There are 15+ million single moms and 3+ million single dads in the US alone. My goal is to empower single parents and show that they are not alone.
Parenting is hard enough; managing household finances shouldn’t be.
Based on several readers, my book, Grab Your Slice of Financial Independence, has already started to change lives. If you are a DIYer, this is your book on how to get out of debt, live debt-free, and create a solid financial foundation on which to build.
But for others, reading the book is not enough.
When I started, I also needed someone to guide me in tracking cash flow and building my first budget, which went through several iterations over the years. That is why I started my coaching business.
What is a Personal Finance Coach?
It's the pre-step to working with a financial advisor. Coaches are there to teach and empower clients on how to build net worth, track cash flow, create a budget that supports goals and priorities, is a sounding board to making sound day-to-day financial decisions, build an emergency fund, plan for known major expenses, increase credit score and a host of other foundational things that ultimately create a solid financial foundation on which to build on.
What is my favorite part of coaching?
The light bulb moment my clients have when they see the path to financial independence and become empowered.
What is my measure of success?
When the client feels empowered enough to have financial tools in their toolbox to graduate from my program.
Another reason for my coaching program is, that I am often told, “Parents should be teaching their kids about money. If they did that, we wouldn’t have money problems today.”
There are two problems with that statement.
One, a person cannot teach what they do not know. We are not taught how to manage money in school, though that is changing. States are starting to require personal finance classes for high school students. While this is exciting news, the content is anemic at best in many states.
Two, money laws in the US are ever-changing, and opportunities in personal finance are evolving. Think about your mom and grandmothers’ generations and the years they lived, and consider that…
In 1974, the Equal Credit Opportunity Act, or ECOA, was passed, granting women the right to 1. Open a bank account without a male co-signer, and 2. apply for credit loans without a male co-signer.
Before 1974, and the passage of this act, banks and credit card issuers could deny women access to banking services and credit without any legal repercussions.
When Were Women Legally Allowed to Open Bank Accounts in the United States? article, Lantern by SoFi, author Rebecca Safier, May 31, 2023.
My biggest surprise…
In 1988 (that date is not a typo), the Women’s Business Ownership Act, H.R. 5050, was passed, finally removing (most) barriers and allowing women to pursue entrepreneurship. It allows women to apply for business loans without a male co-signer and build business credit in their own name.
Our mothers and grandmothers lived completely different lives from this generation and future generations. The opportunities they fought for are what we have to work with today.
Do not take that for granted.
So when people ask me why I wrote Grab Your Slice of Financial Independence and offer a coaching program, I want them to feel empowered to do what their mothers and grandmothers could not.
My mission is to empower as many single parents as possible to achieve financial independence. By thinking differently about money, you can forge a different life for yourself and teach your kids how they can do the same.
Want more Grab Your Slice?
MY STORY: From $257,000 in debt to financially independent in 10 years.
COACHING: Schedule a free, no-obligation, 30-minute initial call.
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