So you’ve decided to put yourself first and invest in your present—and future. Welcome to the investment game! If I had to prioritize one piece of advice above all others, it would be that a wealth coach is vital to your success.

As we’ve discussed in the past, no one would expect to do great things in their chosen field without a coach, and the greatest of the great, the best in the world, have the best coaches money can buy. Look to your favorite athlete or sports team, artist, musician, chef…you name it. They all had a great teacher or coach.

I would submit that a wealth coach is potentially the most important coach you can ever have. Why? Because your wealth is what will allow you, in large part, to create a successful life. It gives you time with your family, the power to determine your own destiny, and safety in uncertain times. In a word, your wealth gives you independence.

With the advent of social media and the associated “likes,” everyone wants to be an authority on something. Why? Because it gives them esteem, and it often makes them money. I’ve noticed that it’s often the loudest voice that gets the most attention online, but ask yourself: does that qualify them to give you investing advice?

Let’s cut through all the noise and take a look at the most important qualities in a wealth investment coach. Once you’ve had a chance to read this article, leave me a comment on LinkedIn or Instagram and tell me what you think.

A good wealth coach helps you to define what wealth means for you

Before you’re going to create or increase wealth, you need to define what wealth is, right? We usually just assume that we know what wealth is. For most of us, wealth equals money, and when it comes to hiring a wealth coach, you’re probably thinking mainly of maximizing your income.

I’m here to tell you that a good wealth coach will show you that wealth consists of much more than money. With my students, I look at the ratio of five different areas when we consider what it means to be wealthy: physical, spiritual, relationships, mental/intellectual, and financial.

Chances are you’re going to be better at some of these things than others. You’re probably not equally a great investor, a great parent or spouse, a brilliant thinker, and a great athlete. Nobody’s perfect!

What gets people in trouble is when those five things are too far out of harmony with each other. If you are great in business and finance but your relationships are crap, you are going to have a pretty tough time in life. You might have money, but if you’re not happy in your relationships, what good will that money really do you?

Or let’s say that you’re good with investing but your sense of the spiritual—whatever that means for you—is not really contributing to your life. You’re accumulating assets, but if you don’t have a sense of being part of something greater than you—and again, what this means varies greatly from person to person—are you really creating wealth?

In my role as a wealth coach, I’m not saying that I will become your spiritual advisor. But there is a spiritual dimension to taking control of your wealth because this affects your ability to take control of your life.

A good wealth coach gives you a framework

Once you understand what wealth means for you, you need a framework for how you are going to get there.

Let’s be honest: investing can be overwhelming.

You have a limited amount of resources, right? We all do. Time is a resource. So is mental energy. So is money. If you spend an hour every day, or two or five, scrolling through social media, what do you have to show for it? Unless you are focused and have a lot of discipline, the answer is probably: nothing.

If you are going to create wealth with the resources that you have, you need a framework, an approach, a philosophy, if you will. Otherwise, you can wind up chasing your tail, throwing money here and there in the hopes that something will pay off. In essence, without a framework, you become a gambler instead of an investor. Investing is methodical; gambling is fun, but usually very costly in the end. Unfortunately, people often confuse these two.

The Indestructible Wealth framework is a distillation of everything I’ve learned over my 25 plus years as an investor. I learned valuable lessons fairly early in life that taught me that earned income—income that I generate through time, blood, sweat, and tears—had severe limitations in the wealth creation department.

My strength as an investor and an entrepreneur has always been that I am constantly scanning for ways to turn my earned income into passive income. This is the method that I want to teach you while harnessing the power of your unique skills, interests, and resources.

When I earn money, I know that I can put that money to work to create more money. There is always a way. I never, EVER see earned income as a means to buy anything, unless it’s a property, for instance, or a crypto mining machine, or any investment that goes on to generate more income.

Passive income is the key to Indestructible Wealth. I buy my fair share of toys, vacations, and non-essentials for myself and my family. BUT—I am patient. I don’t buy these things with earned income. I buy them with passive income. Discretionary buying with passive income is the greatest, most empowering feeling in the world. All of my basic needs are covered because I was smart with my money early on. Now, when I spend passive income on a luxury item or experience, I know the money I spent will be replenished without my having to lift a finger.

