Press "Enter" to skip to content

The 3 C’s of Financial Grit | Irene Lee & Whitney Williams | TEDxWilmingtonSalon


coaching and coaches there are voice

coaching and coaches there are voice coaches

coaches

coaches soccer coaches even life coaches why not

soccer coaches even life coaches why not

soccer coaches even life coaches why not a financial coach think about the last

a financial coach think about the last

a financial coach think about the last time you faced a financial emergency an

time you faced a financial emergency an

time you faced a financial emergency an unexpected car repair bill a sick child

unexpected car repair bill a sick child

unexpected car repair bill a sick child the loss of a job suddenly just like in

the loss of a job suddenly just like in

the loss of a job suddenly just like in this picture you’re hanging on as hard

this picture you’re hanging on as hard

this picture you’re hanging on as hard as you can to keep from falling into a

as you can to keep from falling into a

as you can to keep from falling into a financial of this that’s why Whitney and

financial of this that’s why Whitney and

financial of this that’s why Whitney and I are here hold up your hand if you

I are here hold up your hand if you

I are here hold up your hand if you remember what that feels like I do it’s

remember what that feels like I do it’s

remember what that feels like I do it’s pretty scary and stressful perhaps you

pretty scary and stressful perhaps you

pretty scary and stressful perhaps you had to turn to a family friend or

had to turn to a family friend or

had to turn to a family friend or neighbor to borrow some money

neighbor to borrow some money

neighbor to borrow some money it’d been due your personal savings

it’d been due your personal savings

it’d been due your personal savings account or even take out a loan somehow

account or even take out a loan somehow

account or even take out a loan somehow you made it work because you had some

you made it work because you had some

you made it work because you had some financial options but what happens if

financial options but what happens if

financial options but what happens if you don’t have financial options like

you don’t have financial options like

you don’t have financial options like these well that’s why Whitney and I are

these well that’s why Whitney and I are

these well that’s why Whitney and I are here we’re gonna share what’s working

here we’re gonna share what’s working

here we’re gonna share what’s working for parents with young children we’re

for parents with young children we’re

for parents with young children we’re building their financial grit even in

building their financial grit even in

building their financial grit even in the face of lots of financial

the face of lots of financial

the face of lots of financial emergencies who are moving from barely

emergencies who are moving from barely

emergencies who are moving from barely hanging on to steadily climbing to a

hanging on to steadily climbing to a

hanging on to steadily climbing to a place of financial stability with a

place of financial stability with a

place of financial stability with a coach a financial coach we all use GPS

coach a financial coach we all use GPS

coach a financial coach we all use GPS right well imagine entering your

right well imagine entering your

right well imagine entering your directions to your road to success but

directions to your road to success but

directions to your road to success but then being rerouted down broke Boulevard

then being rerouted down broke Boulevard

then being rerouted down broke Boulevard setbacks treat depression Drive and

setbacks treat depression Drive and

setbacks treat depression Drive and hardship highway and it’s not just you

hardship highway and it’s not just you

hardship highway and it’s not just you in the car your three precious babies

in the car your three precious babies

in the car your three precious babies are along for the ride would you still

are along for the ride would you still

are along for the ride would you still believe that you could arrive at your

believe that you could arrive at your

believe that you could arrive at your destination or would you get frustrated

destination or would you get frustrated

destination or would you get frustrated and turn around instead Walt Disney said

and turn around instead Walt Disney said

and turn around instead Walt Disney said the difference in

the difference in

the difference in and losing is most often not quitting

and losing is most often not quitting

and losing is most often not quitting let me tell you about a remarkable woman

let me tell you about a remarkable woman

let me tell you about a remarkable woman who did not quit miss Diez a single

who did not quit miss Diez a single

who did not quit miss Diez a single mother of three young children under the

mother of three young children under the

mother of three young children under the age of five when we first met her she

age of five when we first met her she

age of five when we first met her she was anxious depressed and struggling to

was anxious depressed and struggling to

was anxious depressed and struggling to find a job she was on public assistance

find a job she was on public assistance

find a job she was on public assistance she had a very low credit score and

she had a very low credit score and

she had a very low credit score and literally no hope of ever buying her own

literally no hope of ever buying her own

literally no hope of ever buying her own home but that all changed when she

home but that all changed when she

home but that all changed when she enrolled in a program that provided her

enrolled in a program that provided her

enrolled in a program that provided her with a personal financial coach who came

with a personal financial coach who came

with a personal financial coach who came alongside of her and really got to know

alongside of her and really got to know

alongside of her and really got to know her the financial coach came to visit

her the financial coach came to visit

her the financial coach came to visit her in her home and provided her the

her in her home and provided her the

her in her home and provided her the support and guidance she needed to turn

