Do I need a coach?
Can you imagine a high school basketball team working without a coach? Or an elite gymnast getting to the olympics without a coach? Of course beginners and amateurs need coaches, but you’ll find that anyone reaching for excellence will benefit from a coach. When I think about my own ministry, all the major gains have been made when a coach was helping me clarify, prioritize, strategize, and reach for my goals.
What does a coaching session usually look like?
Coaching is individual to each person, but in general a coach will ask good questions to get you to think about your own agenda and next actions: review your goals from the last coaching session, process what’s working and what’s not, dream and brainstorm your preferred future, strategize what you want to do next, give pointers, check understanding, and hold you accountable. I may push you outside your comfort zone a little, but you should come away from each coaching session feeling hopeful and energized for the task at hand.
Coaching sessions are 45 minutes each by phone or Skype.
How much does coaching cost?
Clergy Financial Coaching is willing to work on a sliding scale. A typical coaching session is 6 weeks for $999. That’s a $99 new client fee plus $150 per coaching week. I take a very small group of clients so I can focus one-on-one and give you complete attention. This price-point also motivates the client to prioritize and make real changes to succeed with finances. A 6-week term includes weekly 45-minute phone or Skype sessions, anytime email support, some teaching modules, articles, assignments, workflows, and processes.
But those who really need emergency financial help often can’t find the resources to squeeze that kind of money out of their budgets. Those who need debt and budgeting help also tend to need their coaching sessions a little farther apart to get the full benefit of tracking spending and practice budgeting. So I also make my coaching services available for debt and budgeting triage at $75 per coaching week. With this program, I waive the new client fee. This would come to just $150 per month for two or three months, coaching every other week.
“Most life coaches working with individuals charge about $200 to $1,000 per month for a 30- to 60-minute call three or four times a month. Executive coaches charge more and typically work with their clients for two hours a month. It all works about to about $100 to $300 per hour. Obviously, corporate coaching is more, and can cost $1,000 to $10,000 per month and usually starts at $500 per hour. Corporate coaching often includes on-site programs and online computerized assessments.” – http://www.lifecoach.com/coaching-faqs/
How would I pay for coaching?
By helping you budget, eliminate debt, increase your earnings, and get all of your tax deductions, Clergy Financial Coaching can make a $10,000+ difference with your household income each year. Clients often see a turnaround of over $1,000 during the first 6 weeks of coaching. Because Clergy Financial Coaching is specific to ministry, some pastors find the money available in a continuing education budget. For some pastors, it’s as easy as turning in the receipt and getting reimbursed. Others may want to itemize the expense as a ministry tax deduction.
How long does coaching usually last?
The standard coaching term is 6 weeks. This gives the client time to make some really big changes and see some major wins. Many clients decide to continue with coaching on a weekly or monthly basis, or may pay for a one-time check-in. Some clients may choose to continue coaching for as long as 6-9 months, although this is rare. Clients who continue after a 6-week package will be charged $100 per coaching week.
Can I get coaching for a short-term project?
Absolutely! Maybe you’re just trying to figure out your tax setup. Or you’re renegotiating your compensation package. Or you just need coaching to help you figure out the next steps for your congregational stewardship program. I can help you with that.
How is a coach different from a therapist/financial planner/cpa?
A financial coach is not a therapist, financial planner, accountant, tax professional, or insurance salesman. I will not spend a lot of time looking backwards unpacking the past, but I will help you to look forward to a preferred future. I will not take over your investments or do your taxes for you. The job of the coach is to come alongside you and help you strategize the future and take next steps toward it. You may need the services of a financial planner or accountant to move forward. For that matter, you may need to see a therapist. But you may not. And I can help you figure out what further professional help you do need.
Because I am not selling any financial products or getting any kick-backs, you can feel confident that you will only be receiving coaching that is in your best interest.
Do you have a code of ethics?
I do! Thanks for asking! Please find my Code of Ethics document here.
What if the coach makes me uncomfortable?
While coaching will sometimes push you to think and act “outside the box,” it is only to help you achieve your goals. I should not be in control of the agenda, but will constantly help you to clarify and move toward your agenda. I may push you outside your comfort zone a little, but you should come away from each coaching session feeling hopeful and energized and not uncomfortable and apprehensive.
If I do make you uncomfortable, please bring it to my attention. This kind of feedback helps me to learn and grow and become a better professional.
Can I become dependent on a life coach?
A good coach will form a sympathetic relationship with you and it is natural for you to feel warm feelings toward your coach. But I will not do anything to make you dependent on me or make myself indispensable to your emotional life. If you find yourself becoming overly attached to your life coach, please seek therapy.
How do I know if it’s right for me?
You can sign up online for a free 30-minute strategy session with no obligation. This will help you get a feel for my coaching style and see if a 6-week coaching package might be right for you.
To schedule a FREE 30-minute financial strategy session, click here.