How do you feel about money?
Is money “good” or is it “bad”?
Money itself is inherently neutral. As Counselor Deanna Troi famously says to Data in Star Trek TNG: “Feelings aren’t positive or negative. They simply exist. It’s what you do with those feelings that becomes good or bad.” The same applies to money.
Are the following ideas true?
Money is not more important than people.
You can always lose and make more money.
Money is necessary in life – you need it to live. It is what it is. You can choose to worry about it or not and it won’t change anything.
At different times in your life you may have more money than at others, which is why it can be precious.
Although I have been coaching informally for years, I am relatively new to the field professionally. As in any profession, I am learning about coaching; not only techniques, but also that there are different “levels” of coaching. Different coaches have different specialties, while some coaches coach people, others coach only other coaches, etc.
One thing I have noticed is that some of the top coaches in the profession are very blatant about their wealth (the money they have made as a coach). I have mixed feelings about this.
While money is necessary to live and most people do need an income, I personally am not in coaching “for the money.” In contrast, I knew that as a prior business owner for 12 years, that my experience could help others, and also I was at a place in my life where I needed a career change.
For some reason, society tends to view rich people as “evil” – think about the expression “dirty money” or “filthy rich” for example. Now the origins of those two phrases come from money that was originally ill-gotten (ie. through illegal activity for example), but over time the meaning has changed into an association that people who have money are somehow dirty/filthy/bad or immoral.
Like I said, money is not inherently bad. In fact it is necessary in order to survive. You must have it. So how could it be bad?
Money is associated with those who are “bad” for the way people behave once they have it. I have said in my award-winning book Full-Time Woman, Part-Time Career, that “People are funny about money,” and it’s still true! Some people change once they have money.
So back to my observations about the top coaches in my new profession. Some of them really “flaunt” their wealth, while superficially (in my opinion) pretending to care about others. I find this distasteful. I have seen this in the emails, newsletters, and tele-seminars of some of these people when they talk about their lifestyles – having a personal chef, a full-time nanny, a million dollar house, etc. Where does that money come from? Answer: their clients! Think about that! They are making a nice living from the people who support them, all the while flaunting their upscale lifestyle in the very face of their customers/clients, the ones who are paying them! Is this in poor taste?
I would say yes! What other answer could there be? Well, aside from the obvious, in actuality they are using an envy-based sales and marketing technique. In other words, if everyone else can see what they have, then they will want it too, and ultimately these same people will buy what they are selling so they too can have it!
This is in complete contrast to the background in GIS where I came from, where most people who enter the GIS profession genuinely want to use the tool to help others make better decisions (see my previous post “For the Greater Good”). Shouldn’t this be what coaching is too? A tool used to help other people make better decisions?
Yes, money is important, but what is far more important is how you treat other people, especially once you are in a position of wealth and/or power. Do you look down on others (or perhaps just consider them potential customers or buying units), or do you still treat people fairly, decently, kindly?
What would you rather be known for?
How much money you have, or how you treat other people?