Financial Coaching is one core ingredient in financial life planning

While many ( referring to my home country)may still unclear about what the financial planning process actually encompassing, it is important to recap both financial planning and coaching.

What is financial planning?

Financial Planning Standards Board Ltd. (FPSB) defines financial planning as a “process of developing strategies to help people manage their financial affairs to meet life goals.”

What is life planning?

The Kinder Institute founded by George kinder a.k.a the father of Life Planning , trains and coaches financial advisors worldwide in a method  call financial Life Planning.  This method is based on the premise that advisors should first discover a client’s most essential goals in life before formulating a financial plan, so a client’s finances fully support those goals.

What is life coaching?  

International Coach Federation defines coaching as partnering with clients in a thought-provoking and creative process that inspire the client to maximise their personal and professional potential, thus life coaching is an effective collaboration between a Coach and client (Coachee)whereby the coach support snd encourage the client  to make changes in life in a non-judgemental and unconditional way

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