If you're struggling to take your money to the next level, it might be your mindset. Or maybe you don't know where to start. If you're feeling stuck, a money coach might be able to help with long-term financial planning and building wealth.
Today's guest is Nicole Stanley, founder of Arise Financial Coaching. Her passion is helping people build wealth so they can create goodness in the world.
We're going to look at how your money mindset impacts your finances and the way a financial coach can help you take the next step toward building greater wealth.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What is a money coach?
So many people are out there claiming to be able to tell you how to make the most of your money. Some of these folks have financial credentials, while others don't. Trying to figure out who to trust can be a big deal.
Nicole explains what a money coach does, pointing out that coaching has fewer regulations and is a different beast from financial advising.
It's also important to note that a financial coach doesn't do the same thing as a financial advisor and won't manage your money for you. Additionally, while some organizations recognize coaches, anyone can call themselves a coach and take your money.
We have a great article on how to choose a financial advisor that works for you.
What can a financial coach do for you?
While a financial coach isn't usually a credentialed financial professional, they can still help you on your financial journey. Here are some of the ways a money coach might be able to provide you with insights into your finances:
- Exercises to help you understand your relationship with money
- Help you understand your financial values
- Set money priorities that make sense for you
- See money as a tool to help you achieve your goals rather than being the end goal
- Make a change to how you view money
We also talk a little bit about financial shame and how some gurus, like Dave Ramsey, focus on that aspect to motivate you rather than finding positive motivation. (Check out our podcast episode on Dave Ramsey.)
Meet this week's guest, Nicole Stanley
Nicole Stanley is the owner and head money coach at Arise Financial Coaching. Her mission? Shame-free and accessible wealth-building education empowering women.
Nicole is a Latina founder and personal finance expert. After paying off debt and increasing her family's net worth through investing, she discovered her passion for helping women change their communities through financial literacy and wealth.
Arise Financial Coaching has helped hundreds of women escape debt, save, and become confident investors. Nicole and Arise have been featured on GMA, Yahoo Finance, Time, ABC News, Go Banking Rates, and more.
- Website
- Facebook
- Instagram
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.