Why Would I Want a Money Coach?

One of the many reasons we love doing what we do is because we meet amazing people and businesses who are doing amazing things. It’s for this reason that we were excited to talk with Megan Lathrop, Capital One’s leading money coach. Capital One believes “that banking needs to be reimagined – not only to meet customers’ current needs – but to empower and encourage them with tools, services, and an environment that fits into their lives.”

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Capital One’s new approach to banking is in line with the Debt Free Guys’ philosophy and why we agreed to partner with Capital One for its 10-city tour designed to give people more confidence in their relationship with their money.

What is a money coach?

Lathrop has been in financial services for many years, having started as a financial advisor with a book of businesses. She realized that she was limited to how holistically she could help her clients as a financial advisor and transitioned into a money coach. Lathrop is a pioneer in the field of money coaching, as it literally did not exist a few years ago.

A money coach is like a life coach, except one who focuses on your money, your relationship to money, and your beliefs about money. We often talk about the need to tap into our limiting money beliefs, especially for the queer community, and as a money coach that’s what Lathrop does. Money coaching is “designed to connect your values to your money, get your money under control, plan a path for your future financial goals, and the confidence to make it happen.”

Who needs a money coach?

Before we think about how much money we need for this and that, before we create financial plans, we should clearly understand what it is we most want out of life. That’s why we talk about our “why” so much. It’s only through understanding our why that we can get our relationship with money in line with our goals and dreams, and then let us live according to our values.

Listen this week’s Queer Money™ to learn more about how a money coach may help you.

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