support and guidance she needed to turn

support and guidance she needed to turn those hopes into actionable plans and do

those hopes into actionable plans and do

those hopes into actionable plans and do you know what happened I can’t wait to

you know what happened I can’t wait to

you know what happened I can’t wait to tell you in just a few moments remember

tell you in just a few moments remember

tell you in just a few moments remember that concept of financial grit that I

that concept of financial grit that I

that concept of financial grit that I mentioned earlier what’s that all about

mentioned earlier what’s that all about

mentioned earlier what’s that all about think back to what it takes to stick to

think back to what it takes to stick to

think back to what it takes to stick to a weight-loss plan

a weight-loss plan

a weight-loss plan learn a new language it’s really grit

learn a new language it’s really grit

learn a new language it’s really grit that makes a difference and in

that makes a difference and in

that makes a difference and in particular it’s the three C’s first

particular it’s the three C’s first

particular it’s the three C’s first capacity to make a plan track your

capacity to make a plan track your

capacity to make a plan track your progress and take action

progress and take action

progress and take action second confidence to believe in yourself

second confidence to believe in yourself

second confidence to believe in yourself and know you can do it

and know you can do it

and know you can do it and third coaching to train with someone

and third coaching to train with someone

and third coaching to train with someone to build new financial habits it’s that

to build new financial habits it’s that

to build new financial habits it’s that last seat coaching where the real magic

last seat coaching where the real magic

last seat coaching where the real magic happens it’s coaching the turns capacity

happens it’s coaching the turns capacity

happens it’s coaching the turns capacity and confidence into positive financial

and confidence into positive financial

and confidence into positive financial action in fact parents with young

action in fact parents with young

action in fact parents with young children are building their financial

children are building their financial

children are building their financial habits and their grit so that they can

habits and their grit so that they can

habits and their grit so that they can build brighter futures for their

build brighter futures for their

build brighter futures for their children no matter where they live or

children no matter where they live or

children no matter where they live or what their circumstances as I’ve shared

what their circumstances as I’ve shared

what their circumstances as I’ve shared with Irene I know the importance of

with Irene I know the importance of

with Irene I know the importance of financial grit and the power of coaching

financial grit and the power of coaching

financial grit and the power of coaching you see at one time in my life I was a

you see at one time in my life I was a

you see at one time in my life I was a divorced single parent and I put many

divorced single parent and I put many

divorced single parent and I put many miles down on broke Boulevard and

miles down on broke Boulevard and

miles down on broke Boulevard and setback Street here I was educated and

setback Street here I was educated and

setback Street here I was educated and employed yet I still struggle

employed yet I still struggle

employed yet I still struggle financially for coaching to work

financially for coaching to work

financially for coaching to work families must make a decision to change

families must make a decision to change

families must make a decision to change their circumstances change their

their circumstances change their

their circumstances change their situation and that begins with

situation and that begins with

situation and that begins with identifying the why what’s motivating

identifying the why what’s motivating

identifying the why what’s motivating them to change is it to get out of debt

them to change is it to get out of debt

them to change is it to get out of debt restore or establish credit purchase a

restore or establish credit purchase a

restore or establish credit purchase a home establish a budget whatever that

home establish a budget whatever that

home establish a budget whatever that goal is that’s the big motivating factor

goal is that’s the big motivating factor

goal is that’s the big motivating factor but they have to be honest and they must

but they have to be honest and they must

but they have to be honest and they must make the commitment showing up for their

make the commitment showing up for their

make the commitment showing up for their appointments opening the door when their

appointments opening the door when their

appointments opening the door when their personal financial coach and home

personal financial coach and home

personal financial coach and home visitor come to their home and following

visitor come to their home and following

visitor come to their home and following through the coaches praise these small

through the coaches praise these small

through the coaches praise these small wins every step along the way remember

wins every step along the way remember

wins every step along the way remember those three C’s that Irene mentioned

those three C’s that Irene mentioned

those three C’s that Irene mentioned when families participate in the

when families participate in the

when families participate in the personal financial coaching program they

personal financial coaching program they

personal financial coaching program they then have the capacity to plan and

then have the capacity to plan and

then have the capacity to plan and manage their finances the competence to

manage their finances the competence to

manage their finances the competence to know that they can do it and the

know that they can do it and the

know that they can do it and the coaching support they need to be able to

coaching support they need to be able to

coaching support they need to be able to continue practicing those good financial

