Wellness Coaching Australia's Blog

Financial wellness – a new or an ignored frontier?

Life is never simple, which is why it is so interesting!  Here’s an example. Have you ever had several goals you wanted to achieve, yet at times they seem to conflict with each other?

One case of this that we hear often is from people who want to “follow their passion” (in their professional life), but also want to be financially secure.   Yet their passion may not hold the level of certainly around financial security they require.  

Of course, this applies to many of students who want to study health and wellness coaching, yet are concerned that it may not pay the bills.  When we get a dilemma like this, we can experience tension, stress and a sense of “stuckness” as we struggle with what really amounts to two conflicting values.  So how do we get round this?   We may also experience a sense of guilt or disappointment in our failure to follow our heart.  After all, surely financial “stability” should not be as important as doing what we really want do – living the professional dream?

Yet finance (or fears around lack of finance) is one of the biggest stumbling blocks when it comes to people achieving their goals.

Lea Schodel, a recent graduate, does a lot of work in the field of financial wellness.  She says,

“Money has such a large influence over our day to day lives, our sense of success and self-worth and our overall happiness and wellbeing. Our career choices, our ability to spend time with our family and friends, or to do the things we love, whether we can join a gym or practice yoga, how much we can spend on food, healthcare, self-care and other treatments, the type of neighbourhood we live in, the relationships we have and even our self-esteem are all impacted directly by our relationship with money. 

Our finances play such an integral role in our total wellbeing yet, so often they are ignored, put to one side or handed over to someone else to manage.

The elements of wellness

Image souce:  wellnessutah.com

There are many elements that comprise of our overall wellbeing: Social, Physical, Emotional., Spiritual, Environmental, Occupational, Intellectual and Financial. What is important is to recognise that there are many elements (other than diet and exercise) which contribute to or detract from total wellbeing and we cannot have total wellness unless we pay attention to and seek balance with all elements of wellbeing in our lives.

So how can we align our goals so that we achieve both a career we love and healthy finances? 
This was a question we had to address when we put together our latest training program – the Professional Certificate in Health and Wellness Coaching with Business Pathway (PCBP).  We love helping people learn to coach. And we have recognised the need for support in setting up our own business for some time. We have provided the Passion to Profit program almost as an add-on for people who finished the training and then realised they ill-equipped to actually make money from coaching.

So, we decided that we would combine all our programs and offer an inclusive “journey” that guided people along the path to becoming a proficient and effective health and wellness coach but at the same time, kept their eye on the end game – how they would make this work for them as a business.

To date, we have had a great reception to our PCBP and we can’t wait to work with the people who have enrolled at the start of this year.

View the details on our Professional Certificate program here.

We are also looking forward to Lea’s professional development webinar which she will hold later in the year when she will help our coaches learn how to “talk about the money”.  In this sense, when our clients present finance as the biggest obstacle and which we so often skirt around!  Watch this space.

You can get in touch with Lea at: lea@leaschodel.com

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