Jobs after financial counseling and coaching?

Jobs after financial counseling and coaching?

Professional Development
Being a financial coach or counselor is indeed a profession one can hold for life - funding permitted. But what if you’re ready for a new challenge? What career prospects can you look forward to? I’m foregoing any non-related fields you can may easily jump into like computer programming or business professions. I'm looking at fields where you ought to have a leg-up in the application process. I’ll split the options into three buckets: non-profit, the private sector, and the public sector. Non-profit There’s so many avenues you can travel down in this sector. If you want to stay in direct services, you can certainly transfer your skills to other counseling/coaching type positions like career coaching or case management in a variety of areas. With my experience at a law…
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In The Loop

In The Loop

Budgeting, Professional Development
I’m from the Bronx. I know the neighborhoods and I know the economics. However, when my client recently told me that a room in the Bronx was going for $800, I nearly choked on my coffee. There’s no way someone will pay that much for just a room in that neighborhood. Well, here’s one example, here’s another, and one more in my old barrio! What the heck?! She was right and it was clear I had a blind spot in my practice. This made me think, what else am I out of touch with? What don’t I know? Cell phone plans - I have had a grandfathered plan with AT&T for the last 10 years or so. It includes unlimited data, unlimited minutes, and texting for about $60 plus taxes.…
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Goals

Goals

Field Developments, Professional Development, Psychology, Top Posts
Yes, we know about SMART goals. And we know about breaking them down into bite-size pieces. But what are some lesser-known maxims when it comes to setting and following up on goals and how can we use them with our financial coaching and counseling clients? Below is just a repository of helpful tips I’ve picked up from a variety of experts, famous coaches, bloggers, and online personalities. Goals Michael Hyatt is one of my favorite personal development leaders. I’ve followed his blog and podcast for a few years now and implemented some of his teachings into my coaching, counseling, and personal life. He is a big believer in writing down goals, like physically on a piece of paper. He points to research that shows that writing down goals lead to…
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From Counseling to Coaching

From Counseling to Coaching

Professional Development, Session Management, Top Posts
Can all clients be coached? Do they need to be counseled first if they are in crisis? If they can move from counseling to coaching, when should it happen and how so? If you don’t know already, I’m a financial counselor by title and training, not a financial coach. I employ coaching strategies, but I’m generally prescriptive in a lot of my sessions. And that’s because many of my clients, at first, present themselves in need of counseling. There are some clients who will see a more coachy Mario, but they tend to be those who are looking to learn something, not those in the fire.  Coaching Vs. Counseling Some definitions are in order. What’s the difference between financial coaching and financial counseling? The Center for Financial Security at the…
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It’s The Job, Silly

It’s The Job, Silly

Field Developments, Professional Development
Tell me...have you ever, in the midst of coaching a client, concluded that the real issue is their job? That without a change in profession, you don’t really see a way out for them? Sadly, I’m having this thought more and more these days. And as this beautifully, interactive Huffington Post article on millenials explains this has been decades in the making. What’s happening now The gig economy. Uber. Income volatility. Many of our clients are suffering from a tough job market and appear to be entering a never-ending job insecurity cycle. Clearly, I’m not an economist, but I can only see it getting worse as traditional jobs are being upended by technological advancements. There’s actual conversations on taxing businesses that automate jobs in order to fund a Universal Basic…
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Mindfulness in Sessions

Mindfulness in Sessions

Professional Development, Session Management
Me: Tell me more about how you use your credit card.                                        Client: Well, I usually don’t ~~~~~ Inner me: Did you send out                                                                                 that cease-and-desist letter for Matthew? ~~~~ and when that doesn’t work I try to ~~~~~~~Remember, you need to take off next Thursday. Me: That’s interesting. How could you approach credit card use differently? Client: Well, I guess I can ~~~~~~Wait! Do I even have enough vacation days to take…
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Blogs and Podcasts Worth Following

Blogs and Podcasts Worth Following

Field Developments, Professional Development, Top Posts
How do you harness your financial aptitude outside of work? Many of us are so tired of speaking about personal finances during the day that we glut ourselves at night with whatever we can grab. It’s natural, but we work in an amorphous field that changes constantly. We need back up. One of the best ways I stay abreast on timely information is through blogs and podcasts. Below are the top blogs and podcasts I read and listen to that I feel are most relevant to our work. Blogs Get Out of Debt Guy - Steve Rhodes is a former real estate businessman who founded and ran a debt counseling non-profit. He’s now an investigative reporter and journalist specializing in consumer debt and the debt relief industry. His posts are…
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Who’s Coaching You?

Who’s Coaching You?

Professional Development
Almost everyone could benefit from coaching. So...when were you last coached? Chances are not recently. Unless you’ve set up some peer coaching, have a manager who coaches, or hired a coach you are more than likely not performing at your best. And this can have long-term repercussions on your life, professional development, and your clients. Your finances, Your work, Your life We are nonprofit professionals, so we are probably not making it rain. In fact, some of us are living paycheck-to-paycheck, one mishap away from being in similar circumstances to that of our clients. Knowing this, we should be eager to take advantage of coaching. But I get the sense that it’s not on the radar for many. You might think right now is the right time or that you…
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Give Me Some PD! – A New Resource for Practitioners and Funders

Give Me Some PD! – A New Resource for Practitioners and Funders

Field Developments, Professional Development
For the past two years, the Asset Funders Network (AFN) and the Center for Financial Security (CFS) have facilitated a financial coaching census, which provides great insight on the size of the field, success measures, and needed support areas. You can find the 2015 & 2016 results here & here. For some more background, the two censuses (censi, anyone?) show consistency in three areas. Service delivery is usually bundled or integrated with another service - like the way my team is embedded in a legal service provider. The most popular training partner is Neighborworks. And professional development was listed as one of the most sought out resource or support. That’s where this new resource comes in. PD in the house The AFN & CFS have just released a 5 page…
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Oops, did I really just say that?

Oops, did I really just say that?

Professional Development
On a stormy Wednesday New York morning, Mario (name not changed), a two-year veteran of financial counseling, sits at a stuffy, windowless community center office awaiting the chance to bestow his financial prowess to a lucky client. Enters in Ms. Garcia (name changed), an abuelita who’s having trouble with saving money. They complete a budget and Mario sees one obvious area for spending cuts: Mario: So...tell me about your grocery expense again... Ms. Garcia: We spend $1K a month on groceries. Mario: I’m sorry, to confirm, it’s just you and your husband, right? Ms. Garcia: Yes. And?! Mario: Well, my family of 3 spend $500 a month and we eat pretty well. How are you and your husband, just the two of you, spending $1K a month?! Ms. Garcia: Food…
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