Why Mentors Can Prove Invaluable When Developing a Money Mindset
Have you considered hiring a financial coach or money mentor to help you develop a better money mindset? If not, you might want to!
Mentors can have a powerful effect on our likelihood of success. These days, you can find a mentor for everything, including mentors who specialize in money mindset.
Not sure whether or not a mentor is right for you?
Have a look at this recent article on Forbes: When is the best time to invest in Yourself?
Below, are some of the top benefits a mentor can bring when you’re working on a healthy money mindset.
Money Mindset Coaching – 7 Top Reasons Why it’s Invaluable
1. They know what works
Financial mentors have years of experience. They’re extremely knowledgeable and have studied the latest money mindset techniques. Therefore, they know what works when it comes to developing a healthy money mindset.
You’ll be able to utilize the best methods to dramatically switch your mindset. What’s more, mentors are used to working with a wide range of personality types. So, they’ll be able to tailor their advice to match you personally.
If you try and change your mindset by yourself, you don’t which methods really work. So, you could end up wasting a lot of time, getting frustrated with methods that aren’t effective. A mentor will eliminate this, guaranteeing results the first time.
2. They help you focus
A coach helps you find and focus on those deep and meaningful questions you need to answer to identify what your limiting beliefs are around money. Too often you are not aware of what your limiting beliefs or blindspots actually are.
Once these blocks have been identified you can then work on ways to reboot your money mindset.
3. You’ll have somebody to hold you accountable
A mentor doesn’t just tell you what works, they’re also there to hold you accountable.
When you’re trying to change something by yourself, it’s easy to come up with excuses. Your motivation can also suffer if you’re relying on just yourself to keep going.
When you have a money mindset mentor, they’ll want to know what progress you’re making.
Having somebody there to answer to can make you much more inclined to stick to your money mindset plan.
4. They help to maintain motivation
To change anything in your life, you need to be motivated to do it.
Initially, this isn’t a problem. When you reach the point of wanting to change, you’ll have a lot of motivation to get you started.
However, over time this motivation can easily fade away. That’s where a mentor can prove invaluable. They’ll be there to help you maintain that motivation. By helping you to set daily and weekly goals, it lets you see progress continually being made.
The key to maintaining motivation is to see progress. After all, why would you carry on doing something if you never saw any changes?
A financial mentor can ensure you keep seeing those changes and address any challenges which may crop up along the way.
5. They can help you develop an effective plan
Often, it’s knowing where to start which can be the hardest part of changing your mindset.
A mentor can help you to develop an effective plan that you can follow.
You’ll have a structure, which can be really useful if you tend to have trouble staying motivated.
They’ll show you exactly which steps you need to take to achieve your financial goals.
6. They will help you stretch yourself
Having a mentor or coach at your side can often help you see opportunities and possibilities that you never would have thought of on your own.
A good coach will help you grow in ways you would never think possible for and by yourself.
Basically, it’s applying the ‘two minds are better than one approach.
This is also true of high-level masterminds hence the financial entry-level is usually quite high.
This could ultimately prove invaluable to your growth and development.
7. They help you gain confidence in your abilities
A mentor helps you become more self-aware of your thinking habits in general.
Once this skill is learned you will have the confidence to turn old patterns of thought and previously self-defeating questions into situations that work toward your advantage.
Coaching helps you gain the confidence to take on new challenges and set new and bigger goals for yourself that previously you would have not entertained.
Choosing the best mentor
It’s important to realize that not all financial mentors are equal.
If you want to take advantage of the benefits a mentor can deliver, you’re going to need to make sure you’re choosing the best one.
Each mentor has their own personality and way of doing things. So, you’ll need to find one which complements your own personality.
Do your research and ask people you know for any recommendations. Get to know the mentor before you hire them.
If you choose the wrong one, it could further damage your finances and your money mindset.
Having a financial mentor can prove invaluable when you’re developing a positive money mindset. As mentioned they can deliver a lot of fantastic benefits such as helping you to stay on track and assisting you to come up with an effective plan.
Just make sure you’re taking the time to choose the best mentor to fit your personality.
Money Coaching Training Online
As we have rapidly moved into the technological arena most mentors offer their services online.
Some do 1 on 1 coaching, others offer group coaching and/or more exclusive masterminds. Many offer memberships or courses that are self-study which usually also has some live coaching added on.
You need to look at which option best suits your needs as well as the different costs involved when hiring a mentor.
“Rich people play the money game to win. Poor
people play the money game to not lose.”- T Harv Eker
Money Mindset Coaching Recommendations
Below are a few online mindset mentors I can personally recommend.
These courses teach you how to expand the money you receive by expanding your money mindset. This work focuses on how to make decisions from a place of abundance rather than fear, how to think bigger, and how to impact not only your life but other’s lives as well.
These courses are all online so they are globally recognized and more practical and affordable.
Please note that these are mindset coaches and NOT financial advisors.
Want to buy a dream home, manifest financial wealth, create amazing relationships, build a successful business, and/or contribute to the lives of A LOT of people?
Acclaimed Prosperity coach, best selling author, and my mentor Peggy McColl is going to help get your money mindset right and show you the exact process she has used and taught thousands of students to achieve money mindset success:
John Assaraf is a legend in the self Improvement Industry. He is one of the leading mindset and behavioral experts in the world.
He is the founder and CEO of NeuroGym, a company dedicated to using the most advanced technologies and evidence-based brain training methods to help individuals unleash their fullest potential and maximize their results.
His flagship money coaching course is Brainathon:
Inside this money coaching course, John shows you how to “flip the switch” inside your brain (what scientists call the “neuroplasticity switch”) to attract wealth and groundbreaking success).
When You Flip This Switch, You’ll Discover How To:
✅ Hit your goals faster & easier than you thought possible
✅ Increase your income
✅ Take control of your emotions (this one is huge)
✅ Have more peace of mind and freedom
✅ Pick up a new skill/language/idea just like that
✅ Start living life on your terms
Last thoughts on Money Mindset Coaching
These are the invaluable benefits you can derive from hiring a mindset coach are:
- They know what works
- They help your focus
- You’ll have someone to hold you accountable
- They help you maintain motivation
- They can help you develop an effective plan
- They help you stretch yourself
- They help you gain confidence in your abilities
Mindset coaching is an investment that keeps giving returns.
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Money Mindset Coaching – 7 Top Reasons Why it’s Invaluable