733b what does a money coach do + the psychology of money

Aug 14, 2024

In this engaging discussion, Karen Eley, a former financial adviser and Certified Money Coach at Women Talking Finance, sheds light on the valuable role of money coaching. She explains how money coaching differs from traditional financial advising by focusing on the psychological aspects of financial behavior. Listeners discover the eight different money types, how childhood experiences shape financial habits, and simple exercises to identify personal values related to money. Karen emphasizes the importance of addressing emotional ties to foster healthier financial practices.

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Intro

00:00 • 2min

Understanding Money Through Psychology

02:16 • 19min

The Intersection of Money Psychology and Personal Finance

21:43 • 2min

Exploring Money Types and Financial Behaviors

23:57 • 3min

Understanding Money Archetypes

26:41 • 17min

Exploring the Psychology and History of Money

43:34 • 2min

Money Mindsets and Coaching

45:51 • 3min

Accessibility and Psychology of Money Coaching in Australia

49:20 • 4min

'The Quick Start-Guide to Investing' by Glen James & Nick Bradley is available here: https://amzn.to/3QNNrbv

Financial advisers and financial counsellors are pretty well known in the ecosystem of financial support, but not everyone may know what a money coach does. In today's episode Glen chats with Karen Eley, former financial adviser and Certified Money Coach at Women Talking Finance who shares how a money coach might work with you to achieve your financial goals. As money coaching is an emerging space, it's important to choose a coach with reputable qualifications such as a background in personal finance or formal education in money coaching. The episode touches on:

👉🏾 what is a certified money coach?

👉 Karen's background

👉🏿 what's the difference between a financial adviser, financial counsellor and money coach?

👉🏻 the most common emotions people experience with money

👉 the core pain points a money coach can help with

👉🏼 the 8 different money types (discover yours below!)

👉🏽 some simple exercises you can do to uncover your values and beliefs around money

Take the money type quiz here: https://bit.ly/46FRE7u

Thanks to Skye Wealth for supporting our Thursday show! Connect with the team here

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