Joanna Lott Coaching

Mastering Money Mindset as a Coach

Develop a Powerful Money Mindset for Coaches: Embrace Abundance and Value Your Services

Table of Contents:

  1. Introduction: Exploring the “Money Mindset
  2. Understand Your Relationship with Money 2.1. Childhood Experiences and Money
  3. Shifting Perspective: Cultivating a Healthy Money Mindset 3.1. Believe in the Value of Your Coaching Services 3.2. Charge for the Transformation 3.3. Focus on Abundance 3.4. Release Limiting Beliefs 3.5. Celebrate Your Successes
  4. Identifying and Reframing Limiting Beliefs
  5. Embrace Abundance and Value Your Services
  6. Conclusion: Ongoing Journey to Financial Empowerment
  7. Introduction: Exploring the “Money Mindset”
  1. Exploring the “Money Mindset”

As coaches, we understand the profound impact our thoughts and perspectives have on shaping our reality. We witness this firsthand as we guide clients through exploring their narratives, life scripts, and encourage them to embrace different viewpoints. The stories we tell ourselves, including the limiting beliefs ingrained within, hold immense power.

The concept of a “money mindset” is frequently discussed, and today, we’ll delve into this crucial aspect of our coaching practices. How we perceive money and the narratives we construct around it can significantly influence our businesses, well-being, and the value we assign to our coaching services.

  1. Understand Your Relationship with Money

The initial step towards cultivating a healthy money mindset is to gain awareness of your relationship with money. How do you view money? Is it something that flows abundantly into your life, or do you perceive it as scarce and elusive? Do you feel comfortable charging for your services, or do you experience guilt or a sense of unworthiness when receiving payment for your work?

Many coaches, especially women, often associate coaching with “caring” work and feel uncomfortable charging for their services, perceiving it as “mean” or unkind.

2.1. Childhood Experiences and Money

Exploring your childhood experiences around money can provide valuable insights into your current beliefs and attitudes. Did you grow up in an environment of abundance or scarcity? Were you taught to value hard work and sacrifice, or did you witness money being earned through passion and creativity? What messages did you receive about people with significant wealth? These early experiences can shape our beliefs and impact how we perceive our worth and the value of our coaching services.

  1. Shifting Perspective: Cultivating a Healthy Money Mindset

Once you’ve gained awareness of your relationship with money, it’s time to shift your mindset consciously. Here are practical tips to help you cultivate a healthy money mindset as a coach:

3.1. Believe in the Value of Your Coaching Services

You possess a unique set of skills and expertise that can profoundly transform the lives of your clients. Believe in the value of your work and the impact it can have on those you coach. Allow this value to truly resonate within you. Maintain a record of achievements, such as testimonials or messages from clients, as a tangible reminder of the positive impact you create. Take the time to let these positive thoughts embed themselves, as it takes approximately 60 seconds for a positive thought to solidify.

3.2. Charge for the Transformation

Avoid undervaluing yourself or your services. Set your prices based on the value you provide, not on what you think people can afford. Take five minutes to jot down at least ten ways your coaching can change the lives of those you work with. The transformation you facilitate is worth investing in.

3.3. Focus on Abundance

Believe that there is enough money to go around and that you can attract abundance into your life. Shift your focus towards abundance and the opportunities to create more wealth and prosperity.

3.4. Release Limiting Beliefs

Let go of limiting beliefs around money that may be holding you back. Challenge negative thoughts and replace them with positive affirmations that reinforce abundance and prosperity. Reflect on the limiting beliefs you may hold about money, write them down, and consciously reframe them in a positive and more helpful way.

3.5. Celebrate Your Successes

Celebrate every success, no matter how small. Recognize the progress you’ve made and the abundance already present in your life. Acknowledging and appreciating your achievements, both personal and professional, reinforces a mindset of abundance and gratitude.

  1. Identifying and Reframing Limiting Beliefs

Take a moment to reflect on the limiting beliefs you might hold around money. Here are some examples:

Limiting Belief: “Money is scarce, and I have to work extremely hard to earn it.” Reframed Belief: “Money flows abundantly, and I attract wealth by sharing my unique talents and expertise.”

Limiting Belief: “Charging high fees for coaching services is greedy.” Reframed Belief: “My coaching services provide immense value, and I deserve to be compensated accordingly.”

Limiting Belief: “People with a lot of money are selfish or unethical.” Reframed Belief: “Financial abundance allows me to make a greater positive impact and support causes I care about.”

  1. Embrace Abundance and Value Your Services

As coaches, it’s essential to embrace an abundance mindset and truly value the transformative services we provide. Here are some key points to remember:

  • Your coaching services have the power to change lives profoundly.
  • Charge based on the value you deliver, not on what you think people can afford.
  • Believe in the abundance of opportunities and the flow of wealth.
  • Release limiting beliefs and negative self-talk that undermine your worth.
  • Celebrate your successes, no matter how small, and recognize the progress you’ve made.
  • Continuously work on shifting your mindset and embracing a positive relationship with money.
  1. Conclusion: Ongoing Journey to Financial Empowerment

Developing a healthy money mindset is an ongoing journey that requires consistent effort and dedication. It involves challenging deeply ingrained beliefs, embracing new perspectives, and actively cultivating an abundance mindset. By persistently working on your relationship with money and valuing the transformative impact of your coaching services, you can build a thriving business that aligns with your goals and values.

Remember, financial empowerment is not just about accumulating wealth; it’s about recognizing your worth, embracing abundance, and using your resources to create a positive impact in the world. Embark on this journey with an open mind and a commitment to personal growth, and watch as your coaching business flourishes in ways you never imagined possible.

Prefer Audio?

You can also listen to all my new content on my podcast Women in the Coaching Arena

Whenever you’re ready, here’s how I can help you grow your coaching business:

a beige background with a mustard and white abstract design with the words: love coaching but struggling to get clients

Interested to know more about my ‘Business of Coaching’ programme? Click here to learn more.

Hi, I’m Jo, and I’d love to help you on your coaching journey. I spent 20 years in corporate HR but faced challenges balancing work and family. Refusing to settle, I ventured into coaching, seeking financial success aligned with my values. Overcoming limiting beliefs, I developed strategies to attract clients, leading to the creation of my Reliable Results Path. Now, I support coaches in achieving their goals through my Business of Coaching programme. My values of honesty, personalisation and courage guide me, fostering a community of impactful coaches who believe in inclusivity and making a difference. More about me




to the blog

Hello and welcome! I’m Joanna Lott, and I’m passionate about empowering qualified coaches like you to build brilliant businesses.