Wealth Coaches/Strategists

[andviv]

Tiger woods has coaches. Roger federer as well. CEOs and business owners have coaches, even though they sometimes are called advisers. Do people that are accumulating wealth also need wealth strategists?

I am not talking here about a Whitney seminar, or a Donald Trump seminar type of thing but a personalized coaching to get to the next level.

Comments? Past experiences?

Thanks for sharing.

 

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[MJ DeMarco]

My problem with it is having them be qualified (at least be on my level, or better.)

In Tiger's case, I'm sure his coach once played pro golf and knows the mechanics of the game. Same goes for the tennis guy. Coaches are probably "former" pros.

I've found the best coaches I've had are my personal network of contacts/friends/acquaintances as many of them are business owners doing big things.

I just don't have faith in an organization "Selling" you a coach.

I would love to hear your friend's experience with the coach, how much it cost, and why specifically it was priceless.

 

[snowbank]

Andviv,

I know this is a much different type of area, but with my profession(poker) most of the better players have, or have had coaching to get to the next level. I can say without a doubt I'm glad I've payed for coaching, and will no doubt probably hire another coach/coaches in the future when I'd like to take it a step further. It helps your learning curve so much. Time is money, and if you would have spent way more time on your own learning something yourself, than having to pay someone who can do what you want to do, and teach you quickly, it wouldn't have been time well spent.

If the business you are thinking of getting coaching in is something that you will see results easily, I'd suggest getting creative in the payment plan of your coach. Negotiate an incentive plan where they get a % of earnings, or something along those lines. In my first month playing poker full time I made $0. I was working very hard, but thought I was spinning my wheels with a lot of things that someone who was better could show me easier than me trying to learn the hard way. I talked to pretty much everyone who was coaching, and finally found someone who was willing to sway from an hourly rate for me, and take a % deal. The next month I made 5 figures and haven't looked back. Worked out well for both of us.