Budget. Eliminate Debt. Save. | Summary and Q&A

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March 17, 2018
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Consumer Warrior
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Budget. Eliminate Debt. Save.

TL;DR

A bankruptcy attorney discusses his hesitation in adding financial coaching services to his practice but explains why it can be beneficial for individuals who may not need to file for bankruptcy.

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Key Insights

  • 👮 The attorney's addition of financial coaching services to his law practice provides a valuable alternative to bankruptcy for individuals who may not need such an extreme measure.
  • 👻 His certification as a financial coach through Dave Ramsey's organization allows him to teach and apply Ramsey's principles of debt elimination and wealth-building.
  • 🪡 The attorney's decision to become a financial coach was initially met with skepticism due to the perceived conflict between bankruptcy and financial coaching, but he recognized the need to offer more comprehensive assistance to clients.
  • 👟 He draws on his experience with athletic coaching to highlight the guidance and direction he can provide as a financial coach, helping individuals improve their financial situations.
  • 💪 The attorney's financial coaching services primarily focus on debt relief, budgeting, savings, and developing strong financial habits to prevent future debt problems.
  • 🦃 While retirement planning, college planning, and giving are important aspects, the attorney's primary emphasis is on helping individuals eliminate debt and establish financial stability.
  • 👻 The attorney's financial coaching services are available nationwide through video conferences, allowing individuals from any location to benefit from his expertise.

Transcript

  • Hey everybody, John Skiba here, and I'm a consumer protection attorney in the state of Arizona. I'm also a bankruptcy attorney. I help people who either need to file for bankruptcy or who have been sued by debt collectors. And if you follow me on my Facebook page, you may have been to our YouTube channel, or even follow the Consumer Warrior podca... Read More

Questions & Answers

Q: Why did the attorney become certified as a financial coach, even though he is a bankruptcy attorney?

The attorney realized that not all individuals who sought help with their finances needed to file for bankruptcy, and wanted to provide additional guidance and support beyond bankruptcy options.

Q: How does the attorney compare financial coaching to his experience with athletic coaching?

The attorney draws a parallel between his role as a financial coach and the guidance and direction he received from his college football coach. He highlights the coach's ability to provide uncomfortable feedback and help him improve.

Q: What specific areas does the attorney focus on as a financial coach?

The attorney primarily focuses on areas such as debt elimination, budgeting, savings, and creating strong financial habits. While retirement planning, college planning, and giving are also important, his services have a specific emphasis on debt relief.

Q: Can individuals outside of Arizona benefit from the attorney's financial coaching services?

Yes, the attorney offers nationwide assistance through video conferences, making his services accessible to individuals across the country. Interested individuals can visit his website, DebtFree.Coach, to learn more and schedule a free consultation.

Summary & Key Takeaways

  • The attorney, who is also a bankruptcy attorney, recently became certified as a financial coach through Dave Ramsey's organization.

  • He wanted to offer more than just the option of bankruptcy to clients who needed help with their finances but didn't necessarily need to file for bankruptcy.

  • The attorney's financial coaching services focus on debt elimination, budgeting, saving, and building strong financial habits to avoid future debt problems.

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