continue practicing those good financial

continue practicing those good financial habits but how do we really know that

habits but how do we really know that

habits but how do we really know that financial coaching is working research

financial coaching is working research

financial coaching is working research which shows that folks who meet with a

which shows that folks who meet with a

which shows that folks who meet with a financial coach are it’s both a

financial coach are it’s both a

financial coach are it’s both a promising practice and a powerful

promising practice and a powerful

promising practice and a powerful complement to financial literacy

complement to financial literacy

complement to financial literacy education and counseling in fact a

education and counseling in fact a

education and counseling in fact a recent evaluation study which compared

recent evaluation study which compared

recent evaluation study which compared one group of folks who received coaching

one group of folks who received coaching

one group of folks who received coaching to a similar

to a similar

to a similar group who didn’t did find coaching

group who didn’t did find coaching

group who didn’t did find coaching mattered and made a difference but it

mattered and made a difference but it

mattered and made a difference but it really makes a difference for folks who

really makes a difference for folks who

really makes a difference for folks who met with a coach at least three to four

met with a coach at least three to four

met with a coach at least three to four times even when they make the decision

times even when they make the decision

times even when they make the decision to participate though it’s still common

to participate though it’s still common

to participate though it’s still common for some parents to experience some

for some parents to experience some

for some parents to experience some speed bumps along the way many families

speed bumps along the way many families

speed bumps along the way many families are very apprehensive about

are very apprehensive about

are very apprehensive about participating they don’t often want to

participating they don’t often want to

participating they don’t often want to confront or expose their personal

confront or expose their personal

confront or expose their personal financial situation to someone they

financial situation to someone they

financial situation to someone they don’t know

don’t know

don’t know would you like releasing your personal

would you like releasing your personal

would you like releasing your personal information to someone you don’t know

information to someone you don’t know

information to someone you don’t know whether or not we asked if you had a

whether or not we asked if you had a

whether or not we asked if you had a retirement account how much do you have

retirement account how much do you have

retirement account how much do you have in your savings what’s your credit score

in your savings what’s your credit score

in your savings what’s your credit score in order for this coaching model to work

