The Money with Katie Show Life Coaches: Pyramid Scheme or Legitimate Investment? I Hired One to Find Out
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May 22, 2024 Journalist Jane Marie, known for investigating pyramid schemes, joins the podcast to explore the legitimacy of life coaches. They discuss personal growth, navigating the coaching industry, and the importance of finding the right fit for personal development. The conversation sheds light on questionable practices within the industry and the impact of ethical coaching on individual growth.
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Katie's Life Coach Experience
- Katie hired a life coach after feeling a mismatch between her life on paper and her emotional experience.
- She was surprised that a hypnotic meditation session moved her to commit to coaching.
Life Coaching Landscape Complexity
- Jane Marie found many life coaches in LA, making the field hard to define clearly.
- Coaching is varied, often overlapping with MLMs, creating a complex landscape.
MLM and Coaching Overlap
- MLMs often promote coaching to keep failing sellers motivated by blaming individual mindset.
- There's a big overlap between MLMs and coaching cultures, both fueled by personal responsibility narratives.