4 Reasons People Become Financial Coaches

When you think of someone who changes lives, you probably think of doctors and nurses, teachers, firefighters—and let’s be honest—moms everywhere. But there’s another type of person who changes lives every single day: a financial coach.

Financial coaches are everyday people who have a passion for helping others gain financial peace. They do what Dave Ramsey does every single day on The Ramsey Show, except they sit kneecap to kneecap with their clients as they face hard financial situations and show them they can win with money. That’s right—they walk with their clients out of the turmoil of financial crisis all the way to financial peace.

Who Can Become a Financial Coach?

You don’t have to have a fancy finance degree to become a coach. Yep—anyone can become a Dave Ramsey financial coach. All you need is the desire to help others and the willingness to make it happen.

You can get the training you need to become a Ramsey Solutions Master Financial Coach through our Financial Coach Master Training (FCMT). People who participate in FCMT don’t fit a specific mold. In fact, we’ve seen pro football players, stay-at-home moms and financial professionals excel at the training and go on to become world-class financial coaches. No two attendees are exactly alike—and that’s good news! Our participants sign up for FCMT for a lot of reasons, but they all have a goal to build a broader range of skills.

Why People Become Financial Coaches

So, why do people become financial coaches in the first place, and what do they hope to gain from it? Here’s what we hear most often:

1. They want to make a bigger difference in people’s lives.

Perhaps the most powerful reason why people become financial coaches has nothing to do with numbers, facts, details or business information. It’s about heart. These people truly want to make an impact in others’ lives, starting with their finances. Financial coaches aren’t afraid to handle the emotional side of coaching either, like navigating marital struggles or even depression. They understand that walking the line between showing mercy, holding their clients accountable to their goals, and being their biggest source of encouragement can be challenging. But it’s exactly what so many people need to make lasting change in their lives.

2. They want to meet a need in their community.

Let’s face it, 78% of Americans live paycheck to paycheck.¹ They’re strapped to their car payments, struggling to making their mortgage payments, and can’t seem to get Sallie Mae out of their house. And when you’ve had a taste of financial peace, all you want to do is help others taste it too. People become financial coaches because they see people in debt all around them and want to show them a way out.

3. They want to coach people through hard things.

Many people who decide to become financial coaches do it because they love coaching. They love encouraging, challenging and walking with others as they try to reach their goals in life.

The beautiful part about becoming a financial coach is that you get to help people as they turn their lives around. Like we mentioned earlier, those who are struggling financially often struggle in other areas too. By becoming a coach, you get to help address the money issues and watch as healing takes place in your clients’ marriages and relationships—and even their health! That’s a win-win.

4. They want to start a coaching business.

Another reason people want to become financial coaches is that they want to start a coaching business. If you’re gifted at coaching, challenging and encouraging others, why not make that your full-time gig? Couple that with an entrepreneurial spirit, and you’ll be unstoppable!

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Starting a coaching business meets a need in your community and is a great source of income for you as you help more and more people find financial peace.

Become a Financial Coach With FCMT

Financial coaching is something anyone can do, but it does take knowledge, skill and training to do it the right way. That’s why going through a program like Financial Coach Master Training is such a big deal. Participants know they’ll come out on the other side of FCMT with everything they need to help people and build a thriving coaching business.

Specifically, people who go through FCMT expect to grow in their personal coaching ability and their confidence—all while learning better coaching techniques. As soon-to-be coaches, they’ll ultimately lead clients out of financial messes. But in the short term, FCMT is all about coaches taking the time to invest in themselves.

By signing up for FCMT, you’ll learn everything you need to know to be a successful financial coach. You’ll learn the nitty-gritty details of coaching processes, the legal differences between coaching and advising, and what resources are available to you as a coach. And of course, you’ll walk away with a greater understanding of all things money—from taxes to investing and wealth building and more!

So, have you ever considered how you could change the lives of your family and friends through financial coaching? It’s never too late to start making a difference. And if you’ve been waiting for an opportunity to change lives, becoming a financial coach could be your next right step.  

Learn more about Financial Coach Master Training and how you can become a Ramsey Solutions Master Financial Coach.