The Coaching Process

How The Coaching Process Works

Phase 1:   Organize your Financial Life

In Phase 1, we will get your personal finances organized.  Before we can get you out of debt, we need get a handle on what type of accounts you have and ensure that you have access to all accounts.   Instead of feeling frazzled, you will start to feel in control of your financial life.

You’ll start off thinking “I have no idea where to start” and end up thinking “I know all of my accounts and how to access all of my credit card, student loan, car loan, mortgage, check and savings accounts.”  

Getting your finances organized is the foundation to building a complete and reliable debt elimination plan. 

Phase 2:  Clarify your Financial Dreams

In Phase 2, we will clarify the reasons why you want to get out of debt.  Just saying “I want to get out of debt” is not enough.  We want to looker deeper into the “why” so that we can always come back to that goal during the coaching process.

You will start off thinking,  “I want to get out of debt” and you will end up thinking “I will get out of debt so that I can stop fighting with my spouse about money” or “I want to get out of debt so I can stop living paycheck to paycheck”.   By understanding the bigger “why” will help you stay on track and focused.

Phase 3:  Understand your Money Habits

In Phase 3, we will do a deep dive into your current spending habits and work to understand how your current money habits are contributing to your debt.

You’ll start off with general feelings like “I have no idea how much I spend on a monthly basis” and end up thinking “I can’t believe how much I spend.  Now I know why my debt keeps going up”.  By understanding your spending, you can start to identify what expenses are important and what expenses can be eliminated.  You will understand the root causes of your spending habits and begin to look for solutions to align spending with financial goals.

Phase 4:  Create Your Debt Elimination Strategy Plan

In phase 4, we will develop your debt elimination plan.  We start by looking at what you have learned about your money habits and spending to create an accelerated debt elimination plan. 

You will start by thinking “I will never get out of debt” and end up thinking “I can totally get my debt paid off faster than I thought”.

Phase 5:  Action, Action, Action! 

In phase 5, we will put your debt elimination strategy to work.  Action is the most important step.  We will put all of your new skills to work to get that debt paid off!  We will also continue to work on phase 3 to improve financial habits which will continue to add momentum to your debt plan. 

You will start off thinking “I am frustrated because I want my debt gone now” to “I see my debt going away and I can finally see the light at the end of the tunnel”.

I was ready to change the way I viewed my money. I was tired of my hard earned extra dollars going to pay off things I had already purchased. Many of these things I didn’t even own anymore. Lisa showed me how to plan, how to budget, how to spend, and how to save my money. Now my money has a purpose. I am more careful about what I buy. The process took some time to get used to, changing spending habits is hard. But once I started to see the light at the end of the tunnel, everything started to click. I highly recommend working with Lisa if you want to get out from underneath the stress of debt.

Jamie K.

Interested in Changing Your Life for the Better?
Request a FREE 30 Minute Money Coaching Consultation With Me

“Everything You Do Now Is For Your Future.”

– Unknown