Did I have wealth coaches along the way who helped me get to this point? Absolutely.

A good wealth coach not only tells you “what” but tells you “how”

There are thousands of people out there telling you what to do. Start a side hustle, become an influencer, invest in crypto, plan for the future, invest in real estate. Blah. Blah. Blah. Beware of the coach that is constantly going on about what you should do but has no process to show you how to get there.

I don’t just tell my students that they need to create multiple streams of income. I teach them how to do so. Now, of course, this is going to look somewhat different for every investor, but there is a method to my madness. It is a clear process. Together, we will adapt that process to your particular circumstances, and you will be accountable to me for working that process given your own talents, resources, income streams, and knowledge base.

A good coach knows that it takes real work to achieve wealth and financial independence—not just lofty ideas.

A good wealth coach helps you find money to invest

Left to your own devices, you can get lazy. This is a big reason that people hire a trainer. Could you do 25 pushups instead of 20? Probably. A trainer pushes you to reach your best and provides accountability. If your trainer wants you to get to 10 pullups by your next meeting, I’ll bet you’re going to be more motivated to get there than if you were just training on your own.

The same principle applies when it comes to a wealth coach. A good wealth coach will help you stick to your budget. If you’ve decided together that you’re going to save $500 per month by only eating out once a month, then you better do it. Otherwise, not only will you be blowing that $500 that you’ve allocated for investing, but you’re also throwing money down the drain on a wealth coach. Why pay for a coach that you’re simply going to ignore?

Wherever you are financially in this moment, a good wealth investing coach can show you how to budget and improve the resources you can allocate to investing. For beginners, that may simply mean helping you find the resolve to cut out unnecessary expenses. For those who’ve been at this game for some time, it could mean eliminating underperforming investments, reallocating your time from one project to another, or taking a calculated risk. It’s all about analysis and having a trained eye available to evaluate how you are using all of the resources at your disposal.

A good wealth coach gives you perspective

This is a big one.

It’s common knowledge that being too close to any situation makes you vulnerable. If you’re a business owner, you probably think of your business as your baby. And while we love our babies, we view them with a lot of emotion, which can cloud our judgement.

I love the saying, “Perfect is the enemy of great.” We can often get lost in the details, trying to make each and every element perfect, when very good would be more than enough. When we do something day in and day out, it can often be hard to see the forest for the trees.

Here’s where wealth coaching can be invaluable, whether you are 25 or 65. When I recommend changes to clients who’ve been doing the same thing for a year or even five or ten years, they will often say, “But this works.” My question back to them is always, “How do you know?” How can you know that something is working if you’ve never tried something else?

Change is hard. And the more success you’ve had, the more difficult it can be to make a change, even one that could create obvious improvements. Self-reliance is powerful, and so is the ability to consider the perspective of an expert advisor; the reassuring thing is that they can work hand in hand.

A good wealth coach helps you avoid FOMO

This bears repeating: very, very few investments outperform the stock market. Your bedrock investments should be safe, giving you reasonably reliable returns month after month and year after year.

Some people see dollar signs—or, more accurately, they want to see dollar signs—whenever the next new thing pops up. It could be the latest and greatest shitcoin, an “up and coming” company, or an “opportunity” that is simply too good to be true. Fear Of Missing Out leads people to do risky and even downright stupid things.

When you choose a wealth investing coach, you’re not choosing them for the easy times; you’re actually choosing them for the hard times. You’re choosing them because, when necessary, they will give you the hard truth. Are you obligated to listen to every piece of advice that your wealth coach dispenses? Of course not. But if you don’t listen, especially when the stakes are high, it could cost you more than the money you spend on their advice.

A good wealth coach does not offer advice willy-nilly. They don’t make random pronouncements and then expect you to blindly follow. After all, when it comes down to it, you are dealing with your money, your present, your future. A really good wealth coach does exactly what their title implies: they coach. Because they’re grounded in a framework, they can explain the rationale behind their advice.

