action to reach their dreams and goals.

  17. Chris says:

    I would be FREE!! This means free to travel anywhere in the world, free to support causes that I believe in and be generous about it. Free to play, free to help many more people live great lives including those who cannot afford my regular coaching rates. Free to make a significant difference in the world.

  18. Denise Hart says:

    If money were no longer an issue I’d travel more. I’d no longer fret over my son’s college tuition. I’d leave my job as a collge professor and create my own school and hire and train a staff to teach performing arts from a values centered perspective. I’d still do a lot of what I’m doing now, which is living with integrity, pursuing my passions of training people to access their creativity and motivation to actualize their dreams. I used to worry about money a lot more, but I’ve made peace with it. Most of this happened once I got out of debt. Years ago I made rules that I live by. No credit cards for 15 years! I do intend to become a financially wealthy actively practicing coach. I’m already on my way to achieving this through actively being coached and releasing myself from perfection into process which is the way we all should live our lives. There is no perfection only process. Remember, time is short. Do your happy dance. Enjoy life!
    The Motivation Mama! http://www.motivationmama.com

  19. Kathy Zengolewicz says:

    If money were no longer an issue my husband would quit his job, we would sell our house and move to a Sea Shore Resort town. I love the Ocean and want to live close to it. I would dedicate my time to writing, which is my real passion. Writing about spirituality and the things in one’s life that makes it worth living. I don’t need to be rich, just comfortable. I don’t need a lot to make me happy. I just want to live and enjoy my life, what’s left of it. I’ve raised five children, they all turned out fine and now I feel it’s my turn to do what I want.

  20. Lorraine says:

    If money was no longer an issue I would have a healthy investment portfolio, create a foundation to feel the homeless families in the US, create a foundation to educate children from low income families and prepare them for college, travel with my husband, write, teach, and spend more time with my children and grandchildren.

  21. usha says:

    Andrea,
    If money was not in the eqation, I will buy designer clothes, get an interior decorator to do my kitchen and bedroom, find a beauty consultant to advice me about dressing, I will enroll in courses to change career or even stay at home. I don’t understand ” if you want to be attractive,you must have plenty”. Plenty of what?

  22. Cynthia says:

    I’ve already started living the life of my dreams. Next steps for me are to attract paying clients and to develop some of my own programs and offerings. Also, I think I need to defeat my inner demon who says that I shouldn’t charge money for doing work that I love. It’s as if I have come to believe that I shouldn’t be happy and rich.

  23. Veronica says:

    I’ve been coaching for he majority of my life and have never charged a single cent. I’ve even had people who’ve been in a really bad polace live in my home. This year, I decided that it’s way past time that I charged for what I did and all my so-called “client” disappeared.

    Never-the-less I press on…

    ‘What could I do in my life, if money was absolutely no longer an issue?’

    1) I’ll buy that home so I can run a residential coaching facility.
    2) I’ll buy several starter homes and re-sell them to graduates of the residential programme.
    3) I’ll take that trip – Paris, Rome, Egypt, Israel and parts of Africa.
    4) I’ll lauch my daughter’s singing career by producing and markeing her first album.
    5) I’ll pay back my son (I used his college money when he went to jail and it was painfully obvious he wasn’t going to use it – but he was planning on using it to start-over.)

  24. Erin Postle says:

    HI
    There is more than enough money for me to share my talents as a Weight Loss Coach. The more money I can bring in, the more people can access my tools and change their lives.

    We will only mutually benefit from our work and the exchange of money.

    I invite everyone to take on this belief as well.

    If you are struggling with letting go of weight, I have some free resources that may help you. Check me out at http://www.thinnerpeace.ca

    Kindly,
    Erin Postle, M.Ed.
    Weight Loss Coach
    Martha Beck Certified Coach
    http://www.thinnerpeace.ca

  25. Peter B. Reiter says:

    I don’t think of myself as having a money problem, but if I had more funding at my disposal I would aim it at education, with scholarships, especially in the arts, for students with projects aimed at empowerment. I would try to include foreign travel into the scholarship program, maybe a required year abroad, to encourage a one-world perspective with appreciation for cultural differences. I would also fund basic necessities in third world countries, including basic education.

  26. Karen Graves says:

    When I have all of the money I need and want, I will be able to see a variety of people from a variety of backgrounds with a variety of needs, helping them grow their lives in ways that are meaningful to all of us. I will have the freedom to be comfortable, look comfortable, model success, calm, and happiness.

  27. In these times money does not appear to be the be all end all that it was when I began to work back in the sixties. But ignoring it won’t make it jump into my pocket either. And without it I’m having a hard time accomplishing the dreams I have for my life. I want to create a wonderful retirement community for Artist, Writers and Musicians. Imagine, the possibilities are wonderful and very doable. Thanks for convincing me to accept the money that I ask for and thanks for all of you who responded in showing how common many Coaches dreams really are.I guess I’ll have to allow Coaches on my retirement ranch. Any takers?

  28. Nathalie Gregg says:

    Living an abundant life means learning to Live Out Loud!
    Embracing our gifts and talents and position ourselves for excellence.
    Excellence in the standard not the exception!
    The lack of money is a mentality and a crutch that we all use to keep from pushing forward.
    I design and create the life that I desire.
    We I am liberated, I give to others permission to do the same.

  29. James Boyet says:

    Thanks Andrea,
    Actually I’m an actively practicing business designer.
    Designing projects that come to me and that are requested
    by clients.Working on the build-out of several projects.
    And moving ahead picturing the new home I want.

  30. I agree 1000%! I heard a wise person say that to teach you must be teachable! So as a business coach I must have a viable and vibrant business and be coachable. Thank you for reminding us of that fact! Thank you so much Andrea!

  31. Sherrie says:

    I’d spend the summer in Paris with my daughter, of course. We’d spend our days writing and sketching and learning the beauty of the city and its people.

    I’d have plenty of time to read all the books that have been piling up both literally and figuratively in my mind over the course of the last 42 years.

    I’d hire a maid. For sure.

    I’d buy a house and at least a couple of acres of land in our new hometown, in the state of my birth, and a horse to go in the stables I’d build on that land.

    I’d replace this nine year old clunker I drive with a pickup truck, or one of those hybrid truck/SUV things. New. Definitely new. Right off the lot. And I’d pay cash.

    I’d start planning the next trip my daughter and I would take. And the next. And the one after that ….

    And I’d finally sign up for formal coach training and certification.

    (OK, I might buy a really expensive handbag too.)

  32. Sheila says:

    If money were absolutely no longer an issue, I would be free to be a full-time mom again and also have time for myself!

  33. Nancy says:

    If money were no object, the truth would be more available. Neediness and greediness are lenses that color decisions and eat time. There is more opportunity to be present centered and focuse.

  34. Dave says:

    If money were no object, I would travel more (especially to sunny places in winter), dream bigger, be more generous with my time and money worry a lot less. I would decorate my house nicely, and I would invest in myself and my family, in terms of time, experience and education, to keep it susainable.

  35. I would – today:

    - Book a flight to go see my mom and possibly take her on a 3 day cruise
    - Plan a 10 days road trip with my children down the CA coast and into Mexico

  36. Valerie says:

    When money is not an obstacle, I will be living in perfect balance between my inner and outer worlds. I will be walking my talk, modeling abundance at all levels. There will be so much delicious CHOICE of how to share the money and keep it circulating – continuing education, travel, funding of exciting new projects and dreams. I will not think of it as mine to hide or horde, but rather I will inhabit generosity as my birthright. There will be no thoughts of scarcity which lead us to be afraid and hide our light (and money) under a bushel. There will be a sense of ease and deep inner knowing that this is the way my life is intended to be unfolding – so that I can share the blessings all around me. It makes me joyful just thinking about the freedom this brings because I will have the money, yet it will not possess me!

  37. Laurel Davis says:

    If money were no objest I would hire the the best team to put together allthe technical aspects of the coaching biz as well as market ing so I could reach as many people as possible

  38. Andrea says:

    If money were not an issue, I would tell my significant other that he can quit his job and we would build our lives around contra dancing, hiking, traveling, and our families. I would help him go back to school for another career and I would continue providing marketing coaching and workshops to a broad range of clients.

    I would have two homes, one where my kids are, and another near fabulous hiking trails (maybe the Whites in NH), and I would travel and see good friends far more often.

  39. Cindy says:

    If money were not an object, I would have more freedom to travel more often to visit our kids, other family, & friends, and do coaching sessions from anywhere that I can have a cell phone. I could invest both the time and money in more advanced training that I long to have to expand my skills. I would also have more time to pursue other hobbies and interests that I have postponed while making a living.

  40. amy says:

    If money were not an issue, I would
    a) sleep at night (or be up all night with wildly fantastic ideas like I used to, when I was a kid)
    b) travel again with my kiddos
    c) quit two of my jobs
    d) be in a position to help the people I love
    e) create, create, create!

  41. Maria says:

    Since money IS NOT an object (I’ve already started the mindshift) my plans are to grow my coaching practice. I will develop and market new products; and be a mentor to others that are starting up. On the personal side, I will give my children a life that they are comfortable with so that they can pursue their education and dreams without being concerned about money. I will support my husband’s dreams the way he is supporting mine now…

    I will continue to work in some capacity as long as can breath; enjoy life with those I love; be debt free and give to church and the community in hopes to make the world a better place to live.

    I will also travel, know other cultures and be catalyst for change. I have money in my pocket and I’m OK with it because I deserve it!

  42. Judit says:

    When I have money entering my life in abundance (as before), I am able to invest in myself and in my business without limits. I can organize the best solutions for my kids and give them the best start in their education in line with my beliefs about creativity. Plus I can give the best care and help for my mother to live long and healthy.
    I believe that money is in my reach and I am opening my mind and hand to receive it.
    I plan to “work” as long as I breath on my pet projects: having my own Tarot deck is just one example of the wonderful things I plan to do after 60.

  43. Daily – I would do Kundalini yoga, meditate, spend time by the creek, to model a spiritually balanced life. I would also make and sell beautiful photographs and coach businesses to success.

  44. David says:

    If money was no object? Mmm …. I would write, write and write again for the sheer joy of using words to convey the amazing world we live in while we live our ‘dash’ (the hyphen on our gravestone from birth to death – cf Linda Ellis, ‘The Dash Poem’). I would pass on my experience to those starting out in the world of work. I would give more of my time to others. I would explore all my passions more.

  45. Joanne says:

    I’d be doing what I’m doing now: working with those who want to advance their careers and their dreams.

  46. Donna says:

    Thanks for this first lesson, Andrea. I look forward to what is yet to come.

    Forgive me, please, for altering the question, just a tad.

    When (not if) money is no longer an issue in life, I, too, will be traveling the world, grateful for the possibility. Places to snorkel, hike and view awesome scenery will be right up my ally and my life will be balanced with meditation and down time. Returning home to my sustainably built log cabin on the river, gifting my children and friends with whatever feels right at the time and donating plenty to charities and non-profits – doing good work in the world – will remain important parts of what I do. My lovely little scooter will get me around locally and my firey red Echo will take me where-ever I want to go (on the continent).

    Part of what makes all of this possible is having “And Betty Makes One” a best seller and enjoying an international coaching business where I am blessed to help people transform their lives.

  47. Isabella says:

    It would be so beautiful to move into the realm of helping others without the thought of how to pay my bills. Life would be so much more relaxed without that worry always in the back of my mind. I could move more into my passion and surround myself with other like-minded individuals that would be partners to move forward together with. For me its all about moving from “me” to “we”.

  48. Amelia says:

    I am a financially wealthy coach. My clients joyously reap great benefits, in all areas of their lives, & are appreciative for my services, easily & more than willingly able to pay for my services.

    To answer your first question:

    I am receiving amazing, nurturing massages every week.
    I am out dancing & taking dance classes 3-4 nights a week. With special trips of living in a Latin country to take dance training & enter a competition for the sheer fun of it!
    I love paying people for services to support my personal and professional life. I love seeing them smile & appreciate being acknowledged & paid well. Money in Flow.
    I love traveling, to warm, tropical places year round, staying in 4-5 star pampering resorts, Ahhhhhhh….
    I love my trips to hot springs, mud baths, nurturing my body & soul.
    I love going to Europe, Australia, Indonesia, to see the amazing sacred temples, sacred art, castles, cathedrals, architecture, estates, countryside, living there for several months, immersed in the lovely people, traditions, cultures, foods. mmmmmm……
    I love swimming with the dolphins, and doing dolphin therapy & other animal therapy with children & adults.
    I love the ease of taking whatever course I desire, going back to school to become an Expressive Arts Therapist.
    I love all the pamering retreats I am easily able to attend.
    I love the home I live in, that I own, beautiful, spacious, sun filled, my Love Palace, that is on the ocean… ahh, the sound of the waves, the smells of the salt air, the feeling of the soft breezes!
    I love the homes I purchased for my children (with a guest suite for when I visit & other guests) that is perfect & healthy & joyful for them.
    I love to tithe, especially surprise, anonymous random acts of kindness!
    I love my balanced Life, where I am truly living, loving, enjoying myself, my body, my family & friends, my service, my clients, my creative expression, my LIFE!!! That evolves & keeps getting better & better.

    And So It now Is.

    ~ Thank you Andrea for this opportunity to focus & declare my Truth! Loving Blessings!

  49. Mark Hoelter says:

    I have no desire for 6 or 7 figures. $70K is about right, and the scientific research is that: above that figure does not make for more happiness (and sometimes makes for less). Even without the scientific research, that would be my goal. I’m a pretty committed democratic socialist.

    I’m not at $70K now, so that is my goal to aim for, and specifying it is helpful. I love where I’m living (in a vibrant neighborhood of Washington, DC – I’m deeply a city person who loves the bustle) and love this work. And I can do better financially.

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