Financial independence coaching as a side gig?

[arebelspy]

Having now met the guy, I can certainly vouch for that.  I think it's more likely a factor of my friend picking process than my persuasion skills afterwards though.

You, like many FIRE bloggers (and many other participants in this forum), seem to be unwittingly using the following variation of Grant's plan:

1.  Provide lots of free FIRE advice to internet strangers.
2.  Turn at least some of those internet strangers into real life friends.
3.  Have dozens (or more) of fantastically rich retired friends to spend time with.

The bolded portion of your quote is evidence of this "plan" working in action :)

lol.  This reminds me, I need to start a thread about Mustachians I've met, so I can work on adding others to the list!  My actions for the "step 2," above, have been much too sporadic.

[grantmeaname]

You have dozens of people who are listening and will follow the advice?  Cause I'd think it'd be hard to convince more than 3-4 people, at most.  If so, I'm jealous of your friends.  :)

Let's face it.  You're just not as charming as Grant.

Having now met the guy, I can certainly vouch for that.  I think it's more likely a factor of my friend picking process than my persuasion skills afterwards though.

Aww, shucks.

Dozens is the end goal. I'm at more than 3-4 now but certainly not yet dozens - it helped that I met so many people during college, when everyone is broke as hell, ambivalent about real jobs, and not yet invested in being consumers as part of their identity. I've probably got 10 or so converts now, counting my wife.

That alternate plan is a brilliant way to do it, though. Rebs is the first person I've ever met from here and he's made me hope he isn't the last!

[asauer]

I’m a financial coach though with a different audience.  Here are the three biggest things that helped me get my side hustle off the ground:
1. Niche down your audience, like WAY down.  Your auto die Fe needs to see your materials and KNow that you’re talking to them.  For example, “married male nurses who are tired of working nights god and want to be financially independent to gI’ve then more flexibility”. Seriously, that specific.  My biz grew 40% when I focused way down.
2. Deliver results ahead of time.  Deliver a solution not coaching sessions.
3. Use FB ads. 

[Nords]

I'm curious, who the heck makes the rules about what an unlicensed financial "coach" can and can't do? 

More to the point, what bureaucrat is going to take time out of their busy life to track you down and force you to comply?

[MrThatsDifferent]

Wow! This thread disturbs me to no end. Coaching is an actual profession. It takes years of training and experience to be a good coach. Just because you can talk to people, doesn’t make you one. There are methodologies, standards and ethics associated with it. Please don’t attempt this as an amateur and give legitimate coaches a bad name. You’re not a coach or an advisor, your just a buddy. Be that and don’t hold yourself out as more without the training, education, skills and experience.

[Goldielocks]

I’m a financial coach though with a different audience.  Here are the three biggest things that helped me get my side hustle off the ground:
1. Niche down your audience, like WAY down.  Your auto die Fe needs to see your materials and KNow that you’re talking to them.  For example, “married male nurses who are tired of working nights god and want to be financially independent to gI’ve then more flexibility”. Seriously, that specific.  My biz grew 40% when I focused way down.
2. Deliver results ahead of time.  Deliver a solution not coaching sessions.
3. Use FB ads.

Can you give examples of "deliver a solution not coaching sessions"?  I am imagining a few things, all them likely not what you meant.

[asauer]

Wow! This thread disturbs me to no end. Coaching is an actual profession. It takes years of training and experience to be a good coach. Just because you can talk to people, doesn’t make you one. There are methodologies, standards and ethics associated with it. Please don’t attempt this as an amateur and give legitimate coaches a bad name. You’re not a coach or an advisor, your just a buddy. Be that and don’t hold yourself out as more without the training, education, skills and experience.

Likewise, please don’t assume people on this thread don’t have training or plan to get training. I myself have a masters in adult education, am a certified coach and have 15 years experience.

[asauer]

I’m a financial coach though with a different audience.  Here are the three biggest things that helped me get my side hustle off the ground:
1. Niche down your audience, like WAY down.  Your auto die Fe needs to see your materials and KNow that you’re talking to them.  For example, “married male nurses who are tired of working nights god and want to be financially independent to gI’ve then more flexibility”. Seriously, that specific.  My biz grew 40% when I focused way down.
2. Deliver results ahead of time.  Deliver a solution not coaching sessions.
3. Use
Can you give examples of "deliver a solution not coaching sessions"?  I am imagining a few things, all them likely not what you meant.

Sure!  Wrong way: “I charge $100 per session during which we will meet via Skype and discuss strategies and roadblocks to your goal.  Additionally, you will receive a recording of our meeting and a 1-page strategy sheet.”  These are features, not a solution.  I mention this b/c I see so many new coaches saying this type of thing”.

Righ way “My 6 step program will help you to save 20% more of your paycheck.  This program is $600.”  This is a solution based program.  Consider what problem or goal your audience has and design the program and related marketing specifically to that goal.

[MrThatsDifferent]

Wow! This thread disturbs me to no end. Coaching is an actual profession. It takes years of training and experience to be a good coach. Just because you can talk to people, doesn’t make you one. There are methodologies, standards and ethics associated with it. Please don’t attempt this as an amateur and give legitimate coaches a bad name. You’re not a coach or an advisor, your just a buddy. Be that and don’t hold yourself out as more without the training, education, skills and experience.

Likewise, please don’t assume people on this thread don’t have training or plan to get training. I myself have a masters in adult education, am a certified coach and have 15 years experience.

Then clearly my comments wouldn’t be for you.

[grantmeaname]

Sweet necropost! I saw this thread title and thought “not this again” but it was literally the same thread. Ha!