The responsibility is always yours. Whether or not you choose to follow your coach’s advice, and whether you win or lose on any given investment, a good wealth investing coach will have provided you with a way of strategically evaluating your decisions.

A good wealth coach teaches you to think ahead

I’m all about enjoying the moment. You will never hear me preach about scrimping and saving so you can be rich in your retirement.

One of my greatest strengths as a wealth coach, however, is that I teach you how to enjoy the present and to look intelligently to your financial future. How? By showing you exactly, step by step, how an investment of $500 per month can catapult you ahead in your financial life to having three or more significant, reliable streams of income within a five year period.

We can discuss the specifics of the plan later on, but here’s the important thing that I can do as your wealth coach: at age 18, or 22, or 30, I can help you see beyond the instant gratification of a slick set of wheels, expensive dinners, or an apartment or home that is out of your reach. I can show you what every single one of those $500 can do for you over that five year horizon in making your wealth goals a reality.

A good wealth coach puts their money where their mouth is

“Do as I say, not as I do.” This is one of the most grotesque sayings in the English language as far as I’m concerned. You will never, ever hear me saying anything of the kind to my wealth coaching clients.

The fact is, it’s impossible to advise anyone about a topic that you haven’t exhaustively worked through yourself. This is why I’m open about my failures as well as my successes in the world of business and investing. If I hadn’t made my share of mistakes, I’d be in no position to offer my counsel to others.

When it comes to the crypto picks and specific investments that I recommend to my coaching clients, I endorse them because I’ve vetted and invested in them myself.

A good wealth coach starts where you are

Golf is one of my go-to hobbies. Am I an obsessive like so many weekend warriors? Nah. But I do like the game.

Now, imagine if I decided to take a golf lesson at my local course and the pro treated me like I was Tiger Woods. Not only would he be seriously disappointed in my performance, but I probably wouldn’t learn much at all.

A good wealth investing coach knows how to analyze his or her investor. They know how to evaluate your portfolio, your options, your decisions, and help you leverage your time and resources in order to get the best outcome. They can see possibilities that you probably haven’t even considered because they know how to see the whole picture.

Let’s say you’ve basically been an employee for your entire working life, but what you really want is to forge out on your own and go all in on your business idea. You’re convinced that it will work, and you’re done working for the man.

A good wealth coach knows how to ask you the right questions so that you can evaluate this major move you are contemplating. If you’ve hired a wealth coach because you think they will give you permission to do what you want to do rather than help you think through what you should do—well, I hope you’ve found the second kind.

Have you vetted your business idea thoroughly? Have you done the proper market research? How long can you support yourself without the income from your job? Have you established goals and milestones for your new venture? Do you have a Plan B? A Plan C?

A good wealth coach knows how to evaluate risk tolerance for a 45-year-old who has five income streams and their own business. They also know how to evaluate risk tolerance for a 25-year-old with few resources and an entry level job. Are you too cautious? Do you take too many risks? A good wealth coach knows how to spot these tendencies and explain the associated risks—not simply to pontificate as though they know it all and you know nothing.

Work With the Best

OK, I kind of think I’m one of the best wealth investing coaches out there. That might seem cocky, but I don’t really think it is. If I didn’t think I could help you to create financial freedom, I’d be a hypocrite if I put myself out there as an expert, wouldn’t I?

In my mastermind and 1:1 wealth coaching sessions, we work smart. We also work hard. Creating lasting wealth that increases over time takes guts and smarts. It takes a willingness to constantly be learning about business, about investing, and most importantly, about yourself.

No one can do it for you, but I know I can help you on that journey from where you are to where you want to be. In my opinion, that’s what makes a wealth coach great. I’ve been exposed to quite a few great coaches in my time, and I’d like to pass on what I learned from them to you.

I hope you take advantage of the wealth of knowledge that is available here on my website. I advise you book a call so that when you’re ready to work with me on a deeper level, the opportunity will be waiting for you.