in order for this coaching model to work

in order for this coaching model to work we have to work together and so how do

we have to work together and so how do

we have to work together and so how do we overcome that how do we overcome this

we overcome that how do we overcome this

we overcome that how do we overcome this relationships relationships

relationships relationships

relationships relationships relationships they are the key to

relationships they are the key to

relationships they are the key to helping families overcome those fears

helping families overcome those fears

helping families overcome those fears and to be able to move forward with us

and to be able to move forward with us

and to be able to move forward with us home visitors have an amazing ability to

home visitors have an amazing ability to

home visitors have an amazing ability to establish trust to get families to

establish trust to get families to

establish trust to get families to participate some home visitors have

participate some home visitors have

participate some home visitors have personal financial coaches themselves so

personal financial coaches themselves so

personal financial coaches themselves so they can confidently share of the

they can confidently share of the

they can confidently share of the benefits with their families in addition

benefits with their families in addition

benefits with their families in addition to financial coaching there’s another

to financial coaching there’s another

to financial coaching there’s another critical success factor grit in another

critical success factor grit in another

critical success factor grit in another TED talk by Angela Duckworth she

TED talk by Angela Duckworth she

TED talk by Angela Duckworth she described how grit more than IQ was a

described how grit more than IQ was a

described how grit more than IQ was a more powerful predictor of student

more powerful predictor of student

more powerful predictor of student school success that the passion and the

school success that the passion and the

school success that the passion and the perseverance to achieve your long-term

perseverance to achieve your long-term

perseverance to achieve your long-term goals the grit to stick with it

goals the grit to stick with it

goals the grit to stick with it even during the hard times is critical

even during the hard times is critical

even during the hard times is critical at the same time we also know that grit

at the same time we also know that grit

at the same time we also know that grit and perseverance aren’t enough that it

and perseverance aren’t enough that it

and perseverance aren’t enough that it takes knowledge support and skills to

takes knowledge support and skills to

takes knowledge support and skills to turn that grit into action

turn that grit into action

turn that grit into action what about miss Diaz who I first

what about miss Diaz who I first

what about miss Diaz who I first mentioned talk about grit in less than a

mentioned talk about grit in less than a

mentioned talk about grit in less than a year after working with her personal

year after working with her personal

year after working with her personal financial coach she turned her life

financial coach she turned her life

financial coach she turned her life around she got a job she established a

around she got a job she established a

around she got a job she established a budget and began to save money

budget and began to save money

budget and began to save money her credit score increased tremendously

her credit score increased tremendously

her credit score increased tremendously she then bought a brand new car and was

she then bought a brand new car and was

she then bought a brand new car and was then pre-approved for a mortgage to buy

then pre-approved for a mortgage to buy

then pre-approved for a mortgage to buy a home she made a decision and she was

a home she made a decision and she was

a home she made a decision and she was motivated to do what she needed to do

motivated to do what she needed to do

motivated to do what she needed to do every time she met with the coach it was

every time she met with the coach it was

every time she met with the coach it was just another reinforcement to continue

just another reinforcement to continue

just another reinforcement to continue to keep her encouraged there’s another

to keep her encouraged there’s another

to keep her encouraged there’s another parent we didn’t mention who

parent we didn’t mention who

parent we didn’t mention who demonstrated this financial grid her

demonstrated this financial grid her

demonstrated this financial grid her name is Miss Van Riper she’s a single

name is Miss Van Riper she’s a single

name is Miss Van Riper she’s a single mom of four young children her personal

mom of four young children her personal

mom of four young children her personal financial coach educated her on how to

financial coach educated her on how to

financial coach educated her on how to save how to budget and how to clean up

save how to budget and how to clean up

save how to budget and how to clean up her credit it wasn’t easy but she was

her credit it wasn’t easy but she was

her credit it wasn’t easy but she was determined and she moved forward with

determined and she moved forward with

determined and she moved forward with working on her goals and today her

working on her goals and today her

working on her goals and today her credit moved from being very poor to

credit moved from being very poor to

credit moved from being very poor to being in very good standing and now

being in very good standing and now

being in very good standing and now she’s saving to buy her very first car

how else do we know it’s working we

how else do we know it’s working we tracked the data and it shows that over

tracked the data and it shows that over

tracked the data and it shows that over time parents with young children who met

time parents with young children who met

time parents with young children who met with the coach are increasing their

with the coach are increasing their

with the coach are increasing their savings they’re reducing their debt

savings they’re reducing their debt

savings they’re reducing their debt they’re improving their credit scores

they’re improving their credit scores

they’re improving their credit scores they’re paying their bills on time more

they’re paying their bills on time more

they’re paying their bills on time more often and they’re building the

often and they’re building the

often and they’re building the confidence to manage their financial

confidence to manage their financial

confidence to manage their financial lives that’s how we know it’s working as

lives that’s how we know it’s working as

lives that’s how we know it’s working as I travel the country I look for efforts

I travel the country I look for efforts

I travel the country I look for efforts that are building brighter futures for

that are building brighter futures for

that are building brighter futures for children efforts that are

children efforts that are

children efforts that are transformational not just transactional

transformational not just transactional

transformational not just transactional efforts that change my perspective of

efforts that change my perspective of

efforts that change my perspective of what’s possible I’m inspired not just by

what’s possible I’m inspired not just by

what’s possible I’m inspired not just by the data in the

the data in the

the data in the search but more importantly by the

search but more importantly by the

search but more importantly by the stories of the hundreds of parents with

stories of the hundreds of parents with

stories of the hundreds of parents with young children parents like Miss Diaz

young children parents like Miss Diaz

young children parents like Miss Diaz and miss Van Riper

and miss Van Riper

and miss Van Riper who are building new financial habits

who are building new financial habits

who are building new financial habits and the grit to move their families from

and the grit to move their families from

and the grit to move their families from the margins to the mainstream so here’s

the margins to the mainstream so here’s

the margins to the mainstream so here’s the big idea we hope you’re inspired to

the big idea we hope you’re inspired to

the big idea we hope you’re inspired to take up this model of financial coaching

take up this model of financial coaching

take up this model of financial coaching fits into a broader goal to promote

fits into a broader goal to promote

fits into a broader goal to promote health and wellness in all aspects of

health and wellness in all aspects of

health and wellness in all aspects of our family’s lives in their finances yes

our family’s lives in their finances yes

our family’s lives in their finances yes but also in their emotional and social

but also in their emotional and social

but also in their emotional and social well-being we believe that’s what it

well-being we believe that’s what it

well-being we believe that’s what it takes for them to thrive the programs

takes for them to thrive the programs

takes for them to thrive the programs that you will hear about today are

that you will hear about today are

that you will hear about today are positively changing lives and we only

positively changing lives and we only

positively changing lives and we only hope that families all across this

hope that families all across this

hope that families all across this country have an opportunity to unlock

country have an opportunity to unlock

country have an opportunity to unlock their three C’s through financial

their three C’s through financial

their three C’s through financial coaching and support

”

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *