Life Coaching + Financial Planning = The Evolution of “The Financial Planning Experience” Aileen...

Life Coaching + Financial Planning

= The Evolution of

“The Financial Planning Experience”

Aileen Miga, CFP, Life Coach

Inspired Wealth

Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

“We live in the most affluent societies in human history, yet we

are still not using money intentionally to achieve our highest goals and fulfill our

biggest dreams.”


More is no longer enough


The Trends

• Aging Clientele– Life Transitions ~ Transitioning TO something new– Right Brained Thinking

• Changing nature of the workplace– Entrepreneurialism – Meaning ~ work and play are converging

• Self-Actualization with the help of Coaches– Maslow: Basic needs are met, next Self-Actualization– Self-care and simplicity movement– Lifelong Learning ~ Journey ~ Conceptual Thinking

~Adapted From Put the “Life” into your Practice; Barry LaValley


The Opportunity

• Help clients regain a sense of alignment and strength as they cope with life transition and change.

• Help clients use money intentionally, with meaning, purpose and direction to create the fulfilling lives they desire.


The Evolution of Financial Planning

• The “Financial-Life Planning” approach requires a new skill set.

• “ In the future financial planners will become more like “financial coaches”: utilizing coaching skills and principles to help people use money intentionally to attain their highest goals and increase personal freedom.”

Aileen Miga, Inspired Wealth


A coach is someone who tells you what you don't want to hear, who has you see what you don't want to see, so you can be who you have always known you could be."

- Tom Landry•


What is Coaching?

• Coaching is inspiring an individual or team to produce a desired result through personalized teaching, expanding awareness and designing environments.



What is the focus of Coaching?

Where are you now in relation to where you want to be?

What are your goals? Are they based in your values?

In order to get what you want from any situation, what are the areas of strength and what are the areas for improvement and focus?


The Financial Planning Process

Step 1

Collect Data

Step 2

Set Goals

Step 5

Implement

Step 4

Develop A Plan

Step 3

Identify Problems

Step 6

Review and Revise


12 Principles For Financial Leadership

• Life Coaching Principles applied to each of the Six Steps of Financial Planning

• It is a continuum that combines Wealth Creation and ongoing Personal Development


www.inspiredwealth.com

Copyright © 2003 by Aileen Miga. All rights reserved.

12 Principles To Reach Your Highest Goals

Money = Energy

Energy = The ability to get work done.

Are you using your resources intentionally to attain your highest goals?

Money is a symbol of appreciation, it flows to those who add value.


The Truth Will Set You Free

In all learning it is essential to know where to begin.

Know the truth about your money. Internal integrity is an opportunity.

Money awareness is the first step to financial freedom.


Honour Who You Are

Embrace your desires: They are a part of your unique job description.

Use money in ways that are congruent with your values to increase fulfillment vs. wants


You Are A Creator

All things are conceived in thought.

Creating vs. Competing

We are all here to manifest.

Create more value…attract more wealth.Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Expand Who You Be, Not Only What You Have

Building a life gives you energy, building a lifestyle is seductive and depletes energy.

Are you building a lifestyle at the expense of your life?

How are you managing your potential?Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Let Go and Eliminate

Let go of what no longer serves you, including goals that don’t reflect your true values.

Eliminate the things you are tolerating that keep you stuck.


Be Willing To Climb Your Mountain

Often what we must do is not what comes easiest.

Accept that it is not easy to stick to your plan with money…be willing to do it anyway.


You Can’t Get There On Empty

Get your needs met.

Become “Self-ish”.

You can’t give what you don’t have.

Build reserves: Not having enough reserves can be expensive in many ways.


Wealth Takes Courage

Courage needs to be nurtured and consciously developed.

Avoiding risk can be risky…do something that scares you everyday.


Life Rewards Action

Action is a choice, so is not taking action.

You need to plant the seed before you can expect a harvest.

What seeds have you planted lately?


The Present is Perfect

The present is an efficient feedback mechanism… …it’s perfect to learn and grow from.

The sooner you learn, the greater is your compound rate of return from your learning.


There Are No Limits

Our ability to create makes us un-limited.

Avoid judging what’s possible…

continue to grow and enrich your life.


Collect Data

1. Money = Energy

2. The Truth Will Set

You Free

Implement

Develop A Plan

Identify Problems

Review and Revise

5. Expand Who You Be - Not Only What You Have

6. Let Go and Eliminate

Set Goals

3. Honour Who You Are

4. You Are A Creator

7. Be Willing To Climb Your Mountain

8. You Can’t Get There on Empty

11. The Present Is Perfect

12. There Are No Limits

9. Wealth Takes Courage

10. Life Rewards Action


Mountains and Money

Sustainable Wealth Creation….

Demands Continuous Personal Development

Moving Forward and Upward

Financial Planning


3.WHAT YOU FACE“ENVIRONMENTAL ELEMENTS”:

RISK AWARENESS: Death; Illness; Disability; Job Loss

UNEXPECTED EXPENSESINFLUENCE FROM OTHERS/MEDIA

TAXES & FEESLAW CHANGES IMPACTING OWNERSHIP

ESTATE LAWSWINDS OF CHANGE=TRANSITION MANAGEMENT

CURRENT AFFAIRSMARKET CYCLES

FUTURECHALLENGES

2.VISIONMEANING, PURPOSE & DIRECTION

VISION MAPPINGGOAL SETTING

RE- VI SION

GOAL SETTING

RE- VI SIONVISION MAPPINGGOAL SETTING

FUTURECHALLENGES

1. WHO YOU ARE

PERSONAL FOUNDATIONPERSONAL AWARENESS PERSONAL RESERVES

BODY, MIND & SOULRELATIONSHIPS

SKILL DEVELOPMENTPERSONAL ROLE MODELS & MENTORS

FINANCIAL FOUNDATIONFINANCIAL AWARENESS FINANCIAL RESERVES

INSURANCE PROTECTIONCAREER & BUSINESS DEVELOPMENT

ASSET ACCUMULATION & ALLOCATION,INVESTMENT POLICY

FINANCIAL STRUCTURE, CASH FLOWESTATE PLAN

12 Principles ProvideGuidance

New Possibilities

More Possibilities

The 12 Principles Of Inspired Wealth1. Money = Energy

2. The Truth Will Set You Free3. Honour Who You Are

4 You Are A Creator5. Expand Who You Be, Not Only What You Have

6. Let Go & Eliminate7. Be Willing To Climb Your Mountain

8. You Can’t Get There On Empty9. Wealth Takes Courage10. Life Rewards Action

11. The Present Is Perfect12. There Are No Limits

SURPRISE! A BRIDGE

SURPRISE! ANOTHER BRIDGE


Happiness - Satisfaction - Fulfillment

Happiness - Wants• We are happy when we get what we want

- short-lived and fleeting

Satisfaction – Needs•We are satisfied when we recognize what we need, and get our needs met

- deeper sense of self

Fulfillment – Values•We are fulfilled when we orient around our values

- authentic and sustainableCopyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Your New Job Description

• A Financial Planner helps their clients get a clear picture of where they’ve been and are, where they’re going and stay with them as they climb their mountain to help get them there.

• The future of this business is about teaching and coaching and helping the client relate their money to their life.


The Evolution of Financial Planning

Dreams

Meaningful Goals

Purpose - Clarity

Legacy

Retirement Projections

Stated Goals

Career Path

Estate Planning

Getting Needs Met

Overcoming Challenges

Life Transitions

Investments & Insurance

Taxes

Market Cycles

Personal Awareness

Financial Consciousness

Abundance / Gratitude

Financial Data

Cash Flow

Balance Sheet

Vision

Foundation

Environment

Coaching/Interior Technical/Exterior


More is no longer enough


The Experience Economy

Obtain Coaching Skills

• Experiencial and conceptual learning

• You can’t take a client where you haven’t been yourself.

• Climb your mountain

• Get a coach


Partnering with Coaches• International Association of Coaches

• www.certifiedcoach.org

• International Coaching Federation• www.coachfederation.org

• Coachville • www.coachville.com

• CoachU• www.coachinc.com


Inspired Wealth

Website: www.inspiredwealth.com

Email : [email protected]

Aileen Miga, CFP, Coach

Inspired Wealth

(416) 476-3479


Connecting….

Life Coaching + Financial Planning

= The Evolution of

“The Financial Planning Experience”

Aileen Miga, CFP, Life Coach

Inspired Wealth


Date post:	22-Dec-2015
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Life Coaching + Financial Planning = The Evolution of “The Financial Planning Experience” Aileen...

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