Life Coaching + Financial Planning = The Evolution of “The Financial Planning Experience” Aileen Miga, CFP, Life Coach Inspired Wealth Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

“We live in the most affluent societies in human history, yet we are still not using money intentionally to achieve our highest goals and fulfill our biggest dreams.” Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

More is no longer enough Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Trends Aging Clientele –Life Transitions ~ Transitioning TO something new –Right Brained Thinking Changing nature of the workplace –Entrepreneurialism –Meaning ~ work and play are converging Self-Actualization with the help of Coaches –Maslow: Basic needs are met, next Self-Actualization –Self-care and simplicity movement –Lifelong Learning ~ Journey ~ Conceptual Thinking ~Adapted From Put the “Life” into your Practice; Barry LaValley Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Opportunity Help clients regain a sense of alignment and strength as they cope with life transition and change. Help clients use money intentionally, with meaning, purpose and direction to create the fulfilling lives they desire. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Evolution of Financial Planning The “Financial-Life Planning” approach requires a new skill set. “ In the future financial planners will become more like “financial coaches”: utilizing coaching skills and principles to help people use money intentionally to attain their highest goals and increase personal freedom.” Aileen Miga, Inspired Wealth Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

A coach is someone who tells you what you don't want to hear, who has you see what you don't want to see, so you can be who you have always known you could be." - Tom Landry Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

What is Coaching? Coaching is inspiring an individual or team to produce a desired result through personalized teaching, expanding awareness and designing environments. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

What is the focus of Coaching? Where are you now in relation to where you want to be? What are your goals? Are they based in your values? In order to get what you want from any situation, what are the areas of strength and what are the areas for improvement and focus? Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Financial Planning Process Step 1 Collect Data Step 2 Set Goals Step 5 Implement Step 4 Develop A Plan Step 3 Identify Problems Step 6 Review and Revise Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

12 Principles For Financial Leadership Life Coaching Principles applied to each of the Six Steps of Financial Planning It is a continuum that combines Wealth Creation and ongoing Personal Development Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Copyright © 2003 by Aileen Miga. All rights reserved. 12 Principles To Reach Your Highest Goals

Money = Energy Energy = The ability to get work done. Are you using your resources intentionally to attain your highest goals? Money is a symbol of appreciation, it flows to those who add value. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Truth Will Set You Free In all learning it is essential to know where to begin. Know the truth about your money. Internal integrity is an opportunity. Money awareness is the first step to financial freedom. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Honour Who You Are Embrace your desires: They are a part of your unique job description. Use money in ways that are congruent with your values to increase fulfillment vs. wants Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

You Are A Creator All things are conceived in thought. Creating vs. Competing We are all here to manifest. Create more value…attract more wealth. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Expand Who You Be, Not Only What You Have Building a life gives you energy, building a lifestyle is seductive and depletes energy. Are you building a lifestyle at the expense of your life? How are you managing your potential? Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Let Go and Eliminate Let go of what no longer serves you, including goals that don’t reflect your true values. Eliminate the things you are tolerating that keep you stuck. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Be Willing To Climb Your Mountain Often what we must do is not what comes easiest. Accept that it is not easy to stick to your plan with money…be willing to do it anyway. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

You Can’t Get There On Empty Get your needs met. Become “Self-ish”. You can’t give what you don’t have. Build reserves: Not having enough reserves can be expensive in many ways. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Wealth Takes Courage Courage needs to be nurtured and consciously developed. Avoiding risk can be risky…do something that scares you everyday. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Life Rewards Action Action is a choice, so is not taking action. You need to plant the seed before you can expect a harvest. What seeds have you planted lately? Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Present is Perfect The present is an efficient feedback mechanism… …it’s perfect to learn and grow from. The sooner you learn, the greater is your compound rate of return from your learning. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

There Are No Limits Our ability to create makes us un-limited. Avoid judging what’s possible… continue to grow and enrich your life. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Collect Data 1. Money = Energy 2. The Truth Will Set You Free Implement Develop A Plan Identify Problems Review and Revise 5. Expand Who You Be - Not Only What You Have 6. Let Go and Eliminate Set Goals 3. Honour Who You Are 4. You Are A Creator 7. Be Willing To Climb Your Mountain 8. You Can’t Get There on Empty 11. The Present Is Perfect 12. There Are No Limits 9. Wealth Takes Courage 10. Life Rewards Action Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Mountains and Money Sustainable Wealth Creation…. Demands Continuous Personal Development Moving Forward and Upward Financial Planning Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Copyright © 2004 by Aileen Miga, Inspired Wealth. All rights reserved.

Happiness - Satisfaction - Fulfillment Happiness - Wants We are happy when we get what we want - short-lived and fleeting Satisfaction – Needs We are satisfied when we recognize what we need, and get our needs met - deeper sense of self Fulfillment – Values We are fulfilled when we orient around our values - authentic and sustainable Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Your New Job Description A Financial Planner helps their clients get a clear picture of where they’ve been and are, where they’re going and stay with them as they climb their mountain to help get them there. The future of this business is about teaching and coaching and helping the client relate their money to their life. Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

The Evolution of Financial Planning Dreams Meaningful Goals Purpose - Clarity Legacy Retirement Projections Stated Goals Career Path Estate Planning Getting Needs Met Overcoming Challenges Life Transitions Investments & Insurance Taxes Market Cycles Personal Awareness Financial Consciousness Abundance / Gratitude Financial Data Cash Flow Balance Sheet Vision Foundation Environment Coaching/InteriorTechnical/Exterior Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

More is no longer enough Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved. The Experience Economy

Obtain Coaching Skills Experiencial and conceptual learning You can’t take a client where you haven’t been yourself. Climb your mountain Get a coach Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Partnering with Coaches International Association of Coaches International Coaching Federation Coachville CoachU Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.

Inspired Wealth Website: Aileen Miga, CFP, Coach Inspired Wealth (416) Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved. Connecting….

Life Coaching + Financial Planning = The Evolution of “The Financial Planning Experience” Aileen Miga, CFP, Life Coach Inspired Wealth Copyright © 2005 by Aileen Miga, Inspired Wealth. All rights reserved.