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Creating a Life of Purpose and Prosperity

Podcast 991: Wealth Creation for Coaches

For years I’d put my military career in a box as something I “used to do.” I also put my epic financial failure after the military in that box. In Pat Wetzel’s extraordinary podcast, “Bump In the Road” I share more about how my bumps have led to some phenomenal life experiences.

If my failures can be of service to anyone, I’m happy to share. In this podcast with the amazing Dr. Julie Ducharme, I share more about my trials and triumphs and how others can overcome the challenges in their own life.

I was blessed to be interviewed by Dr. Thea Fiore-Bloom and featured in L.A. Parent magazine on money and wealth post-COVID. Here’s the article: " Kamin Samuel, Ph.D., was the U.S. Navy’s first African American woman helicopter pilot, but that role had nothing on the job of parenting. “Even though my job was to fly helicopters, I’m clear on what the hardest, most courageous job on the planet is — parenthood,” Samuel says. Luckily for us, she also happens to be an expert on neuroplasticity and the brain’s ability to rewire itself around money. I reached out to Samuel for some insights because the stress and economic hardships dealt by the COVID-19 crisis have made the courageous job of parenting more challenging than ever. Her acumen for creating wealth after a crisis is the result of her years of military service, personal triumph over bankruptcy, success as a business leader and international wealth coach, as well as her role as a board member for the EduCare Foundation, an L.A.-based nonprofit that aims to cultivate compassionate leadership skills in children. Here are a few of Samuel’s tips on how to financially flourish even during these times. What do you say to folks who may be stressed or anxious because their family is in a tough place financially right now? I’d say what I wish I could have said to myself coming out of my own bankruptcy and foreclosures, and that is this: “The amount of money I have at this moment does not define me. It’s not who I am. It just reflects an aspect of what I do in the world. I can create, recreate and reinvent myself and my opportunities at any time, starting today.” Are there any action steps you recommend parents take to help get confidence and serenity back around money? Many people don’t realize how much energy goes into worrying about not being able to handle another pandemic or emergency if one occurs. One great way for a parent to dial the pressure down is to set up a 10-month emergency fund. In the beginning, it’s normal to imagine your weekly contributions will never amount to enough. But you’ll be surprised how quickly your money will add up and how getting kids involved may transform the stress into a game. The pandemic prompted many parents to ask “What if something happens to me or my spouse? How will my kids get by?” Any advice? Setting up health directives, wills and college funds are tasks most of us want to put off. I understand. But my own life journey from financial struggle to financial prosperity has led me to run toward the hard stuff. I now know the sooner those big-picture things are taken care of, the sooner I’ll enjoy a greater sense of well-being and optimism. That’s good for two reasons. First, well-being and optimism create the perfect conditions for wealth to grow. And second, science has proven that optimistic people live healthier, longer lives. Speaking of science, what is neuroplasticity and what financial benefit can it offer parents now? Neuroplasticity is the ability of our brain to literally change in response to new information or stimulation. Science has proven we can rewire our brains to achieve a goal. This is the methodology many Olympians have used to achieve success. When Olympians are mentally rehearsing or simulating what they wantto create in their lives, their brains don’t actually know that the positive things they are imagining are not already real. So, their brains go ahead and create new neural pathways to help the athletes achieve their heart’s desire. And we can do that, too — around our money. My work asks, “What if wealth is an inside game?” “What if you could transform your wealth and life from the inside out?” “And what practical action steps could you take to make that dream a reality?” What’s one last piece of advice you’d give to parents who are trying hard but may feel overwhelmed emotionally or financially now? It’s OK to make financial mistakes. We all make them. In the past, I took my mistakes personally. I felt shame. I thought I was a failure. When, in reality, all that happened was that what I tried in that particular instance didn’t work out. The same holds true for you. See your mistakes as mis-takes, like in film. If you make a mis-take, say to yourself, “OK, let’s try that shot a different way.” Give yourself lots of do-overs. As Maya Angelou said, “Do the best you can until you know better. Then, when you know better, do better.” For more empowering financial advice, read Kamin Samuel’s book, “Increase Your Abundance Starting Today. A Spiritual and Practical Guide to Transform Your Thoughts and Life to Attract More Wealth, Success and Joy After Debt, Bankruptcy or Failure,” and visit her website, KaminSamuel.com ."

Join me as I talk to Charlie Hedges about life post-COVID.

Recently, someone asked me where I came up with the concept of the “working coach.” A few years ago, I became obsessed with Hallmark movies and I noticed something interesting. I saw the same actors over and over again in movie after movie. About the same time, I was watching a documentary featuring the actor Chris Pine, star of the 2009 Star Trek series and many more blockbuster hits. He was talking about his father, Robert Pine and how he was a working actor. His dad got up every day and went to a set. One of the roles I knew him most for was playing Sgt. Joe Getraer on CHiPs back in the late 1970s…okay I’m dating myself. All of these actors showed up for work each day, honed their craft and went to work. As I listened to Chris and looked at his father’s vast acting career, I saw a parallel to the coaching industry. There are many blockbuster coaches that make over $500,000 a year. There are also what I call the working coaches, that get up and work their business every day, day in and day out. AND, they make a very good living doing what they love, serving people and changing lives. Another group of coaches that I have seen are those that want the money, life and lifestyle of the blockbuster coaches, but haven’t learned to put in the work. They put in less than 15 hours total during the week…most of which is thinking about coaching, working on websites and marketing, not actually coaching. They’re not yet making a living as a coach. Many just aren’t sure how to put together a prosperous coaching practice or haven’t learned the systems to working this like a career. Becoming a great and prosperous coach should be viewed like any other profession. It takes time to study, to practice, to put in the hours…like a doctor, lawyer, professional athlete. Many people come to coaching because they’re great listeners and have helped their friends and family a lot. They are the go to person for when problems arise. But making a living as a coach means more than that. First and foremost, it requires personal development, as well as professional development, which is unique to this industry. Part of the work I do with coaches is to understand the part of them that might be holding them back or preventing them from reaching the success they desire and helping them clear those blocks. It’s some of the most rewarding I get to do…helping coaches help more people achieve their dreams. Coaching is an amazing profession, whether for sports, life or business. And, life and business coaching can prove to be a very lucrative career. If you’re a coach and you’re not achieving the results you want or making the money you’d like, let’s have a conversation. It may be all you need to jumpstart your career and create a working prosperous practice.

Our Definition of Luck In Conscious Luck, we define luck as an ever-present force that you can harness consciously to flourish on all levels of life—mentally, emotionally, physically, and financially. Although there will always be an element of chance to luck—both good and bad—research in the field of Positive Psychology and the experiences of consistently lucky people show that a great deal of your luck can be changed, and quickly, with some conscious attention on your part. Just as there are rules for improving your health—get enough sleep, eat a balanced, fresh diet, stay hydrated, exercise regularly—there are specific guidelines for improving your luck. We love the analogy Stanford University professor, Dr. Tina Seelig, uses to explain this: “Luck is rarely a lightning strike—isolated and dramatic—but a wind that blows constantly . . . You need to build a sail—made up of certain tiny behaviors—to catch the winds of luck.” The eight Conscious Luck Secrets provide the step-by-step instructions for building that sail and harnessing the winds of luck. Reading Conscious Luck started your journey to intentional good fortune and using the tools in the following pages will accelerate that process. When you fully integrate the eight Secrets into your daily life, you can’t help but be luckier. Copyright © 2020 Gay Hendricks, Carol Kline, and Kamin Samuel. Page 9.